Courtesy of Congress Realty, Inc. 888-881-4118
Property Description
SELLER FINANCING AVAILABLE – Two Homes for the Price of One – Single-Dwelling with Detached ADU! Live in One, Rent the Other – Home with Separate Detached ADU Home with ADU $2,600/Month Rental Potential – High-Demand Location Just 2 Miles from Banner Medical Center. Opportunity knocks at 1401 N Woodland Drive — a legally zoned single-dwelling residence with an additional accessory dwelling unit (ADU) in one of Payson’s strongest rental corridors. Whether you’re an investor, multi-generational household, or owner-occupant looking to offset your mortgage, this property offers flexibility and income potential. The main home (approx. 1,230 sq ft) features 2 bedrooms, 1 bath, a spacious kitchen, open living area, stone fireplace, and space for a potential office. Wide front windows bring in natural light and create a peaceful in-the-trees mountain feel. The ADU (approx. 631 sq ft) includes 1 bedroom, 1 bath, an oversized living room, full kitchen, and its own fireplace — ideal for rental income, guests, or extended relatives. Both units enjoy private fenced backyards and are connected by an interior door, offering the option to function as one larger residence if desired. Value-Add Opportunity: The property does need fresh interior paint, and one unit may require a new roof. This presents a strong opportunity to build equity through light improvements. Income Potential: Rental inventory in Payson remains limited, with few options under $1,200/month. Two-bedroom homes commonly rent for approximately $1,400/month. Conservative projected combined rents of approximately $2,600/month provide excellent income potential for investors or owner-occupants seeking mortgage offset. A smaller duplex (with 300 fewer total square feet) sold just months ago for $380,000 — positioning this property competitively within the current market. Located just 2 miles from Banner Payson Medical Center and close to shopping, schools, and town amenities, this property offers strong rental demand and long-term appreciation potential.
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Property Details and Features
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Appliances & Equipment
- “Washer”
- “Refrigerator”
- “Electric Range”
- “Electric Oven”
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Bathrooms
- 2 total bathrooms
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Bedrooms
- 3 total bedrooms
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Building
- Built in 1965
- Living area: 1861
- Construction materials: “Stucco”, “Block”
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Cooling
- “Central Air”
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Fence
- “Chain Link”
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Fireplaces
- “See Remarks”
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Garage
- 1 space
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Heating
- “Forced Air”
- “Electric”
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Home Owner’s Association
- Association fee includes: “No Fees”
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Interior Features
- “Eat-in Kitchen”
- “Full Bth Master Bdrm”
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Listing
- Listing ID: 6986263
- Standard status: Active Under Contract
- 70 days on market
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Location
- Subdivision name: PAYSON WOODLANDS
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Lot
- 0.23 acres
- 10,019 sqft
- “Grass Back”
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Possession
- “By Agreement”
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Schools
- Elementary school: Payson Elementary School
- High school: Payson High School
- High school district: Payson Unified District
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Sewer
- “Public Sewer”
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Taxes
- Annual amount: $2,053
- Lot: 62
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Utilities
- “Phone Available”
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This content last updated on April 29, 2026 4:21PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.