505 Broad St, Monmouth, OR 97321

$350,000 Asking Price

4 beds
1 bath
1,085  sqft
Built in 1940

Downtown property with amazing potential; this charming home is set on a spacious oversized lot with development possibilities in the heart of Monmouth. 4BR/1BA, this two-story home is set on .28 acres, has a detached 2-car garage/workshop, tool lean-to and a garden shed located in a gorgeous backyard with mature landscaping. There is an RV disposal with plenty of room for RV parking. In need of some TLC, there is loads of potential for a home owner or developer. Buyer to confirm with the City of Monmouth. Charming 1940s Two-Story Home on Spacious Double Lot with Development PotentialDiscover the possibilities in this classic 1940s two-story home situated on over a quarter-acre lot in Monmouth. With four bedrooms and one bathroom, this home offers a unique blend of vintage charm and exciting potential. Though it could use some TLC, the property’s highlights make it a standout opportunity.The expansive lot features a beautifully landscaped garden and backyard with mature trees and flowering shrubs, creating a peaceful retreat with plenty of space to relax and entertain. For added convenience, the property includes a detached two-car garage with an adjoining workshop, a garden shed, and ample room for RV parking, complete with an RV disposal.In addition to its charm and size, the property’s oversized lot presents potential for development. According to the City of Monmouth, a multifamily unit may be possible (buyer to verify and perform due diligence).This property is perfect for those looking to restore a classic home, invest in additional development, or simply enjoy a spacious garden sanctuary in the heart of Monmouth. Don’t miss out on this one-of-a-kind opportunity!

Features & Amenities

Interior

Dining:
Area (Combination)
Flooring:
Carpet,Vinyl
A/C:
Electric,Floor Furnace
Heating:
Electric,Floor Furnace
Disability Feature:
None

Exterior

General:
Light red
Other Structures:
Separate Shop,Shed

Construction

Roofing:
Composition
General:
Continuous

Location

County:
Polk

Lot

Fencing:
Partial

Utilities

Water:
City

This listing courtesy of:
CONNECTED REAL ESTATE GROUP, JESSICA PANKRATZ

About Monmouth, OR

Housing

Number of Units
5,449
Median Home Value
$317,492
Median Rent
$895

49.67% of housing units are renter occupied.

7.01% are vacant.

Commute

Car
72.75%
Public Transportation
0.26%
Walk to Work
7.39%
Work from Home
19.18%
Other
0.05%

The median travel time to work is 23 minutes.

People

Population
13,432
Median Age
32.20
Median Household Size
2.84

Education

High School
18.18%
Associate’s Degree
15.53%
Bachelor’s Degree
24.47%
Graduate Degree
11.54%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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