Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$609,900 -$15,100 (-2.42%) Price Reduced

  • For Sale
  • Active
  • Duplex
  • 8 Beds
  • 5 Total Baths
  • 2,572 Sq. Ft.
  • Updated 1 day ago

Listed By: LISA ANN. SCHEIRMAN | Homesmart Realty Group - Monmouth | (503) 949-2411 | Agent: 503-949-2411

See This Home
Save This Home
See This Home
Save This Home
Located in established neighborhood w/ excellent rental history. Investment property or Owner-occupied. Rents gross $4,250-$4,300/mo. Well-built 4 bed/2.5 bath duplex w/ each unit having a single car garage. Gas fireplace, gas heating, & canned lights. 1/2 bath downstairs, 2 full baths upstairs. Hardi-plank, shingled siding on peaks, comp roof all make this a low maintenance rental. Interior W/D area & fenced yard. Tenant pays for utilities. Easy commute to Salem, Albany, Corvallis. Professionally managed.

Full Property Details for 406 Madrona (-408) St E

General

  • Price: $609,900
  • Taxes: $5,460 (2025)
  • Status: Active
  • Type: Duplex
  • Source: WVMLS
  • MLS ID: 835893
  • Updated: 1/15/2026
  • Added to Site: 27 day(s) ago

Interior

  • Flooring: Carpet, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 8

Exterior

  • Color: Teal Green

Location

  • County: POLK COUNTY
  • Driving Directions: Hwy 22, South on Hwy 99, Right/West on Madrona St, corner of Madrona and Ecols

School Information

  • Middle School: Talmadge
  • High School: Central

Heating & Cooling

  • Heating Type: Central AC, Forced Air
  • Heating Fuel: Central AC, Forced Air

Utilities

  • Sewer: City
  • Water: City

Structural Information

  • Roof: Composition
  • Square Feet: 2,572
  • Year Built: 1997

Unit Information

  • Units in Building: 2

Unit 1

  • Square Feet: 1286
  • Total Bathrooms: 2.5
  • Bedrooms: 4

Unit 2

  • Square Feet: 1286
  • Total Bathrooms: 2.5
  • Bedrooms: 4

Unit 4

  • Level: AmeriTitle

Unit 5

  • Square Feet: 4

Lot Features

  • Lot Size (Acres): 0.13
  • Frontage Feet: 1286
  • Zoning: RH
  • Lot Description: 1

Financial Considerations

  • Price Per Sq. Ft.: $237.13
  • Price Per Acre: $4,691,538.46
  • Assessment Year: 1997
  • Assessment Amount: $55
  • Tax Amount: $5,460
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 1

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 406 Madrona (-408) St E

School District:Central School District 13j
NameGradesDistance
Monmouth Elementary School
958 Church Street East, Monmouth, OR 97361
K-50.5 mi
Talmadge Middle School
51 South 16th Street, Independence, OR 97351
6-81.2 mi
Central High School
1530 Monmouth Street, Independence, OR 97351
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 406 Madrona (-408) St E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Price Reduced
$609,900
-2.42%
MLS
12/20/2025
Listed
$625,000
33.01%
MLS
4/06/2021
Sold
$469,900
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 406 Madrona (-408) St E

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,256
-4%
$309,580
3%
2023
$5,476
12%
$300,570
6%
2021
$4,872
-1%
$283,330
-3%
2022
$4,928
1%
$291,820
6%
2021
$4,872
7%
$275,080
3%
2019
$4,542
4%
$267,070
3%
2018
$4,386
1%
$259,300
3%
2017
$4,362
—
$251,750
3%
2016
$4,353
8%
$244,420
5%
2015
$4,038
6%
$232,190
7%
2014
$3,793
-5%
$216,670
-9%
2013
$4,005
—
$237,310
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 406 Madrona (-408) St E

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Just Listed near 406 Madrona (-408) St E

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

210 SE Clay St, Dallas, OR 97338 - Photo 1 Just Listed
$355,000
Open House

210 SE Clay St  Dallas, OR 97338

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 1
    Total Bath
  • 1,331
    Sq. Ft.
Listed By: ESTHER T. STEWART | Exp Realty, Llc
705 SE Stoneridge Ln, Dallas, OR 97338 - Photo 1 Just Listed
$588,000
Open House

705 SE Stoneridge Ln  Dallas, OR 97338

  • Single Family
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 3
    Total Baths
  • 2,354
    Sq. Ft.
Listed By: TINA. SMITH | Homesmart Realty Group and PETER. ALOTTA | Homesmart Realty Group
1997 SE Virginia Dr, Dallas, OR 97338 - Photo 1 Just Listed
$399,000

1997 SE Virginia Dr  Dallas, OR 97338

  • Manufactured Home
  • Active
  • Updated 1 day ago
  • 5
    Beds
  • 3
    Total Baths
  • 1,728
    Sq. Ft.
Listed By: KASSIDY. BARRICK | Coldwell Banker Professional Group
375 Pioneer Rd, Dallas, OR 97338 - Photo 1 Just Listed
$769,000

375 Pioneer Rd  Dallas, OR 97338

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 2,088
    Sq. Ft.
Listed By: CATHI. CALDWELL | Homesmart Realty Group and BAILEY. OLSON | Homesmart Realty Group

Price Reduced near 406 Madrona (-408) St E

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

212 Picture St, Independence, OR 97351 - Photo 1 Price Reduced
-$1,000 (-0.27%)
$374,000

212 Picture St  Independence, OR 97351

  • Single Family
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 1
    Total Bath
  • 1,241
    Sq. Ft.
Listed by HomeSmart Realty Group, Richard Crafts
6360 Corvallis Rd, Independence, OR 97351 - Photo 1 Price Reduced
-$30,000 (-3.41%)
$849,000

6360 Corvallis Rd  Independence, OR 97351

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 3
    Total Baths
  • 2,702
    Sq. Ft.
Listed By: KIMBERLY & TODD. GRAY | Homestar Brokers
Lot 1600 N 16th St, Independence, OR 97351 - Photo 1 Price Reduced
-$10,100 (-2.53%)
$389,900

Lot 1600 N 16th St  Independence, OR 97351

  • Lots/Land
  • Active
  • Updated 6 hours ago
  • 6.71
    Acres
Listed By: KATY. ROSECRANS | Smi Real Estate
212 Picture St, Independence, OR 97351 - Photo 1 Price Reduced
-$1,000 (-0.27%)
$374,000

212 Picture St  Independence, OR 97351

  • Single Family
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 1
    Total Bath
  • 1,241
    Sq. Ft.
Listed By: RICHARD. CRAFTS | Homesmart Realty Group

Recent Sales near 406 Madrona (-408) St E

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

858 Main St E, Monmouth, OR 97361 - Photo 1 Sold
$520,000

858 Main St E  Monmouth, OR 97361

  • Single Family
  • Sold
  • 4
    Beds
  • 2
    Total Baths
  • 1,936
    Sq. Ft.
Listed and Sold by Windermere RE Lane County, Joel Dunham
1369 Bentley E St, Monmouth, OR 97361 - Photo 1 Sold
$549,000

1369 Bentley E St  Monmouth, OR 97361

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 1,554
    Sq. Ft.
Listed By: KAREN. PETERS | Sundance Realty Llc
Sold by MELINA. TOMSON | Tomson Burnham, Llc
580 Walnut Ct S, Monmouth, OR 97361 - Photo 1 Sold
$660,000

580 Walnut Ct S  Monmouth, OR 97361

  • Single Family
  • Closed
  • 3
    Beds
  • 2
    Total Baths
  • 2,186
    Sq. Ft.
Listed By: LAURA. WOODCOCK | Real Broker
Sold by MOLLY. EDWARDS | Homesmart Realty Group
580 Walnut Ct S, Monmouth, OR 97361 - Photo 1 Sold
$660,000

580 Walnut Ct S  Monmouth, OR 97361

  • Single Family
  • Sold
  • 3
    Beds
  • 2
    Total Baths
  • 2,186
    Sq. Ft.
Listed by Real Broker, Laura Woodcock
Sold by Non Rmls Broker, OR and WA Non Rmls

406 Madrona (-408) St E, Monmouth, OR 97361 (MLS# 835893) is a Duplex property with 8 bedrooms and 0 full bathrooms. 406 Madrona (-408) St E is currently listed for $609,900 and was received on December 20, 2025. Want to learn more about 406 Madrona (-408) St E? Do you have questions about finding other Duplex real estate for sale in Monmouth? You can browse all Monmouth real estate or contact a Coldwell Banker agent to request more information.

Tour this property