Lake Havasu City
3195 Arapaho Dr Lake Havasu City, AZ 86406
For Sale
$498,000
MULTI_FAMILY - Lake Havasu City, AZ
Property Size2,318 SF
Lot Size0.23 Acres
Price / SF$214.84
Days on Market333
Property Features for 3195 Arapaho Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3
- Standard status
- Active
- APN
- 114-09-012
- Size
- 2,318 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LAKE HAVASU CITY TR 2256 BLK 2 LOT 6 SECS 17, 18, & 19
- Tax Annual Amount
- 1364
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1974
- Number of units
- 2
- Flooring type
- Carpet, Each unit different, Tile
- Building materials
- Stucco
Listing Agency:
Paradise Sales & Management
(928) 846-4330
Listed By:
Martin L. Standsberry
(928) 846-4330
Added: Aug 25, 2025
Changed: Jul 17
Last Checked: Jul 23 at 5:06PM
MLS# 1036868
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 Santa Fe style duplex in Lake Havasu City, Arizona, presents an investment opportunity. Unit #2 features 3 bedrooms, 2 bathrooms, a den, a 2-car garage, a dog run, and a deck. Unit #1 includes 2 bedrooms, 1 bathroom, and a 1-car garage. The property, situated on a 0.23-acre lot, provides ample parking space. The building has 2,318 square feet of space. Both units are tenant occupied.
Key Highlights
- Santa Fe style duplex built in 1974 with stucco construction
- Both units are tenant occupied (Unit #1 and Unit #2)
- Unit #2: 3 bed, 2 bath plus den, 2‑car garage, dog run, and deck
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $11.40 |
| − Vacancy | −$1.7k | −$0.74 |
| EGI | $24.7k | $10.66 |
| − OpEx | −$7.4k | −$3.20 |
| NOI | $17.3k | $7.46 |
2,318 SF · lease $11.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$247.1K
$216.2K – $288.3K
NOI $17,295 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$230.6K
$201.8K – $269.0K
NOI $16,141 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$517.5K
$452.9K – $603.8K
NOI $36,228 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Santa Fe style duplex in Lake Havasu City, Arizona.
Where is this duplex located?
The property is located at 3195 Arapaho Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: Santa Fe style duplex built in 1974 with stucco construction; Both units are tenant occupied (Unit #1 and Unit #2); Unit #2: 3 bed, 2 bath plus den, 2‑car garage, dog run, and deck
