Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    741 Monroe Street Globe, AZ 85501

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $239,000

    Two-unit property in Globe, Arizona, ideal for investment.

    Type:Multiple Dwellings
    Property size:
    960 SF
    Added:
    Jan 3, 2026
    Days on Market:
    104
    Last Refresh:
    Mar 13 at 3:18 pm

    Property Features for 741 Monroe Street

    General Information

    Standard status
    Active
    Size
    960 SF
    Property subtype
    Multiple Dwellings

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Patricia Hetrick

    Listing agent Patricia Hetrick License #BR520697000

    Listing office Stallings & Long Realty

    Listing date Jan 3, 2026

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Stallings & Long Realty

    Overview

    Globe Multifamily Property For Sale

    This property features a 960 square foot main residence with 2 bedrooms and 1 bathroom. Additionally, there is a 775 square foot unit at the rear of the property, featuring 1 bedroom and 1 bathroom. The property is currently used as a rental and includes a large, partially fenced backyard. This property is located in Globe, Arizona, and presents an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Globe
    County
    Gila
    State
    Arizona
    Longitude
    -110.7793791
    Latitude
    33.3931179

    Nearby Similar for Sale

    • $159,900
      2,000 SF

      Historic Globe Commercial Building For Sale

      Versatile commercial building in Globe's historic downtown with storefront.
      286 N Broad St, Globe, AZ 85501
      View Details
    • Contact for pricing
      2,856 SF

      Downtown Globe Commercial Building Available

      Two-story commercial building with basement in downtown Globe, Arizona.
      300 N Broad St, Globe, AZ 85501
      View Details
    • $599,000
      6,000 SF

      Historic Globe Mixed-Use Building

      Two-story commercial building with basement in historic downtown Globe, AZ.
      300 N Broad St, Globe, AZ 85501
      View Details
    • $599,000
      1,700 SF

      Historic Globe Mixed-Use Landmark Building

      Landmark mixed-use building in historic downtown Globe, Arizona.
      300 N Broad St, Globe, AZ 85501
      View Details
    • Contact for pricing
      1,000 SF

      Historic Multi-Family in Globe, AZ

      Spacious studio apartment and venue space in Downtown Globe.
      396 N Broad St, Globe, AZ 85501
      View Details
    • $900,000
      13,352 SF

      Historic Building with Restoration Potential

      Historic building with mountain views, suitable for bed & breakfast.
      425 E NORTH Street, Globe, AZ 85501
      View Details
    • $2,200,000
      2,738 SF

      Gryphon Ranch

      Off-grid ranch with springs, solar power, and forest access.
      2062 E Horseshoe Spg Rd, Unit Globe, Globe, AZ 85501
      View Details
    • $375,000
      2,400 SF

      Versatile Commercial Property with Horse Facilities

      Commercial property with warehouse, outdoor space, and horse facilities.
      844 S Highland, Globe, AZ 85501
      View Details
    • $325,000
      6,160 SF

      Industrial Space in Globe, Arizona

      Industrial property available for rent in Globe, Arizona.
      298 N Pine St, Globe, AZ
      View Details
    • $3,050,000
      850,726 SF

      Mountaingate Mobile Home Park

      110-site mobile home park in Globe, Arizona.
      8958 6 Shooter Canyon Rd, Globe, AZ 85501
      View Details
    • $145,000
      1,440 SF

      19-Unit Mini-Storage For Sale

      19-unit mini-storage facility with long-term tenants in Globe, Arizona.
      743 S Broad Street, Globe, AZ 85501
      View Details
    • Contact for pricing
      900 SF

      Globe, AZ Commercial Building

      Two-story commercial building with basement in historic downtown Globe.
      201 N Broad St, Globe, AZ 85501
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property in Globe, Arizona, ideal for investment.
    Where is this duplex located?
    The property is located at 741 Monroe Street Globe, AZ.
    What is the asking price?
    The asking price for this property is $239,000.
    What are key features of this property?
    This property features: Two separate living units: a 2‑bedroom, 1‑bath main residence and a 1‑bedroom, 1‑bath rear unit.; Investment opportunity: currently used as a rental property.; Large, partially fenced backyard.
    (928) 425-7676
    We can help!
    Listing Contact
    Patricia Hetrick
    Real Estate License ID: BR520697000
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!