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$595,000

  • Sold
  • Closed
  • Duplex
  • 8 Beds
  • 5 Total Baths
  • 2,572 Sq. Ft.
  • Updated 5 days ago

Listed By: LISA ANN. SCHEIRMAN | Homesmart Realty Group - Monmouth | (503) 949-2411
Sold by TIFFANY. BOUCHARD | Homesmart Realty Group - Dallas | Agent: 503-949-2411

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Well-located 4 bed, 2.5 bath duplex in an established neighborhood with proven rental history. Gross rents $4,250-$4,300/mo, tenants pay all utilities, supporting strong cap-rate potential. Each unit includes a single-car garage, gas fireplace, gas heat, canned lighting, ½ bath on main and 2 full baths up. Low-maintenance Hardi-plank exterior, shingled peaks, comp roof. Interior W/D, fenced yard. Easy commute to Salem, Albany & Corvallis. Professionally managed.

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

General

  • Sold For: $595,000
  • Taxes: $5,460 (2025)
  • Status: Closed
  • Type: Duplex
  • Source: WVMLS
  • MLS ID: 835893
  • Added to Site: 116 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.: $231.34
  • Price Per Acre: $4,615,384.62
  • Assessment Year: 1997
  • Assessment Amount: $55
  • Tax Amount: $5,460
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 1

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NMLS#: 1598647

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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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 406 Madrona (-408) St E

Date
Details
Price
Change
Source
3/27/2026
Sold
$595,000
-0.83%
MLS
1/30/2026
Price Reduced
$600,000
-1.62%
MLS
1/15/2026
Price Reduced
$609,900
-2.42%
MLS
12/20/2025
Listed
$625,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Price Reduced near 406 Madrona (-408) St E

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11515 Buena Vista Rd, Independence, OR 97351 - Photo 1 Price Reduced
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Recent Sales near 406 Madrona (-408) St E

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858 Main St E, Monmouth, OR 97361 - Photo 1 Sold
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Listed By: KAREN. PETERS | Sundance Realty Llc
Sold by MELINA. TOMSON | Tomson Burnham, Llc

406 Madrona (-408) St E, Monmouth, OR 97361 (MLS# 835893) is a Duplex property that was sold at $595,000 on March 27, 2026. 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.