242 W MAIN ST
Multi-Family $ 262,500

242 W MAIN ST

Elkton, MD 21921

  • 2,976 SqFt
  • 0.3 Lot Size
  • 1915 Year Built
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!
Listed by Foraker Realty Co.

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Detached

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 976 sqft

    Price per Sqft $88

    MLS Listing ID MDCC2022994

    Style Colonial

    Abv Grd Liv Area 2,976

    Year Built 1915

    Annual Tax Amount $3,391

    Tax Year 2026

    Lot Size 0.304 Acres

    Acres 0.3

    Property Sub-Type Detached

    Source BRIGHT

  • Location

    State MD

    County Cecil

    Zoning R3

  • Building

    Foundation Other

    Above Ground Finished SqFt 2976

    Sewer Public Septic

    Water Public

    Architectural Style Colonial

    Additional Building Above Grade

    New Construction N

  • Interior

    Hot Water Electric

    Heating Heat Pump(s)

    Cooling None

    Heat Source Electric

  • Exterior

    Water Access N

    Accessibility None

    Garage N

    Private Pool No

  • Schools

    School District Cecil County Public Schools

  • Others

    Tax ID 0803037606

    Ownership Fee Simple

    SqFt Source 2976

    Acceptable Financing Cash

    Listing Terms Cash

    Financing Cash

    Special Listing Condition Standard

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