Single-Family Rental
503 PLUM STREET Monroe, LA 71202
For Sale
$47,000
MULTI_FAMILY - Monroe, LA
Property Size1,200 SF
Lot Size0.12 Acres
Price / SF$39.17
Days on Market33
Property Features for 503 PLUM STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fan(s)
- Exterior features
- Hard Surface Drive
- Appliances
- Washer/Dryer Connect
- Standard status
- Active
- APN
- 75272
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- Central 1/3 lots 25 & 26 SQ 29 Ouachita Cotton Mills
Utilities
- Heating system
- Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1929
- Number of units
- 1
- Roof type
- Shingle
Listing Agency:
Vanguard Realty
(318) 855-2925
Listed By:
Shelly Witherington
(318) 355-8447
Added: Jun 23
Changed: Jul 16
Last Checked: Jul 25 at 3:06PM
MLS# 219840
Copyright © 2026 Northeast Louisiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3-bedroom, 1-bath bungalow at 503 Plum Street is offered as a residential income property. The home includes central heat and air and is built with frame construction on a crawl space foundation. A covered front porch adds a welcoming entry, and the layout is sized at just under 1,200 heated square feet.
The property is located in downtown Monroe, with access to shopping, dining, schools, and major roadways. A long-term tenant is already in place and would like to remain, supporting immediate rental income of $600 per month.
For investors seeking a turn-key rental with existing occupancy, this home provides a single-family configuration that can fit portfolios looking for an income-producing asset from day one. The seller also has two additional investment properties available that may be purchased as a package, offering the option to build a larger combined portfolio depending on the buyer’s needs.
The property is located in downtown Monroe, with access to shopping, dining, schools, and major roadways. A long-term tenant is already in place and would like to remain, supporting immediate rental income of $600 per month.
For investors seeking a turn-key rental with existing occupancy, this home provides a single-family configuration that can fit portfolios looking for an income-producing asset from day one. The seller also has two additional investment properties available that may be purchased as a package, offering the option to build a larger combined portfolio depending on the buyer’s needs.
Key Highlights
- 3‑bedroom, 1‑bath downtown Monroe bungalow with about 1,200 heated SF
- Long‑term tenant in place with $600/month rental income and tenant would like to remain
- Central heat and central air (electric) plus ceiling fan(s)
Property Analytics
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - 3-bed, 1-bath bungalow with central heat and air and an in-place long-term tenant.
Where is this single family property located?
The property is located at 503 PLUM STREET Monroe, LA.
What is the asking price?
The asking price for this property is $47,000.
What are key features of this property?
This property features: 3‑bedroom, 1‑bath downtown Monroe bungalow with about 1,200 heated SF; Long‑term tenant in place with $600/month rental income and tenant would like to remain; Central heat and central air (electric) plus ceiling fan(s)
