AZ
Gila
Payson
85541
1306 N WOODLAND Drive
1306 N WOODLAND Drive, Payson, AZ 85541
Share Listing
Listing Type
Multi Family
Listing Status
Active
27
$289,000

Home Details for 1306 N WOODLAND Drive

Price
$289,000
Type
Residential Income
Year built
1988
County
Gila
Days on site
5
Listing #
7032647
Listing Courtesy: ERA-Young Realty & Investment - 928-474-4554
Property Description

Multi Family Rental. Two exceptionally well maintained existing homes, one large .20 acre flat square lot, zoned R3-MH allowing THREE homes on this property, and there is definitely room for that! Current rent revenue is $2200 month. Lot is fully fenced and gated, landscaped with shade trees, and meadow view. A Cap Rate estimate of 9-10%, low maintenance costs, in a great neighborhood, close to downtown and Payson schools. This property at this price will not be on the market for long. The Main House is 1 bth/1 bdr approx. 640 sqft with approx. 225 sgft covered porches, two new mini splits, a newer(6 yrs)central heat propane furnace, and a wood burning air tight stove. It is a 284 sqft restored and updated 1957 insulated mobile home that has been incorporated into a stick built home with an eat-in modern kitchen, large living room, lots of light, large bedroom with built in wardrobe and drawers, inside washer/dryer, a full bath, a meadow view, and an attached screened in porch. The Guest House/Studio is stick built. Remodeled in 2023, with wood flooring, new kitchenette/ living room area, bedroom large enough for a Queen bed, and a 3/4 bath. This Tiny Home approx. 240 sqft has electric mini split heat and A/C, 19 gal HWH, lots of light with a bedroom window view of the meadow. Both homes "live" larger than their sqft. Must see this property to appreciate. Welcome to the neighborhood in the trees on this quiet back street in downtown Payson.

Property Features
  • Heating Information
    • Other
    • Heat Pump
    • Electric
    • Propane
  • Cooling Information
    • Central Air
    • Other
    • Electric
  • Water Features
    • Public
  • Utilities
    • Sewer Connected
School Information
School Information for 1306 N WOODLAND Drive, Payson, AZ 85541
Elementary School
Payson Elementary School
Middle School
Rim Country Middle School
High School
Payson High School
Arizona logo 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. 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. 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.
Last Updated: 2026-06-01 18:14:38
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Arizona.
EXIT REALTY - REALTY PLACE
501 E. Plaza Circle Suite P, Litchfield Park, AZ 85340
Brian Smith
License #: SA652841000
REALTOR
Office
623 412 8500
Agent
623 680 0591
Request more details
Code: