518 Monarch Drive

About this home

Located in a quiet cul-de-sac in Lancaster, this well-maintained half duplex offers space, functionality, and strong investment potential. The home features 3 bedrooms, 2 full bathrooms, two spacious living areas, and two dining areas, all designed with an open floor plan that provides comfortable living and easy flow for everyday life. The split-bedroom arrangement offers added privacy, with a generous primary suite that includes a large bathroom featuring a separate shower, relaxing garden tub, and walk-in closet. A two-car garage provides ample parking and storage. This property has been a reliable investment for several years and is currently tenant-occupied on a month-to-month lease, providing immediate rental income with flexibility for the next owner. Conveniently located with easy access to major commuting routes, shopping, and dining, this property presents an excellent opportunity for investors or buyers seeking a home with built-in income potential.

Schools

Elementary

Rolling Hills

Middle

Lancaster

High

Lancaster

School assignments per NTREIS. Confirm current attendance zones with the district before relying on them.

Property details

MLS #

21201488

Property Type

Residential

Status

Active

County

Dallas

Subdivision

Monarch

Lot Size

5,227.2 sqft

Garage

2-car

HOA Dues

None

Annual Taxes

$6,527

Days on Market

95 days

Listed

Mar 7, 2026

Price per Sqft

$132