Primary: (717) 718-8627 | Office:(717) 235-9050
SQUARE FEET7,680
MLS#PACE2517818
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLEMONT
SCHOOLSTATE COLLEGE AREA
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: None
Fuel Type: Natural Gas
Heating: Hot Water
Home Style: Traditional
Lot Size: 1.17 Acres
Roof Type: Shingle
Taxes: $7,200
Year Built: 1937
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Exterior: Brick
Flooring: Hardwood, Vinyl, Laminated
Interior: Attic, Built-Ins, Wood Floors
Lot: Stream/Creek
Lot Dimensions: 1.17 Acre(S)
Municipality: COLLEGE TWP
Number of Rooms: 15
Parking Notes: Asphalt Driveway
Sewer: Public Sewer
Special View Info: Creek/Stream, Trees/Woods
Structure Type: Twin/Semi-Detached
Three Bedroom Units: 2
Two Bedroom Units: 2
Units: 4
Utilities: Electric Available
Water: Public
Local Schools
School District: STATE COLLEGE AREA
Listed By / Shown By
Listed By
Agency Name: Prime Realty Services
Agency Phone: 7173052600
Shown By
Agent Name: The Jodi Reineberg Monti Joines Donna Troupe Team
Agent Phone: Primary: (717) 718-8627
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 2,802.58 per month $1,947.37 Principal & Interest $600.00 Property Tax $255.21 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
824 Elmwood Street | MLS# PACE2517818
This multi-family property located at 824 Elmwood Street, State College, PA 16801 is currently listed for sale with an asking price of $875,000. Elmwood Street is located within the STATE COLLEGE AREA school district. Search State College real estate on www.rjtteam.com today.