Price Reduction - Primary on Main
Address
505 Broad St S, Monmouth, OR
Price
$ 265,000
Property Attributes
- MLS#823213
- TypeSingle Family
- Listing Status Active
- MunicipalityMonmouth
- CountyPOLK
- CityMonmouth
- Area95 POLK COUNTY
- Zip97361
- Style2 Story
- Year Built1940
- Taxes$ 2339
- Price$ 265,000
- Bedrooms4
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1085
- Lot Size0.28 Acres
Data Source:
Willamette Valley MLS (WVMLS)
Property Description
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 propertyâs 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 propertyâs 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. Donât miss out on this one-of-a-kind opportunity!
| Elementary School | Middle School | High School |
|---|---|---|
| Monmouth Elementary School | Talmadge Middle School | Central High School |
| Price History | |
|---|---|
| 11/14/2024 | Listed $350,000 |
| 6/25/2025 | 8$325,000 |
| 10/1/2025 | 5$310,000 |
| 5/26/2026 | 5$295,000 |
| 9/8/2026 | 11$265,000 |
General Features
| Kitchen Level | 1/Main |
|---|---|
| Possession | COE |
| Zoning | RM |
| Water | City |
| New Construction | No |
| Water Heater | Electric |
| County | Polk |
| Class | Residential |
| Type | Residence |
| Yearly Taxes | 2339 |
| Location | Front door |
| Roof | Composition |
| Associated Document Count | 1 |
| Status | ACTIVE |
| 55+ Community | No |
| Assessments or Liens | No |
| Subdivision | OR |
| Handicap Amenities | No |
| HOA | No Association |
| Sale/Rent | For Sale |
| Green Home | No |
| Primary City | Monmouth |
| Year Built | 1940 |
| City | Monmouth |
| Middle School | Talmadge |
| HOME WARRANTY | No |
| High School | Central |
| DOM | 664 |
| Postal Code | 97361 |
| Price Per Sq Ft Total AG | 244.24 |
| Price Per Sq Ft Total AG | 244.24 |
| TERMS SELLER WILLCONSIDER | Cash,Rehab Loan |
Interior Features
| Dining Room Level | 1/Main |
|---|---|
| Living Room Level | 1/Main |
| Flooring | Carpet,Vinyl |
| Beds | 4 |
| Total Baths | 1 |
| Full Baths | 1 |
| Dining Room | Area (Combination) |
| Baths on Level 1 | 1 |
| Dual Living | Other (Refer to remarks) |
| Heating-Cooling | Electric,Floor Furnace |
| Dishwasher | No |
| Disposal | No |
| High Speed Comm Access | Available |
| Total Baths | 1 |
Exterior Features
| Foundation | Continuous |
|---|---|
| Garage Type | Detached |
| Price per Acre | 946428.57 |
| Lot Size Area | 0.28 |
| Garage Capacity | 2 |
| Approx Lot Dimensions | 61 x 187 |
| Water Rights | No |
| Exterior Color | Light red |
| Siding Style | Lap |
| Outbuildings | Separate Shop,Shed |
| Flood Plan | No |
| Patio | Patio |
| Landscape | Yes |
| Timber | No |
| Siding | Asbestos |
| Fenced Yard | Partial |
| Lot Type | Dimension Above |
| Lot | 2300 |
| SEWER - CITY | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 97361
Price
Taxes
Year Built
Visits
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Copyright © 2026 WVMLS. All Rights Reserved. Information last updated on September 11, 2026 10:07 PM UTC
