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Sold for $595,000
    • Listed by: Homesmart Realty Group - Monmouth • LISA ANN SCHEIRMAN • Contact: 503-949-2411
    Bought with: Homesmart Realty Group - Dallas
    $595,000

    406 Madrona St E, Monmouth, OR 97361

    8beds
    5baths
    2,572sqft
    Duplex
    Built in 1997
    -- sqft lot
    $595,300 Zestimate®
    $231/sqft
    $1,972 Estimated rent

    Home value

    $595,300

    $542,000 - $655,000

    $1,972/mo

    Zestimate® history
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    What's special

    Well-located 4 bed, 2.5 bath duplex in an established neighborhood with proven rental history. Gross rents $4,250–$4,300/mo, tenants pay all utilities, supporting strong cap-rate potential. Each unit includes a single-car garage, gas fireplace, gas heat, canned lighting, ½ bath on main and 2 full baths up. Low-maintenance Hardi-plank exterior, shingled peaks, comp roof. Interior W/D, fenced yard. Easy commute to Salem, Albany & Corvallis. Professionally managed.

    Zillow last checked:

    Listing updated:

    Listed by:

    LISA ANN SCHEIRMAN Agent:503-949-2411,

    Homesmart Realty Group - Monmouth

    Bought with:

    TIFFANY BOUCHARD

    Homesmart Realty Group - Dallas

    Source: WVMLS,MLS#: 835893MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    Dining room
    • Features: Area (Combination)
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Washer/Dryer, Electric Range, Microwave, Range Included, Refrigerator
    Features
    • Flooring: Carpet, Vinyl
    • Has fireplace: Yes
    • Fireplace features: Living Room, Gas
    Interior area
    • Total structure area: 2,572
    • Total interior livable area: 2,572 sqft

    Property

    Parking
    • Parking features: 1-car garage +parking pad
    Features
    • Patio & porch: Covered Patio
    • Exterior features: Teal Green
    • Fencing: Fenced
    • Has view: Yes
    • View description: Territorial
    • Frontage length: 55
    Lot
    • Size: 5,540 Square Feet
    • Dimensions: 55 x 100
    • Features: Dimension Above, Landscaped
    Details
    • Parcel number: 190334
    • Zoning: RH

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Fiber Cement, Lap Siding
    • Foundation: Continuous
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1997

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Monmouth

    Financial & listing details

    • Price per square foot: $231/sqft
    • Tax assessed value: $618,950
    • Annual tax amount: $5,460
    • Price range: $595K - $595K
    • Date on market: 12/20/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: FHA,VA Loan,Cash,ODVA,Conventional
    • Inclusions: Appliances, Washer/Dryer stay with the property
    • Exclusions: Tenant's Property
    • Total actual rent: 4125

    Price history

    DateEventPrice
    5/8/2026Listing removed$2,000$1/sqft
    Source: Zillow Rentals Report a problem
    5/4/2026Listed for rent$2,000$1/sqft
    Source: Zillow Rentals Report a problem
    3/27/2026Sold$595,000-0.8%$231/sqft
    Source: WVMLS #835893 Report a problem
    2/20/2026Contingent$600,000$233/sqft
    Source: WVMLS #835893 Report a problem
    1/31/2026Price change$600,000-1.6%$233/sqft
    Source: WVMLS #835893 Report a problem
    1/15/2026Price change$609,900-2.4%$237/sqft
    Source: WVMLS #835893 Report a problem
    12/20/2025Listed for sale$625,000+33%$243/sqft
    Source: WVMLS #835893 Report a problem
    4/8/2021Sold$469,900-1.1%$183/sqft
    Source: Public Record Report a problem
    2/28/2020Sold$475,000+139.9%$185/sqft
    Source: Public Record Report a problem
    3/15/2005Sold$198,000$77/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$5,256 -4%$309,580 +3%
    2023$5,476 +11.1%$300,570 +3%
    2022$4,928 +1.1%$291,820 +3%
    2021$4,872 +4.1%$283,330 +3%
    2020$4,679 +3%$275,080 +3%
    2019$4,542 $267,070
    Find assessor info on the county website

    Neighborhood: 97361

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Middle: Talmadge
    • High: Central

    Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $595,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $595,300

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