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About This Home

This 4-bedroom, 2-bathroom single family at 1116 Medlin Road in Monroe, NC is listed for $549,900 ($169 per sqft). Built in 1920, the home offers 3,246 sqft of living space on a 5.09 acres lot.

Agent 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.

Key Features

  • Built in 1920
  • 5.09 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
2 full
1920

Amenities

FireplaceA/C

Monthly Cost Estimate

$2,941/mo

20% down · 6.5% · 30 years

Principal$398
Interest$2,383
Insurance$160

Estimates only. Actual payments may vary.

Location

1116 Medlin Road

Monroe, NC 28112

Property Details

Flooring

CarpetTile

Construction

Asbestos

Parking

Driveway

Heating

Forced AirNatural Gas

Cooling

Central Air

Appliances

Oven

Questions & Answers

This 4-bedroom, 2-bathroom single family at 1116 Medlin Road is listed at $549,900 ($169/sqft). The estimated monthly payment is $2,383 based on 20% down at 6.5% interest.

Key features include: Built in 1920, 5.09 acre lot, 2 stories, Fireplace.

This property is listed by Thomas Elrod and can be reached at 7048876600 or listings@hprea.com.

TE

Thomas Elrod

Agent at Keller Williams Ballantyne Area

(704) 887-6600

Listed by Keller Williams Ballantyne Area · View on Broker Site

MLS# 4378370· Source: listhub· Updated 17 days ago

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1116 Medlin Road, Monroe, NC 28112

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