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Step into the charm and potential of this 1880s home located in the heart of Millheim. This 3-bedroom, 1-bath property offers a unique opportunity for both homeowners and investors alike, blending historic character with future upside. The fully finished downstairs provides a comfortable and functional living space, featuring beautiful original hardwood floors in select rooms that highlight the timeless craftsmanship of the home. With key living areas already complete, this property is move-in ready while still offering room to grow. Upstairs, you'll find incredible potential to expand and customize to your needs. Whether you envision additional bedrooms, a second living space, or a full renovation, the upper level is a blank canvas waiting to be transformed. The attic space adds even more opportunity for finishing, storage, or creative use. This layout makes the home ideal for a buyer looking to live comfortably on the main level while completing renovations upstairs over time. For investors, the property presents strong potential to be converted into a multi-unit, creating a cash-flowing asset in a desirable small-town location. Situated in Millheim, you'll enjoy the charm of a quiet community while still being conveniently located just 15 minutes from Centre Hall and approximately 30 minutes from State College, offering easy access to shopping, dining, and Penn State. Whether you're looking for a place to call home with room to grow or your next investment opportunity, this property delivers character, flexibility, and long-term value.

Source: BRIGHT MLS, MLS#: PACE2518246

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  • Property Type
    Residential
  • Lot
    0.19 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 116 PENN STREET


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/9/2026Source: BRIGHT MLS Price Reduction
$185,000 -0.5%
5/8/2026Source: BRIGHT MLS Price Reduction
$186,000 -0.5%
4/20/2026Source: BRIGHT MLS Price Reduction
$187,000 -1.1%
3/26/2026Source: BRIGHT MLS Added to Database
March 26, 2026
Listing provided courtesy of EXP Realty, LLC- MLS# PACE2518246MLS ProviderContact Information: [email protected] - 8883977352