💰 Prime Multi-Family Development Opportunity in Eloy! Unlock the potential of this large level lot zoned R-3 (Multiple Family Residential) -- a rare chance for investors or builders looking to capitalize on Eloy's growing housing demand. This property allows for multi-family development with the potential for up to 12 units, while still permitting a single-family residence if desired. Major utilities are already within reach: electricity and sewer are on the property (connection required), and water is located less than 350 feet away, helping simplify the path toward development. The parcel is flat, buildable, and ready for the permitting process, making it an attractive option for developers seeking their next small apartment, townhome, or build-to-rent project. With flexible zoning and strong upside, this property presents an excellent opportunity to create income-producing housing in a growing Arizona market. Buyer and buyer's agent to verify all facts, zoning, utilities, and development potential with the City of Eloy.

Listing courtesy of HomeSmart.



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Last checked: 2026-04-25 07:56 PM UTC