Duplex With Private
New
For Sale
$529,900
3345 Mockingbird Dr, Lake Havasu City, AZ 86406
Multi-Family, Lake Havasu City, AZ
Property Size2,147 SF
Lot Size0.27 Acres
Price / SF$246.81
Days on Market4
Property Features for 3345 Mockingbird Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
L-R-2 Two-Family Residential
Bedrooms
4
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4
Subdivision
Lake Havasu City
Lot features
Corner Lot, Corner Lot
Directions
Oro Grande to Mockingbird
Standard status
Active
APN
114-09-092
Size
2,147 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TRACT: 2256 LAKE HAVASU CITY TR 2256 BLK 6 LOT 8 SECS 17, 18, & 1 9
Tax Annual Amount
1285
Legal Description
TRACT: 2256 LAKE HAVASU CITY TR 2256 BLK 6 LOT 8 SECS 17, 18, & 1 9
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Amenities
private fenced yard
Building Details
Year built
2001
Number of units
2
Flooring type
Carpet, Tile
Building materials
Wood Frame, Stucco
Roof type
Shingle
Listing Agency:
Selman And Associates
(928) 855-5555
Listed By:
David Eaton
(928) 486-4941
Added: Aug 20
Last Checked: Aug 23 at 7:06PM
MLS# 1042142
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 duplex contains 2,147 square feet within a 0.27-acre corner-lot property in Lake Havasu City. Built in 2001, the wood-frame and stucco building includes two residential units, with each unit offering a private garage equipped with an opener and a fenced yard. Interior finishes include carpet and tile, while central heating and central air provide building-wide climate control.
One unit has undergone refurbishment that includes upgraded stainless-steel appliances, new carpet, fresh paint, fans, and faucets. The property is served by public water and public sewer and has a shingle roof. Located at 3345 Mockingbird Dr in Lake Havasu City, the duplex is in the south-side area identified in the property information.
One unit has undergone refurbishment that includes upgraded stainless-steel appliances, new carpet, fresh paint, fans, and faucets. The property is served by public water and public sewer and has a shingle roof. Located at 3345 Mockingbird Dr in Lake Havasu City, the duplex is in the south-side area identified in the property information.
Key Highlights
- Duplex with 2,147 square feet on a 0.27‑acre corner lot
- Each unit includes a private garage with opener and fenced yard
- One side recently refurbished with upgraded stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,019
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,380
$320.4K
Cap Rate 7%
$228,843
$228.8K
Cap Rate 9%
$177,989
$178.0K
Market Conditions
NOI Build-Up for 2,147 SF
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.
Gross rent
$24.5K $11.40/SF
− Vacancy
−$1.6K −$0.74/SF
EGI
$22.9K $10.66/SF
− OpEx
−$6.9K −$3.20/SF
NOI
$16.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,380
Cap Rate 7%
$228,843
Cap Rate 9%
$177,989
Alternative Uses
Best Use
Multifamily LT 5
$228.8K
$200.2K – $267.0K
NOI $16,019 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$213.6K
$186.9K – $249.2K
NOI $14,950 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$479.4K
$419.4K – $559.3K
NOI $33,555 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 86406, AZ
24,935
Population
14,846
Households
1.7
Avg Household Size
57
Median Age
19%
College-Educated
94%
High-School Grad
244.5 sq mi
ZIP Area
102
Density / Sq Mi
$74,171
Median Household Income
$45,457
Median Earnings
$1,311
Median Rent
$434,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units occupy a corner lot with fenced outdoor areas and one recently refurbished side.
Where is this duplex located?
The property is located at 3345 Mockingbird Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Duplex with 2,147 square feet on a 0.27‑acre corner lot; Each unit includes a private garage with opener and fenced yard; One side recently refurbished with upgraded stainless‑steel appliances
