About 824 Elmwood St
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.
Features of 824 Elmwood St
| MLS® # | PACE2517818 |
|---|---|
| Price | $875,000 |
| Bathrooms | 0.00 |
| Square Footage | 7,680 |
| Acres | 1.17 |
| Year Built | 1937 |
| Type | Multi-Family |
| Sub-Type | Quadruplex,Twin/Semi-Detached |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 824 Elmwood St |
|---|---|
| Area | College Twp |
| Subdivision | LEMONT |
| City | STATE COLLEGE |
| County | CENTRE-PA |
| State | PA |
| Municipality | COLLEGE TWP |
| Zip Code | 16801 |
Amenities
| Amenities | Attic, Built-Ins, Wood Floors |
|---|---|
| Utilities | Electric Available |
| Parking | Asphalt Driveway |
| View | Creek/Stream, Trees/Woods |
| Is Waterfront | No |
Interior
| Heating | Hot Water |
|---|---|
| Cooling | None |
| Has Basement | Yes |
| Basement | Full |
| Fireplace | No |
| # of Stories | 4 |
Exterior
| Exterior | Brick |
|---|---|
| Exterior Features | Porch(es),Roof,Balcony |
| Lot Description | Stream/Creek |
| Roof | Shingle |
| Construction | Brick |
| Foundation | Other |
School Information
| District | STATE COLLEGE AREA |
|---|
Additional Information
| Date Listed | March 6th, 2026 |
|---|---|
| Days on Market | 188 |
| Zoning | V |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | SERHANT PENNSYLVANIA LLC |
|---|