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Monroe Multifamily Home for Sale

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  • /22

    $699,995

    • 2 Beds
    • 1 Bath
    • 2,200 Sq Ft

    115 S Kelsey St, Monroe, WA 98272

    Charming Triplex in Downtown Monroe! This freshly painted property features a newer roof and strong investment potential. It includes an upper-level 2 bed/1 bath unit—beautifully remodeled—and two lower-level studio apartments. Shared laundry and ample storage in the basement. Enjoy a fenced backyard, two parking spaces in the rear, and three more in front. Fully occupied since 2021 with tenants

    Ava Cannon John L. Scott Snohomish

    115 S Kelsey St, Monroe, WA 98272

About Monroe

Monroe, known as the Gateway to the Sky Valley, is a bedroom community situated at the confluence of the Snohomish, Skykomish, and Snoqualmie Rivers, intersected by three major highways. This location makes it convenient for residents commuting to Seattle, Bellevue, and Everett. Monroe offers a variety of recreational opportunities, including fishing, hiking, skiing, and rock climbing, making it ideal for outdoor enthusiasts. The neighborhood features a mix of expansive three to five-bedroom homes, split-levels, ramblers, and modern houses on large lots, with new construction focusing on middle housing like duplexes and mixed-use buildings. Monroe's historic downtown adds charm while the community adapts to growth, preserving open spaces as per Washington State's growth management act. Local highlights include Lake Tye Park, a 64-acre park with a recreational lake, loop trail, picnic shelters, sports courts, and a playground. Evergreen Speedway and Evergreen Equestrian Park offer racing and equestrian events, respectively. Dining options include Monroe Fish and Chips, known for its LGBTQ+ friendly environment. Retail needs are met by stores north of Route 2 and the Big Box Outlet Store. With Route 2, Route 522, and Route 203 providing easy access, Monroe is well-connected to surrounding metro areas. Monroe has a low crime risk compared to the national average, adding to its appeal for potential homebuyers.

Home Trends in Monroe, WA

Home Trends

Median Price (12 Mo)
$724,995
Median Single Family Price
$795,000
Median Townhouse Price
$585,000
Median 2 Bedroom Price
$325,000
Median 1 Bedroom Price
$280,000
Average Price Per Sq Ft
$373
Number of Homes for Sale
18
Last 12 months Home Sales
240
Months of Supply
0.90
Median List Price
$750,000
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
-2%
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