- – beds
- – baths
- 2,483 sqft
- ~1/2 acre lot
- $199 per sqft
- 1930 build
This meticulously maintained 3-UNIT INVESTMENT PROPERTY offers a rare opportunity near Penn State University, the Village of Lemont, and downtown State College. Perfect for an investor or homeowner seeking affordable living (Live in 1 Unit and Rent the Other 2 Units). Unit 124, located on the right side, is a two-story unit featuring two bedrooms, one bathroom, a kitchen, living room, dining room, and laundry in the basement. Recently updated, it showcases refinished hardwood floors, fresh paint, modern kitchen appliances, and an upgraded bathroom. Unit 124A, situated to the left of Unit 124, is a two-story, one-bedroom unit with an open-concept main level and a private bedroom suite with a vaulted ceiling on the second floor. It is currently leased through October 31st at $815/month, with the tenant responsible for all utilities. Unit 124B, located on the lower level, offers an open floor plan with a galley-style kitchen, a separate office area, its own laundry room, and an enclosed porch. This unit is leased through August 1st, for $835/month, with the tenant paying all utilities. Property improvements include new vinyl siding and decorative gingerbread trim, a new metal roof, composite decking, and a new steel chimney liner—all completed within the last three years. With the potential for substantial future rent increases, investment properties of this caliber are seldom available. Schedule your showing today!
Last checked:
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Last updated Jul 11, 2025
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MLS# PACE2515274 —
The Building
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Year Built:1930
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Year Built Source:Assessor
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Roof:Metal
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New Construction:No
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Construction Materials:Vinyl Siding
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Building Units Total:3
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Structure Type:Detached
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Architectural Style:Traditional, Victorian
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Security Features:Smoke Detector
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Window Features:Double Hung, Vinyl Clad
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Accessibility Features:None
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Foundation Details:Block
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Basement:Yes
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Basement Type:Partially Finished
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Total SqFt Source:Estimated
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Total Below Grade SqFt:1341
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Total Below Grade SqFt Source:Estimated
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Tax Total Finished SqFt:2698
Interior
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Interior Features:Attic, Bathroom - Walk-In Shower, Built-Ins, Dining Area, Wood Floors
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Flooring Type:Carpet, Ceramic Tile, Hardwood
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Fireplace:No
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Wall & Ceilings:Dry Wall, Paneled Walls, Plaster Walls
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2924
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Living Area SqFt:2,483 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Bank Portfolio, Cash, Conventional
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Possession:Settlement
Location
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Directions:East College Avenue to Elmwood Street. Straight through stop light. Elmwood Street becomes Boalsburg Road. Property on the right.
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Latitude:40.80734940
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Longitude:-77.81847536
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Location Type:Suburban
The Property
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Property Subtype:Triplex
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Property Type:Multi-Family
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Property Condition:Very Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.43
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Lot Size Source:Assessor
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Lot Features:Rear Yard
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Lot SqFt:18,731 Sqft
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Inclusions:Unit 124: Range, Washer, Dryer Unit 124A: Range, Refrigerator Unit 124B: Range, Refrigerator, Washer, Dryer
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Exclusions:Picnic table, Firepit
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Zoning Description:Residential
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Zoning:R1
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Road Surface Type:Paved
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Road Responsibility:Boro/Township
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Outdoor Living Structures:Porch(es)
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (814) 360-5163
- Office phone:
- (814) 234-4000
Taxes
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Tax ID Number:19-014-,087-,0000-
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Tax Year:2024
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Tax Annual Amount:$2,963
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Tax Assessed Value:$45,675
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Year Assessed:2024
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School Tax:2326.0
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County Tax:358.00
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City/Town Tax:2749.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Electric, Forced Air
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Heating Fuel:Electric, Oil
Utilities
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Sewer/Septic:Public Sewer
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Electric Service:200+ Amp Service, Circuit Breakers, Fuses
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Hot Water:Electric
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Water Source:Public
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Internet Services:Cable
Appliances
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Appliances:Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Schools
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School District Name:State College Area
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School District Source:Listing Agent
The Community
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Subdivision Name:Lemont
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Pool:No Pool
Parking
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Total Garage and Parking Spaces:6
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Garage:No
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Type of Parking:Off Street
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Parking Features:Gravel Driveway
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Off Street - # of Spaces:6
Extra Units
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Other Units:Unit 1,Unit 2,Unit 3
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Vacation Rental:No
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Units Furnished:None
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One Bedroom Units:2
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Two Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/11/25
Jul 11, 2025
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Price Changed | BRIGHT | $495,000 | -5.7% |
6/19/25
Jun 19, 2025
|
Listed / Active | BRIGHT | $525,000 |