About This Home

This 0-bedroom, 0-bathroom multi-family at 824 ELMWOOD Street in State College, PA is listed for $875,000 ($114 per sqft). Built in 1937, the home offers 7,680 sqft of living space on a 1.17 acres lot.

Key Features

  • Built in 1937
  • 1.17 acre lot
  • 9 parking spaces
  • Waterfront

Property Details

9 spaces
1937

Amenities

Waterfront
Listing Description

Lemont area four unit investment property with great rental history close to Penn State's Campus. Walking distance to the Village of Lemont, Cafe Lemont, Kamrai, Voodoo Brewery, Maine Bay and Berry, Happy Valley Brewery and more. A short distance to bike paths, Slab Cabin Park, and Mt.

Nittany's hiking trails. Two duplexes on one lot with the front duplex having 4 -5 bedrooms and 2 bathrooms per side and the rear duplex having a 2 bedroom unit and 1 bedroom unit. The units have hardwood floors, nice trim, and plentiful windows. There is a laundry room for tenant use, parking for eight vehicles, a nice 1.17 acre yard backing to Spring Creek, and outdoor living areas like porches and a deck.

A great location close to State College, Penn State, shopping, restaurants and highway access, plus it's on a bus line. Leases run through July 31, 2027 with gross rent of $75,600 for the 12 month period. Village zoning allows for many uses.

Monthly Cost Estimate

$4,680/mo

20% down · 6.5% · 30 years

Principal$633
Interest$3,792
Insurance$255

Estimates only. Actual payments may vary.

Location

824 ELMWOOD Street

State College, PA 16801

LEMONT

Features & Amenities

Interior Features

AtticBuilt-InsWood Floors

Property Details

Construction

Brick Wood Siding

Parking

Off StreetDrivewayParking Lot

Heating

Hot Water(Heating)

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 824 ELMWOOD Street is listed at $875,000 ($114/sqft). The estimated monthly payment is $4,679 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1937, 1.17 acre lot, 9 parking spaces, Waterfront. Interior Features: Attic, Built-Ins, Wood Floors.

This property is listed by Steven Bodner.

SB

Steven Bodner

License RS218863L

Agent at RE/MAX Centre Realty

Listed by RE/MAX Centre Realty · Broker phone: (814) 280-2177 · View on Broker Site · Broker website

MLS# PACE2520596· Source: Bright MLS· 38 days on PropertySimple

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

824 ELMWOOD Street, State College, PA 16801

Open this listing in: