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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
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: Prime Realty Services
Agency Phone: 7173052600
Shown By
Agent Name: Carolyn Corr
Agent Phone: (610) 220-1454
Agency Title: Duffy Real Estate, Inc.
Estimate Your Payment
Estimated Payment
$ 5,052.06 per month $4,196.85 Principal & Interest $600.00 Property Tax $255.21 Homeowner's Insurance
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 ccorr.duffyrealestate.com today.