508 Deese Street, Monroe, NC 28112
Brookstone Village · Union County
Key Facts
Description
Nearly an ACRE of Opportunity in Monroe’s Brookstone Village! This expansive Monroe property offers a rare combination of space, flexibility, and investment potential. Currently being used as a co-living opportunity with 4 tenants in place, the home presents a strong option for investors seeking existing occupancy, rental income potential, or a creative repositioning strategy. The main level features 3 bedrooms, 1 full bathroom, and an open living, dining, and kitchen layout. The lower level offers even more flexibility with a private suite, full bathroom, 4 additional finished rooms, and 2 more full bathrooms — ideal for multi-tenant use, extended living arrangements, or future reconfiguration. Situated on nearly an acre, the property includes an oversized driveway, ample parking, a cozy side patio, and a spacious backyard with room for outdoor living improvements, expansion, or value-add projects. Whether you are looking for a rental investment, co-living setup, master lease opportunity, or property with room to grow, this home offers significant upside at the new price point. Property is tenant occupied. Buyer to verify zoning, legal use, occupancy, school assignments, and all details deemed important. Seller and agent make no representations or warranties regarding the legality of the current use. Seller disclosures forthcoming.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1955
Living Area
3,050 sq ft
Zoning
AQ5
Days on Market
28
MLS® Listing#
4392767
Property Features
Appliances
Cooling
Heating
Basement
Parking
Laundry
Construction
Sewer
Water Source
Schools
- Elementary:
- Unspecified
- Middle:
- Unspecified
- High:
- Unspecified
Financial Details
HOA
None
Assessed Value
$352,000
Parcel Number
09-194-076
Directions
From Downtown Monroe, take N Hayne Street to Windsor Street. Turn onto Deese Street. Property will be located at 508 Deese Street, Monroe, NC 28112. GPS-friendly directions: Use GPS. From Monroe, take N Hayne St/Windsor St area toward Deese St. Turn onto Deese Street; property is on the right/left at 508 Deese St.
Affordability Calculator
$59,980
Estimated monthly payment
$1,596/mo
Principal $239,920 · Est. interest $334,710 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Monroe, NC
- $468,539
- Median Listing Price
- 58
- Median Days on Market
- 2,324
- Median Sq Ft
- $203
- Median Price / Sq Ft
- 388
- Active Listings
- This home’s price is 36% below the area median.
- Its price per sq ft is 52% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Monroe, NC.
Location
Points of Interest in Monroe, NC
Showing the Monroe area map.
Nearby Schools
East Elementary School
Elementary · 0.2 mi away
Monroe High School
Secondary · 0.4 mi away
Monroe Middle School
Secondary · 0.7 mi away
Creative Day School
Elementary · 0.8 mi away
Sun Valley Middle School
School · 1.1 mi away
Union County Public Schools
Secondary · 1.1 mi away
Union County Community Action
School · 1.2 mi away
Walter Bickett Education Center
School · 1.4 mi away
My Little Angels Learning Center
School · 1.4 mi away
Benton Heights Elementary
Elementary · 1.7 mi away
Tabernacle Christian School
School · 2.0 mi away
Union County Public Schools
School · 2.2 mi away
Central Academy of Technology and Arts
School · 2.2 mi away
Wolfe School
Secondary · 2.3 mi away
Rock Rest Elementary School
Elementary · 2.7 mi away
Union Academy Charter School
School · 3.0 mi away
Walter Bickett Elementary School
Elementary · 3.1 mi away
First Assembly of God
School · 3.9 mi away
Wingate Elementary School
Elementary · 4.2 mi away
Rocky River Elementary School
Elementary · 4.7 mi away
Commute Calculator
Nearby Homes
Moving Cost Estimate
EXIT Agents in Monroe
Listing Courtesy: Rentercasa Buyercasa LLC - cburke@rentercasa.com
Last Updated: 2026-06-11
1