514 W Main Street, Elma, WA 98541

Elma
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: cameron beyer, anastacia harrell
Office: epique realty
MLS#:2483635
Source:NWMLS
514 W Main Street,Elma, WA 98541
$460,000
  • - Beds
  • - Baths
  • 2,340 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$460,000
  • Price per sq. ft.:$196.58

About this home

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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Home facts

  • Year built:1881
  • Listing ID #:2483635
  • Updated:June 06, 2026 at 08:04 AM

Rooms and interior

  • Flooring:Carpet, Softwood, Vinyl Floor
  • Living area:2,340 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1881
  • Building area:2,340 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Alley, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Deck

Schools

  • High school:Elma High
  • Middle school:Elma Mid
  • Elementary school:Elma Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$460,000
  • Price per sq. ft.:$196.58
  • Tax amount:$3,949 (2025)

Parking

  • Total parking spaces:4
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