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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.
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
Amenities
Monthly Cost Estimate
$2,941/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1116 Medlin Road
Monroe, NC 28112
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
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.








