Renovated Duplex with Two Living
For Sale
$699,000
1533 Pebble Dr, Lake Havasu City, AZ 86404
Updated duplex with separate living areas, contemporary finishes, extensive storage, and flexible parking options.
Property Size2,681 SF
Price / SF$260.72
Days on Market23
Property Features for 1533 Pebble Dr
General Information
Standard status
Active
Size
2,681 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
laminate flooring
quartz countertops
soft-close cabinetry
stainless-steel appliances
recessed lighting
low E windows
variegated paver driveway and patios
upscale fencing and landscaping
Building Details
Year Built
1993
Listing Agency:
Coldwell Banker Realty
(928) 486-7315
Listed By:
Susan Leifer · License #sleifer
Source:
Havasuazliving
Added: Aug 9
Changed: Aug 29
Last Checked: Aug 30 at 1:32PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2,681-square-foot duplex, built in 1993, provides 4 bedrooms, 3 bathrooms, and two complete living quarters. Recent updates include laminate flooring, quartz countertops, soft-close cabinetry, stainless-steel appliances, recessed lighting, and low-E windows. The property also offers 12 closets and 2 pantries, along with a freshly epoxied 2-car garage, covered carport, and 23-foot-wide gated parking area.
Outdoor improvements include a paver driveway and patios, fencing, and landscaping. The separate living arrangement supports multiple occupancy configurations, including leasing both quarters, occupying one while using the other, or maintaining additional guest space. The property is near HWY 95 and The Shops of Havasu in Lake Havasu City, Arizona.
Outdoor improvements include a paver driveway and patios, fencing, and landscaping. The separate living arrangement supports multiple occupancy configurations, including leasing both quarters, occupying one while using the other, or maintaining additional guest space. The property is near HWY 95 and The Shops of Havasu in Lake Havasu City, Arizona.
Key Highlights
- Two complete living quarters within a 2,681‑square‑foot duplex
- 4 bedrooms and 3 bathrooms; built in 1993
- Renovated interiors with quartz countertops, soft‑close cabinetry, and 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
$20,004
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
2.86%
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%
$400,080
$400.1K
Cap Rate 7%
$285,771
$285.8K
Cap Rate 9%
$222,267
$222.3K
Market Conditions
NOI Build-Up for 2,681 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
$30.6K $11.40/SF
− Vacancy
−$2.0K −$0.74/SF
EGI
$28.6K $10.66/SF
− OpEx
−$8.6K −$3.20/SF
NOI
$20.0K $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%
$400,080
Cap Rate 7%
$285,771
Cap Rate 9%
$222,267
Alternative Uses
Best Use
Multifamily LT 5
$285.8K
$250.1K – $333.4K
NOI $20,004 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$266.7K
$233.4K – $311.2K
NOI $18,669 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$598.6K
$523.8K – $698.4K
NOI $41,901 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 86404, AZ
18,312
Population
11,503
Households
1.6
Avg Household Size
59
Median Age
19%
College-Educated
93%
High-School Grad
161.8 sq mi
ZIP Area
113
Density / Sq Mi
$67,528
Median Household Income
$37,160
Median Earnings
$1,352
Median Rent
$421,300
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 - Updated duplex with separate living areas, contemporary finishes, extensive storage, and flexible parking options.
Where is this duplex located?
The property is located at 1533 Pebble Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two complete living quarters within a 2,681‑square‑foot duplex; 4 bedrooms and 3 bathrooms; built in 1993; Renovated interiors with quartz countertops, soft‑close cabinetry, and stainless‑steel appliances
