Renovated Duplex With
New
For Sale
$699,000
1533 Pebble Dr, Lake Havasu City, AZ 86404
MULTI_FAMILY - Lake Havasu City, AZ
Property Size2,681 SF
Lot Size0.27 Acres
Price / SF$260.72
Days on Market6
Property Features for 1533 Pebble Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
L-R-2 Two-Family Residential
Bedrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
Parking features
Oversize
Exterior features
RV Hookup
Subdivision
Lake Havasu City
Lot features
Corner Lot, Corner Lot
View
Lake
Directions
Up Palo Verde Ave N. Turn Left on Avalon. Turn Right on Pebble Drive . House is on the corner of Swift and Pebble Drive on the Left Hand side.
Standard status
Active
APN
104-56-039
Size
2,681 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TRACT: 2242 LAKE HAVASU CITY TR 2242 POR SEC 26 & 27 BLK 4 LOT 1
Tax Annual Amount
1719
Legal Description
TRACT: 2242 LAKE HAVASU CITY TR 2242 POR SEC 26 & 27 BLK 4 LOT 1
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Amenities
garage
carport
gated parking
laminate flooring
quartz countertops
stainless steel appliances
recessed lighting
low E windows
paver driveway
fencing
landscaping
Building Details
Year built
1993
Number of units
2
Flooring type
Laminate, Tile
Building materials
Wood Frame, Stucco
Roof type
Rolled Hot Mop
Listing Agency:
Coldwell Banker Realty
(928) 855-2191
Listed By:
Susan M Leifer · License #SA548073000
(928) 855-2191
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 11 at 5:06PM
MLS# 1041949
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 renovated duplex in Lake Havasu City provides 2,681 square feet on a 0.27-acre parcel, with four bedrooms, three bathrooms, and two complete living quarters. Interior improvements include laminate and tile flooring, quartz countertops, soft-close cabinetry, stainless-steel appliances, recessed lighting, and low-E windows. The property was built in 1993 and includes 12 closets and two pantries for substantial storage.
Parking and site improvements include an epoxied two-car garage, covered carport, gated parking, paver driveway and patios, fencing, landscaping, and an RV hookup. Public water and public sewer serve the property. Located on Pebble Dr in Lake Havasu City, the home is positioned near Hwy 95 and The Shops of Havasu.
Parking and site improvements include an epoxied two-car garage, covered carport, gated parking, paver driveway and patios, fencing, landscaping, and an RV hookup. Public water and public sewer serve the property. Located on Pebble Dr in Lake Havasu City, the home is positioned near Hwy 95 and The Shops of Havasu.
Key Highlights
- 2,681 square feet on a 0.27‑acre parcel
- Two complete living quarters within a four‑bedroom, three‑bath layout
- Renovated interiors with quartz counters, soft‑close cabinetry, stainless‑steel appliances, and low‑E windows
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
Yes
Paved road 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 - Two complete living quarters support flexible occupancy and rental arrangements.
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: 2,681 square feet on a 0.27‑acre parcel; Two complete living quarters within a four‑bedroom, three‑bath layout; Renovated interiors with quartz counters, soft‑close cabinetry, stainless‑steel appliances, and low‑E windows
