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$262,500

242 Main St

Elkton, MD
ACTIVE-BRIGHT
5
Bedrooms
2,976
Square Feet
0.3
Lot Size (acres)
1915
Year Built
47
Days On Market

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 Information

Listing Updated
17 days ago
Listed By
Brian D. Foraker, 3025015218 · Foraker Realty Co., 4844063004
MLS#
MDCC2022994
Source
Bright
Status
ACTIVE-BRIGHT

Facts & Features

Location

Community Information

Address
242 W Main St, Elkton, MD 21921
City
Elkton
County
Cecil
Zip Code
21921

Architecture

Bedrooms
5
Stories
3
Year Built
1915
Style
Colonial
Construction Materials
Other
Building Area
2,976 sq. ft.
Foundation
Other
Garage Spaces
0
Parking Features
On Street, Off Street

Features & Amenities

Appliances
Electric Water Heater
Cooling
None
Heating
Electric, Heat Pump

Property Features

Lot Size
0.3 Acres
Water
Public
Sewer
Septic Tank
Zoning
Res High Density

Square Footage

Above Grade
2,976 sq. ft.
Total
2,976 sq. ft.

Tax & Financial Information

List Price
$262,500
Annual Taxes
$3,391

Schools

100/100
Newark Charter School
7th & Above · Grades KG–12 · 4.2 mi
City
Newark
Students
2,386
Parent reviews
5.0★ avg · 4 reviews
Student body
63% White · 14% Asian · 11% Black
Phone
(302) 369-2001
75/100
Leeds Elementary
Elementary · Grades PK–05 · 4.1 mi
City
Elkton
Students
393
Parent reviews
5.0★ avg · 2 reviews
Student body
85% White · 7% Two or More Races · 6% Hispanic / Latino
Free/reduced lunch
48%
Phone
(410) 996-5070
74/100
Gilpin Manor Elementary
Elementary · Grades PK–05 · 0.9 mi
City
Elkton
Students
392
Parent reviews
4.5★ avg · 4 reviews
Student body
40% White · 33% Black · 13% Hispanic / Latino
Free/reduced lunch
66%
Phone
(410) 996-5040
69/100
Elkton High
High · Grades 09–12 · 1.2 mi
City
Elkton
Students
1,050
Parent reviews
4.0★ avg · 2 reviews
Student body
42% White · 28% Black · 17% Hispanic / Latino
Free/reduced lunch
55%
Phone
(410) 996-5000
54/100
Elkton Middle
Middle · Grades 06–08 · 1 mi
City
Elkton
Students
522
Student body
40% White · 31% Black · 17% Hispanic / Latino
Free/reduced lunch
65%
Phone
(410) 996-5010
53/100
Brader (Henry M.) Elementary School
Elementary · Grades KG–05 · 4.7 mi
City
Newark
Students
439
Student body
34% Black · 34% White · 19% Hispanic / Latino
Phone
(302) 552-6200
52/100
Holly Hall Elementary
Elementary · Grades PK–05 · 1.2 mi
City
Elkton
Students
390
Student body
56% White · 17% Black · 15% Hispanic / Latino
Free/reduced lunch
58%
Phone
(410) 996-5050
52/100
Cecil Manor Elementary
Elementary · Grades PK–05 · 3.8 mi
City
Elkton
Students
439
Student body
50% White · 27% Black · 13% Hispanic / Latino
Free/reduced lunch
61%
Phone
(410) 996-5090

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
09/09/2026Listed for sale$262,500

Listed by Brian D. Foraker · Foraker Realty Co. · 4844063004

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Bright. All rights reserved.

Last Updated: October 8, 2026 at 3:30 PM | Source: Bright | MLS#: MDCC2022994

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