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
$545,000
829-833 Elmwood St, State College, PA 16801
5beds
5baths
2,981sqft
Est.:
Quadruplex
Built in 1880
-- sqft lot
$523,400 Zestimate®
$183/sqft
$-- HOA
What's special
Two-story two-bedroom apartmentLarge one-bedroom apartmentCharming one-bedroom apartments
- 13 days
- on Zillow |
- 678 |
- 27 |
Zillow last checked: 7 hours ago
Listing updated: August 14, 2025 at 05:38am
Listed by:
Scott Shamrock 814-360-5163,
Kissinger, Bigatel & Brower (814) 234-4000
Source: Bright MLS,MLS#: PACE2515936

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Basement
- Area: 1221
Heating
- Baseboard, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer, Electric Water Heater
Features
- Built-in Features, Dry Wall, Paneled Walls, Plaster Walls
- Flooring: Hardwood, Luxury Vinyl, Vinyl
- Windows: Double Hung, Storm Window(s), Vinyl Clad, Wood Frames
- Basement: Full,Interior Entry,Exterior Entry,Partially Finished
- Number of fireplaces: 1
Interior area
- Total structure area: 3,996
- Total interior livable area: 2,981 sqft
Property
Parking
- Total spaces: 4
- Parking features: Paved, Off Street
Accessibility
- Accessibility features: None
Features
- Patio & porch: Deck, Porch
- Pool features: None
Lot
- Size: 0.34 Acres
- Features: Rear Yard, Suburban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 19014,010C,0000
- Zoning: V
- Zoning description: Village
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
Materials
- Shake Siding, Shingle Siding, Stucco, Vinyl Siding
- Foundation: Block, Stone
- Roof: Architectural Shingle,Metal
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Lemont
Location
- Region: State College
- Municipality: COLLEGE TWP
Financial & listing details
- Price per square foot: $183/sqft
- Tax assessed value: $70,080
- Annual tax amount: $4,688
- Date on market: 8/14/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Bank Portfolio,Cash,Conventional
- Inclusions: Kitchen Appliances
- Exclusions: Tenant Personal Property
- Ownership: Fee Simple
- Road surface type: Paved
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