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Pending
    • $499,000

    240 E McCormick Ave, State College, PA 16801

    4beds
    2,071sqft
    : 
    $3,281/mo
    Get pre-qualified
    Single Family Residence
    Built in 1953
    0.28 Acres Lot
    $494,100 Zestimate®
    $241/sqft
    $-- HOA

    What's special

    Classic brick exteriorPartially finished basementAttached garageCharming cape cod-style homeWelcoming front porchFour bedrooms
    Generating $3,800 per month in rental income, this charming Cape Cod-style home, built in 1953 and rich with football history, presents an excellent investment opportunity in the highly desirable State College Borough. The property includes a rental permit allowing occupancy by up to four unrelated individuals and is currently tenant-occupied with leases in place through July 31, 2027, providing immediate and stable cash flow. Situated on a spacious 0.28-acre lot, this well-maintained home features a classic brick exterior and offers approximately 2,071 finished square feet of living space. The interior includes four bedrooms and two full bathrooms, providing ample room for tenants. A partially finished basement offers additional living, recreational, or storage space, creating further value and potential rental appeal. Exterior amenities include a welcoming front porch, sidewalks, an attached garage, and a paved driveway with additional off-street parking. With its prime location, strong rental history, and long-term tenants already in place, this property is an attractive opportunity for investors looking to capitalize on the robust State College rental market. Tenant occupied. A minimum of 24-hour notice is required for all showings.
    37 days
    379
    7

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    David Fonash 814-308-4768,

    Continental Real Estate Management 8142381598,

    Listing Team: Fonash And Walk Team, Co-Listing Team: Fonash And Walk Team,Co-Listing Agent: Angela R Walk 814-359-8384,

    Continental Real Estate Management

    Source: Bright MLS,MLS#: PACE2520636MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Basement
      • Area: 915
      Heating
      • Forced Air, Oil
      Cooling
      • None
      Appliances
      • Included: Electric Water Heater
      Features
      • Flooring: Hardwood
      • Basement: Full,Partially Finished
      • Number of fireplaces: 2
      • Fireplace features: Wood Burning
      Interior area
      • Total structure area: 2,271
      • Total interior livable area: 2,071 sqft
      • Finished area above ground: 1,356
      • Finished area below ground: 715

      Property

      Parking
      • Total spaces: 1
      • Parking features: Garage Faces Front, Inside Entrance, Driveway, Attached
      • Attached garage spaces: 1
      • Has uncovered spaces: Yes
      • Details: Garage Sqft: 264
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One and One Half
      • Stories: 1.5
      • Patio & porch: Porch
      • Exterior features: Sidewalks
      • Pool features: None
      Lot
      • Size: 0.28 Acres
      • Features: Year Round Access
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 36018,3680000
      • Zoning: R1
      • Zoning description: R1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cape Cod
      • Property subtype: Single Family Residence
      Materials
      • Brick
      • Foundation: Block
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1953

      Utilities & green energy

      • Sewer: Private Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Phone Available, Sewer Available, Water Available

      Community & HOA

      Community
      • Subdivision: State College Boro
      HOA
      • Has HOA: No
      Location
      • Region: State College
      • Municipality: STATE COLLEGE BORO

      Financial & listing details

      • Price per square foot: $241/sqft
      • Tax assessed value: $56,115
      • Annual tax amount: $4,911
      • Date on market: 9/16/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Inclusions: Refrigerator, Stove, Dishwasher, Washer, Dryer
      • Exclusions: Electric Fireplace Insert And The Switch Plate (says Outen The Light) From The Upstairs Room To The Left. Dehumidifier.
      • Ownership: Fee Simple
      • Road surface type: Paved

        Estimated market value

        $494,100

        $469,000 - $519,000

        $2,454/mo

        Price history

        DateEventPrice
        9/29/2026Pending sale$499,000$241/sqft
        Source: Bright MLS #PACE2520636 Report a problem
        9/16/2026Listed for sale$499,000+56%$241/sqft
        Source: Bright MLS #PACE2520636 Report a problem
        11/3/2025Listing removed$3,800$2/sqft
        Source: Zillow Rentals Report a problem
        10/10/2025Listed for rent$3,800$2/sqft
        Source: Zillow Rentals Report a problem
        11/10/2021Sold$319,900$154/sqft
        Source: Bright MLS #PACE2432230 Report a problem
        10/8/2021Pending sale$319,900$154/sqft
        Source: Centre County Association of Realtors #73050 Report a problem
        10/1/2021Price change$319,900+0%$154/sqft
        Source: Centre County Association of Realtors #73050 Report a problem
        8/13/2021Price change$319,895-5.9%$154/sqft
        Source: RE/MAX International #71718 Report a problem
        8/9/2021Price change$339,975-2.8%$164/sqft
        Source: RE/MAX International #71718 Report a problem
        7/13/2021Price change$349,900-2.8%$169/sqft
        Source: RE/MAX International #71718 Report a problem
        5/11/2021Listed for sale$359,900$174/sqft
        Source: RE/MAX International #71718 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,413 +1.7%$56,115
        2023$4,339 +7.1%$56,115
        2022$4,051 +13.1%$56,115
        2021$3,582 +12.2%--
        2020$3,193 +2.4%$49,625
        2019$3,119 +39%$49,625
        2018$2,243 $49,625
        2017-- $49,625
        2016-- $49,625
        2015-- $49,625
        2014-- $49,625
        2013-- $49,625
        2012-- $49,625
        2011-- $49,625
        2010-- $49,625
        2009-- $49,625
        2006-- $49,625
        2005-- $49,625
        2004-- $49,625
        2003-- $49,625
        2002-- $49,625
        2000-- $49,625
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 16801

        Getting around

        68 / 100
        Somewhat Walkable
        39 / 100
        Some Transit
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Easterly Parkway
        • Middle: Mount Nittany
        • High: State College Area
        • District: State College Area

        Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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