514 W Main Street, Elma, WA 98541

Property Description

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.

Listing Status:

Active

Data Last Updated:

April 5, 2026 at 6:19AM

Listing Office:

Epique Realty : 208-651-1626

Listing Agent:

Cameron Beyer : 360-815-6637

MLS ID:

2483635

Interior

• Flooring: SoftwoodVinylCarpet
• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: Wood
• Parking: Parking spaces: 4

Construction

• Roofing: Composition
• General: 54 - 4-PlexPillar/Post/Pier

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Elma
• County: Grays Harbor

Lot

• Zoning: 043001000600
• View: TerritorialView

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls