Remodeled
Lakeside, AZ 85929, Lakeside, AZ 85929
For Sale
$419,850
Commercial Sale, Lakeside, AZ
Property Size2,375 SF
Price / SF$176.78
Days on Market187
Property Features
General Information
Property type
Property subtype
Subdivision
Standard status
Size
Building Details
Year built
Listing Agency:
Frank M. Smith & Associates - Main
(928) 369-4000
Listed By:
Dean Nelson · License AZ SA108335000
(928) 521-0215
Added: May 8
Changed: Oct 8
Last Checked: Nov 10 at 7:06PM
MLS# 261049
Copyright © 2026 White Mountain 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.
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Investment Insights
Based on property information with market context.
This duplex contains 2,375 square feet and was remodeled in 2024. Originally built in 1976, the property offers two separate residential units within a compact multifamily configuration, supporting occupancy of one unit while renting the other or leasing both.
The property is positioned in downtown Lakeside at the corner of White Mountain Blvd and Johnson, with highway frontage. Zoning is designated R-3/C-1, providing the stated residential and commercial zoning classifications for the site.
The property is positioned in downtown Lakeside at the corner of White Mountain Blvd and Johnson, with highway frontage. Zoning is designated R-3/C-1, providing the stated residential and commercial zoning classifications for the site.
Key Highlights
- 2,375‑square‑foot duplex
- Remodeled in 2024
- Built in 1976
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,802
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,040
$376.0K
Cap Rate 7%
$268,600
$268.6K
Cap Rate 9%
$208,911
$208.9K
Market Conditions
NOI Build-Up for 2,375 SF
Gross rent
$29.1K $12.24/SF
− Vacancy
−$2.2K −$0.93/SF
EGI
$26.9K $11.31/SF
− OpEx
−$8.1K −$3.39/SF
NOI
$18.8K $7.92/SF
Area
Navajo County, AZ
Vacancy
7.60%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,040
Cap Rate 7%
$268,600
Cap Rate 9%
$208,911
Alternative Uses
Best Use
Multifamily LT 5
$268.6K
$235.0K – $313.4K
NOI $18,802 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$239.0K
$209.1K – $278.8K
NOI $16,728 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$645.4K
$564.7K – $753.0K
NOI $45,178 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 85929, AZ
8,040
Population
5,089
Households
1.6
Avg Household Size
51
Median Age
23%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
236
Density / Sq Mi
$56,837
Median Household Income
$36,535
Median Earnings
$1,117
Median Rent
$250,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Corner property with highway frontage and R-3/C-1 zoning.
Where is this duplex located?
The property is located at Lakeside, AZ.
What is the asking price?
The asking price for this property is $419,850.
What are key features of this property?
This property features: 2,375‑square‑foot duplex; Remodeled in 2024; Built in 1976
