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.
Single-familyProperty Type
1920Year Built
5.09 acresLot Size
$169Price/Sq.Ft.
Listed by Thomas Elrod• Keller Williams Ballantyne Area
Listed by Alvaro Aguilar• Keller Williams Ballantyne Area
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.
CANOPYMLS as Distributed by MLS Grid #4225247
Jan 14, 2026
Relisted
—
Dec 17, 2025
Contingent
—
Sep 18, 2025
Relisted
—
Aug 14, 2025
Pending
—
Jun 7, 2025
Price Changed
$549,000
$169/sq ft
Jun 6, 2025
Relisted
—
May 8, 2025
Contingent
—
Apr 18, 2025
Relisted
—
Apr 2, 2025
Pending
—
Mar 26, 2025
Price Changed
$550,000
$169/sq ft
Feb 23, 2025
Listed
$620,000
$191/sq ft
CANOPYMLS as Distributed by MLS Grid #4182918
Sep 12, 2024
Listed
$780,000
$240/sq ft
CANOPYMLS as Distributed by MLS Grid #4176799
Aug 25, 2024
Listed
$780,000
$240/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,091 (+17.0%)
$59,000 + $378,300
$437,300
2024
$1,787 (+2.6%)
$59,000 + $378,300
$437,300
2023
$1,743
$35,900 + $243,900
$279,800
2022
$1,743 (−1.7%)
$35,900 + $243,900
$279,800
2021
$1,773 (+21.2%)
$35,900 + $243,900
$279,800
2020
$1,463 (+0.9%)
$23,600 + $161,100
$184,700
2019
$1,450
$23,600 + $161,100
$184,700
2018
$1,450 (−6.0%)
$23,600 + $161,100
$184,700
2017
$1,543 (+1.8%)
$23,600 + $161,100
$184,700
2016
$1,515 (+5.6%)
$23,600 + $161,100
$184,700
2015
$1,434 (−16.0%)
$23,600 + $161,100
$184,700
2014
$1,708 (−35.2%)
$35,100 + $171,930
$207,030
2013
$2,637 (+0.8%)
$241,200 + $143,270
$384,470
2012
$2,616 (−0.7%)
$241,200 + $143,270
$384,470
2011
$2,636
$241,200 + $143,270
$384,470
Public record
Beds
1
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
2.69 Acres
Year renovated
1920
Finished Sq. Ft.
3,218
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,218
Year built
1920
Style
Single Family Residential
County
Union County
APN
09197028
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Monroe, NC • 28112
Average low and high temperatures (°F)
50
28
57
36
70
45
76
53
77
59
88
68
91
72
84
67
82
63
74
51
67
44
54
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1116 Medlin Rd
$504,302
$46K under list price of $550K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $385K to $665K.