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12-Unit Apartment Building
For Sale
$925,000

4220 N Granada Drive, Eloy, AZ 85131

Multiple Dwellings, Eloy, AZ

Property SizeContact for details
Days on Market235

Property Features for 4220 N Granada Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Unkonwn
Bedrooms 16
Bathrooms 12
Full bathrooms 12
Rooms Bathroom 1, Bedroom 5, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 13, Bedroom 15, Bedroom 11, Bedroom 6, Bathroom 11, Bathroom 10, Bathroom 9, Bedroom 3, Bedroom 12, Bathroom 8, Bedroom 10, Bedroom 2, Bedroom 9, Bedroom 4, Bathroom 6, Bathroom 12, Bedroom 8, Bathroom 7, Bathroom 5, Bedroom 14, Bedroom 16, Bathroom 4
Appliances Refrigerator, Free-Standing Electric Oven, Washer/Dryer
Directions East on Toltec Rd, North on Giles St., East on Granada. Property is on the West Side
Standard status Active
APN 403-06-144

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2474

Utilities

Sewer type Public Sewer
Heating system Varies by Unit (Heating)
Cooling system Heat Pump, Varies by Unit

Amenities

coin laundry

Building Details

Year built 1964
Number of units 12
Flooring type Tile, Carpet
Building materials Painted, Block
Roof type Composition
Listing Agency: Better Homes & Gardens Real Estate SJ Fowler · Real Living
Listed By: Eric P Hegarty · License #SA650759000
Added: Feb 23 Changed: Oct 14 Last Checked: Oct 16 at 9:06AM
MLS# 6988556

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.

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Investment Insights

Based on property information with market context.

The property comprises 12 apartments across three parcels, with four studios, four one-bedroom units, and four two-bedroom units. Solid block construction dates to 1964. Apartment interiors include tile in kitchens, living areas, and full bathrooms, which have tubs. Each unit also has a private rear entrance. The roof and air-conditioning equipment are described as well maintained.

On-site features include parking, exterior lighting, and coin-operated laundry. Together, the unit mix and shared laundry facility define the property's residential configuration.

Key Highlights

  • 12 apartments across 3 separate parcels
  • Even mix: 4 two‑bedroom, 4 one‑bedroom, and 4 studio units
  • Solid block construction; built in 1964

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Grocery & Convenience Store Dental Office Kitchen & Bath Showroom Auto Parts Store

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

35
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
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three parcels contain an even mix of studio, one-bedroom, and two-bedroom apartments.
Where is this apartment building located?
The property is located at 4220 N Granada Drive Eloy, AZ.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 12 apartments across 3 separate parcels; Even mix: 4 two‑bedroom, 4 one‑bedroom, and 4 studio units; Solid block construction; built in 1964
More about this property
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