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Renovated Duplex with Garage
For Sale
$675,000

1533 Pebble Dr, Lake Havasu City, AZ 86404

Multi-Family, Lake Havasu City, AZ

Property Size2,681 SF
Lot Size0.27 Acres
Price / SF$251.77
Days on Market62

Property Features for 1533 Pebble Dr

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description L-R-2 Two-Family Residential
Bedrooms 4
Rooms Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1
Parking features Oversize
Exterior features RV Hookup
Subdivision Lake Havasu City
Lot features Corner Lot, Corner Lot
View Lake
Directions Up Palo Verde Ave N. Turn Left on Avalon. Turn Right on Pebble Drive . House is on the corner of Swift and Pebble Drive on the Left Hand side.
Standard status Active
APN 104-56-039
Size 2,681 SF
Lot size 0.27 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description TRACT: 2242 LAKE HAVASU CITY TR 2242 POR SEC 26 & 27 BLK 4 LOT 1
Tax Annual Amount 1719
Legal Description TRACT: 2242 LAKE HAVASU CITY TR 2242 POR SEC 26 & 27 BLK 4 LOT 1

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Heat Pump (Heating)
Cooling system Central Air, Electric
Water source Public

Building Details

Year built 1993
Number of units 2
Flooring type Tile, Laminate
Building materials Wood Frame, Stucco
Roof type Rolled Hot Mop
Listing Agency: Coldwell Banker Realty
Listed By: Susan M Leifer · License #SA548073000
Added: Aug 6 Changed: Oct 2 Last Checked: Oct 6 at 12:06PM
MLS# 1041949

Copyright © 2026 Lake Havasu 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.

Investment Insights

Based on property information with market context.

This renovated duplex-style property contains 2 complete living quarters within 2,681 square feet. The 4-bedroom, 3-bathroom layout includes laminate and tile flooring, quartz countertops, soft-close cabinetry, stainless-steel appliances, recessed lighting, and low-E windows. Twelve closets and 2 pantries provide substantial storage, while the exterior includes landscaped patios, upgraded fencing, and a paver driveway.

Parking improvements include a freshly epoxied 2-car garage, covered carport, oversize parking, and a 23-foot-wide gated parking area. An RV hookup adds another practical feature. Built in 1993, the property has wood-frame and stucco construction, central air, electric heating and cooling, public water, and public sewer.

The property is located on Pebble Dr in Lake Havasu City, near Hwy 95 and The Shops of Havasu. The two-quarter configuration supports separate occupancy, shared multigenerational living, or guest accommodation.

Key Highlights

  • 2,681‑square‑foot duplex‑style property with 2 complete living quarters
  • 4 bedrooms and 3 bathrooms with updated laminate and tile flooring
  • Quartz counters, soft‑close cabinetry, stainless‑steel appliances, and low‑E windows

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$20,004
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,080 $400.1K
Cap Rate 7%
$285,771 $285.8K
Cap Rate 9%
$222,267 $222.3K
Market Conditions
NOI Build-Up for 2,681 SF
Gross rent
$30.6K $11.40/SF
− Vacancy
−$2.0K −$0.74/SF
EGI
$28.6K $10.66/SF
− OpEx
−$8.6K −$3.20/SF
NOI
$20.0K $7.46/SF
Area
Mohave County, AZ
Vacancy
6.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,080
Cap Rate 7%
$285,771
Cap Rate 9%
$222,267

Alternative Uses

Best Use
Multifamily LT 5
$285.8K
$250.1K – $333.4K (±1% cap)
NOI $20,004 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$266.7K
$233.4K – $311.2K (±1% cap)
NOI $18,669 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$598.6K
$523.8K – $698.4K (±1% cap)
NOI $41,901 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

62
Businesses Nearby

Demographics for 86404, AZ

18,312
Population
11,503
Households
1.6
Avg Household Size
59
Median Age
19%
College-Educated
93%
High-School Grad
161.8 sq mi
ZIP Area
113
Density / Sq Mi
$67,528
Median Household Income
$37,160
Median Earnings
$1,352
Median Rent
$421,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two complete living areas combine updated finishes, substantial storage, and flexible residential income or multigenerational use.
Where is this duplex located?
The property is located at 1533 Pebble Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,681‑square‑foot duplex‑style property with 2 complete living quarters; 4 bedrooms and 3 bathrooms with updated laminate and tile flooring; Quartz counters, soft‑close cabinetry, stainless‑steel appliances, and low‑E windows
More about this property
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