This charming historic home with a detached income producing apartment on Penns Creek is a rare find! Experience the perfect blend of vintage appeal, modern versatility, and serene living just outside the village of Coburn. Situated on a beautifully landscaped quarter acre lot, this property features a stunningly maintained 3-bedroom, 2-bathroom Arts and Crafts style main home, paired with a highly desirable, detached legal 850 sq. ft. accessory dwelling. The main residence, with its timeless elegance, effortlessly balances character with comfortable, functional living spaces. Boasting plentiful natural light, classic architectural details, and a welcoming floor plan, this unique home is the peaceful retreat you're looking for. Relax on the enclosed porches, front stoop, side deck, or back patio and enjoy peaceful morning coffee surrounded by mature gardens while listening to the soothing sounds of the world-class trout waters of Penns Creek, just across the road. The crown jewel of this property is the separate, detached carriage house and oversized one car garage, which offers premium rental income & total flexibility. Featuring an independent, fully modern one bedroom apartment, this secondary unit offers massive financial utility. Significantly offset your mortgage payment by placing a long-term tenant or maximizing your returns as a short-term rental for PSU football weekends, graduations, and fly-fishing tourists. It's also perfect for multi-generational living, a guest retreat, or a private, quiet remote-work studio. Close to Coburn Park, down the road from the Elk Creek Cafe, Pisano Winery, and the Meandering Mallard Coffee House in Millheim, not far from Woodward Camp, and about 35 minutes to Penn State's Campus. Just a scenic drive from State College or Lewisburg, whether you are looking for a peaceful primary residence with built-in rental income or a savvy investment property in the highly sought-after Penns Valley area, this Coburn gem delivers unparalleled value.