824 Elmwood St, State College, PA 16801

State College
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
824 Elmwood St,State College, PA 16801
$875,000
  • 10 Beds
  • - Baths
  • 7,680 sq. ft.
  • Multi-family
  • Active
Listed by: satishchandra brahmbhatt, krish r patel
Office: prime realty services
MLS#:PACE2517818
Source:BRIGHTMLS

Price summary

  • Price:$875,000
  • Price per sq. ft.:$113.93

About this home

Secure a high-performance asset in the heart of Happy Valley. This 1.17-acre creek-front property features two income-producing duplexes (4 units total) with guaranteed cash flow through July 31, 2026. The Investment at a Glance: • Total Monthly Revenue: $5,725 ($68,700 Gross Annual) • Proven Stability: 100% occupied with all leases secured through Summer 2026 • Low Maintenance: Rear duplex features a brand-new shingle roof (2025) • Prime Location: Minutes to Penn State University, Lemont, and Rt. 322. Backs directly to Spring Creek Property Breakdown: • 824 & 828 Elmwood: All-brick duplex featuring two spacious 5BR/2BA units with covered porches, private basements, and a separate laundry room located in the rear of the building. Combined rent: $3,275/month. • 830 & 832 Elmwood: Wood-sided duplex featuring one 1BR unit and one 4BR unit. Combined rent: $2,450/month. Rarely does a property combine this level of acreage, water views, and turnkey rental history in the State College...

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Home facts

  • Year built:1937
  • Listing ID #:PACE2517818
  • Added:49 day(s) ago
  • Updated:April 25, 2026 at 01:39 PM

Rooms and interior

  • Bedrooms:10
  • Rooms Total:15
  • Flooring:Hardwood, Laminated, Vinyl
  • Kitchen Description:Built-Ins
  • Basement:Yes
  • Basement Description:Full
  • Living area:7,680 sq. ft.

Heating and cooling

  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1937
  • Building area:7,680 sq. ft.
  • Lot area:1.17 Acres
  • Lot Features:Stream/Creek
  • Architectural Style:Traditional
  • Construction Materials:Brick
  • Exterior Features:Balcony, Porch(es), Roof

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$875,000
  • Price per sq. ft.:$113.93
  • Tax amount:$7,200 (2025)

Features and amenities

  • Amenities:Attic, Built-Ins, Electric Available

Parking

  • Parking description:Asphalt Driveway, Off Street, Parking Lot

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