Listed by Cameron Beyer • Epique Realty. Bought with John L. Scott Lacey.
Sold on jun 2026
$460,000
5
bd
•
4 ba
•
2,340
sq ft
514 W Main St, Elma, WA 98541
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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.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Grays Harbor County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
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Garage
—
Features
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Last updated by owner on Aug 4, 2021.
C1
Community Business District
The community business C-1 district serves the everyday consumer needs of city residents, the surrounding area, and visitors. Typical land uses in the C-1 district are small- to medium-sized retail businesses, restaurants, indoor entertainment facilities, small-scale visitor accommodations, personal and professional offices, cultural, religious and governmental institutions.
Permitted uses
Include but are not limited to:
Gas station
Bank
General retail
Restaurant
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Property details
Parking
Parking Information
Parking Uncovered Total: 4
Interior
Heating & Cooling
Has Heating
Heating Information: Baseboard
Cooling Information: None
Interior Features
Flooring: Softwood, Vinyl, Carpet
Multi-Family Financial Information
Insurance Expense: $15,265.61
Other Expense: $1,700
Net Operating Income: $34,532
Gross Adjusted Income: 59622
Gross Scheduled Income: $62,760
Total Monthly Income: 5230
Gross Rent Multiplier: 8.53
Total Expenses: 25090.47
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 4
Vacancy Rate: 5
# of Units (Total): 4
Unit Type 1 Information
Unit Name: 1
# of Bathrooms: 1
# of Bedrooms: 1
Fireplaces: 0
Range/Oven: true
Washer/Dryer: false
Refrigerator: true
Dishwasher: false
Unit Sq. Ft.: 520
Actual Rent: $1,370
Unit Type 2 Information
Unit Name: 2
# of Bathrooms: 1
# of Bedrooms: 2
Fireplaces: 0
Range/Oven: true
Washer/Dryer: false
Refrigerator: true
Dishwasher: false
Unit Sq. Ft.: 820
Actual Rent: $1,500
Unit Type 3 Information
Unit Name: 3
# of Bathrooms: 1
# of Bedrooms: 1
Fireplaces: 0
Range/Oven: true
Washer/Dryer: false
Refrigerator: true
Dishwasher: false
Unit Sq. Ft.: 500
Actual Rent: $1,410
Unit Type 4 Information
Unit Name: 4
# of Bathrooms: 1
# of Bedrooms: 1
Fireplaces: 0
Range/Oven: true
Washer/Dryer: false
Refrigerator: true
Dishwasher: false
Unit Sq. Ft.: 500
Actual Rent: $950
Exterior
Building Information
Construction Materials: Wood
Roof: Composition
Exterior Features
Exterior Features: Wood
Property Information
Energy Source: Electric
Style Code: 54 - 4-Plex
Property Type: Residential Income
Property Sub Type: Multi Family
Has View
Lot Information
MLS Lot Size Source: Public Records
Site Features: Deck
Zoning Jurisdiction: City
Lot Features: Alley, Curbs, Paved, Sidewalk
Lot Size Units: Square Feet
Lot Size Acres: 0.19
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $3,949.18
Tax Year: 2025
Financial Information
Listing Terms: Assumable, Cash, Conventional, FHA, VA Loan
Buyer Financing: Conventional
Utilities
Utility Information
Water Source: Public
Water Company: City of Elma
Power Company: Gray's Harbor PUD
Sewer: Sewer Connected
Sewer Company: City of Elma
Water Sewer Garbage: 4175.68
Location
School Information
Elementary School: Elma Elem
Middle Or Junior High School: Elma Mid
High School: Elma High
High School District: Elma
Location Information
Directions: Take Exit 8 toward Elma. Head north to the stoplight, turn left at the light, and continue to the property on the right.
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Grays Harbor County
APN: —
Home facts updated by county records on Aug 4, 2021
Other
Listing Information
Mls Status: Sold
Listing Date Information
On Market Date: Tuesday, February 24, 2026
Green Information
Power Production Type: Electric
Home Information
Calculated Square Footage: 2340
MLS Square Footage Source: Public Records
Building Area Total: 2340
Building Area Units: Square Feet
Foundation Details: Pillar/Post/Pier
Structure Type: Quadruplex
Stories Total: 2
Around this home
Schools
Elma Elementary School
Public PreK-5 • Assigned • 1.3mi
5/10
Elma Middle School
Public 6-8 • Assigned • 0.1mi
5/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 89° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
8 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Elma, WA • 98541
Average low and high temperatures (°F)
48
35
49
35
54
39
63
40
67
46
73
50
76
53
78
56
74
53
62
44
52
41
49
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.7 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$465,000 – $563,000
Sell confidently with a local market expert in Elma.