Eloy Multi-Family Development
For Sale
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4120 North Cortez Drive Unit 30, Eloy, AZ 85131
Large lot in Eloy zoned for multi-family residential development.
Property Size23,967 SF
Lot Size0.55 Acres
Price / SF$1.25
Days on Market303
Property Features for 4120 North Cortez Drive Unit 30
General Information
Standard status
Active
Size
23,967 SF
Lot size
0.55 Acres
Property subtype
Land
Zoning
R-3
Taxes and HOA fees
Annual Taxes
$50
Amenities
0.0
No
1
Listing Agency:
HomeSmart
(602) 290-4747
Listed By:
Jose G Reyes · License #SA554116000
(602) 290-4747
Source:
Compass
Added: Oct 26, 2025
Changed: Aug 8
Last Checked: Jul 16 at 8:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart
Investment Insights
Based on property information with market context.
This property presents a multi-family development opportunity in Eloy. The large, level lot is zoned R-3 (Multiple Family Residential), offering potential for investors or builders. The property allows for multi-family development with the potential for up to 12 units, while still permitting a single-family residence if desired. Electricity and sewer are on the property (connection required), and water is located less than 350 feet away. The parcel is flat and buildable, making it an option for developers seeking their next small apartment, townhome, or build-to-rent project. The property presents an opportunity to create income-producing housing in a growing Arizona market. The property size is 23967 square feet.
Key Highlights
- Zoned R‑3 for Multi‑Family Residential: Allows for development of up to 12 units.
- Large, Level, and Buildable Lot: Simplifies construction and reduces development costs.
- Utilities Readily Available: Electricity and sewer are on the property; water is nearby (less than 350 feet).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Large lot in Eloy zoned for multi-family residential development.
Where is this residential land & home lot located?
The property is located at 4120 North Cortez Drive Unit 30 Eloy, AZ.
What are key features of this property?
This property features: Zoned R‑3 for Multi‑Family Residential: Allows for development of up to 12 units.; Large, Level, and Buildable Lot: Simplifies construction and reduces development costs.; Utilities Readily Available: Electricity and sewer are on the property; water is nearby (less than 350 feet).
