$518,000
829-833 Elmwood St, State College, PA, 16801
2,981
Square feet
0.34
Acres
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!
Listing Details
| Office | Kissinger, Bigatel & Brower |
|---|---|
| Contact Info | (814) 234-4000 |
Facts & Features
| MLS® # | PACE2515936 |
|---|---|
| Price | $518,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,981 |
| Acres | 0.34 |
| Year Built | 1880 |
| Type | Multi-Family |
| Sub-Type | Quad, Detached |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 829-833 Elmwood St |
|---|---|
| Area | College Twp (16419) |
| Subdivision | LEMONT |
| City | State College |
| County | CENTRE-PA |
| State | PA |
| Municipality | COLLEGE TWP |
| Zip Code | 16801 |
| Senior Community | No |
Amenities
| Amenities | Built-Ins |
|---|---|
| Parking | Paved Parking |
| Is Waterfront | No |
Interior
| Appliances | Dishwasher, Dryer - Electric, Oven/Range-Electric, Refrigerator, Washer |
|---|---|
| Heating | Baseboard - Hot Water |
| Cooling | None |
| Has Basement | Yes |
| Basement | Full, Interior Access, Outside Entrance, Partially Finished |
| Fireplace | Yes |
| # of Fireplaces | 1 |
Exterior
| Exterior | Shake, Shingle, Stucco, Vinyl Siding |
|---|---|
| Exterior Features | Deck(s), Porch(es) |
| Lot Description | Rear Yard |
| Windows | Double Hung, Storm, Vinyl Clad, Wood Frame |
| Roof | Architectural Shingle, Metal |
| Foundation | Block, Stone |
| Other Structures | Garage(s) |
School Information
| District | STATE COLLEGE AREA |
|---|
Additional Information
| Date Listed | August 14th, 2025 |
|---|---|
| Days on Market | 81 |
| Zoning | V |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |