Accepted Offer with Contingencies. 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!
Accepting backups
Listed by: Connected Real Estate Group • JESSICA PANKRATZ • Contact: Agent: 541-740-1466
Price cut: $30K (9/8)
$265,000
505 Broad St S, Monmouth, OR 97361
4beds
1,085sqft
Single Family Residence
Built in 1940
0.28 Acres Lot
$-- Zestimate®
$244/sqft
$-- HOA
What's special
- 696 days
- 1,177
- 90
Zillow last checked:
Listing updated:
Listed by:
JESSICA PANKRATZ Agent:541-740-1466,
Connected Real Estate Group
Source: WVMLS,MLS#: 823213
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Upper
Bedroom 4
- Level: Upper
Dining room
- Features: Area (Combination)
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Electric, Floor Furnace
Appliances
- Included: Electric Water Heater
Features
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,085
- Total interior livable area: 1,085 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, RV Disposal
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Light Red
- Fencing: Partial
Lot
- Size: 0.28 Acres
- Dimensions: 61 x 187
- Features: Dimension Above, Landscaped
Details
- Additional structures: Workshop, Shed(s), RV/Boat Storage
- Parcel number: 192789
- Zoning: RM
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Asbestos, Lap Siding
- Foundation: Continuous
- Roof: Composition
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Monmouth
Financial & listing details
- Price per square foot: $244/sqft
- Tax assessed value: $330,100
- Annual tax amount: $2,339
- Price range: $265K - $265K
- Date on market: 11/14/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Rehab Loan
Estimated market value
Not available
Estimated sales range
Not available
$1,958/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Pending sale | $265,000$244/sqft |
Source: | ||
| 9/8/2026 | Price change | $265,000-10.2%$244/sqft |
Source: | ||
| 6/5/2026 | Listed for sale | $295,000$272/sqft |
Source: | ||
| 5/30/2026 | Pending sale | $295,000$272/sqft |
Source: | ||
| 5/30/2026 | Contingent | $295,000$272/sqft |
Source: | ||
| 5/23/2026 | Listed for sale | $295,000-4.8%$272/sqft |
Source: | ||
| 10/1/2025 | Price change | $310,000-4.6%$286/sqft |
Source: | ||
| 6/25/2025 | Listed for sale | $325,000-7.1%$300/sqft |
Source: | ||
| 11/14/2024 | Listed for sale | $350,000$323/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,332 +3.9% | $136,180 +3% |
| 2024 | $2,245 -4% | $132,220 +3% |
| 2023 | $2,339 +11.1% | $128,370 +3% |
| 2022 | $2,105 +1.2% | $124,640 +3% |
| 2021 | $2,081 +4.1% | $121,010 +3% |
| 2020 | $1,998 +3% | $117,490 +3% |
| 2019 | $1,940 | $114,070 +3% |
| 2018 | $1,940 +3.6% | $110,750 +3% |
| 2017 | $1,873 +0.5% | $107,530 +3% |
| 2016 | $1,863 -2.1% | $104,400 +3% |
| 2015 | $1,904 +4.6% | $101,360 +3% |
| 2014 | $1,820 +10.1% | $98,410 +3% |
| 2013 | $1,652 +3.4% | $95,550 +3% |
| 2012 | $1,597 +3.1% | $92,770 +3% |
| 2011 | $1,549 +3.6% | $90,070 +3% |
| 2010 | $1,495 -0.4% | $87,450 +3% |
| 2009 | $1,501 +2.9% | $84,910 +3% |
| 2008 | $1,459 -0.8% | $82,440 +3% |
| 2007 | $1,471 +7.1% | $80,040 +3% |
| 2006 | $1,374 -1.5% | $77,710 +3% |
| 2005 | $1,394 +5.4% | $75,450 +3% |
| 2004 | $1,322 | $73,260 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 97361
Nearby schools
Schools provided by the listing agent
- Elementary: Monmouth
- 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.





