1116 Medlin Road, Monroe, NC 28112

Monroe
Local realty services provided by:Better Homes and Gardens Real Estate Integrity Partners
Listed by: thomas elrod, alvaro aguilar
Office: keller williams ballantyne area
MLS#:4378370
Source:CH
1116 Medlin Road,Monroe, NC 28112
$450,000
Virtual Tour
  • 4 Beds
  • - Baths
  • 3,246 sq. ft.
  • Single family
  • Active

Price summary

  • Price:$450,000
  • Price per sq. ft.:$138.63

About this home

Prime development opportunity in the heart of Monroe! This expansive ±5.10-acre site, comprised of two contiguous parcels, offers a unique high-yield residential pivot. Zoned RLD (Residential Low Density) within the City of Monroe jurisdiction, the property is ideally positioned for a boutique residential cluster subdivision with a potential yield of 10-14 lots. Unlike many rural tracts, this site benefits from superior access to city water and sewer services. The property features a charming 3,218 sq. ft. home built in 1920, which can be reimagined as a central clubhouse, HOA amenity center, or administrative office to anchor your new development. Alternatively, the site is well-suited for institutional uses such as assisted living, daycare, or private educational facilities via a Special Use Permit (SUP) through the Board of Adjustment. With two manageable parcels (2.69 and 2.41 acres), investors can explore phased development or immediate resale of one half. Take advantage of...

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Home facts

  • Year built:1920
  • Subdivision & Development:None
  • Listing ID #:4378370
  • Updated:September 25, 2026 at 01:58 PM

Rooms and interior

  • Bedrooms:4
  • Full bathrooms:2
  • Flooring:Carpet, Tile
  • Kitchen Description:Oven
  • Living area:3,246 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:1920
  • Building area:3,246 sq. ft.
  • Lot area:5.09 Acres
  • Lot Features:Rolling Slope
  • Architectural Style:Bungalow
  • Construction Materials:Asbestos
  • Foundation Description:Crawl Space

Schools

  • High school:Monroe
  • Elementary school:East

Utilities

  • Water:Well
  • Sewer:Septic (At Site)

Finances and disclosures

  • Price:$450,000
  • Price per sq. ft.:$138.63

Features and amenities

  • Laundry features:Laundry Room, Main Level

Parking

  • Parking description:Driveway
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