Investor Opportunity in Downtown Monroe! Calling all investors! This 3-bedroom, 1-bath bungalow in the heart of Downtown Monroe offers an excellent opportunity to add a cash-flowing property to your portfolio. With just under 1,200 heated square feet, central heat and air, and a well-maintained frame construction with crawl space foundation, this home provides solid investment potential. A long-term tenant is already in place and would like to remain, providing immediate rental income of $600 per month. The home also features a welcoming covered front porch, adding to its charm and tenant appeal. Conveniently located near shopping, dining, schools, and major roadways, this property offers easy access to everything Monroe has to offer. Bonus Opportunity: Seller also has two additional investment properties available that may be purchased as a package, creating the potential for a larger income-producing portfolio. Don't miss your chance to secure an affordable investment property with existing income and room to grow! Call today for details on this property and the package opportunity
For sale
$47,000
503 Plum St, Monroe, LA 71202
3beds
--baths
1,196sqft
Single Family Residence, Multi Family
Built in 1929
-- sqft lot
$-- Zestimate®
$39/sqft
$-- HOA
What's special
Well-maintained frame constructionWelcoming covered front porchCentral heat and airCrawl space foundation
- 9 days |
- 234 |
- 16 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Shelly Witherington,
Vanguard Realty,
Bo Witherington,
Vanguard Realty
Source: NELAR,MLS#: 219840
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
Heating
- Central
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
- Laundry: In Unit, Washer/Dryer Connect
Features
- Ceiling Fan(s)
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,196
- Total interior livable area: 1,196 sqft
Property
Parking
- Parking features: Hard Surface Drive
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch Covered
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 75272
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Single Family Residence, Multi Family
Materials
- Frame, Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1929
Utilities & green energy
- Electric: Separate Meters, Electric Company: Entergy
- Gas: Natural Gas, Gas Company: Atmos
- Sewer: Public Sewer
- Water: Public, Electric Company: City
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Subdivision: Ouachita Cotton
Location
- Region: Monroe
Financial & listing details
- Price per square foot: $39/sqft
- Tax assessed value: $14,071
- Annual tax amount: $153
- Date on market: 6/23/2026
- Total actual rent: 600
Estimated market value
Not available
Estimated sales range
Not available
$907/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Listed for sale | $47,000$39/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $153 -0.1% | $1,408 |
| 2024 | $153 -0.9% | $1,408 |
| 2023 | $154 +3.6% | $1,408 |
| 2022 | $149 +0.2% | $1,408 |
| 2021 | $149 | $1,408 |
| 2020 | $149 -1.6% | $1,408 -2.2% |
| 2019 | $151 -0.1% | $1,440 |
| 2018 | $151 -5.1% | $1,440 |
| 2017 | $159 +0% | $1,440 |
| 2016 | $159 +0.3% | $1,440 |
| 2015 | $159 | $1,440 |
| 2014 | $159 +0.3% | $1,440 |
| 2013 | $158 +3% | $1,440 |
| 2012 | $154 -6.1% | $1,440 |
| 2011 | $164 +31.2% | $1,440 |
| 2010 | $125 | $1,440 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 71202
Nearby schools
GreatSchools rating
- NAClara Hall Accelerated SchoolGrades: PK-2Distance: 0.4 mi
- 3/10Martin Luther King Jr. Middle SchoolGrades: 7-8Distance: 1 mi
- 5/10Wossman High SchoolGrades: 9-12Distance: 1.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Louisiana
- Ouachita Parish
- Monroe
- 71202
- 503 Plum St




