1306 N WOODLAND Drive Payson, AZ ^$ 289,000

1306 N WOODLAND Drive

^$ 289,000

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Recently Listed

1306 N WOODLAND Drive

Payson, AZ, 85541

^$ 289,000

Studio Baths0.0

Monthly Estimate*

^$ 1,825

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Studio

Multi-Family Home for sale in Payson, AZ

for $289,000. This home was built in 1988.

Rare investment opportunity! Two homes on a level, fully fenced and gated 0.20-acre R3-MH lot with zoning that allows up to three homes. Potential rental income of $2,200/month makes this ideal for investors, owner-occupants, or multi-generational living. The main home features approx. 640± sq. ft. plus covered porches and incorporates a beautifully preserved 1957 Spence Craft mobile home with tasteful additions and modern upgrades, including mini-splits, propane heat, and a wood stove. The remodeled 240± sq. ft. guest studio (2023) offers a kitchenette, ¾ bath, and mini-split. Quiet, tree-lined setting with meadow views, just minutes from downtown, schools, shopping, and dining.

Multi-Family Active

Price

^$ 289,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 841

Style

Multiple Dwellings

Year Built

1988

Town/City

Payson

County/Region

Gila

MLS | Web ID

7057435

Features

General

Sewer Public Sewer

Heating Wood Forced Air Heat Pump 2 or More Units Propane

Cooling Central Air Electric 2 or More Units

Roof Composition

Zoning R3-MH

Construction Materials Wood Siding Log Siding Wood Frame

Year Built 1988

Electric APS

Township 11N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 274550.0

Community Features No Pool

County Gila

Net Operating Income 21061.0

Operating Expense 841.0

New Construction N

Property Type Multiple Dwellings

Attached Garage N

Subdivision Name RANCHO DEL TONTO AMD

Garage Y/N N

Status Active

High School Payson High School

City Payson

Disclosures None

High School District Payson Unified District

Open Parking Spaces 6.0

Number Of Units Total 2

Carport Y/N N

Elementary School Payson Elementary School

Tax Annual Amount 841.0

Middle/Junior High School Rim Country Middle School

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Elementary School District Payson Unified District

Tax Lot 22

Cap Rate 7.29

Senior Community N

New Financing: Cash True

Interior

Flooring Tile Carpet Wood

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Parking Features Off Street RV Access/Parking >1 Space Per Unit Boat

Water Source City Franchise

Total Parking 6.0

Number of Buildings 2

Spa N

Lot Dimensions 92X94X92X94

Road Surface Type Asphalt

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1306

* Excluded Features

List By

Bhhs Advantage Realty - Payson

Broker

jim.jakubek@rimhomes.com

Affordability Calculator

$1,895

Per Month

Monthly Principal & Interest: $1,825
Monthly Property Taxes: $70
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Payson, AZ

Average List Price ^$444,667

Percent of Sale Price 54%

About Payson, AZ

15,685 Population

18% Since 2002

^$44,179 Median Income

53.5 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4894754 Elementary School

4899228 Middle School

Payson High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/23/2026	$289,000		Listed Price

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1306 N WOODLAND Drive, Payson, AZ, 85541 is a Multi-Family Home for sale at $289,000. 1306 N WOODLAND Drive is a studio with 0.0 baths and was built in 1988. The property's zip code is 85541 which is in Payson, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 7/25/2026.

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1306 N WOODLAND Drive

Multi-Family Home for sale in Payson, AZ

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