Tile-Roof
New
For Sale
$645,000
Pending
3597 Jamaica Blvd S, Lake Havasu City, AZ 86406
Multi-Family, Lake Havasu City, AZ
Property Size2,854 SF
Lot Size0.37 Acres
Days on Market3
Property Features for 3597 Jamaica Blvd S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
L-R-3 Limited-Multiple Family Res
Bedrooms
6
Rooms
Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2
Subdivision
Lake Havasu City
Lot features
Curb and Gutter, Curb and Gutter
Directions
From eastbound McCulloch Blvd. N., turn right onto southbound Jamaica Blvd. S. and the property is on the left-hand side.
Standard status
Pending
APN
105-03-147
Size
2,854 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKE HAVASU CITY TR 122 BLK 8 LOT 16
Tax Annual Amount
3091
Legal Description
LAKE HAVASU CITY TR 122 BLK 8 LOT 16
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Number of units
2
Flooring type
Tile
Building materials
Steel Frame, Wood Frame, Stucco
Roof type
Tile
Listing Agency:
eXp Realty
(928) 453-3202
Listed By:
Jesse Sides · License #SA699503000
(760) 525-5136
Added: Aug 21
Last Checked: Aug 23 at 12:06AM
MLS# 1042167
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.
This duplex property contains two separate dwellings, each arranged with 3 bedrooms, 2 bathrooms, and a 2-car garage. The 2,854-square-foot property was built in 2005 and features tile flooring, tile roofs, steel and wood frame construction, and stucco exteriors. Central air, central and heat-pump heating, and driveway and side parking serve the improvements.
The property occupies 0.37 acres at 3597 Jamaica Blvd S in Lake Havasu City, Arizona. Public water and public sewer are available, along with electricity. The surrounding setting includes Hacienda Mini Mart, The Spot, and Colombian Joe's coffee across the street.
The property occupies 0.37 acres at 3597 Jamaica Blvd S in Lake Havasu City, Arizona. Public water and public sewer are available, along with electricity. The surrounding setting includes Hacienda Mini Mart, The Spot, and Colombian Joe's coffee across the street.
Key Highlights
- Two separate dwellings, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage
- 2,854 square feet on a 0.37‑acre parcel
- Built in 2005 with tile flooring and tile roofs
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
$21,295
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
3.30%
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%
$425,900
$425.9K
Cap Rate 7%
$304,214
$304.2K
Cap Rate 9%
$236,611
$236.6K
Market Conditions
NOI Build-Up for 2,854 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
$32.5K $11.40/SF
− Vacancy
−$2.1K −$0.74/SF
EGI
$30.4K $10.66/SF
− OpEx
−$9.1K −$3.20/SF
NOI
$21.3K $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%
$425,900
Cap Rate 7%
$304,214
Cap Rate 9%
$236,611
Alternative Uses
Best Use
Multifamily LT 5
$304.2K
$266.2K – $354.9K
NOI $21,295 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$283.9K
$248.4K – $331.2K
NOI $19,873 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$637.2K
$557.6K – $743.4K
NOI $44,605 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 86406, AZ
24,935
Population
14,846
Households
1.7
Avg Household Size
57
Median Age
19%
College-Educated
94%
High-School Grad
244.5 sq mi
ZIP Area
102
Density / Sq Mi
$74,171
Median Household Income
$45,457
Median Earnings
$1,311
Median Rent
$434,700
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?
Duplex - Two separate homes provide matching three-bedroom, two-bathroom layouts with two-car garages and tile finishes.
Where is this duplex located?
The property is located at 3597 Jamaica Blvd S Lake Havasu City, AZ.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Two separate dwellings, each with 3 bedrooms, 2 bathrooms, and a 2‑car garage; 2,854 square feet on a 0.37‑acre parcel; Built in 2005 with tile flooring and tile roofs
