Duplex with Oversized
For Sale
$647,000
425 Hummingbird Dr, Lake Havasu City, AZ 86403
Duplex with two 3-bedroom, 2-bath units, each featuring an oversized two-car garage and a durable tile roof.
Property Size2,748 SF
Price / SF$235.44
Days on Market37
Property Features for 425 Hummingbird Dr
General Information
Standard status
Active
Size
2,748 SF
Property subtype
Multi-Family
Building Details
Year Built
2003
Listing Agency:
Keller Williams Arizona Living Realty
(928) 486-4735
Listed By:
Tim Thompson · License #SA650430000
Source:
Sellinghavasu
Added: Jul 21
Changed: Aug 14
Last Checked: Aug 26 at 10:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Arizona Living Realty
Investment Insights
Based on property information with market context.
This duplex offers two matching residential units, each laid out with three bedrooms and two bathrooms. The interior configuration includes a functional, open layout with generous living spaces. Outside, each unit has an oversized two-car garage for vehicle parking and storage, and the property is topped with a durable tile roof.
The property is positioned in a central location with convenience to shopping, dining, and everyday amenities. The owner pays no utilities.
Overall, the asset is designed around private, garage-equipped living units within a single duplex structure, with a building exterior anchored by a tile roof.
The property is positioned in a central location with convenience to shopping, dining, and everyday amenities. The owner pays no utilities.
Overall, the asset is designed around private, garage-equipped living units within a single duplex structure, with a building exterior anchored by a tile roof.
Key Highlights
- Duplex built in 2003 with two 3‑bedroom, 2‑bath units
- Each unit includes an oversized 2‑car garage for parking and storage
- Durable tile roof
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
$20,504
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
3.17%
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%
$410,080
$410.1K
Cap Rate 7%
$292,914
$292.9K
Cap Rate 9%
$227,822
$227.8K
Market Conditions
NOI Build-Up for 2,748 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
$31.3K $11.40/SF
− Vacancy
−$2.0K −$0.74/SF
EGI
$29.3K $10.66/SF
− OpEx
−$8.8K −$3.20/SF
NOI
$20.5K $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%
$410,080
Cap Rate 7%
$292,914
Cap Rate 9%
$227,822
Alternative Uses
Best Use
Multifamily LT 5
$292.9K
$256.3K – $341.7K
NOI $20,504 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$273.4K
$239.2K – $318.9K
NOI $19,135 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$613.5K
$536.9K – $715.8K
NOI $42,948 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 86403, AZ
17,787
Population
11,604
Households
1.5
Avg Household Size
53
Median Age
18%
College-Educated
89%
High-School Grad
11.0 sq mi
ZIP Area
1,617
Density / Sq Mi
$57,531
Median Household Income
$33,368
Median Earnings
$1,152
Median Rent
$313,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 3-bedroom, 2-bath units, each featuring an oversized two-car garage and a durable tile roof.
Where is this duplex located?
The property is located at 425 Hummingbird Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $647,000.
What are key features of this property?
This property features: Duplex built in 2003 with two 3‑bedroom, 2‑bath units; Each unit includes an oversized 2‑car garage for parking and storage; Durable tile roof
