829-833 ELMWOOD ST Active Save Request In-Person Tour Request Virtual Tour
State College,PA 16801
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,981 sqft
Price per Sqft $182
Subdivision Lemont
MLS Listing ID PACE2515936
Style Traditional
Year Built 1880
Annual Tax Amount $4,688
Tax Year 2025
Lot Size 0.340 Acres
Property Sub-Type Detached
Property Description
FOUR (4) UNIT INVESTMENT PROPERTY near Penn State University, the Village of Lemont, and downtown State College. Ideal for investors or an owner-occupant seeking affordable living — live in one unit and lease the other three. Situated on a 0.34-acre lot, the property includes two duplex-style buildings: Units 829 Suite A and Suite B are charming one-bedroom apartments, 831 is a meticulously kept two-story, two-bedroom apartment, and 833 is a large one-bedroom apartment with a formal living room, fireplace, a sunroom, and a porch. All units are leased through 2026. With some renovation, an older attached garage offers potential for added storage or another income stream. With strong rental demand and room for future rent increases, this property presents an excellent long-term investment. 24 Hour Notice Required so schedule your showing today!
Location
State PA
County Centre
Area College Twp (16419)
Zoning V
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling None
Flooring Hardwood,Luxury Vinyl Plank,Vinyl
Fireplaces Number 1
Inclusions Kitchen appliances
Equipment Dishwasher,Dryer - Electric,Oven/Range - Electric,Refrigerator,Washer
Exterior
Exterior Feature Deck(s),Porch(es)
Garage Spaces 4.0
Water Access N
Roof Type Architectural Shingle,Metal
Building
Lot Description Rear Yard
Foundation Block,Stone
Sewer Public Sewer
Water Public
Structure Type Dry Wall,Paneled Walls,Plaster Walls
New Construction N
Schools
School District State College Area
Others
Acceptable Financing Bank Portfolio,Cash,Conventional
Listing Terms Bank Portfolio,Cash,Conventional
Special Listing Condition Standard