10-Unit Apartment
For Sale
$919,000
301 Copper Street, Kingman, AZ 86401
COMMERCIAL - Kingman, AZ
Property Size7,436 SF
Lot Size0.32 Acres
Price / SF$123.59
Days on Market168
Property Features for 301 Copper Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
K- R1-6 Res: Sing Fam 6000sqft
Parking
13
Interior features
Storage
Subdivision
Metcalfe Acres
Directions
Heading west on E Andy Devine Ave, turn right onto 1st St. Left onto Copper. The property is on the corner of Copper St. and Stockton Hill Ave.
Standard status
Active
APN
304-08-051
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
METCALFE ADD BLK 10 LOT 1 & S 49' OF LOT 2 SEC 23 21N 17W
Tax Annual Amount
2538
Legal Description
METCALFE ADD BLK 10 LOT 1 & S 49' OF LOT 2 SEC 23 21N 17W
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
outdoor courtyard
barbecue area
laundry facility
Building Details
Year built
1980
Floors in Building
2
Number of units
10
Roof type
Membrane
Additional Structures
Storage
Listing Agency:
Turner Hill Properties
(928) 715-6333
Listed By:
Chanel Turner · License #BR687800000
(928) 530-1158
Added: Mar 4
Changed: Aug 19
Last Checked: Aug 19 at 4:06PM
MLS# 036932
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.
Located at 301 Copper Street in Downtown Kingman, this two-story apartment property contains 10 units totaling 7,436 square feet on a 0.32-acre lot. Built in 1980, the complex has five apartments on each level, with every unit configured as a two-bedroom, one-bath residence. Interiors include eat-in kitchens, generous counter space, large-windowed living areas, and storage. Nine units are occupied.
Property amenities include an outdoor courtyard with a barbecue area and shade tree, plus a private laundry room with coin-operated washers and dryers. Recent improvements include a new roof and a repaved parking lot. Public water and public sewer serve the site, and the roof is membrane construction.
The property is a few blocks from Downtown Kingman restaurants, breweries, and shops, and approximately three minutes from Interstate 40. Apartments offer views toward the Hualapai Mountains and nearby desert buttes.
Property amenities include an outdoor courtyard with a barbecue area and shade tree, plus a private laundry room with coin-operated washers and dryers. Recent improvements include a new roof and a repaved parking lot. Public water and public sewer serve the site, and the roof is membrane construction.
The property is a few blocks from Downtown Kingman restaurants, breweries, and shops, and approximately three minutes from Interstate 40. Apartments offer views toward the Hualapai Mountains and nearby desert buttes.
Key Highlights
- 10 units with 7,436 square feet of improvements
- All apartments feature a two‑bedroom, one‑bath layout
- Five units are located on each of the building’s two levels
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
$51,779
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
5.63%
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%
$1,035,580
$1.0M
Cap Rate 7%
$739,700
$739.7K
Cap Rate 9%
$575,322
$575.3K
Market Conditions
NOI Build-Up for 7,436 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
$99.9K $13.44/SF
− Vacancy
−$5.8K −$0.78/SF
EGI
$94.1K $12.66/SF
− OpEx
−$42.4K −$5.70/SF
NOI
$51.8K $6.96/SF
Area
Mohave County, AZ
Vacancy
5.80%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
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%
$1,035,580
Cap Rate 7%
$739,700
Cap Rate 9%
$575,322
Alternative Uses
Best Use
Apartment 5plus
$739.7K
$647.2K – $863.0K
NOI $51,779 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,216 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
90%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 86401, AZ
27,684
Population
13,662
Households
2
Avg Household Size
48
Median Age
18%
College-Educated
92%
High-School Grad
1,226.3 sq mi
ZIP Area
23
Density / Sq Mi
$64,087
Median Household Income
$40,678
Median Earnings
$1,045
Median Rent
$247,300
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?
Apartment building - Two-story apartment property with a courtyard, private laundry area, and nine occupied units.
Where is this apartment building located?
The property is located at 301 Copper Street Kingman, AZ.
What is the asking price?
The asking price for this property is $919,000.
What are key features of this property?
This property features: 10 units with 7,436 square feet of improvements; All apartments feature a two‑bedroom, one‑bath layout; Five units are located on each of the building’s two levels
