Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1202 Mcguire Ave Monroe, LA 71203

    Sponsored
    For Sale
    Under Contract
    $145,000

    Duplex - Monroe, LA

    Type:Duplex
    Lot size:
    0.26 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 20 at 11:06 am

    Property Features for 1202 Mcguire Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active Under Contract
    Zoning
    Residental
    APN
    107468
    Interior features
    Ceiling Fan(s)
    Exterior features
    Paved Street
    Appliances
    Range
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Number of units
    2
    Building materials
    Frame
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Sandra Whitlock

    eXp Realty, LLC (337) 522-7554 [email protected]

    Listing agent Sandra Whitlock (337) 522-7554

    Listing date Jan 17, 2026

    MLS# 217674 Listing URL

    Copyright © 2026 Northeast Louisiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Monroe LA Duplex Investment Opportunity

    This duplex presents an investment opportunity near the ULM area. Currently utilized as an income-producing property, it offers the option for a new owner to continue renting both units or reside in one side while renting the other. Each unit includes 2 bedrooms and 1 bathroom, along with washer and dryer hookups. The property has undergone several updates in recent years, including some new windows and A/C units. Convenient rear parking enhances the property's functionality. Situated on a 0.26-acre lot, this residential property is zoned for residential use and located in Monroe, LA 71203.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.077043
    Latitude
    32.532975

    Nearby Similar for Sale

    • $475,000

      Monroe Office/Warehouse Investment Opportunity

      Adaptable office/warehouse complex in Monroe, ideal for business or investment.
      2830 Breard St, Monroe, LA 71201
      View Details
    • New
      $57,500

      Renovated Property with Multiple Uses

      Renovated property suitable for store, salon, daycare, or church.
      1408 2Nd St, Monroe, LA 71202
      View Details
    • $138,000
      8,720 SF

      Monroe Office and Warehouse Property

      Office and warehouse property on 0.47 acres in Monroe, LA.
      2801 Desiard St, Monroe, LA 71201
      View Details
    • $305,000
      10,000 SF

      Monroe Commercial Building For Sale

      Multi-use commercial property in downtown Monroe with business possibilities.
      1207 Griffon St, Monroe, LA 71203
      View Details
    • $1,200,000
      17,148 SF

      Downtown Monroe Commercial Portfolio Sale

      Income-producing commercial property with untapped potential in downtown Monroe.
      342-348 Desiard St, Monroe, LA 71201
      View Details
    • $2,742,000
      3,498 SF

      New b1BANK Relocation Site

      New construction b1BANK relocation site with drive-thru lanes.
      2271 Tower Dr, Monroe, LA 71201
      View Details
    • $2,943,972
      23,590 SF

      Dollar Tree Investment Opportunity

      NNN leased Dollar Tree in strong retail corridor.
      2100 Louisville Ave, Monroe, LA 71201
      View Details
    • $1,659,000
      9,799 SF

      North Monroe Professional Office Building

      High-quality office building in a prime, visible North Monroe location.
      3995 Sterlington Rd, Monroe, LA 71203
      View Details
    • $575,000
      15,000 SF

      Warehouse/Office/Retail Facility on Corner Site

      15,000 SF warehouse/office/retail facility on 2.01 AC corner site.
      1137 Highway 80 E, Monroe, LA 71203
      View Details
    • Contact for pricing
      1,583 SF

      Retail Space on Pecanland Mall

      High-visibility retail space near Interstate 20 and Pecanland Mall.
      4351 Pecanland Mall Dr, Monroe, LA 71203
      View Details
    • Contact for pricing
      4,950 SF

      Monroe Warehouse with Dock Access

      4,950 SF warehouse with dock high roll-up doors.
      158 Parker Rd, Monroe, LA 71202
      View Details
    • $1,000,000
      3,000 SF

      New Medical Facility with Income

      Newly constructed medical facility with on-site ATM lease income.
      140 Rowland Rd, Monroe, LA 71203
      View Details

    FAQs

    What type of property is this?
    Duplex - Income-producing duplex near ULM, offering flexibility for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 1202 Mcguire Ave Monroe, LA.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - Excellent investment opportunity with income-producing potential.; - Located near the ULM area.; - Flexibility to rent both units or live in one and rent the other.
    (337) 522-7554
    Request Owner's contact information
    1202 Mcguire Ave Monroe, LA 71203
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1202 Mcguire Ave
    Monroe, LA 71203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1202 Mcguire Ave Monroe, LA 71203
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sandra Whitlock
    (337) 522-7554
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.