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Fourplex with Two 3-Bed Units
For Sale
$650,000

3940 N KIOHA Drive, Eloy, AZ 85131

MULTI_FAMILY - Eloy, AZ

Property SizeContact for details
Days on Market62

Property Features for 3940 N KIOHA Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning CR-4
Bedrooms 10
Full bathrooms 6
Rooms Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 8, Bedroom 10, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 6, Bathroom 1, Bedroom 9, Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 2, Bedroom 4
Parking features Carport
Appliances Dishwasher, Refrigerator, Microwave, Washer/Dryer
Subdivision AMD TOLTEC/ARIZONA VALLEY UNIT THREE
Elementary school Toltec Elementary School
Middle school Toltec Elementary School
High school Casa Grande Union High School
Elementary school district Toltec School District
Middle school district Casa Grande Union High School District
High school district Casa Grande Union High School District
Directions East on Shedd to Kioha, North to property
Standard status Active
APN 404-07-032

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 22 BLOCK G AMD TOLTEC/ARIZONA VALLEY UNIT THREE
Tax Annual Amount 2583
Legal Description LOT 22 BLOCK G AMD TOLTEC/ARIZONA VALLEY UNIT THREE

Utilities

Sewer type Septic Tank
Heating system Electric (Heating)
Cooling system Ceiling Fan(s), Central Air

Building Details

Year built 2005
Number of units 4
Flooring type Tile, Carpet
Building materials Wood Frame, Painted, Stucco
Roof type Tile
Listing Agency: Real Broker
Listed By: Amber Barney
Added: Jun 12 Changed: Aug 4 Last Checked: Aug 12 at 8:06AM
MLS# 7041327

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. 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 fully occupied fourplex offers a four-unit residential income setup with a defined unit mix: two 3-bedroom, 2-bath units at 950 sq. ft. and two 2-bedroom, 1-bath units at 800 sq. ft. Constructed in 2005, the building combines wood-frame construction with painted stucco finishes. Inside, flooring includes carpet and tile, and units are equipped with appliances including dishwasher, refrigerator, microwave, and washer/dryer. Heating is electric and cooling is provided by ceiling fans and central air.

Externally, the property features a durable tile roof and covered carport parking for residents. A fully brick-fenced perimeter adds privacy, and the property is served by a septic tank.

The fourplex is positioned in the Eloy and Casa Grande area, with proximity to major economic drivers mentioned in the remarks, including a planned data center.

Key Highlights

  • Fully occupied fourplex with two 3‑bedroom/2‑bath units and two 2‑bedroom/1‑bath units
  • Two 3‑bedroom/2‑bath units total 950 sq. ft. each; two 2‑bedroom/1‑bath units total 800 sq. ft. each
  • Zoned CR‑4 and built in 2005 with wood‑frame and painted stucco construction

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Restaurant Discount Store Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

11
Businesses Nearby

Demographics for 85131, AZ

16,723
Population
5,381
Households
3.1
Avg Household Size
38
Median Age
13%
College-Educated
77%
High-School Grad
306.7 sq mi
ZIP Area
55
Density / Sq Mi
$55,137
Median Household Income
$26,957
Median Earnings
$940
Median Rent
$243,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Fully occupied fourplex zoned CR-4 with two 3-bedroom and two 2-bedroom units, plus carport parking.
Where is this quadplex located?
The property is located at 3940 N KIOHA Drive Eloy, AZ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fully occupied fourplex with two 3‑bedroom/2‑bath units and two 2‑bedroom/1‑bath units; Two 3‑bedroom/2‑bath units total 950 sq. ft. each; two 2‑bedroom/1‑bath units total 800 sq. ft. each; Zoned CR‑4 and built in 2005 with wood‑frame and painted stucco construction
More about this property
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