Quadplex With Detached
For Sale
$750,000
2394 N MOHAVE RIDGE Avenue, Bullhead City, AZ 86429
MULTI_FAMILY - Bullhead City, AZ
Property Size4,573 SF
Lot Size0.18 Acres
Price / SF$164.01
Days on Market139
Property Features for 2394 N MOHAVE RIDGE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R2 District Res: Multiple Family
Exterior features
SprinklerIrrigation
Subdivision
Sunridge Estates
View
River, Mountains
Directions
MCCORMICK RIGHT ON PHYLLIS LEFT ON MOHAVE RIDGE
Standard status
Active
APN
347-17-051
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TRACT: 5049 THE VINEYARD AT SUN RIDGE BLK 4 LOT 5 CONT 7943 SQ FT
Tax Annual Amount
2680
Legal Description
TRACT: 5049 THE VINEYARD AT SUN RIDGE BLK 4 LOT 5 CONT 7943 SQ FT
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Electric, Heat Pump, Central Air
Water source
Public
Building Details
Year built
1993
Number of units
4
Flooring type
Carpet, Tile
Building materials
Stucco
Roof type
Tile
Listing Agency:
Sun River Properties
(928) 704-6530
Listed By:
Sherri Teafatiller · License #BR515182000
(928) 542-6122
Added: Apr 6
Changed: Aug 17
Last Checked: Aug 22 at 3:06AM
MLS# 037973
Copyright © 2026 Momentum MLS. 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 4,573-square-foot quadplex in Bullhead City was built in 1993 and arranged in a townhouse-style configuration. Each unit includes a detached two-car garage, laundry hookups, and a fenced backyard. Interior finishes include carpet and tile, while heating and cooling are provided by heat pump and central air systems. The building has stucco construction, a tile roof, public water, and public sewer.
Unit #2 is tenant occupied, while the other three units are vacant. The three-bedroom unit includes a balcony off the primary bedroom. Two-bedroom, two-bath layouts feature dual primary suites, a half bath, and a bar or coffee-bar area. The property occupies 0.18 acres and offers views of the river, mountains, and Laughlin casinos. Lake Mohave and Laughlin nightlife are nearby, with Las Vegas approximately 90 miles away.
Unit #2 is tenant occupied, while the other three units are vacant. The three-bedroom unit includes a balcony off the primary bedroom. Two-bedroom, two-bath layouts feature dual primary suites, a half bath, and a bar or coffee-bar area. The property occupies 0.18 acres and offers views of the river, mountains, and Laughlin casinos. Lake Mohave and Laughlin nightlife are nearby, with Las Vegas approximately 90 miles away.
Key Highlights
- 4,573 SQ FT quadplex on 0.18 acres
- Townhouse‑style layout with Unit #2 tenant occupied and 3 vacant units
- Each unit includes a 2‑car detached garage and fenced backyard
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
$34,121
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
4.55%
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%
$682,420
$682.4K
Cap Rate 7%
$487,443
$487.4K
Cap Rate 9%
$379,122
$379.1K
Market Conditions
NOI Build-Up for 4,573 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
$52.1K $11.40/SF
− Vacancy
−$3.4K −$0.74/SF
EGI
$48.7K $10.66/SF
− OpEx
−$14.6K −$3.20/SF
NOI
$34.1K $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%
$682,420
Cap Rate 7%
$487,443
Cap Rate 9%
$379,122
Alternative Uses
Best Use
Multifamily LT 5
$487.4K
$426.5K – $568.7K
NOI $34,121 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$454.9K
$398.0K – $530.7K
NOI $31,843 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.02M
$893.4K – $1.19M
NOI $71,471 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 86429, AZ
7,708
Population
5,509
Households
1.4
Avg Household Size
61
Median Age
17%
College-Educated
89%
High-School Grad
274.8 sq mi
ZIP Area
28
Density / Sq Mi
$53,113
Median Household Income
$33,929
Median Earnings
$1,076
Median Rent
$319,900
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?
Quadplex - Townhouse-style quadplex with fenced backyards, laundry hookups, and views toward the river, mountains, and Laughlin casinos.
Where is this quadplex located?
The property is located at 2394 N MOHAVE RIDGE Avenue Bullhead City, AZ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 4,573 SQ FT quadplex on 0.18 acres; Townhouse‑style layout with Unit #2 tenant occupied and 3 vacant units; Each unit includes a 2‑car detached garage and fenced backyard
