16-Unit Motel with
For Sale
$1,600,000
208 E Main Street, Elma, WA 98541
Hospitality property combines guest rooms, furnished apartments, and an on-site coin-operated laundry.
Property SizeContact for details
Days on Market177
Property Features for 208 E Main Street
General Information
Standard status
Active
Total Parking Spaces
24
Property subtype
Business Opportunity
Property Condition
Severity
Repairs Needed
Evidence
siding and windows have a current bid for $120,000 will be completed 2 and a half weeks after closing
Additional Details
Asking Price
$1,700,000
Multifamily Units
6
Amenities
coin-operated laundromat
Listing Agency:
HomeSmart Real Estate Assoc
(253) 627-7653
Listed By:
Rudy Amesquita
(253) 627-7653
Source:
Multifamilyspecialist
Added: Feb 26
Changed: Aug 13
Last Checked: Aug 21 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart Real Estate Assoc
Investment Insights
Based on property information with market context.
This motel property at 208 E Main Street includes 16 total units, with 10 motel rooms and 6 fully furnished apartments. The mix supports both traditional guest accommodations and longer-term occupancy arrangements. An on-site coin-operated laundry adds 14 washers and 14 dryers to the property’s operating components.
The property is located in Elma, Washington, near restaurants and shops. Recent physical improvements include a new roof completed in 2025 and asphalt completed in 2025. The property has also been described as serving both nightly and long-term bookings, providing multiple accommodation formats within one hospitality asset.
The property is located in Elma, Washington, near restaurants and shops. Recent physical improvements include a new roof completed in 2025 and asphalt completed in 2025. The property has also been described as serving both nightly and long-term bookings, providing multiple accommodation formats within one hospitality asset.
Key Highlights
- 16 total units: 10 motel rooms and 6 fully furnished apartments
- On‑site coin‑operated laundromat with 14 washers and 14 dryers
- New roof completed in 2025
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98541, WA
10,509
Population
4,527
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
87%
High-School Grad
195.6 sq mi
ZIP Area
54
Density / Sq Mi
$64,659
Median Household Income
$44,457
Median Earnings
$928
Median Rent
$338,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Walter's Lodge & Suites — 208 E Main St, Elma, WA 98541
Frequently Asked Questions
What type of property is this?
Motel - Hospitality property combines guest rooms, furnished apartments, and an on-site coin-operated laundry.
Where is this motel located?
The property is located at 208 E Main Street Elma, WA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 16 total units: 10 motel rooms and 6 fully furnished apartments; On‑site coin‑operated laundromat with 14 washers and 14 dryers; New roof completed in 2025
