Three-Bedroom Duplex with
For Sale
$549,900
3089 Sombrero Dr, Lake Havasu City, AZ 86404
Multi-Family, Lake Havasu City, AZ
Property Size2,085 SF
Lot Size0.28 Acres
Price / SF$263.74
Days on Market48
Property Features for 3089 Sombrero Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
L-R-4 R4 Multiple Family Residential
Bedrooms
6
Rooms
Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Subdivision
Lake Havasu City
Directions
Palo Verde Blvd S to Meadows Dr to Sombrero.
Standard status
Active
APN
112-12-143
Size
2,085 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TRACT: 2228 LAKE HAVASU CITY TR 2228 BLK 5 LOT 20
Tax Annual Amount
1828
Legal Description
TRACT: 2228 LAKE HAVASU CITY TR 2228 BLK 5 LOT 20
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Electric
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
2005
Number of units
2
Flooring type
Carpet, Tile
Building materials
Wood Frame, Stucco
Roof type
Tile
Listing Agency:
Coldwell Banker Realty
Listed By:
Sunstone Real Estate Group
(928) 302-6177
Added: Jul 29
Changed: Sep 12
Last Checked: Sep 14 at 10:06PM
MLS# 1041866
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.
Built in 2005, this duplex contains two three-bedroom, two-bathroom units totaling 2,085 square feet on a 0.28-acre lot. Both residences offer open living areas with vaulted ceilings, kitchens connected to the main living space, and laundry within attached two-car garages. Tile and carpet flooring are present, with electric cooling and heat pump and electric heating systems.
Unit 102 has received new carpet throughout and fresh floor-to-ceiling interior paint. Unit 101 is leased month-to-month. Each residence has separate water and electric meters, while tenants pay their own utilities. Public water and public sewer serve the property, which is located at 3089 Sombrero Dr in Lake Havasu City, Arizona.
Unit 102 has received new carpet throughout and fresh floor-to-ceiling interior paint. Unit 101 is leased month-to-month. Each residence has separate water and electric meters, while tenants pay their own utilities. Public water and public sewer serve the property, which is located at 3089 Sombrero Dr in Lake Havasu City, Arizona.
Key Highlights
- Two three‑bedroom, two‑bathroom units totaling 2,085 square feet
- 0.28‑acre lot with a duplex built in 2005
- Each unit includes an attached two‑car garage with laundry and storage space
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
$15,557
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
2.83%
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%
$311,140
$311.1K
Cap Rate 7%
$222,243
$222.2K
Cap Rate 9%
$172,856
$172.9K
Market Conditions
NOI Build-Up for 2,085 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
$23.8K $11.40/SF
− Vacancy
−$1.5K −$0.74/SF
EGI
$22.2K $10.66/SF
− OpEx
−$6.7K −$3.20/SF
NOI
$15.6K $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%
$311,140
Cap Rate 7%
$222,243
Cap Rate 9%
$172,856
Alternative Uses
Best Use
Multifamily LT 5
$222.2K
$194.5K – $259.3K
NOI $15,557 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$207.4K
$181.5K – $242.0K
NOI $14,518 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$465.5K
$407.3K – $543.1K
NOI $32,586 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
107
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature open living areas, vaulted ceilings, separate utility metering, and attached garages with laundry.
Where is this duplex located?
The property is located at 3089 Sombrero Dr Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two three‑bedroom, two‑bathroom units totaling 2,085 square feet; 0.28‑acre lot with a duplex built in 2005; Each unit includes an attached two‑car garage with laundry and storage space
