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For sale
    • $875,000

    824 Elmwood St, State College, PA 16801

    15beds
    6baths
    7,680sqft
    : 
    $5,576/mo
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    Quadruplex
    Built in 1937
    -- sqft lot
    $-- Zestimate®
    $114/sqft
    $-- HOA

    What's special

    All-brick duplexWood-sided duplexWater viewsCovered porches
    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.
    140 days
    |
    331
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Satish Brahmbhatt 561-631-2389,

    Prime Realty Services 7173052600,

    Co-Listing Agent: Krish R Patel 717-887-5032,

    Prime Realty Services

    Source: Bright MLS,MLS#: PACE2517818MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 15
      • Bathrooms: 6
      Basement
      • Area: 0
      Heating
      • Hot Water, Natural Gas
      Cooling
      • None
      Appliances
      • Included: Gas Water Heater
      Features
      • Attic, Built-in Features, 9'+ Ceilings, Plaster Walls
      • Flooring: Hardwood, Vinyl, Laminate, Wood
      • Basement: Full
      • Has fireplace: No
      Interior area
      • Total structure area: 7,680
      • Total interior livable area: 7,680 sqft

      Property

      Parking
      • Parking features: Asphalt, Driveway, Off Street, Parking Lot
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Patio & porch: Porch, Roof
      • Exterior features: Balcony
      • Pool features: None
      • Has view: Yes
      • View description: Creek/Stream, Trees/Woods
      • Has water view: Yes
      • Water view: Creek/Stream
      Lot
      • Size: 1.17 Acres
      • Features: Stream/Creek
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 19014,017A,0000
      • Zoning: V
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Quadruplex
      Materials
      • Brick
      • Foundation: Other
      • Roof: Shingle
      Condition
      • Excellent
      • New construction: No
      • Year built: 1937

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available

      Community & HOA

      Community
      • Subdivision: Lemont
      Location
      • Region: State College
      • Municipality: COLLEGE TWP

      Financial & listing details

      • Price per square foot: $114/sqft
      • Tax assessed value: $107,630
      • Annual tax amount: $7,200
      • Date on market: 3/6/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Conventional,Cash,Bank Portfolio
      • Inclusions: Stove, Fridge, Washer And Dryer.
      • Ownership: Fee Simple
      • Total actual rent: 68700

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,329/mo

        Price history

        DateEventPrice
        3/6/2026Listed for sale$875,000$114/sqft
        Source: Bright MLS #PACE2517818 Report a problem

        Public tax history

        Tax history is unavailable.

        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 16801

        Getting around

        49 / 100
        Car-Dependent
        29 / 100
        Some Transit
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • 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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