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$255,700
3 Beds 2 Baths 2496111 MLS Carney & Woods BLDG.
C-1 zoning right along a main corridor in Elma! This property opens the door to more than just residential use. Whether you’re thinking home-based business, rental, or a future commercial play, the zoning is where the real value sits! The home itself offers a single-story layout with 3 bedrooms and 2 bathrooms, plus an open living space that’s easy to rework or update over time. Outside, you’ve got a fully fenced front yard, concrete patio, and an attached 2-car garage and additional shop-style space. There’s a full utility room, plenty of driveway parking, and a lot configuration that gives you options depending on your vision. This is an as-is property. It needs work. But that’s exactly where the upside is. If you’re looking for something polished, this isn’t it. If you’re looking for flexibility, location, and potential… this is worth a look.

320 S 4th Street, Elma

Courtesy of Spivey Realty Group, LLC

$429,995
3 Beds 2 Baths 2492553 MLS
Welcome to 7 Hobble Creek St in Hobble Creek Estates, Elma, WA 98541! Brand new move in ready craftsman 2026 single story home offering 3 bedrooms, 2 baths, 1232 SQFT, a bright, modern design for $429,995. Step inside to an open great room with luxury vinyl plank flooring, a sleek electric fireplace, and abundant natural light. The kitchen is built to impress with two tone shaker cabinets, quartz countertops, a spacious island, tile backsplash, pendant lighting, and stainless steel appliances. The primary suite features a bold accent wall, private bath, and dual sink vanity. Additional highlights include a high efficiency heat pump with A/C, attached 2 car garage, covered tonge and groove front porch, graveled additional parking, the yard is scheduled to be hydroseeded before closing. Located in the Elma School District with convenient access to US-12 and SR-8 for easy travel toward Olympia or the coast.

7 Hobble Creek Street, Elma

Courtesy of eXp Realty

$9,900,000
4 Beds 6 Baths 2439774 MLS
For sale for the first time; the Exclusive Elma Equestrian Estate. One of the top Equestrian Estates in the Northwest which has produced numerous US National Arabian Champions and Rider Championships. The sale includes a large 12,606 sf Krekow Jennings custom built timber frame 4 bedroom home. Within the primary home are 43 foot arched ceilings in the Great Room; and a fully appointed Kitchen with imported Clive Christian cabinets and a French Lacanche Range. There is also a 3900 sf 4 bedroom second home and 2 bedroom apartment unit for caretakers and staff. Plus 9 barns and riding areas totaling 37,693 sf of covered space with 70 horse stalls. Including several fenced in level horse pastures on 3 separate tax parcels totaling 53 acres.

5051 US Highway 12, Elma

Courtesy of Realogics Sotheby's Int'l Rlty

$9,900,000
4 Beds 5 Baths 2427087 MLS
For sale for the first time; the Exclusive Elma Equestrian Estate. One of the top Equestrian Estates in the Northwest which has produced numerous US National Arabian Champions and Rider Championships. The sale includes a large 12,606 sf Krekow Jennings custom built timber frame 4 bedroom home. Within the primary home are 43 foot arched ceilings in the Great Room; and a fully appointed Kitchen with imported Clive Christian cabinets and a French Lacanche Range. There is also a 3900 sf 4 bedroom second home and 2 bedroom apartment unit for caretakers and staff. Plus 9 barns and riding areas totaling 37,693 sf of covered space with 70 horse stalls. Including several fenced in level horse pastures on 3 separate tax parcels totaling 53 acres.

5051 US Highway 12, Elma

Courtesy of Realogics Sotheby's Int'l Rlty

$295,000
2056845 MLS
Own a piece of Elma's history! Situated on a prominent corner in the heart of downtown Elma, this charming mixed-use building dates back to the late 1800s and is filled with character that simply can't be replicated. Offering a unique blend of commercial and residential income potential, the property is currently home to a hair salon and contractor's office on the main level, with a comfortable 1-bedroom, 1-bath apartment occupying the upper floor. Over the years, the building has undergone numerous updates while maintaining its historic charm, including a newer roof, interior and exterior paint, updated bathrooms, flooring, lighting fixtures, and more. A detached 576-square-foot garage provides additional storage space with two separate storage areas, creating even more flexibility for tenants or owners. Whether you're seeking an investment property, owner-user opportunity, or a 1031 exchange replacement property, this well-maintained downtown landmark offers excellent visibility, multiple income streams, and a prime location along Elma's bustling Main Street. Don't miss the chance to own a timeless piece of downtown Elma with endless possibilities for the future.

109 W Main Street, Elma

Courtesy of G Anderson Group LLC

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IDX information is 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. The data is deemed reliable but is not guaranteed accurate by the MLS. © 2026 PACMLS