Active

Listed by: Epique Realty

Price cut: $15K (3/26)

$475,000

514 W Main Street, Elma, WA 98541

5beds

4baths

2,340sqft

Est.:

Multi Family

Built in 1881

-- sqft lot

$-- Zestimate^®

$203/sqft

$-- HOA

What's special

Ample street parkingNewer roofNewer windowsFour off-alley parking spaces

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.

47 days

857

25

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Softwood, Vinyl, Carpet
Has fireplace: No

Interior area

Total structure area: 2,340
Total interior livable area: 2,340 sqft

Property

Parking

Uncovered spaces: 4

Features

Has view: Yes
View description: Territorial

Lot

Size: 8,276.4 Square Feet
Features: Curbs, Paved, Sidewalk, Deck

Details

Parcel number: 043001000600
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Multi Family

Materials

Wood Siding
Roof: Composition

Condition

Year built: 1881

Utilities & green energy

Electric: Company: Gray's Harbor PUD
Sewer: Sewer Connected, Company: City of Elma
Water: Public, Company: City of Elma

Community & HOA

Community

Subdivision: Elma

Location

Region: Elma

Financial & listing details

Price per square foot: $203/sqft
Tax assessed value: $413,620
Annual tax amount: $3,949
Date on market: 2/23/2026
Cumulative days on market: 49 days
Listing terms: Assumable,Conventional,FHA,VA Loan

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
3/26/2026	Price change	$475,000-3.1%$203/sqft
Source: NWMLS as distributed by MLS GRID #2483635 Report a problem
3/16/2026	Price change	$490,000-2%$209/sqft
Source: NWMLS as distributed by MLS GRID #2483635 Report a problem
2/24/2026	Listed for sale	$500,000+78.6%$214/sqft
Source: NWMLS as distributed by MLS GRID #2483635 Report a problem
8/6/2019	Sold	$280,000-3.4%$120/sqft
Source: NWMLS as distributed by MLS GRID #1394597 Report a problem
6/3/2019	Pending sale	$290,000$124/sqft
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem
5/28/2019	Listed for sale	$290,000$124/sqft
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem
5/15/2019	Pending sale	$290,000$124/sqft
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem
5/7/2019	Price change	$290,000-3.3%$124/sqft
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem
4/24/2019	Listed for sale	$300,000$128/sqft
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem
4/19/2019	Pending sale	$300,000$128/sqft
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem
1/25/2019	Price change	$300,000-7.7%$128/sqft
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem
1/2/2019	Listed for sale	$325,000+164.2%$139/sqft
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem
10/26/2015	Sold	$123,000-42.8%$53/sqft
Source: NWMLS as distributed by MLS GRID #755416 Report a problem
7/12/2008	Listing removed	$215,000$92/sqft
Source: Prudential Real Estate #28097164 Report a problem
6/11/2008	Listed for sale	$215,000+65.4%$92/sqft
Source: Prudential Real Estate #28097164 Report a problem
6/30/2003	Sold	$130,000$56/sqft
Source: NWMLS as distributed by MLS GRID #22247546 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,949 +28%	$413,620 +30.6%
2023	$3,085 -3.1%	$316,672 -6.1%
2022	$3,184 -13.4%	$337,127 +2.2%
2021	$3,678 +42.6%	$329,755 +41.8%
2020	$2,579 +19.8%	$232,550 +22.7%
2019	$2,153	$189,486 +13.7%
2018	$2,153 +13.8%	$166,593 +20.9%
2017	$1,892 +1.4%	$137,820
2016	$1,866	$137,820 +4.5%
2014	$1,866 -2.4%	$131,910
2013	$1,912 +26.7%	$131,910 -8.4%
2011	$1,509 -1.4%	$144,000
2010	$1,530 +4.9%	$144,000
2009	$1,459 -9.3%	$144,000
2008	$1,609	$144,000 +20%
2007	$1,609 -5.1%	$120,000
2006	$1,696 -1.2%	$120,000
2005	$1,716 +58.7%	$120,000
2004	$1,081 -15.9%	$120,000 +41.2%
2003	$1,286 +5.7%	$85,000
2002	$1,216 +9.5%	$85,000
2001	$1,111 -1.4%	$85,000 +6.3%
2000	$1,127	$80,000

Find assessor info on the county website

Monthly payment

Est. payment

$2,635/mo

Principal & interest

$2318

Property taxes

$317

More affordability tools

Climate risks

Neighborhood: 98541

Getting around

63 / 100

Somewhat Walkable

51 / 100

Bikeable

Nearby schools

GreatSchools rating

7/10
Elma Elementary School
Grades: PK-5Distance: 1.3 mi
6/10
Elma Middle School
Grades: 6-8Distance: 0.1 mi
7/10
Elma High School
Grades: 9-12Distance: 0.3 mi

Schools provided by the listing agent

Elementary: Elma Elem
Middle: Elma Mid
High: Elma High

Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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