Description
Excellent Investment Opportunity in State College. Add two fully rented duplexes to your portfolio with this rare offering on Elmwood Street. Situated on 1.17 acres backing to Spring Creek in a fantastic location near Glenn Park, Slab Cabin Park & the beloved village of Lemont, plus shopping, local eateries, downtown State College, Penn State University & quick access to Route 322/Mt. Nittany Expressway, this property combines strong rental history with unbeatable convenience. The front brick duplex at 824/828 Elmwood Street features a covered front porch & a covered rear second‑floor porch. Each unit offers 5 bedrooms & 2 full bathrooms, with leases in place through July 31, 2026. Current lease amounts: Unit #824 is $1,625/month & Unit #828 Elmwood is $1,650/month. Tenants pay electric, cable/internet, & natural gas. The rear wood‑sided duplex at 830/832 Elmwood Street boasts a new shingle roof installed in 2025. Unit 830 includes 1 bedroom & 1 full bathroom with a lease amount of $1,025/month, while Unit 832 offers 4 bedrooms & 1 full bathroom with a lease amount of $1,425/month. Leases are secured through July 31, 2026. Tenants pay electric and cable/internet, while the owner covers natural gas for these units. This fully leased property offers secured rental agreements through 2026, ensuring reliable future income & long‑term potential in one of the most desirable areas of Happy Valley.
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0BEDS
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1.17ACRES
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0BATHS
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01/2 BATHS
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3,034SQFT
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$296$/SQFT
Description
Excellent Investment Opportunity in State College. Add two fully rented duplexes to your portfolio with this rare offering on Elmwood Street. Situated on 1.17 acres backing to Spring Creek in a fantastic location near Glenn Park, Slab Cabin Park & the beloved village of Lemont, plus shopping, local eateries, downtown State College, Penn State University & quick access to Route 322/Mt. Nittany Expressway, this property combines strong rental history with unbeatable convenience. The front brick duplex at 824/828 Elmwood Street features a covered front porch & a covered rear second‑floor porch. Each unit offers 5 bedrooms & 2 full bathrooms, with leases in place through July 31, 2026. Current lease amounts: Unit #824 is $1,625/month & Unit #828 Elmwood is $1,650/month. Tenants pay electric, cable/internet, & natural gas. The rear wood‑sided duplex at 830/832 Elmwood Street boasts a new shingle roof installed in 2025. Unit 830 includes 1 bedroom & 1 full bathroom with a lease amount of $1,025/month, while Unit 832 offers 4 bedrooms & 1 full bathroom with a lease amount of $1,425/month. Leases are secured through July 31, 2026. Tenants pay electric and cable/internet, while the owner covers natural gas for these units. This fully leased property offers secured rental agreements through 2026, ensuring reliable future income & long‑term potential in one of the most desirable areas of Happy Valley.
©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Schiff Home Team | eXp Realty LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-01-16T09:54:03.713.