824 Elmwood St | Image 1
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824 Elmwood St | Image 2
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$875,000

For Sale

3 days ago

MLS® PACE2517818

0 Bed

0 Bath

7680 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 7680 sqft
Garage No
Taxes $7,200
Days Active 3
Lot Size 1.17 acres
Approx. Age 1937
Avg. Price Per Sqft $113
MLS® Number PACE2517818

Property Address: 824 Elmwood St, STATE COLLEGE, PA, 16801-7057

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberPACE2517818
Laundry Level
Central VacNo
FireplaceNo
Acreage1.17
Exterior
GarageNo
Approx. Age1937
BasementFull
DrivewayAsphalt Driveway, Driveway, Off Street, Parking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Stove, Fridge, washer and Dryer.

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 6, 2026List Date
$875,000List Price
  • Commute

Commute

Starting Address
Destination Address
824 Elmwood St, STATE COLLEGE, PA

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