514 W Main Street, Elma, WA 98541

Local realty services provided by:ERA Skyview Realty
Listed by: cameron beyer, anastacia harrell
Office: epique realty
MLS#:2483635
Source:NWMLS
514 W Main Street,Elma, WA 98541
$500,000
  • - Beds
  • - Baths
  • 2,340 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$500,000
  • Price per sq. ft.:$213.68

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:February 24, 2026 at 05:08 PM

Rooms and interior

  • 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

Schools

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

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$500,000
  • Price per sq. ft.:$213.68
  • Tax amount:$3,949 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of February 24, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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