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Upgraded Quadplex with Covered Parking
For Sale
$650,000

3940 N KIOHA Drive, Eloy, AZ 85131

Multiple Dwellings, Eloy, AZ

Property SizeContact for details
Days on Market108

Property Features for 3940 N KIOHA Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning CR-4
Bedrooms 10
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 10, Bathroom 6, Bathroom 5, Bathroom 4, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 9, Bathroom 3, Bedroom 2, Bedroom 1
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

Amenities

covered parking

Building Details

Year built 2005
Number of units 4
Flooring type Carpet, Tile
Building materials Wood Frame, Painted, Stucco
Roof type Tile
Listing Agency: Real Broker
Listed By: Amber Barney
Added: Jun 12 Changed: Sep 24 Last Checked: Sep 27 at 1:06PM
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 four-unit residential income property was built in 2005 and is fully occupied. The configuration includes two three-bedroom, two-bath residences measuring 950 square feet each, along with two two-bedroom, one-bath residences measuring 800 square feet each. Three units have received updates including fresh paint, modern fixtures, and new carpet.

Property features include a tile roof, covered carport parking, brick fencing around the perimeter, central air, ceiling fans, electric heating, and a combination of carpet and tile flooring. Appliances include dishwashers, refrigerators, microwaves, and washer/dryers. The property uses a septic tank and is located in Eloy, Arizona, within Pinal County. Zoning is CR-4.

Key Highlights

  • Fully occupied four‑unit property in Eloy, Arizona
  • Unit mix includes two 3‑bed/2‑bath units at 950 sq. ft. and two 2‑bed/1‑bath units at 800 sq. ft.
  • Three of four units upgraded with fresh paint, modern fixtures, and new carpet

Property Analytics

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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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

12
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Quadplex - Four-unit property with three upgraded residences, resident parking, and a brick-fenced perimeter.
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 four‑unit property in Eloy, Arizona; Unit mix includes two 3‑bed/2‑bath units at 950 sq. ft. and two 2‑bed/1‑bath units at 800 sq. ft.; Three of four units upgraded with fresh paint, modern fixtures, and new carpet
More about this property
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