240 E McCormick AvenueState College, PA 16801

Description

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Structure type

House

Year built

1953

Living area

2,071 Sq Ft

Lot size

0.28 acres

Garage spaces

1

Parking spaces

1

Zoning

R1

Days on market

14

MLS^® Listing#

PACE2520636

Property Features

Appliances

Electric Water Heater

Cooling

None

Heating

Oil · Forced Air

Flooring

Hardwood

Fireplace

Wood Burning

Basement

Full · Partially Finished

Pool

None

Parking

Garage · Inside Entrance · Attached

Patio

Porch

Construction

Brick

Foundation

Block

Roof

Shingle

Community

Sidewalks

Utilities

Phone Available · Sewer Available · Water Available · Electricity Available

Sewer

Private Sewer

Water source

Public

Schools

Elementary

EASTERLY PARKWAY

Middle

MOUNT NITTANY

High

STATE COLLEGE AREA

District

STATE COLLEGE AREA

Financial Details

HOA

None

Annual taxes

$4,911Tax year 2026

Assessed value

$56,115

Parcel number

36-018-,368-0000

Directions

From S. Atherton Street, take Westerly Parkway east for about a mile, then turn left onto S. Pugh Street. Continue a short distance and turn right onto E. McCormick Avenue. Follow E. McCormick Avenue, and 240 E. McCormick Avenue will be on your right.