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242 W Main Street Elkton, MD $ 262,500
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$ 262,500 Get more info
242 W Main Street
$ 262,500
Back to search
Share Save

242 W Main Street

Elkton, MD, 21921
$ 262,500
Bedrooms5 Baths0.0

Monthly Estimate*

$ 1,657

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Multi-Family Home for sale in Elkton, MD

for $262,500 with 5 bedrooms. This home was built in 1915 on a lot size of 0.3.

Prime Investment Opportunity, Quadraplex Close to Town Investors, take note. This four-unit quadraplex offers strong income potential in a convenient location just minutes from town. The property features one spacious 2-bedroom, 1-bath unit and three comfortable 1-bedroom, 1-bath units a versatile mix that appeals to a wide range of tenants. One unit is currently leased at $685 on a month to month lease, three are vacant. With each unit projected to rent for approximately $1,000 or more per month, this property offers the potential to generate $4,000+ in gross monthly income. Whether you're growing your rental portfolio or looking for your first multi-unit investment, this is an opportunity worth a closer look. Don't miss your chance to own a income-producing property in a desirable, close-to-town setting. Schedule your showing today!

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Multi-Family Active

Price

$ 262,500

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 3,391

Style

Colonial

Lot Size

0.3

Year Built

1915

Town/City

Elkton

County/Region

Cecil

MLS | Web ID

MDCC2022994
Features
General
Living Area 2976
Sewer Public Septic
Heating Heat Pump(s)
Cooling None
Possession 0-30 Days CD 31-60 Days CD 61-90 Days CD
Zoning R3
Architectural Style Colonial
Construction Materials Other
School District CECIL COUNTY PUBLIC SCHOOLS
Year Built 1915
Property Subtype Quadruplex
Tax Year 2026
Ownership Fee Simple
Cool Fuel None
Accessibility None
County CECIL
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Status ACTIVE
Directions on W Main St house is on the left. NO sign at property
City ELKTON
Number Of Units Total 1
Lot Size Units Square Feet
Lot Size Square Feet 13242.00
Number of Units Leased 1
Tax Annual Amount 3391.0
Home Warranty Y/N N
Property Condition Major Rehab Needed
Two Bedroom 1
Structure Type Detached
Price Per Sq Ft Total AG 88.21
Acceptable Financing Cash
Vacation Rental Y/N N
Lease Type Month to Month
Standard Status Active
Year Built Source Estimated
Total Actual Rent 8220.00
Association Recreation Fee N
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Interior
Heating Fuel Electric
Hot Water Electric
Total Stories 3
Heating Y/N Y
Central Air Y/N N
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Exterior
Pool No Pool
Water Source Public
Type of Parking Off Street On Street
Foundation Details Other
Water View Y/N N
Lot Size Acres 0.30
Lot Size Source Estimated
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 242
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* Excluded Features
List By
Foraker Realty Co.

Broker

brian@forakersales.com

Email

Affordability Calculator

$1,940
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,657
Monthly Property Taxes
$283
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3533453 Elementary School
3533358 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/9/2026$262,500 Listed Price

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242 W Main Street, Elkton, MD, 21921 is a Multi-Family Home for sale at $262,500 with a lot size of 0.3. 242 W Main Street has 5 bedrooms, 0.0 baths, and was built in 1915. The property's zip code is 21921 which is in Elkton, MD

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