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514 W Main Street

Elma, WA 98541
  • $500,000
  • STATUS: Active
  • MLS #: 2483635
UPDATED: 69 min ago
$500,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,340
    SQFT
  • $214
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1881
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of Epique Realty.
Mortgage Calculator is provided by BoomTown.

Description

Rare chance to own a versatile 4-plex in a high-visibility location directly across from the bus depot and within walking distance to schools, shopping, dining, laundromat, post office, and near the new hospital. Three 1-bed/1-bath units are currently leased, generating $3,730 per month in rental income, with unit 2 offering strong additional rental potential or the perfect owner-occupant setup. Units have been updated, and property features a newer roof and newer windows. Four off-alley parking spaces plus ample street parking. Strong rental history and individually metered units with tenants paying their own electricity and heating. Assumable VA loan at 2.3% interest rate, subject to lender approval. A rare opportunity in today’s market.

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MLS Grid logo

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tri-Cities Realty Group, LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-03-15T10:14:52.397. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2026-03-15T10:14:52.397. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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514 W Main Street Elma, WA 98541

  • Price: $500,000
  • Status: Active
  • On Site: Days
  • Updated: 69 min ago
  • MLS #: 2483635
0
Beds
0
Baths
0
½ Baths
0.19
Acres
2,340
SQFT
$214
$/SQFT
1881
Built
Neighborhood:
Elma
County:
Grays Harbor
Area:
Elma
Elementary School:
Elma Elem
Middle School:
Elma Mid
High School:
Elma High
School District:
Elma
Property Description
Rare chance to own a versatile 4-plex in a high-visibility location directly across from the bus depot and within walking distance to schools, shopping, dining, laundromat, post office, and near the new hospital. Three 1-bed/1-bath units are currently leased, generating $3,730 per month in rental income, with unit 2 offering strong additional rental potential or the perfect owner-occupant setup. Units have been updated, and property features a newer roof and newer windows. Four off-alley parking spaces plus ample street parking. Strong rental history and individually metered units with tenants paying their own electricity and heating. Assumable VA loan at 2.3% interest rate, subject to lender approval. A rare opportunity in today’s market.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Wood Lot Features AlleyCurbsPavedSidewalk Open Parking YN No Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View Territorial View YN Yes Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 2340 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring SoftwoodVinylCarpet Heating Baseboard Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Pillar/Post/Pier Irrigation Water Rights YN No Listing Terms AssumableCashConventionalFHAVA Loan Net Operating Income 34532 New Construction YN No Possession Closing Power Company Gray's Harbor PUD Power Production Type Electric Property Sub Type Multi Family Senior Community YN No Sewer Sewer Connected Sewer Company City of Elma Short Term Rental YN No Site Features Deck Special Listing Conditions None Tax Annual Amount 3949.18 Tax Year 2025 Units In Building Total 4 Water Company City of Elma Water Source Public Zoning Jurisdiction City

MLS Grid logo

IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Tri-Cities Realty Group, LLC are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2026-03-15T10:14:52.397. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2026-03-15T10:14:52.397. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Digital Millennium Copyright Act
 
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Logo
Tri-Cities Realty Group, LLC
1919 N 20th Ave
Pasco WA, 99301
Northwest MLS logo Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of Epique Realty.
Mortgage Calculator is provided by BoomTown.