Duplex with Private Pool and
461 Mulberry Ave Lake Havasu City, AZ 86403
For Sale
$629,900
MULTI_FAMILY - Lake Havasu City, AZ
Property Size2,406 SF
Lot Size0.24 Acres
Price / SF$261.80
Days on Market8
Property Features for 461 Mulberry Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3
Pool private
1
Standard status
Active
APN
109-33-005
Size
2,406 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TRACT: 2314 LAKE HAVASU CITY TR 2314 BLK 1 LOT 5 SEC 14 & 15
Tax Annual Amount
1914
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Ductless (Heating), Central, Electric (Heating)
Cooling system
Ductless, Electric, Zoned, Central Air
Water source
Public
Building Details
Year built
1988
Number of units
2
Flooring type
Tile, Vinyl, Laminate
Building materials
Wood Frame, Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Arizona Living Realty
(928) 453-6111
Listed By:
Brenda Fischer · License #SA517005000
(928) 486-3731
Added: Jul 22
Changed: Jul 28
Last Checked: Jul 29 at 10:06AM
MLS# 1041768
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 well-maintained duplex features two separate units, each with two bedrooms, two bathrooms, and a two-car garage. The owner-occupied property includes updates such as a newer roof, fresh exterior paint, updated pool surface, new flooring in both units, and reverse osmosis systems. Appliances are included, and one side offers an updated walk-in shower. The garage in the A unit also includes a mini-split A/C.
The duplex is located near the lake and close to area beaches, boat launches, restaurants, and shopping.
The outdoor amenities include a swimming pool positioned on the A-unit side, providing a private setting for occupants of that unit.
The duplex is located near the lake and close to area beaches, boat launches, restaurants, and shopping.
The outdoor amenities include a swimming pool positioned on the A-unit side, providing a private setting for occupants of that unit.
Key Highlights
- Duplex built in 1988 with wood frame and stucco construction
- Each unit has 2 bedrooms, 2 bathrooms, and a 2‑car garage
- Private swimming pool (located on the “A” unit side) plus updated pool surface
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 | $27.4k | $11.40 |
| − Vacancy | −$1.8k | −$0.74 |
| EGI | $25.6k | $10.66 |
| − OpEx | −$7.7k | −$3.20 |
| NOI | $18.0k | $7.46 |
2,406 SF · lease $11.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$256.5K
$224.4K – $299.2K
NOI $17,952 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$239.3K
$209.4K – $279.2K
NOI $16,754 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$537.2K
$470.0K – $626.7K
NOI $37,603 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 2-bath units, 2-car garages, and a pool on the A-unit side.
Where is this duplex located?
The property is located at 461 Mulberry Ave Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Duplex built in 1988 with wood frame and stucco construction; Each unit has 2 bedrooms, 2 bathrooms, and a 2‑car garage; Private swimming pool (located on the “A” unit side) plus updated pool surface
