Primary on Main
Listed By:
David Fonash with Continental Real Estate Management - 8142381598;
Address
240 E Mccormick Avenue, State College, PA
Price
$ 499,000
Property Attributes
  • MLS#PACE2520636
  • TypeSingle Family
  • Listing Status ACTIVE
  • CountyCENTRE
  • CityState College
  • AreaState College Boro
  • NeighborhoodState College Boro
  • Zip16801
  • StyleCape Cod
  • Year Built1953
  • Taxes$ 4911
  • Price$ 499,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2071
  • Lot Size0.28 Acres
Data Source:
Bright MLS
Property 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.

Elementary School Middle School High School
Easterly Parkway Elementary School Mount Nittany Middle School State College Area High School
Price History
9/16/2026 Listed $499,000

General Features

Living Area 2071
Sewer Private Sewer
Heating Forced Air
Cooling None
Utilities Electric Available,Phone Available,Sewer Available,Water Available
Possession Negotiable
Roof Shingle
Zoning R1
Garage Spaces 1.00
Patio/Porch Features Porch(es)
Architectural Style Cape Cod
Construction Materials Brick
School District STATE COLLEGE AREA
Exclusions Electric fireplace insert and the switch plate (says Outen the Light) from the upstairs room to the left. Dehumidifier.
Year Built 1953
Levels 1.5
Tax Year 2026
Ownership Fee Simple
Cool Fuel None
Accessibility None
County CENTRE
New Construction No
Property Type Residential
HOA No
Subdivision Name STATE COLLEGE BORO
Garage Y/N Yes
Water Access Y/N No
Other Structures Above Grade,Below Grade
Full Baths 2
Status ACTIVE
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,a
City STATE COLLEGE
Disclosures Rental Permits
Senior Community Y/N No
MLS Area State College Boro (16436)
Lot Size Units Square Feet
Lot Size Square Feet 12197.00
Tax Assessed Value 56115.0
Tax Annual Amount 4911.0
Structure Type Detached
Condo/Coop Association fee Y/N No
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft Total AG 367.99
Acceptable Financing Cash,Conventional,FHA,VA
Historic Y/N No
Vacation Rental Y/N No
Total SQFT 2271
Standard Status Active
Year Built Source Assessor

Interior Features

Heating Fuel Oil
Basement Full,Partially Finished
Flooring Hardwood
Total Fireplaces 2
Fireplace Features Wood
Hot Water Electric
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N Yes
Above Grade Finished Area 1356
Central Air Y/N No
Total Bedrooms 4
Below Grade Finished Area 715
Main Level Bedrooms 2
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Assessor
Below Grade Unfin Area Units Square Feet
Below Grade Unfin SQFT 200
Below Grade Finished Area Source Assessor
Bedrooms Count All Upper Levels 2
Bedrooms Count Upper Level 1 2
Bathrooms Full Upper Level 1 1
Bathrooms Full All Upper Levels 1
Bathrooms Count Upper Level 1 1.00
Bathrooms Count All Upper Levels 1
Above Grade Unfin Area Units Square Feet
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2

Exterior Features

Exterior Amenities Sidewalks
Pool No Pool
Parking Features Paved Driveway
Lot Features Year Round Access
Water Source Public
Inclusions Refrigerator,stove,dishwasher,washer,dryer
Total Parking Spaces 1
Garage Features Garage - Front Entry,Inside Access
Type of Parking Attached Garage
Foundation Details Block
Water View Y/N No
Lot Size Acres 0.28
Road Surface Type Paved
Lot Size Source Assessor
Waterfront Y/N No
Horse Y/N No
Land Assessed Value 15315.00
Navigable Water Y/N No
Water Oriented Y/N No
# of Attached Garage Spaces 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 16801

Price
AVG $780K
$500K
Taxes
AVG $6,873
$4,911
Year Built
AVG 1991
1953
Visits
AVG 364
5
Data Provided by Inside Real Estate®

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