Property Description
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 market. Don't miss this opportunity to add a strong performing asset to your investment portfolio.
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 market. Don't miss this opportunity to add a strong performing asset to your investment portfolio.
Overview
Property Type
Multi-family
Location
824 ELMWOOD STREET, STATE COLLEGE, PA 16801
Zoning
V
MLS ID
PACE2517818
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
0
Flooring
Hardwood, Vinyl, Laminated
Other Interior Features
Attic, Built-Ins, Wood Floors
Exterior
Stories
4
Water Source
Public
Utilities
Electric Available
Pool
No Pool
Roof
Shingle
Lot Features
Stream/Creek
Parking
Driveway, Off Street, Parking Lot
Heat Type
Hot Water
Air Conditioning
None
Sewer
Public Sewer
Substructure
Other
Disability Features
None
Details
Total Area
7,680 Sq.Ft.
Architecture Styles
Traditional
View Description
Creek/Stream, Trees/Woods
Financial
Price
$875,000
Real Estate Tax
$7,200/yr
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