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!
For sale
Price cut: $11K (10/13)
$518,000
829-833 Elmwood St, State College, PA 16801
5beds
5baths
2,981sqft
Est.:
Quadruplex
Built in 1880
-- sqft lot
$507,400 Zestimate®
$174/sqft
$-- HOA
What's special
Two-story two-bedroom apartmentLarge one-bedroom apartmentCharming one-bedroom apartments
- 75 days |
- 591 |
- 18 |
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