514 W Main Street Elma, WA $ 500,000
514 W Main Street
$ 500,000
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514 W Main Street

Elma, WA, 98541
$ 500,000
Baths0.0 Sq 2,340

Monthly Estimate*

$ 3,079

Listed by Epique Realty
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Studio

Multi-Family Home for sale in Elma, WA

for $500,000. This 2,340 square foot home was built in 1881 on a lot size of 0.19.

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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Multi-Family Active

Price

$ 500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,949

Style

4-Plex

Lot Size

0.19

Year Built

1881

Town/City

Elma

County/Region

Grays Harbor

MLS | Web ID

2483635

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1881
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Grays Harbor
Net Operating Income 34532
Insurance Expense 15265.61
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Elma
Special Listing Conditions None
Status Active
Directions Take Exit 8 toward Elma. Head north to the stoplight turn left at the light and continue to the property on the right.
High School Elma High
City Elma
Senior Community Y/N N
High School District Elma
Number Of Units Total 4
MLS Area 200 - Elma
Lot Size Units Square Feet
Lot Size Square Feet 8276
Carport Spaces 0
Carport Y/N N
Listing Terms Assumable Cash Conventional FHA VA Loan
Elementary School Elma Elem
Tax Annual Amount 3949.18
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Elma Mid
Public Remarks 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 h
Leasable Area 2328
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Elma
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 4175.68
Property Style 54 - 4-Plex
Cap Rate 6.54
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Exterior
Exterior Amenities Wood
Lot Features Alley Curbs Paved Sidewalk
Water Source Public
Foundation Details Pillar/Post/Pier
Building Area Total 2340
Lot Size Acres 0.19
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck
Parking Uncovered Total 4
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Interior
Flooring Softwood Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2483635
Street Number 1 514
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* Excluded Features
List By
Cameron Beyer

Listing Agent

Epique Realty

Broker

Affordability Calculator

$3,408
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,079
Monthly Property Taxes
$329
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256979 Elementary School
258284 Middle School
Elma High High School
Pricing History
DatePricePrice ChangeDescription
2/24/2026$500,000 Listed Price

Map


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514 W Main Street, Elma, WA, 98541 is a Multi-Family Home for sale at $500,000 with 2,340 sqft and a lot size of 0.19. 514 W Main Street is a studio with 0.0 baths and was built in 1881. The property's zip code is 98541 which is in Elma, WA