Home For Sale In Monroe, Oregon

house for sale

Listed: 04/21/24

980 Commercial Street, Monroe, Benton County, OR 97456, USA

6 Bed:

2 Bath:

3,300 Sq Ft Living Area:

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Price

$ 549,000

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About This House

Located in Monroe, the heart of Oregon's wine country. The Alpine Inn is a restored 1912 Craftsman with 6 bedrooms and currently 2 bathrooms. There is potential to put 4 more bathrooms in the closets of the upstairs bedrooms to make suites. There have been only two other previous owners. Currently it is operating as a boarding house but could be a Bed and Breakfast. There is a full unfinished basement, detached garage (no value) and extra city lot. The current rates of $40 a night are well below market rates. Annual income is$78, 000.The property is being sold as is. Seller to do no repairs. Escrow hold back for new roof. Furnishings negotiable outside of escrow. Contingent on Seller closing on replacement property.

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Original listing

Monroe Housing & Living

Household Income

Median household income: $42,750

Number of households: 239

The average household income in Monroe, OR grew from $36,979 to $42,750 in the past year. This data is an estimate based upon 239 households in Monroe, OR.
The chart below presents how household income is distributed in Monroe, OR in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Monroe, OR compared to median property taxes around the country. The prevalent amount of property taxes in Monroe, OR equals $2k-$3k , which is less than the national average.