$450,000
 $2,347 est/mo Sourced by Back At You

1116 Medlin Road,Monroe, NC 28112

Monroe, NC 28112

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Description

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 this rare find in the Sunset/Franklin neighborhood where large, developable acreage within city limits is a finite resource. Don't miss the chance to bring modern infill density to a location that maintains its distinct neighborhood character.

Details

MLS #4378370
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1920
Days On Site140
Listing Provided ByKeller Williams Ballantyne Area | Thomas Elrod

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet3,246
Story(s)1
ZoningAQ4
Acreage5.09

Interior

CoolingCentral Air
HeatingForced Air, Natural Gas
AppliancesOven

Exterior

Construction MaterialsAsbestos
Foundation DetailsCrawl Space
Lot FeaturesRolling Slope

Parking

Garage Yes / NoNo
Parking FeaturesDriveway

Utilities

UtilitiesElectricity Connected, Natural Gas

Other

List AorCanopy Realtor Association

Taxes

Property495200

Area Information

StateNC
CountyUnion
CityMonroe
Zip Code28112
AreaUnion
School DistrictMonroe
Elementary SchoolEast
High SchoolMonroe
Listing VS Median (in 28112)
Price:
$450,000
low | high
Med:
$434,840
53.368888888889% of Average
sqft:
3,246
low | high
Med:
2,586
70.332717190388% of Average
$ / sqft:
$139
low | high
Med:
$168
28.605760939727% of Average
On site:
140
low | high
Med:
6
100% of Average
Sourced by Back At You

Market Activity 28112

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 2, 2026 at 2:56:22 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateNC
CountyUnion
CityMonroe
Zip Code28112
AreaUnion
School DistrictMonroe
Elementary SchoolEast
High SchoolMonroe
Listing VS Median (in 28112)
Price:
$450,000
low | high
Med:
$434,840
53.368888888889% of Average
sqft:
3,246
low | high
Med:
2,586
70.332717190388% of Average
$ / sqft:
$139
low | high
Med:
$168
28.605760939727% of Average
On site:
140
low | high
Med:
6
100% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 10:15:11 PM PDT