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824 Elmwood St , State College, PA 16801
$845,000
Est. Payment: $4,564.84/mo
9 Bed
6 Bath
7680 Sqft
1.17 Acres
Status: active | Days on site: 52
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REMAXCR1 - 3347331
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Steven Bodner , 8143602924 RE/MAX Centre Realty , 8142318200. Bright MLS

Property Type

Multi-Family
Lot/Acreage
1.17

Year Built

1937

County

Centre

Area

College Twp (16419)

 Neighborhood

Lemont

 School District

State College Area

Listing ID

PACE2520596

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:9
  • ▪ Bathrooms:6
  • ▪ Full Bathrooms:6
Floor:Hardwood,Laminated,Vinyl
Above Ground Sq Ft:7680
Basement:Full
Other:
  • ▪ Additional:Attic, Built-Ins, Wood Floors
Water:Public

Exterior Features

Lot:Stream/Creek,Not New Construction,Horse Property: No,Waterfront
Lot Dimensions:0.00 x 0.00
Garage Capacity:9
Zoning:Village
Roof:Shingle
Sewer:Public Sewer
Parking Features:Asphalt Driveway,Driveway,Off Street,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$4,565
Taxes
$617

Home Price

$845,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$169,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,564.84

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,564.84 $616.58 $0.00 $5,181.42
Yearly $54,778.04 $7,399.00 $0.00 $62,177.04
Total $1,643,341.05 $221,970.00 $0.00 $1,865,311.05
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (State College, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS