Duplex with Boat-Deep
New
For Sale
$525,000
Pending
2840 Palisades Dr, Lake Havasu City, AZ 86404
Multi-Family, Lake Havasu City, AZ
Property Size2,652 SF
Lot Size0.30 Acres
Days on Market4
Property Features for 2840 Palisades 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 2, Bedroom 1, Bedroom 4
Subdivision
Lake Havasu City
Lot features
Curb and Gutter, Curb and Gutter
View
Lake
Directions
Kiowa to Avalon north to Palisades
Standard status
Pending
APN
104-40-031
Size
2,652 SF
Lot size
0.30 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
TRACT: 2226 LAKE HAVASU CITY POR SEC 35 & 36 BLK 2 LOT 17
Tax Annual Amount
2018
Legal Description
TRACT: 2226 LAKE HAVASU CITY POR SEC 35 & 36 BLK 2 LOT 17
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Zoned, Central, Electric (Heating)
Cooling system
Multi Units, Electric
Water source
Public
Amenities
lake views
boat-deep garages
open floor plan
vaulted ceilings
vinyl fencing
Building Details
Year built
2003
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
eXp Realty
(888) 897-7821
Listed By:
APX Real Estate Group
(928) 298-3656
Added: Oct 31
Changed: Nov 2
Last Checked: Nov 3 at 8:06PM
MLS# 1043253
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,652-square-foot duplex contains two residences, each with 1,326 square feet, two bedrooms, and two bathrooms. Open layouts and vaulted ceilings are complemented by lake views. Each unit has a two-car garage with 31-foot depth and 7-foot-high doors. The property also has tile flooring, stucco construction, vinyl fencing, and fresh exterior paint. Built in 2003, it occupies a 0.3-acre lot with public water and sewer service.
Unit 102 is occupied by a full-time tenant and has previously been used as a seasonal vacation rental. The property is minutes from a boat launch ramp, shopping, and dining.
Unit 102 is occupied by a full-time tenant and has previously been used as a seasonal vacation rental. The property is minutes from a boat launch ramp, shopping, and dining.
Key Highlights
- Two units, each with 1,326 square feet, 2 bedrooms, and 2 bathrooms
- Each unit includes a 31‑foot‑deep, 2‑car garage with 7‑foot‑high doors
- 2,652‑square‑foot duplex on a 0.3‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,787
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,740
$395.7K
Cap Rate 7%
$282,671
$282.7K
Cap Rate 9%
$219,856
$219.9K
Market Conditions
NOI Build-Up for 2,652 SF
Gross rent
$30.2K $11.40/SF
− Vacancy
−$2.0K −$0.74/SF
EGI
$28.3K $10.66/SF
− OpEx
−$8.5K −$3.20/SF
NOI
$19.8K $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 Rate 5%
$395,740
Cap Rate 7%
$282,671
Cap Rate 9%
$219,856
Alternative Uses
Best Use
Multifamily LT 5
$282.7K
$247.3K – $329.8K
NOI $19,787 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$263.8K
$230.8K – $307.8K
NOI $18,467 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$592.1K
$518.1K – $690.8K
NOI $41,448 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
189
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature vaulted ceilings and lake views, with separate garages sized for boats.
Where is this duplex located?
The property is located at 2840 Palisades Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two units, each with 1,326 square feet, 2 bedrooms, and 2 bathrooms; Each unit includes a 31‑foot‑deep, 2‑car garage with 7‑foot‑high doors; 2,652‑square‑foot duplex on a 0.3‑acre lot
