1116 Medlin Rd Monroe, NC 28112
Estimated payment $3,152/month
About This Lot
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.
Listing Agent
Keller Williams Ballantyne Area Brokerage Email: listings@hprea.com License #268537 Listed on: 05/15/2026
Co-Listing Agent
Keller Williams Ballantyne Area Brokerage Email: listings@hprea.com License #134257
Property Details
Property Type
- Land
Lot Details
- 5.09 Acre Lot
- Property fronts a state road
- Possible uses of the property include Commercial, Development, Residential
- Property is zoned RLD, AQ4
Schools
- East Elementary School
- Monroe Middle School
- Monroe High School
Utilities
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 09-197-027 + 09-197-028
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,091 | $437,300 | $59,000 | $378,300 |
| 2024 | $1,787 | $279,800 | $35,900 | $243,900 |
| 2023 | $1,743 | $279,800 | $35,900 | $243,900 |
| 2022 | $1,743 | $279,800 | $35,900 | $243,900 |
| 2021 | $1,773 | $279,800 | $35,900 | $243,900 |
| 2020 | $1,463 | $184,730 | $23,630 | $161,100 |
| 2019 | $1,450 | $184,730 | $23,630 | $161,100 |
| 2018 | $1,450 | $184,730 | $23,630 | $161,100 |
| 2017 | $1,543 | $184,700 | $23,600 | $161,100 |
| 2016 | $1,516 | $184,700 | $23,600 | $161,100 |
| 2015 | $1,534 | $184,700 | $23,600 | $161,100 |
| 2014 | $2,636 | $207,030 | $35,100 | $171,930 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/15/2026 05/15/26 | For Sale | $549,900 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Warranty Deed | $500 | -- |
Source: Canopy MLS
MLS Number: 4378512
APN: 09-197-027
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Based on information submitted to the MLS GRID
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