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About the Listing cong01 - je547
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.
Listing Highlights
Status
Active
Days on Site
20
Property Type
Residential
MLS ®
6986263
Year Built
1965
Total Square Footage
1,861
Lot/Acreage
0.23
County
Gila
Neighborhood
Payson Woodlands
School District
Payson Unified District
Elementary School
Payson Elementary School
Middle School
Rim Country Middle School
High School
Payson High School
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Electric
- Fireplaces: See Remarks
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Eat-in Kitchen,Full Bth Master Bdrm
- Water: City Water
Exterior Details
- Lot Description: Grass Back
- Garage Capacity: 1 car
- Roof: Other
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $2,053
- Taxes w/Assessments: N/A
- Tax/Property ID: 302-41-161
- Tax Year: 2025
Payment Calculator
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Questions About..
1401 N Woodland Drive A Payson, AZ 85541
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