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$262,500 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2,976 Sq. Ft.
  • Updated 19 hours ago
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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!

Full Property Details for 242 W Main St

General

  • Price: $262,500
  • Taxes: $3,391 (2026)
  • Status: Active
  • Type: Single Family
  • Source: BrightMLSPhilly
  • MLS ID: MDCC2022994
  • Updated: 9/9/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Lease Info: Month to Month

Parking

  • Parking Type: Off Street, On Street

Location

  • County: CECIL
  • Driving Directions: on W Main St house is on the left. NO sign at property

School Information

  • School District: Cecil County Public Schools

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Septic
  • Water: Public

Structural Information

  • Architectural Style: Colonial
  • Structure Type: Detached
  • Construction: Other
  • Foundation: Other
  • Stories/Levels: 3
  • Square Feet: 2,976
  • Sq. Ft. Source: Estimated
  • Living Area: 2,976 Sq. Ft.
  • Finished Above Grnd: 2,976 Sq. Ft.
  • Year Built: 1915
  • Year Built Source: Estimated
  • Property Condition: Major Rehab Needed

Unit Information

  • Other Units: Unit 1, Unit 1, Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.3
  • Lot Size (Sq. Ft.): 13,242
  • Lot Size Source: Estimated
  • Zoning: R3

Financial Considerations

  • Price Per Sq. Ft.: $88.21
  • City/TownTax: $1,223
  • City/TownTax Freq: Annually
  • County Tax: $2,107
  • County Tax Freq: Annually
  • Tax w/Assessment: $196,967
  • Tax Amount: $3,391
  • Tax Year: 2026

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Foraker Realty Co., Brian D. Foraker

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Listing agent

— 242 W Main St —

  • Brian D. Foraker

    Foraker Realty Co.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 242 W Main St

School District:Cecil County Public Schools
NameGradesDistance
Gilpin Manor Elementary School
203 Newark Avenue, Elkton, MD 21921
PK-50.9 mi
Elkton Middle School, Elkton, MD
615 North Street, Elkton, MD 21921
6-81 mi
Elkton High School
110 James Street, Elkton, MD 21921
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 242 W Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/09/2026
Listed
$262,500
19.32%
MLS
9/06/2013
Sold
$220,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 242 W Main St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,331
—
$196,967
2%
2025
$3,331
15%
$192,533
2%
2024
$2,904
14%
$188,100
1%
2023
$2,550
22%
$186,767
1%
2022
$2,089
-34%
$185,433
1%
2019
$3,171
-2%
$184,100
2%
2021
$3,232
2%
$180,667
2%
2020
$3,171
2%
$177,233
2%
2019
$3,109
5%
$173,800
5%
2018
$2,952
12%
$165,033
6%
2017
$2,639
6%
$156,267
6%
2016
$2,490
—
$147,500
—
2015
$2,490
—
$147,500
—
2014
$2,490
—
$147,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 242 W Main St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Foraker Realty Co., Brian D. Foraker

242 W Main Street, Elkton, MD 21921 (MLS# MDCC2022994) is a Single Family property with 0 bedrooms and 0 full bathrooms. 242 W Main Street is currently listed for $262,500 and was received on September 09, 2026. Want to learn more about 242 W Main Street? Do you have questions about finding other Single Family real estate for sale in Elkton? You can browse all Elkton real estate or contact a Coldwell Banker agent to request more information.

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