$262,500
242 W Main St, Elkton, MD, 21921
2,976
Square feet
0.30
Acres
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!
Listing Details
| Office | Foraker Realty Co. |
|---|
Facts & Features
| MLS® # | MDCC2022994 |
|---|---|
| Price | $262,500 |
| Square Footage | 2,976 |
| Acres | 0.30 |
| Year Built | 1915 |
| Type | Multi-Family |
| Sub-Type | Quadruplex,Detached |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 242 W Main St |
|---|---|
| City | Elkton |
| County | CECIL-MD |
| State | MD |
| Zip Code | 21921 |
| Senior Community | No |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Heat Pump(s) |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior | Other |
|---|---|
| Construction | Other |
| Foundation | Other |
| Other Structures | 10000001172 |
School Information
| District | CECIL COUNTY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | September 9th, 2026 |
|---|---|
| Days on Market | 2 |
| Zoning | R3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |