$1,600,000
Est. $8,226/mo208 E Main Street, Elma, WA 98541
• Listed 2026-02-26•116 days on market
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Cozy cottage motel, high revenue, low overhead opportunity $1,700,000 – Owner retiring due to health, a must-see property in the heart of Elma, 16 total units, consisting of 10 motel rooms and 6 fully furnished apartments, cash cow. Strong nightly + long-term bookings, on-site coin laundromat (pure profit) Features a high-capacity coin-operated laundromat with 14 washers and 14 dryers, providing an additional steady revenue stream, overhead almost nil. No staff needed, just a couple can run it: check-ins, laundry, light cleaning. New roof 2025, asphalt 2025, siding and windows have a current bid for $120,000 will be completed 2 and a half weeks after closing or depending on contractor’s schedule. Prime location near restaurants and shops. Generates serious revenue—call for pro forma. Turnkey, profitable, low-stress—ideal for the right buyer. Rudy Amesquita is a Washington licensed real estate agent and owner of CJNR LLC.
Listed by Rudy Amesquita • HomeSmart Real Estate Assoc
Listing updated: April 6, 2026 at 06:00pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2484447
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Nearby open houses (3)
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208 E Main Street, Elma, WA 98541
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Elma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 16 days.
$460,000 Sold
6 weeks ago
•Single Family
514 W Main Street, Elma, WA 98541
0%
Over list
—
Days on market
0.4 mi
Distance
$400,000 Sold
7 weeks ago
•Single Family
0 Garden Hill Road E, Elma, WA 98541
33%
Under list
—
Days on market
0.9 mi
Distance
$375,000 Sold
8 weeks ago
4 bd•1.5 ba•~1,705 sq ft•Single Family
630 N 11th, Elma, WA 98541
2%
Over list
—
Days on market
0.8 mi
Distance
$359,000 Sold
2 months ago
2 bd•1 ba•~825 sq ft•Single Family
309 S 5th Street, Elma, WA 98541
0%
Over list
—
Days on market
0.4 mi
Distance
$350,000 Sold
2 months ago
4 bd•1.5 ba•~2,424 sq ft•Single Family
402 N 10th Street, Elma, WA 98541
0%
Over list
—
Days on market
0.6 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Aug 2026
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