514 W Main St

4
Baths
2,340 Sq. Ft.
$209 / Sq. Ft.
2,340
Sq. Ft.
$209
per Sq. Ft.

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...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.
  1. Listed by Cameron Beyer • Epique Realty
  2. Listed by Anastacia Harrell • Epique Realty

Property Details for 514 West Main Street

Community Name
Elma
School District
Elma
View
Territorial
Total Covered Parking
0
Entry Date
02-24-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 03/16/2026 02:43 PM

Property Details for 514 West Main Street

StatusActive
MLS #2483635
Days on Market26
Cumulative Days on Market26
Taxes$3,949 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1881
Lot Size0.19 AC / 8,276 SF
CountyGrays Harbor County

Location

Listing Courtesy of Epique Realty
Add your commute

Building Information for 514 West Main Street

Stories2Residences4Year Built1881Building Size-Lot Size0.19 AC / 8,276 SF

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30 year fixed, 6.11% Interest

Principal and Interest

$2,378

Property Taxes

$329

HOA Dues

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Property Information for 514 West Main Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Deck
  • Area: 200 - Elma
  • Elementary School: Elma Elem
  • Middle Or Junior School: Elma Mid
  • High School: Elma High
  • Directions: Take Exit 8 toward Elma. Head north to the stoplight, turn left at the light, and continue to the property on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Softwood, Vinyl, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 4175.68
  • Power Company: Gray's Harbor PUD
  • Sewer Company: City of Elma
  • Water Company: City of Elma
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Pillar/Post/Pier
  • First Right Of Refusal: false
  • MLS Square Footage Source: Public Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 28
Lot Information
  • Lot Details: Alley, Curbs, Paved, Sidewalk
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 043001000600
  • Calculated Square Footage: 2340
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2340.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 25090.47
  • Gross Adjusted Income: 59622
  • Gross Rent Multiplier: 8.53
  • Gross Scheduled Income: $62,760
  • Insurance Expense: $15,266
  • Net Operating Income: $34,532
  • Other Expenses: $1,700
  • Total Monthly Income: 5230
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 520
  • Rent Unit 1: $1,370.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 820
  • Rent Unit 2: $1,500.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 500
  • Rent Unit 3: $1,410.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 500
  • Rent Unit 4: $950.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2328.0

Property History for 514 West Main Street

DateEvent & SourcePriceAppreciation
Mar 16, 2026

Price Change

NWMLS #2483635

$490,000
Feb 24, 2026

Listed (Active)

NWMLS #2483635

$500,000
Aug 6, 2019

Sold

NWMLS #1394597

$280,000
Aug 2, 2019

Sold (Public Record)

Public Record #652638801

$280,000

+24.2% / yr

Jun 3, 2019

Pending

NWMLS #1394597

Dec 17, 2018

Listed (Active)

NWMLS #1394597

$325,000
Oct 26, 2015

Sold

NWMLS #755416

$123,000
Oct 15, 2015

Sold (Public Record)

Public Record #560789431

$123,000
Jul 27, 2015

Pending

NWMLS #755416

Mar 13, 2015

Listed (Active)

NWMLS #755416

$149,900
Jun 30, 2003

Sold

NWMLS #22247546

$130,000
Jun 11, 2003

Pending

NWMLS #22247546

Oct 29, 2002

Listed (Active)

NWMLS #22247546

$139,900
DateEvent & SourcePrice
03/16/2026

Price Change

NWMLS #2483635

$490,000
02/24/2026

Listed (Active)

NWMLS #2483635

$500,000
08/06/2019

Sold

NWMLS #1394597

$280,000
08/02/2019

Sold (Public Record)

Public Record #652638801

$280,000

+24.2% / yr

06/03/2019

Pending

NWMLS #1394597

12/17/2018

Listed (Active)

NWMLS #1394597

$325,000
10/26/2015

Sold

NWMLS #755416

$123,000
10/15/2015

Sold (Public Record)

Public Record #560789431

$123,000
07/27/2015

Pending

NWMLS #755416

03/13/2015

Listed (Active)

NWMLS #755416

$149,900
06/30/2003

Sold

NWMLS #22247546

$130,000
06/11/2003

Pending

NWMLS #22247546

10/29/2002

Listed (Active)

NWMLS #22247546

$139,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 514 West Main Street

Taxable ValueLand$91,679Additions$321,941Total$413,620
Tax Record2024$3,085 ($257 / month)
Home Facts
Total Finished SqFt2,808 SqFtAbove Ground SqFt2,808 SqFtStories3Lot Size8,276 SqFtStyleMulti-Family Dwelling (2-4)Year Built1881CountyGRAYS HARBORAPN043001000600

Schools near 514 West Main Street

This home is within Elma School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Elma Elementary School
PublicPK to 5

Elma Middle School
Public6 to 8

Elma High School
Public9 to 12

East Grays Harbor Lrn Opp Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

514 West Main Street is a multi-family home for sale in Elma, WA 98541. This property was listed for sale on February 24, 2026 by Epique Realty, it's currently listed at $490,000. It has been on the market for a total of 26 days and was last sold on August 6, 2019. This listing's school district is Elma School District. Nearby schools include Elma Elementary School, Elma Middle School and Elma High School. 514 West Main Street is a 5-bed, 4-bath, 2,340 sqft multi-family home built in 1881.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Epique Realty

Based on information submitted to the MLS GRID as of 03/16/2026 02:43 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.