503 Plum Street
Monroe, LA 71202
3
Bed
0
Bath
0.12Acre(Lot)
Investor Opportunity in Downtown Monroe! Calling all investors! This 3-bedroom, 1-bath bungalow in the heart of Downtown Monroe offers an excellent opportunity to add a cash-flowing property to your portfolio. With just under 1,200 heated square feet, central heat and air, and a well-maintained frame construction with crawl space foundation, this home provides solid investment potential. A long-term tenant is already in place and would like to remain, providing immediate rental income of $600 per month. The home also features a welcoming covered front porch, adding to its charm and tenant appeal. Conveniently located near shopping, dining, schools, and major roadways, this property offers easy access to everything Monroe has to offer. Bonus Opportunity: Seller also has two additional i
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Room Information
Basement: Crawl Space -
Roofing Information
Asphalt -
Interior Features
Ceiling Fan(s) Roof: Asphalt Appliances: Gas Water Heater Laundry Features: In Unit -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air, Electric
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Building Information
Year Built: 1929 Building Area Total: 1196 Construction Materials: Vinyl Siding, Frame Patio And Porch Features: Covered Private Pool: No
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Lot Information
Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5227.2Property Information
Subdivision: OUACHITA COTTON Source Property Type: Residential Income Property SubType: Single Family Residence Property Age: 97
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Listing Price Information
Listing Price: $47000
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Tax Information
Parcel Number: 75272 Tax Legal Desc: Central 1/3 lots 25 & 26 SQ 29 Ouachita Cotton Mills
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Utility Information
Natural Gas Available, Natural Gas Connected -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 525 Crawford Road, Monroe, LA, 71202 | $189,900 | 2 | 2 | 1,554 | 1,554 SqFt |
| 302 Cotton Trace, Monroe, LA, 71202 | $399,000 | 4 | 3 | 2,249 | 2,249 SqFt |
| 1948 Harmon Johnson Road, Monroe, LA, 71202 | $94,500 | 3 | 2 | 1,461 | 1,461 SqFt |
| 2977 Winnsboro Road, Monroe, LA, 71202 | $490,000 | 4 | 3 | 2,617 | 2,617 SqFt |
| 3005 Halsell Street, Monroe, LA, 71202 | $35,000 | 3 | 2 | 1,498 | 1,498 SqFt |
| 206 Keeble Drive, Monroe, LA, 71202 | $299,900 | 5 | 3 | 4,021 | 4,021 SqFt |
| 1513 S 10th Street, Monroe, LA, 71202 | $65,000 | 4 | -- | -- | |
| 1500 S 10th Street, Monroe, LA, 71202 | $46,000 | 3 | -- | -- | |
| 1607 Burroughs Street, Monroe, LA, 71202 | $75,000 | 3 | 2 | 1,056 | 1,056 SqFt |
| 1603 Dilling Street, Monroe, LA, 71202 | $65,000 | 3 | 1 | 1,040 | 1,040 SqFt |
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ByOwner last updated this listing 08/26/2026 @ 10:48
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