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13448 SE Elk Ridge Road, Monroe, WA, 98272

4beds
3baths
1,855sqft
$685,000
$369price/sqft
$4,194/moest. monthly cost
$167,760/yrincome needed

About This Home

Investors Opportunity!! Exceptional opportunity in a highly desirable Monroe location! This income-producing property offers immediate rental potential and strong long-term upside at an attractive price point, perfect for both investors and savvy buyers looking to build equity. Positioned on a generous lot backing the park, this home presents a rare chance to secure a property in a growing area where demand continues to rise. Whether you’re looking to expand your portfolio, offset your mortgage with rental income, or customize a home to your vision, the possibilities here are significant. Currently tenant-occupied, offering built-in income and flexibility for future improvements. Opportunities like this—combining location, value, and potential—are increasingly hard to find in today’s market. Conveniently located near amenities, schools, and commuter routes, making it appealing for both tenants and future resale. Smart investment. Strong upside. Don’t miss it.

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

6/10
5/10
Park Place Middle SchoolGrades 6-81.9 mi
5/10
Monroe High SchoolGrades 9-122.1 mi

Construction

Condition

  • Property condition: Good
  • Year built: 1997

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding,Wood Products

Notable Dates

  • Major remodel year: 1997

Type & Style

  • Home type: SingleFamily
  • Architectural style: 2 Story
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Refrigerator(s),Washer(s),Water Heater Location: Garage

Basement

  • Basement: None

Bathroom Three Quarter

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Features

  • Dining Room
  • Window features: Dbl Pane/Storm Window
  • Flooring: Vinyl,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Electric,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Fireplace,Forced Air,Electric,Natural Gas
  • Cooling features: Forced Air

Interior Area

  • Total structure area: 1,855
  • Total interior livable area: 1,855 sqft

Other

  • Level: Main

Property

Details

  • Parcel number: 00863100004100
  • Zoning description: Jurisdiction: City
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Main
  • Patio & porch: Dbl Pane/Storm Window,Dining Room,Fireplace,Vaulted Ceiling(s)
  • Topography of land: Terraces

Lot

  • Lot size: 4,356 sqft
  • Features: Corner Lot,Paved,Sidewalk,Fenced-Fully,Gas Available
  • Lot size dimensions: 4356

Parking

  • Total spaces: 2
  • Parking features: Attached Garage
  • Has garage: Yes
  • Covered spaces: 2