505 Broad St S, Monmouth, OR 97321 | MLS #823213 | Cascade Hasson Sotheby’s International Realty
 
Listing provided courtesy of CONNECTED REAL ESTATE GROUPMLS# 823213MLS ProviderContact Information: Agent: 541-740-1466
  • 592 days on site
  • 19 views

Cute 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 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!

Source: Willamette Valley MLS, MLS#: 823213

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  • Property Type
    Residential
  • Lot
    0.28 acres

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  • Median Age
    42
  • Population Density
    391
  • College Educated
    45%
  • Estimated Median Income
    $76,107
  • Estimated Total Home Owners
    7,801
  • Estimated Total Renters
    2,606
  • Owner / Renter Divide
    75% / 25%
  • Estimated Average Household Size
    3
  • Total Population
    27,131
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

History

Date Event Value Agent
6/5/2026Source: Willamette Valley MLS Status Change
ACTIVE
5/30/2026Source: Willamette Valley MLS Status Change
ACTIVE UNDER CONTRACT
5/23/2026Source: Willamette Valley MLS Price Reduction
$295,000 -4.8%
9/30/2025Source: Willamette Valley MLS Price Reduction
$310,000 -4.6%
6/25/2025Source: Willamette Valley MLS Price Reduction
$325,000 -7.1%
11/14/2024Source: Willamette Valley MLS Added to Database
November 14, 2024