$595,000
SOLD MAR 27, 2026

406 Madrona (-408) St E Monmouth, OR 97361

Monmouth Area
8 Beds
5 Baths
2,572 Sq Ft
5,540 Sq Ft Lot

Sale Details

Date Sold: March 27, 2026

$231 Per Sq Ft

5% Below List Price

97 Days on Market

Highlights

  • Living Room with Fireplace
  • Covered Patio or Porch
  • Landscaped
  • Territorial View
  • Fenced Yard
  • 5-minute walk to Main Street Park

About This Home

As of March 2026

Well-located 4 bed, 2.5 bath duplex in an established neighborhood with proven rental history. Gross rents $4,250–$4,300/mo, tenants pay all utilities, supporting strong cap-rate potential. Each unit includes a single-car garage, gas fireplace, gas heat, canned lighting, 1⁄2 bath on main and 2 full baths up. Low-maintenance Hardi-plank exterior, shingled peaks, comp roof. Interior W/D, fenced yard. Easy commute to Salem, Albany & Corvallis. Professionally managed.

Last Agent to Sell the Property

Lisa Ann Scheirman

HOMESMART REALTY GROUP - MONMOUTH License #200503017 Listed on: 12/08/2025

HOMESMART REALTY GROUP - MONMOUTH

Last Buyer's Agent

TIFFANY BOUCHARD

HOMESMART REALTY GROUP - DALLAS License #201217730

HOMESMART REALTY GROUP - DALLAS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,460

Year Built

  • Built in 1997

Lot Details

  • 5,540 Sq Ft Lot
  • Lot Dimensions are 55x100
  • Fenced Yard
  • Landscaped

Home Design

  • Duplex
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 2,572 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Territorial Views
  • Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Talmadge Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenant's Property
  • Tax Lot 1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,460

Year Built

Built in 1997

Lot Details

5,540 Sq Ft Lot

Listing Details

  • Class: Multi Family
  • Type: Duplex
  • Dual Living: Possible, Other (Refer To Remarks)
  • Range Facility: Electric, Microwave Included, Range Included
  • Syndicated Remarks: Well-located 4 bed, 2.5 bath duplex in an established neighborhood with proven rental history. Gross rents $4,250–$4,300/mo, tenants pay all utilities, supporting strong cap-rate potential. Each unit includes a single-car garage, gas fireplace, gas heat, canned lighting, ½ bath on main and 2 full baths up. Low-maintenance Hardi-plank exterior, shingled peaks, comp roof. Interior W/D, fenced yard. Easy commute to Salem, Albany & Corvallis. Professionally managed.
  • Cross Street: Ecols Street
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwasher: Yes
  • Exclusions: Tenant's Property
  • Fireplace: Living Room, Gas
  • Refrigerator: Refrigerator Included
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Dining Room: Area (Combination)
  • Laundry: W/D Included

Exterior Features

  • Patio: Covered Patio
  • Exterior Color: Teal Green
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap
  • View: Territorial

Utilities

  • Heating: Central Ac, Forced Air
  • High Speed Comm Access: Available
  • Water: City
  • Sewer: City

Lot Info

  • Acres: 0.13
  • Estimated Lot Dimensions: 55x100
  • Estimated Lot Sq Ft: 5540
  • Lot: 1
  • Lot Type: Dimension Above
  • Zoning: RH
  • Property Use Type: Investment, Vacant/Owner-User
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2025
  • Tax Amount: 5460

Multi Family

  • Unit Types: Town Home
  • Number Of Units: 2

MLS Schools

  • HighSchool: Central
  • Middle School: Talmadge

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2026
Sold by
Bought by
Current Estimated Value
$595,132

Purchase Details

Listed on
Dec 8, 2025
Closed on
Mar 25, 2026
Sold by
Bought by
Seller's Agent
Lisa Ann Scheirman
HOMESMART REALTY GROUP - MONMOUTH
Buyer's Agent
TIFFANY BOUCHARD
HOMESMART REALTY GROUP - DALLAS
List Price
$625,000
Sold Price
$595,000
Premium/Discount to List
-$30,000
-4.8%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.07%

Purchase Details

Listed on
Jan 4, 2021
Closed on
Apr 6, 2021
Sold by
Bought by
Seller's Agent
JAKE BUCKENDORF
WINDERMERE PACIFIC WEST PROP
Buyer's Agent
Brian Johnson
WINDERMERE REALTY TRUST
List Price
$469,900
Sold Price
$469,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.86%
Original Mortgage
$399,415
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,600
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,600
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
0.036%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
0.036%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
0.0406%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 20, 2008
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Bargain Sale Deed -- None Listed On Document
Warranty Deed $595,000 First American Title
Warranty Deed $469,900 Fidelity National Title
Bargain Sale Deed -- Accommodation
Bargain Sale Deed -- Amerititle
Bargain Sale Deed -- None Available
Warranty Deed $475,000 Fidelity Natl Ttl Co Of Or
Warranty Deed $236,000 Amerititle
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Closed $399,415 New Conventional
Previous Owner $366,600 New Conventional
Previous Owner $356,250 New Conventional
Previous Owner $102,000 Seller Take Back
Source: Public Records

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 Prior Sale
03/27/2026 03/27/26 Sold $595,000 -0.8% $231 / Sq Ft
01/31/2026 01/31/26 Price Changed $600,000 -1.6% $233 / Sq Ft
01/15/2026 01/15/26 Price Changed $609,900 -2.4% $237 / Sq Ft
12/20/2025 12/20/25 For Sale $625,000 +33.0% $243 / Sq Ft
04/08/2021 04/08/21 Sold $469,900 0.0% $183 / Sq Ft View Prior Sale
01/04/2021 01/04/21 For Sale $469,900 -- $183 / Sq Ft
Source: Willamette Valley MLS

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
2026 $5,460 $328,420 $89,480 $238,940
2025 $5,256 $318,860 $86,870 $231,990
2024 $5,256 $309,580 $84,340 $225,240
2023 $5,476 $300,570 $81,890 $218,680
2022 $4,928 $291,820 $79,500 $212,320
2021 $4,872 $283,330 $77,180 $206,150
2020 $4,679 $275,080 $74,930 $200,150
2019 $4,542 $267,070 $72,750 $194,320
2018 $4,386 $259,300 $70,630 $188,670
2017 $4,362 $251,750 $68,570 $183,180
2016 $4,353 $244,420 $66,580 $177,840
2015 -- $232,190 $58,000 $174,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 835893

Willamette Valley MLS

APN: 190334

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