514 W Main Street

Elma, WA 98541

  • Bed

  • Bath

  • 2340 SqFt

  • 1 DOM

  • Built: 1881

  • Status: Active

$500,000

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514 W Main Street

Elma 98541

$500000

  • Bed

  • Bath

  • 2340 SqFt

  • 1 DOM

  • Built: 1881

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

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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