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

    2361 Palisades Dr Lake Havasu City, AZ 86403

    View on Map
    Sponsored
    For Sale
    $499,500

    MULTI_FAMILY - Lake Havasu City, AZ

    Property size:
    1,998 SF
    Lot size:
    0.28 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 25 at 10:06 pm

    Property Features for 2361 Palisades Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
    Bedrooms
    4
    APN
    104-47-026
    Size
    1,998 SF
    Lot size
    0.28 Acres

    Utilities

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

    Building Details

    Year built
    2003
    Number of units
    2
    Building materials
    Wood Frame, Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Team Somers

    Red Sign Realty

    Listing agent Team Somers

    Listing date Mar 21, 2026

    MLS# 1039989

    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.

    Learn more

    Property Insight Report

    Overview

    Lake Havasu City Duplex

    This duplex property is located in Lake Havasu City, Arizona. Each unit features two bedrooms and two bathrooms. Attached two-car garages separate the units, providing additional privacy. Each unit also includes washer and dryer hookups, as well as side and rear patios. The property has a total size of 1998 square feet and sits on a lot of 0.28 acres. The property offers a lot of potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.334055
    Latitude
    34.51053

    Nearby Similar for Sale

    • $775,000
      3,007 SF

      Remodeled Commercial Property with Highway Frontage

      Turnkey commercial property with highway frontage and exceptional visibility.
      2818 Sweetwater Ave, Lake Havasu City, AZ 86406
      View Details
    • New
      $2,695,000
      9,267 SF

      Lake Havasu City Commercial Property

      9,267 SF commercial property on 1.19-acre lot.
      513 N Lake Havasu Ave, Lake Havasu City, AZ 86403
      View Details
    • $799,000
      3,538 SF

      Mixed-Use Property in Lake Havasu

      Versatile mixed-use property featuring office, showroom, and residential space.
      2563 N Kiowa Blvd N, Lake Havasu City, AZ 86403
      View Details
    • New
      $2,250,000
      5,139 SF

      Renovated Medical Office Building

      Versatile medical office in central Lake Havasu City.
      1944 Mesquite Ave, Lake Havasu City, AZ 86403
      View Details
    • $1,500,000
      6,794 SF

      Lake Havasu City Commercial Investment

      Multi-tenant professional office/retail building in Lake Havasu City.
      2152 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $674,000
      Pending

      Spacious Office Building in Arizona

      Large office building with rentable space and ample parking.
      2001 Industrial Blvd, Lake Havasu City, AZ 86403
      View Details
    • $1,390,000
      4,430 SF

      Established Restaurant on High-Traffic Thoroughfare

      Turnkey restaurant opportunity in Lake Havasu City with C-2 zoning.
      1601 Industrial Blvd, Lake Havasu City, AZ 86403
      View Details
    • $985,000
      Pending

      Downtown Lake Havasu Retail Complex

      Six-unit retail complex in high-traffic downtown location.
      2160 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $345,000
      0.10 Acres

      Resort Lot with Casita

      Premium resort lot with casita and many amenities.
      1905 Victoria Farms Rd, Lake Havasu City, AZ 86404
      View Details
    • $420,000
      1,518 SF

      Luxury Storage Unit, Lake Havasu

      Exclusive storage unit with lake views and premium amenities.
      3204 Sweetwater Ave, Lake Havasu City, AZ 86406
      View Details
    • New
      $3,995,000
      32,262 SF

      Versatile Industrial Facility For Sale

      Light-industrial facility with warehouse and office space in Lake Havasu.
      1790 Industrial Blvd, Lake Havasu City, AZ 86403
      View Details
    • $980,000
      6,540 SF

      Commercial Building with Income Potential

      Commercial building with four units, one drive-thru, in Lake Havasu.
      35 Acoma Blvd S, Lake Havasu City, AZ 86403
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with attached garages and private patios in Lake Havasu.
    Where is this duplex located?
    The property is located at 2361 Palisades Dr Lake Havasu City, AZ.
    What is the asking price?
    The asking price for this property is $499,500.
    What are key features of this property?
    This property features: - Attached garages separating units for extra privacy.; - Each unit has 2 bedrooms and 2 bathrooms.; - Each unit includes an attached 2-car garage with washer/dryer hookups.
    (888) 337-3385
    Request Owner's contact information
    2361 Palisades Dr Lake Havasu City, AZ 86403
    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.
    2361 Palisades Dr
    Lake Havasu City, AZ 86403
    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
    2361 Palisades Dr Lake Havasu City, AZ 86403
    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
    Team Somers
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!