829-833 Elmwood Street • State College, PA 16801

$489,000 • Beds: 0 • Baths: • Sq. Feet: 2981 • MLS ID: PACE2515936 • Subdivision: LEMONT • School Dist: STATE COLLEGE AREA
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! View this listing at: http://www.homesalecareers.com/mls=PACE2515936

Property Features

  • Taxes: $4,688
  • Basement: Yes
  • Roof Type: Architectural Shingle,Metal
  • Exterior: Shake Siding,Shingle Siding,Stucco,Vinyl Siding
  • Parking Notes: Paved Parking
  • Lot Size: 0.34 Acres
  • Lot Dimensions: 0.34 Acre(S)
  • Heating: Baseboard - Hot Water
  • Fuel Type: Natural Gas
  • Cooling: None
  • Year Built: 1880
  • Fireplaces: 1
  • Water: Public
  • Sewer: Public Sewer
  • Units: 4
  • One Bedroom Units: 3
  • Two Bedroom Units: 1
  • Municipality: COLLEGE TWP
  • Additional Structures: Above Grade,Below Grade
  • Location Description: Suburban
  • Lot Description: Rear Yard
  • Structure Type: Detached
  • Total Garage/Parking Spaces: 4
  • Appliances: Dishwasher,Dryer - Electric,Oven/Range - Electric,Refrigerator,Washer
  • Basement: Full,Interior Access,Outside Entrance,Partially Finished
  • Interior: Built-Ins
  • Flooring: Hardwood,Luxury Vinyl Plank,Vinyl
  • Windows: Double Hung,Storm,Vinyl Clad,Wood Frame

School Information

  • School District: STATE COLLEGE AREA
Printed April 01, 2026

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