Downtown Monroe Rental
For Sale
$47,000
Pending
503 PLUM STREET, Monroe, LA 71202
MULTI_FAMILY - Monroe, LA
Property SizeContact for details
Lot Size0.12 Acres
Days on Market48
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
Subdivision
OUACHITA COTTON
Standard status
Pending
APN
75272
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
Central 1/3 lots 25 & 26 SQ 29 Ouachita Cotton Mills
Legal Description
Central 1/3 lots 25 & 26 SQ 29 Ouachita Cotton Mills
Utilities
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
covered front porch
central heat and air
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 29
Last Checked: Aug 9 at 7:06PM
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 for-sale residential income property is a three-bedroom, one-bath bungalow with central heat and air. The home is described as well-maintained frame construction on a crawl space foundation and includes a covered front porch. An existing long-term tenant is in place and would like to remain.
The property is located in Downtown Monroe, with access to shopping, dining, schools, and major roadways.
The seller’s remarks also note two additional investment properties that may be purchased as a package, offering the opportunity to expand a portfolio by adding more income-producing homes.
The property is located in Downtown Monroe, with access to shopping, dining, schools, and major roadways.
The seller’s remarks also note two additional investment properties that may be purchased as a package, offering the opportunity to expand a portfolio by adding more income-producing homes.
Key Highlights
- 3‑bedroom, 1‑bath bungalow with just under 1,200 heated SF and a long‑term tenant in place
- Immediate rental income of $600 per month with tenant who would like to remain
- Central heat and central air with electric cooling; ceiling fan(s) included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
Business Placement
Demographics for 71202, LA
27,535
Population
11,119
Households
2.5
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
115.4 sq mi
ZIP Area
239
Density / Sq Mi
$26,883
Median Household Income
$21,895
Median Earnings
$827
Median Rent
$77,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Three-bedroom, one-bath bungalow with central heat and air and an existing 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 bungalow with just under 1,200 heated SF and a long‑term tenant in place; Immediate rental income of $600 per month with tenant who would like to remain; Central heat and central air with electric cooling; ceiling fan(s) included
