508 S 3rd St, West Monroe, LA, 71292
About This Home
Great investment opportunity in West Monroe! This 4-bedroom, 1-bath home is currently tenant-occupied and rents for $725 per month, with a tenant who has been in place for two years and pays on time. The home features new flooring throughout and has been completely repainted on the exterior, giving it a fresh, updated appearance. This larger home offers plenty of space and includes central air and heat for year-round comfort. The roof was replaced in 2020 with a newer model roof, providing added value and peace of mind for the next owner. This property would make a great addition to an investment portfolio.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Foundation: Pillar/Post/Pier
- Roof: Architecture Style
- Construction materials: Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Site Build,Residential
Interior
Appliances
- Appliances included: Refrigerator,Range Hood,Electric Range,Electric Water Heater
Bedroom
- Level: First
- Area: 100
Bedroom1
- Level: First
- Area: 120
Bedroom2
- Level: First
- Area: 100
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 4
Features
- Other
- Window features: Single Pane,None
- Fireplace features: None
Heating & Cooling
- Heating features: Electric,None
- Cooling features: Central Air,None
Interior Area
- Total structure area: 1,259
- Total interior livable area: 1,259 sqft
Kitchen
- Level: First
- Area: 150
Master Bedroom
- Level: First
- Area: 150
Property
Details
- Parcel number: 47203
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch Open
- Fencing: None
- Waterfront features: None
Lot
- Features: Other
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Ice Storm
- Tornado
- Cold Wave
- Earthquake
- Hail
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Louisiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $278 | $3,336 |
| Home Insurance * | $42 | $504 |
| Property Taxes | $23 | $276 |
| Electricity | $147 | $1,773 |
| Total | $490 | $5,880 |
Income You'd Need if You Spent...
Louisiana FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Price change | $55,000 |
| 2026-03-09 | Listed for sale | $59,900 |
| 2024-04-07 | Listing removed | -- |
| 2024-03-12 | Listed for rent | $725 |
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