For sale

$262,500

242 W Main St, Elkton, MD 21921

5beds

4baths

2,976sqft

$1,860/mo

Get pre-qualified

Quadruplex

Built in 1915

-- sqft lot

$259,000 Zestimate^®

$88/sqft

$-- HOA

What's special

Prime Investment Opportunity, Quadraplex Close to Town Investors, take note. This four-unit quadraplex offers strong income potential in a convenient location just minutes from town. The property features one spacious 2-bedroom, 1-bath unit and three comfortable 1-bedroom, 1-bath units — a versatile mix that appeals to a wide range of tenants. One unit is currently leased at $685 on a month to month lease, three are vacant. With each unit projected to rent for approximately $1,000 or more per month, this property offers the potential to generate $4,000+ in gross monthly income. Whether you're growing your rental portfolio or looking for your first multi-unit investment, this is an opportunity worth a closer look. Don't miss your chance to own a income-producing property in a desirable, close-to-town setting. Schedule your showing today!

5 days
470
30

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4

Heating

Heat Pump, Electric

Cooling

None

Appliances

Included: Electric Water Heater

Features

Has fireplace: No

Interior area

Total structure area: 2,976
Total interior livable area: 2,976 sqft

Property

Parking

Parking features: Off Street, On Street
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Pool features: None

Lot

Size: 0.3 Acres

Details

Additional structures: Above Grade
Parcel number: 0803037606
Zoning: R3
Zoning description: Res High Density
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Quadruplex

Materials

Other
Foundation: Other

Condition

Fixer
New construction: No
Year built: 1915

Utilities & green energy

Sewer: Public Septic
Water: Public

Community & HOA

Location

Region: Elkton

Financial & listing details

Price per square foot: $88/sqft
Tax assessed value: $196,967
Annual tax amount: $3,391
Date on market: 9/9/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash
Ownership: Fee Simple
Total actual rent: 8220

Estimated market value

$259,000

$246,000 - $272,000

$2,678/mo

Price history

Date	Event	Price
9/9/2026	Listed for sale	$262,500-4.2%$88/sqft
Source: Bright MLS #MDCC2022994 Report a problem
7/25/2018	Listing removed	$274,000$92/sqft
Source: RE/MAX VISION #1000106177 Report a problem
7/8/2018	Price change	$274,000-1.8%$92/sqft
Source: Remax Vision #1000106177 Report a problem
3/24/2018	Price change	$279,000-3.5%$94/sqft
Source: Remax Vision #1000106177 Report a problem
1/2/2018	Price change	$289,000-3.3%$97/sqft
Source: Remax Vision #1000106177 Report a problem
10/3/2017	Price change	$299,000-3.2%$100/sqft
Source: Remax Vision #CC10046751 Report a problem
9/1/2017	Listed for sale	$309,000+40.5%$104/sqft
Source: Remax Vision #CC10046751 Report a problem
9/12/2013	Sold	$220,000+18.9%$74/sqft
Source: Public Record Report a problem
9/15/2009	Sold	$185,000+76.2%$62/sqft
Source: Public Record Report a problem
9/3/2004	Sold	$105,000+40%$35/sqft
Source: Public Record Report a problem
12/11/1998	Sold	$75,000$25/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,331 +2.4%	$192,533 +2.4%
2024	$3,254 +0.1%	$188,100 +0.7%
2023	$3,250 -0.5%	$186,767 -0.7%
2022	$3,267 0%	$188,100 +2.2%
2021	$3,269 +1.1%	$184,100 +1.9%
2020	$3,232 +1.9%	$180,667 -1.9%
2019	$3,171 +144%	$184,100 +5.9%
2018	$1,299 -56.9%	$173,800 +5.3%
2017	$3,011 +14.1%	$165,033 +5.6%
2016	$2,639 +6%	$156,267 +5.9%
2015	$2,490 +2.1%	$147,500
2014	$2,439	$147,500
2013	--	$147,500 -9.3%
2012	--	$162,700
2011	--	$162,700
2010	--	$162,700 -19.4%
2009	--	$201,960 +14.7%
2008	--	$176,146 +17.2%
2007	--	$150,333 +20.7%
2006	--	$124,520 +5%
2005	--	$118,562 +4.6%
2004	--	$113,390 +6.3%
2003	--	$106,650
2002	--	$106,650
2001	--	$106,650