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Listed by Paul Graf • RE/MAX Elite.
FOR SALE

$725,000

Est. $4,016/mo

4 bd•2 ba•2,656 sq ft

216 S Blakely Street, Monroe, WA 98272

• Listed Jul 1, 2026•63 days active · 63 cumulative

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★★★★★5.0·1,242 Google reviews

Listing Broker: RE/MAX Elite; Paul Graf; 425-205-8810; paul@paulgraf-properties.com

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Listing Broker: RE/MAX Elite; Paul Graf; 425-205-8810; paul@paulgraf-properties.com

About this home

Charming 1910 Craftsman with Detached ADU in Downtown Monroe, WA — Income Potential Over $5,000/Month Welcome home to this beautifully restored 1910 Craftsman in the heart of Downtown Monroe, WA — a rare blend of historic character and modern income potential. This 2,640 sq. ft. home has been thoughtfully updated with original hardwood floors, new windows, two cozy fireplaces, fresh interior paint, new carpet, updated bathrooms, and a bright, functional kitchen — all just steps from Monroe's shops, restaurants, and downtown charm. The finished basement adds exceptional versatility, with a spacious rec room, full bath, and flexible bonus rooms perfect as extra bedrooms, a home office, gym, or hobby space. Step outside to a large, fully fenced backyard — ideal for entertaining, pets, or gardening — and discover the true showstopper: a detached 529 sq. ft. ADU (Accessory Dwelling Unit), built within the last six years. This move-in-ready guest house opens the door to multi-generational living, a private space for extended family, or a proven rental income stream. Income Potential: Main home: ~$3,500/month ADU: ~$1,575/month Combined potential income: $5,075/month Whether you're an investor seeking cash flow, a family wanting multi-generational flexibility, or a buyer looking for a primary residence with built-in rental income, this Monroe gem checks every box. Schedule your private showing today — homes with income-producing ADUs in Downtown Monroe don't last long.

Property type
Single Family
Year built
1910
Interior
2,656 sq ft
Lot size
0.15 acres
Parking
1-car garage
Price / sq ft
$273
HeatingForced Air
CoolingNone
Property taxes$4,948/yr (est.)
School districtMonroe

Listed by Paul Graf • RE/MAX Elite

Listing updated: September 21, 2026 at 11:35pm

RexMont checked: moments ago

Source: NWMLS as Distributed by MLS Grid #2548092

Around this home

RexMont OfferEdge™

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216 S Blakely Street, Monroe, WA 98272

List price
$725,000
Down payment
$145,000

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Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.

Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.

Property details

Interior features

  • Dbl Pane/Storm Window
  • Dining Room
  • Fireplace
  • French Doors
  • Water Heater
  • 2 fireplaces (wood burning)
  • Finished basement

Kitchen

  • Dishwasher
  • Dryer
  • Refrigerator
  • Stove(s)/Range(s)
  • Washer

Bedrooms

  • 4 bedrooms total
  • 2 on the main level
  • 1 upstairs
  • 1 on the lower level

Bathrooms

  • 2 full bathrooms
  • 1 on the main level

Layout

  • 1 Story w/Bsmnt.
  • 2,656 sq ft finished

Flooring

  • Hardwood
  • Carpet

Heating & cooling

  • Forced Air heating
  • None cooling

Single-family home facts

As entered by the listing broker on Northwest MLS

Lot & site

Topography
Level
Vegetation
Fruit Trees, Garden Space

Systems

Energy source
Electric,Natural Gas
Power production
Electric, Natural Gas
Water heater
Gas
Water heater location
Basement
Power company
PSE
Water company
City of Monroe
Sewer company
City of Monroe
Irrigation water rights
No

Rooms & extras

Bathtubs
2
Showers
2
Fireplaces on main
1
Fireplaces lower level
1

New construction

Square footage source
Realist
Lot size source
Realist

Manufactured home

Land lease
No

Neighborhood mobility

Walk, bike & transit scores

Source: Walk Score®, Bike Score® and Transit Score® are provided by Walk Score (walkscore.com), a third-party service. This is not Northwest MLS listing data.

Schools

Ratings via SchoolDigger

Monroe School District

Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.

Sales & Tax Records for 216 S Blakely Street

NWMLS via MLS Grid

Every listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.

  1. Jul 1, 2026
    Listed
    NWMLS via MLS Grid · #2548092
    $725,000
    $273/sq ft
  2. Apr 26, 2006
    Sold
    NWMLS via MLS Grid · #26034364
    $340,000
    $128/sq ft
  3. Apr 3, 2006
    Pending
    NWMLS via MLS Grid · #26034364
    $359,950
    $136/sq ft
  4. Apr 3, 2006
    Price reduced
    NWMLS via MLS Grid · #26034364
    $359,950
    $136/sq ft
  5. Mar 13, 2006
    Listed
    NWMLS via MLS Grid · #26034364
    $364,750
    $137/sq ft
  6. Apr 7, 2003
    Sold
    NWMLS via MLS Grid · #23026144
    $204,950
    $77/sq ft

Down payment assistance

6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.

Northwest MLS lists this home as eligible for down payment assistance programs

Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.

Mortgage payment forecast

$4,609 per month

Great rate
Principal and interest
Property taxes
HOA dues
Home insurance

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Source: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.

Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.

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Listing Broker: RE/MAX Elite; Paul Graf; 425-205-8810; paul@paulgraf-properties.com

Market pulse

Monroe is a balanced market.

Supply and demand are roughly in balance. Neither side has a clear edge.

Buyer's marketSeller's market
  • Offer insight: Homes typically sell with one offer near asking price.

  • List to sale price: The average home sells very close to list price.

  • Time on market: The average home goes pending in around 69 days.

Recent sales nearby

Within 1 mile · last 6 months
  • $560,000 Sold

    2 days ago

    2 bd•0.75 ba•~972 sq ft•Single Family

    15721 179th Avenue SE, Monroe, WA 98272

    3%

    Under list

    105

    Days on market

    0.8 mi

    Distance

  • $475,000 Sold

    1 week ago

    2 bd•1 ba•~660 sq ft•Single Family

    641 North Street, Monroe, WA 98272

    0%

    Over list

    49

    Days on market

    0.5 mi

    Distance

  • $599,000 Sold

    3 weeks ago

    3 bd•1.75 ba•~1,368 sq ft•Single Family

    15813 179th Avenue SE, Monroe, WA 98272

    0%

    Over list

    —

    Days on market

    0.8 mi

    Distance

  • $800,000 Sold

    4 weeks ago

    •Single Family

    18440 Killarney Circle, Monroe, WA 98272

    6%

    Under list

    98

    Days on market

    0.6 mi

    Distance

  • $665,000 Sold

    6 weeks ago

    3 bd•2.5 ba•~1,619 sq ft•Single Family

    18086 W Columbia Street, Monroe, WA 98272

    2%

    Over list

    39

    Days on market

    0.7 mi

    Distance

Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.

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Market data from MLS GRID / NWMLS · Updated Oct 2026

MLS GRID Disclaimer

Based on information submitted to the MLS GRID as of September 21, 2026 at 11:35pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

© 2026 Northwest Multiple Listing Service. All rights reserved.

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