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!
For sale
Listed by: Connected Real Estate Group • JESSICA PANKRATZ • Contact: 541-740-1466
Price cut: $15K (5/23)
$295,000
505 Broad St S, Monmouth, OR 97361
4beds
1,085sqft
Single Family Residence
Built in 1940
0.28 Acres Lot
$-- Zestimate®
$272/sqft
$-- HOA
What's special
- 601 days |
- 1,308 |
- 86 |
Zillow last checked:
Listing updated:
Listed by:
JESSICA PANKRATZ Agent:541-740-1466,
Connected Real Estate Group
Source: WVMLS,MLS#: 823213
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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: $272/sqft
- Tax assessed value: $322,600
- Annual tax amount: $2,339
- Price range: $295K - $295K
- 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
$2,085/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | Price change | $295,000-4.8%$272/sqft |
Source: | ||
| 10/1/2025 | Price change | $310,000-4.6%$286/sqft |
Source: | ||
| 6/25/2025 | Price change | $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 |
|---|---|---|
| 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 | $73,260 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 97361
Nearby schools
GreatSchools rating
- 4/10Monmouth Elementary SchoolGrades: K-5Distance: 0.8 mi
- 4/10Talmadge Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Central High SchoolGrades: 9-12Distance: 1.2 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Polk County
- Monmouth
- 97361
- 505 Broad St S






