Great investment opportunity in the heart of Monroe! Recently rented as a duplex generating $1,500 per month in rental income ($600 for Unit A and $900 for Unit B), this versatile property offers two separate living spaces—ideal for owner-occupancy, rental income, or multi-generational living. One side features a cozy studio-style layout with a charming brick fireplace, built-ins, a full kitchen with laundry hookups, and a bathroom with a walk-in shower. The other side offers two bedrooms, a spacious living area, kitchen with butcher block countertops, and a full bathroom—plus direct access to the backyard. Additional features include a covered front porch, windows with classic awnings, and a convenient location just minutes from shopping, dining, and downtown Monroe. Don’t miss this income-producing gem with flexible living options and solid rental potential!
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505 Stubbs Ave, Monroe, LA 71201
3beds
1,700sqft
Site Build, Residential
Built in 1932
6,969.6 Square Feet Lot
$152,700 Zestimate®
$--/sqft
$2,693 Estimated rent
Home value
$152,700
Estimated sales range
Not available
$2,693/mo
Zestimate® history
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List your homeWhat's special
Windows with classic awningsCovered front porchCharming brick fireplaceCozy studio-style layoutTwo bedrooms
Zillow last checked:
Listing updated:
Listed by:
Harrison Lilly,
Harrison Lilly,
Chris Rux,
Harrison Lilly
Bought with:
Amy Spears
Coldwell Banker Group One Realty
Source: NELAR,MLS#: 215288
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Description: Floor: Wood
- Level: First
- Area: 141.76
Bedroom
- Description: Floor: Wood
- Level: First
- Area: 154.29
Bedroom 1
- Description: Floor: Wood
- Level: First
- Area: 153.48
Dining room
- Description: Floor: Lvp
- Level: First
- Area: 156.03
Kitchen
- Description: Floor: Wood
- Level: First
- Area: 158.51
Living room
- Description: Floor: Wood
- Level: First
- Area: 286.9
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Range, Electric Water Heater
- Laundry: Washer/Dryer Connect
Features
- Ceiling Fan(s)
- Windows: Single Pane, Double Pane Windows, Negotiable
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: One, Living Room
Interior area
- Total structure area: 1,949
- Total interior livable area: 1,700 sqft
Property
Parking
- Parking features: Hard Surface Drv.
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch Covered, Covered Patio
- Fencing: Wood
- Waterfront features: None
Lot
- Size: 6,969 sqft
- Features: Cleared
Details
- Parcel number: 48569
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Site Build, Residential
Materials
- Other
- Roof: Architecture Style
Condition
- Year built: 1932
Utilities & green energy
- Electric: Electric Company: Entergy
- Gas: Installed, Gas Company: Atmos
- Sewer: Public Sewer
- Water: Public, Electric Company: City
Community & neighborhood
Location
- Region: Monroe
- Subdivision: Stubbs Addn
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2025 | Sold | -- |
Source:  NELAR #215288 Report a problem | ||
| 6/29/2025 | Pending sale | $140,000$82/sqft |
Source: NELAR #215289 Report a problem | ||
| 6/26/2025 | Listed for sale | $140,000$82/sqft |
Source: NELAR #215288 Report a problem | ||
| 3/28/2012 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $448 -57.9% | $9,808 |
| 2024 | $1,065 -0.9% | $9,808 |
| 2023 | $1,075 +113.9% | $9,808 +106.4% |
| 2022 | $503 +0.2% | $4,752 |
| 2021 | $502 | $4,752 |
| 2020 | $502 +0.6% | $4,752 |
| 2019 | $499 -0.1% | $4,752 |
| 2018 | $499 -5.1% | $4,752 |
| 2017 | $526 +0% | $4,752 |
| 2016 | $526 +0.3% | $4,752 |
| 2015 | $524 | $4,752 |
| 2014 | $524 -36.2% | $4,752 -36.4% |
| 2013 | $822 +305.3% | $7,470 |
| 2012 | $203 | $7,470 |
| 2011 | $203 | $7,470 |
| 2010 | -- | $7,470 |
Find assessor info on the county website
Neighborhood: Garden District
Nearby schools
GreatSchools rating
- NALexington Elementary SchoolGrades: PK-2Distance: 1.6 mi
- 5/10Robert E. Lee Junior High SchoolGrades: 7-8Distance: 1.2 mi
- 7/10Neville High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Middle: Neville Junior High School
- High: Neville Cy
Source: NELAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$152,700
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With Zillow Showcase(estimated)
$155,754
- Louisiana
- Ouachita Parish
- Monroe
- 71201
- Garden District
- 505 Stubbs Ave
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