Four-Unit
New
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 Market2
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
Last Checked: Sep 11 at 2:53PM
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.
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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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,415
Businesses Nearby
Explore this area
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
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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
