514 W Main Street

Elma, WA 98541

  • Bed

  • Bath

  • 2340 SqFt

  • 55 DOM

  • Built: 1881

  • Status: Pending - Backup Offer

$475,000

X

514 W Main Street

Elma 98541

$475000

  • Bed

  • Bath

  • 2340 SqFt

  • 55 DOM

  • Built: 1881

  • Status: Pending - Backup Offer

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Srinivas Kasam

CEO & Founder

(650)533-3259

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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Residence Information

  • 2340

  • Composition

  • 54 - 4-Plex

  • 1881

  • Pillar/Post/Pier

Features and Utilities

  • Wood

  • Public

  • Sewer Connected

  • 0

Financial

  • 3949.18

  • Assumable, Cash, Conventional, FHA, VA Loan

  • 02-24-2026

Comparable Information

  • 55

  • 55

  • Assumable, Cash, Conventional, FHA, VA Loan

  • $500,000

  • $500,000

  • Apr 21, 2026 14:07

Schools

Elementary : Elma Elem N/A Ratings
Middle : Elma Mid N/A Ratings
High : Elma High N/A Ratings

Map

Listing courtesy of Epique Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Apr 23, 2026 13:19 | Listing last modified Apr 21, 2026 14:07. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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