Listing provided courtesy of CONNECTED REAL ESTATE GROUP- MLS# 823213MLS ProviderContact Information: Agent: 541-740-1466

505 Broad St SMonmouth, OR 97321

Single Family · 4 Beds · 1 Full Bath · 1,085 Sq. ft. | 0.28 Acres
$295,000 ACTIVE

505 Broad St S Overview

Time on Site:
592 days
Visits:
19

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!

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505 Broad St S Facts & Features

  • Type Single Family
  • Sq. ft. 1,085
  • Price/Sq.ft. $272
  • Lot 0.28 Acres

Details

General

School Information

  • Elementary School: Monmouth
  • Middle Or Junior School: Talmadge
  • High School: Central

Building Information

  • Year Built: 1940

Location/Region

  • County Or Parish: Polk
  • MLS Area Major: 95 POLK COUNTY

Tax Information

  • Tax Annual Amount: 2339

General Information

  • Property Sub Type: Residence
  • Property Type: Residential
  • Senior Community: No
  • Zoning: RM

Interior

Parking Information

  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 4

General Information

  • Accessibility Features: No
  • Flooring: Carpet,Vinyl
  • Foundation Details: Continuous
  • Living Area: 1085
  • Stories Total: 2 Story

Exterior

Lot Information

  • Lot Features: Dimension Above
  • Lot Size Acres: 0.28
  • Lot Size Dimensions: 61 x 187
  • Lot Size Square Feet: 11994
  • Water Source: City

Building Exterior/Construction

  • Construction Materials: Asbestos
  • Patio And Porch Features: Patio
  • Roof: Composition

General Information

  • Fencing: Partial
  • Other Structures: Separate Shop,Shed

505 Broad St S Neighborhood

Community

97321 (ALBANY) Demographics

42
Median Age
391
Population Density (per sq. mile)
45%
College Educated
$76,107
Estimated Median Income
7,801
Estimated Total Home Owners
2,606
Estimated Total Renters
75% / 25%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

505 Broad St S Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

505 Broad St S Market Data

Based on the last 30 days in this zip code

$631,331
Average List Price
$282
Average Price per Square Foot
53
Properties Sold
84
Average Days on Market
209
Properties for Sale
Calculations provided by Reliance Network

505 Broad St S History

Date Event Value Agent
6/5/2026Source: Willamette Valley MLS Status Change
ACTIVE
5/30/2026Source: Willamette Valley MLS Status Change
ACTIVE UNDER CONTRACT
5/23/2026Source: Willamette Valley MLS Price Reduction
$295,000 -4.8%
9/30/2025Source: Willamette Valley MLS Price Reduction
$310,000 -4.6%
6/25/2025Source: Willamette Valley MLS Price Reduction
$325,000 -7.1%
11/14/2024Source: Willamette Valley MLS Added to Database
November 14, 2024