Your Key to the Main Line, Philadelphia, and its Surrounding Suburbs
BEDS0
BATHS
SQUARE FEET2,981
MLS#PACE2515936
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLEMONT
SCHOOLSTATE COLLEGE AREA
Property Description
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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Interior Access, Outside Entrance, Partially Finished
Basement: Yes
Cooling: None
Fireplaces: 1
Fuel Type: Natural Gas
Heating: Baseboard - Hot Water
Home Style: Traditional
Lot Size: 0.34 Acres
Roof Type: Architectural Shingle, Metal
Taxes: $4,688
Year Built: 1880
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer
Days on Site: 202
Exterior: Shake Siding, Shingle Siding, Stucco, Vinyl Siding
Flooring: Hardwood, Luxury Vinyl Plank, Vinyl
Interior: Built-Ins
Location: Suburban
Lot: Rear Yard
Lot Dimensions: 0.34 Acre(S)
Municipality: COLLEGE TWP
One Bedroom Units: 3
Parking Notes: Paved Parking
Sewer: Public Sewer
Structure Type: Detached
Total Garage/Parking Spaces: 4
Two Bedroom Units: 1
Units: 4
Water: Public
Windows: Double Hung, Storm, Vinyl Clad, Wood Frame
Local Schools
School District: STATE COLLEGE AREA
Listed By / Shown By
Listed By
Agency Name: Kissinger, Bigatel & Brower
Agency Phone: 8142344000
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
Estimate Your Payment
Estimated Payment
$ 2,878.73 per month $2,345.44 Principal & Interest $390.67 Property Tax $142.63 Homeowner's Insurance
829-833 Elmwood Street | MLS# PACE2515936
This multi-family property located at 829-833 Elmwood Street, State College, PA 16801 is currently listed for sale with an asking price of $489,000. 829-833 Elmwood Street is located within the STATE COLLEGE AREA school district. Search State College real estate on www.duffyrealestate.com today.