This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/28
$310,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/28
Property Description
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 some 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!
Full Property Details
Full Property Details for 505 Broad St S
General
- Price: $310,000
- Taxes: $2,339 (24/25)
- Status: Active
- Type: Single Family
- Source: WVMLS
- MLS ID: 823213
- Updated: 10/1/2025
- Added to Site: 428 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Exterior
- Color: Light red
Parking
- Garage Description: Detached
Location
- County: POLK COUNTY
- Driving Directions: West on Gwinn, north on Broad. Home on right.
School Information
- Elementary School: Monmouth
- Middle School: Talmadge
- High School: Central
Heating & Cooling
- Heating/Cooling: Electric, Floor Furnace
- Water Heater: Electric
Utilities
- Sewer: Yes
- Water: City
Structural Information
- Roof: Composition
- Square Feet: 1,085
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 11,994
- Zoning: RM
- Lot Description: 2300
Financial Considerations
- Price Per Sq. Ft.: $285.71
- Assessment Year: 1940
- Tax Amount: $2,339
- Tax Year: 24/25
Disclosures and Reports
- Lot Number: 2300
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 505 Broad St S
School District:Central School District 13j
| Name | Grades | Distance |
|---|---|---|
Monmouth Elementary School 958 Church Street East, Monmouth, OR 97361 | K-5 | 0.7 mi |
Talmadge Middle School 51 South 16th Street, Independence, OR 97351 | 6-8 | 1.3 mi |
Central High School 1530 Monmouth Street, Independence, OR 97351 | 9-12 | 1.2 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 505 Broad St S
Date
Details
Price
Change
Source
10/01/2025
Price Reduced
$310,000
-4.62%
MLS
6/25/2025
Price Reduced
$325,000
-7.14%
MLS
11/14/2024
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 505 Broad St S
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,245
-4%
$132,220
3%
2023
$2,339
12%
$128,370
6%
2021
$2,081
-1%
$121,010
-3%
2022
$2,105
1%
$124,640
6%
2021
$2,081
7%
$117,490
3%
2019
$1,940
4%
$114,070
3%
2018
$1,873
1%
$110,750
3%
2017
$1,863
-2%
$107,530
3%
2016
$1,904
5%
$104,400
3%
2015
$1,820
2%
$101,360
3%
2014
$1,779
8%
$98,410
3%
2013
$1,652
—
$95,550
—
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
Estimate the Cost for 505 Broad St S
505 Broad St S, Monmouth, OR 97321 (MLS# 823213) is a Single Family property with 4 bedrooms and 1 full bathroom. 505 Broad St S is currently listed for $310,000 and was received on November 14, 2024. Want to learn more about 505 Broad St S? Do you have questions about finding other Single Family real estate for sale in Monmouth? You can browse all Monmouth real estate or contact a Coldwell Banker agent to request more information.

