1116 Medlin Road, Monroe NC
- 4 Bed
- 2 Bath
- 2789 ft2
- 5.1 ac
For Sale $549,900
Remarks:
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.
General Information:
| List Price: | $549,900 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 2789 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4378370 |
| Subdivision: | None |
| Style: | Bungalow |
| Bathrooms: | 2 |
| Lot Description: | Rolling Slope |
| Year Built: | 1920 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | East |
| Middle: | Monroe |
| High: | Monroe |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 06-02-2026 | Listed | $549,900 | $198 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Union Academy Charter School | 3 miles | KG-06 | 9 |
| Wesley Chapel Elementary School | 9 miles | KG-05 | 10 |
| Prospect Elementary School | 9 miles | KG-05 | 5 |
| Poplin Elementary School | 9 miles | PK-05 | 10 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1116 Medlin Road, Monroe NC | 0 mi | $549,900 | days | |
| 1406 Lakeview Drive, Monroe NC | 0.3 mi | $469,000 | days | |
| 1414 Black Walnut Street, Monroe NC | 0.3 mi | $424,800 | days | |
| 1112 Martha Drive, Monroe NC | 0.4 mi | $469,500 | days | |
| 1302 Franklin Street, Monroe NC | 0.4 mi | $415,000 | days | |
| 1207 Rosa Drive, Monroe NC | 0.6 mi | $500,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28112
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Keller Williams Ballantyne Area
1116 Medlin Road, Monroe NC is a 2789 ft2 on a 5.090 acres lot. This is for $549,900. This has 4 bedrooms, 2 baths, and was built in 1920.
Based on information submitted to the MLS GRID as of 2026-06-02 10:16:03 EST. 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. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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