Excellent Investment Opportunity in State College. Add two fully rented duplexes to your portfolio with this rare offering on Elmwood Street. Situated on 1.17 acres backing to Spring Creek in a fantastic location near Glenn Park, Slab Cabin Park & the beloved village of Lemont, plus shopping, local eateries, downtown State College, Penn State University & quick access to Route 322/Mt. Nittany Expressway, this property combines strong rental history with unbeatable convenience. The front brick duplex at 824/828 Elmwood Street features a covered front porch & a covered rear second‑floor porch. Each unit offers 5 bedrooms & 2 full bathrooms, with leases in place through July 31, 2026. Current lease amounts: Unit #824 is $1, 625/month & Unit #828 Elmwood is $1, 650/month. Tenants pay electric, cable/internet, & natural gas. The rear wood‑sided duplex at 830/832 Elmwood Street boasts a new shingle roof installed in 2025. Unit 830 includes 1 bedroom & 1 full bathroom with a lease amount of $1, 025/month, while Unit 832 offers 4 bedrooms & 1 full bathroom with a lease amount of $1, 425/month. Leases are secured through July 31, 2026. Tenants pay electric and cable/internet, while the owner covers natural gas for these units. This fully leased property offers secured rental agreements through 2026, ensuring reliable future income & long‑term potential in one of the most desirable areas of Happy Valley.
