240 E Mccormick Ave, State College, PA 16801
Local realty services provided by:ERA Martin Associates
240 E Mccormick Ave,State College, PA 16801
$499,000
- 4 Beds
- 2 Baths
- 2,071 sq. ft.
- Single family
- Active
Listed by: david fonash, angela r walk
Office: continental real estate management
MLS#:PACE2520636
Source:BRIGHTMLS
Price summary
- Price:$499,000
- Price per sq. ft.:$240.95
About this home
Generating $3,800 per month in rental income, this charming Cape Cod-style home, built in 1953 and rich with football history, presents an excellent investment opportunity in the highly desirable State College Borough. The property includes a rental permit allowing occupancy by up to four unrelated individuals and is currently tenant-occupied with leases in place through July 31, 2027, providing immediate and stable cash flow.
Situated on a spacious 0.28-acre lot, this well-maintained home features a classic brick exterior and offers approximately 2,071 finished square feet of living space. The interior includes four bedrooms and two full bathrooms, providing ample room for tenants. A partially finished basement offers additional living, recreational, or storage space, creating further value and potential rental appeal.
Exterior amenities include a welcoming front porch, sidewalks, an attached garage, and a paved driveway with additional off-street parking. With its prime location, strong rental history, and long-term tenants already in place, this property is an attractive opportunity for investors looking to capitalize on the robust State College rental market.
Tenant occupied. A minimum of 24-hour notice is required for all showings....
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Home facts
- Year built:1953
- Subdivision & Development:STATE COLLEGE BORO
- Listing ID #:PACE2520636
- Added:11 day(s) ago
- Updated:September 28, 2026 at 01:56 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Hardwood
- Basement:Yes
- Basement Description:Full, Partially Finished
- Living area:2,071 sq. ft.
Heating and cooling
- Heating:Forced Air, Oil
Structure and exterior
- Roof:Shingle
- Year built:1953
- Building area:2,071 sq. ft.
- Lot area:0.28 Acres
- Lot Features:Year Round Access
- Architectural Style:Cape Cod
- Construction Materials:Brick
- Exterior Features:Porch(es), Sidewalks
- Foundation Description:Block
- Levels:1 1/2 Story
Schools
- High school:STATE COLLEGE AREA
- Middle school:MOUNT NITTANY
- Elementary school:EASTERLY PARKWAY
Utilities
- Water:Public
- Sewer:Private Sewer
Finances and disclosures
- Price:$499,000
- Price per sq. ft.:$240.95
- Tax amount:$4,911 (2026)
Features and amenities
- Amenities:Electric Available, Phone Available
Parking
- Parking description:Attached Garage, Garage - Front Entry, Inside Access, Paved Driveway
- Garage:Yes
- Garage spaces:1
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