Four-Unit
For Sale
$262,500
242 W MAIN St, Elkton, MD 21921
Historic residential income property with a flexible unit mix and convenient access to town.
Property Size2,976 SF
Days on Market48
Property Features for 242 W MAIN St
General Information
Standard status
Active
Size
2,976 SF
Property subtype
Investment
Units
Unit Mix
1 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,391
Building Details
Building Size
2,976 SF
Year Built
1915
Units
1
Listing Agency:
Foraker Realty Co.
Listed By:
Brian D. Foraker · License #RS0024136
(302) 501-5218
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 5:12PM
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 Foraker Realty Co.
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Investment Insights
Based on property information with market context.
Built in 1915, this four-unit residential property includes one two-bedroom, one-bath residence and three one-bedroom, one-bath residences. The configuration provides a mix of smaller and larger floor plans within a single multifamily asset.
One residence is leased on a month-to-month basis, while three units are currently vacant. The property is located at 242 W Main St in Elkton, with the source information describing it as close to town. Walk Score is 46 and Bike Score is 42, reflecting a car-dependent setting with some bike access.
One residence is leased on a month-to-month basis, while three units are currently vacant. The property is located at 242 W Main St in Elkton, with the source information describing it as close to town. Walk Score is 46 and Bike Score is 42, reflecting a car-dependent setting with some bike access.
Key Highlights
- Four‑unit multifamily property built in 1915
- Unit mix includes one 2‑bedroom, 1‑bath unit and three 1‑bedroom, 1‑bath units
- One unit leased month to month; three units vacant
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,415
Businesses Nearby
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Business Placement
Demographics for 21921, MD
44,983
Population
18,782
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
92%
High-School Grad
94.7 sq mi
ZIP Area
475
Density / Sq Mi
$84,608
Median Household Income
$48,300
Median Earnings
$1,413
Median Rent
$296,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Historic residential income property with a flexible unit mix and convenient access to town.
Where is this quadplex located?
The property is located at 242 W MAIN St Elkton, MD.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1915; Unit mix includes one 2‑bedroom, 1‑bath unit and three 1‑bedroom, 1‑bath units; One unit leased month to month; three units vacant
