Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Havasu City Duplex Title is generated by Realmo AI

    3195 Arapaho Dr, Lake Havasu City, AZ 86406

    View on Map
    Claim this Listing
    For Sale
    $498,000

    MULTI_FAMILY - Lake Havasu City, AZ

    Property size:
    2,318 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $214/SF
    Added:
    Aug 25, 2025
    Days on Market:
    267
    Last Refresh:
    May 18 at 12:06 am

    Property Features for 3195 Arapaho Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Rooms
    Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 5
    Standard status
    Active
    APN
    114-09-012
    Size
    2,318 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LAKE HAVASU CITY TR 2256 BLK 2 LOT 6 SECS 17, 18, & 19
    Tax Annual Amount
    1364

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1974
    Number of units
    2
    Flooring type
    Carpet, Tile, Each unit different
    Building materials
    Stucco

    We can help!

    Listing Contact
    Martin L. Standsberry

    Listing agent Martin L. Standsberry

    Listing office Paradise Sales & Management 86 S Smoketree Ave, Lake Havasu City, AZ

    Listing date Aug 25, 2025

    MLS# 1036868 Listing URL

    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.

    HighLights

    • Investment opportunity with tenant‑occupied duplex
    • Unit #2: Features 3 bedrooms, 2 bathrooms, plus den, and 2‑car garage
    • Unit #2: Includes a dog run and deck
    • Unit #1: 2 bedrooms, 1 bathroom, and 1‑car garage
    • Ample parking space available
    • Constructed with durable stucco

    Overview

    This Santa Fe style duplex in Lake Havasu City, Arizona, presents an investment opportunity. Unit #2 features 3 bedrooms, 2 bathrooms, a den, a 2-car garage, a dog run, and a deck. Unit #1 includes 2 bedrooms, 1 bathroom, and a 1-car garage. The property, situated on a 0.23-acre lot, provides ample parking space. The building has 2,318 square feet of space. Both units are tenant occupied.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Havasu City
    County
    Mohave
    State
    Arizona
    Longitude
    -114.282783
    Latitude
    34.461612

    Nearby Similar for Sale

    • $549,000
      2,787 SF

      Lake Havasu City Warehouse Unit

      Versatile warehouse unit in well-maintained Lake Havasu City complex.
      2100 College Dr, Lake Havasu City, AZ 86403
      View Details
    • $799,000
      3,538 SF

      Lake Havasu City Commercial Property

      Mixed-use property with offices, showroom, and operational space.
      2563 N Kiowa Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $1,400,000
      5,000 SF

      Commercial Building in Lake Havasu

      New commercial building with flexible space and controlled garages.
      2648 N Kiowa Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $1,450,000
      4,465 SF

      Lake Havasu Commercial Shell Building

      Newly designed commercial building in high-visibility Lake Havasu location.
      3497 McCulloch Blvd N, Lake Havasu City, AZ 86406
      View Details
    • $2,695,000
      9,267 SF

      Lake Havasu City Commercial Property

      9,267 SF commercial property on 1.19-acre lot.
      513 N Lake Havasu Ave, Lake Havasu City, AZ 86403
      View Details
    • $2,250,000
      5,139 SF

      Renovated Medical Office Building

      Versatile medical office in central Lake Havasu City.
      1944 Mesquite Ave, Lake Havasu City, AZ 86403
      View Details
    • $1,700,000
      2,705 SF

      Lake Havasu City Commercial Property

      Commercial building with parking, bar, kitchen, and patios.
      2061 Swanson Ave, Lake Havasu City, AZ 86403
      View Details
    • $565,000
      45,905 SF

      Versatile Commercial Condo with Auto Lift

      Flexible commercial condo with warehouse, office, and auto lift.
      1600 W Acoma Blvd W, Lake Havasu City, AZ 86403
      View Details
    • $1,200,000
      6,794 SF

      Lake Havasu City Commercial Investment

      Multi-tenant professional office/retail building in prime location.
      2152 Mcculloch Blvd N, Lake Havasu City, AZ 86403
      View Details
    • $3,564,000
      12,960 SF

      Industrial Property with Pull-Through Access

      Multi-unit industrial space with immediate cash flow and scalability.
      1950 Commander Dr, Lake Havasu City, AZ 86403
      View Details
    • $647,000
      2,748 SF

      Lake Havasu City Duplex

      Desirable duplex with spacious units, perfect for investors.
      425 Hummingbird Dr, Lake Havasu City, AZ 86403
      View Details
    • $697,000
      2,060 SF

      Lake Havasu Multifamily with Garages

      Duplex with RV garage, casita, and four-car garage.
      1582 Brodie Dr, Lake Havasu City, AZ 86406
      View Details

    FAQs

    What type of property is this?
    Duplex - Santa Fe style duplex in Lake Havasu City, Arizona.
    Where is this duplex located?
    The property is located at 3195 Arapaho Dr Lake Havasu City, AZ.
    What is the asking price?
    The asking price for this property is $498,000.
    What are key features of this property?
    This property features: Investment opportunity with tenant‑occupied duplex; Unit #2: Features **3 bedrooms, 2 bathrooms, plus den, and 2‑car garage**; Unit #2: Includes a **dog run and deck**
    (928) 846-4330
    We can help!
    Listing Contact
    Martin L. Standsberry
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3195 Arapaho Dr, Lake Havasu City, AZ 86406
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!