Investment opportunity awaits! This fourplex sits on .17 acre lot, with three units currently rented. The fourth unit is unfinished, offering a buyer chance to complete to their specifications. A second adjacent .17 parcel is included in the sale and must be purchased together. This parcel currently has a 1960 mobile home (considered to have no value and will need to be removed), but it offers significant potential for additional development-ideal for adding more apartment units or expanding your investment portfolio.
CondoProperty Type
1985Year Built
7,497 sq ftLot Size
$177Est. Price/Sq.Ft.
Listed by Andrea Christianson• Coldwell Banker Bishop Realty
Investment opportunity awaits! This fourplex sits on . 17 acre lot, with three units currently rented. The fourth unit is unfinished, offering a buyer chance to complete to their specifications. A second adjacent . 17 parcel is included in the sale and must be purchased together. This parcel currently has a 1960 mobile home (considered to have no value and will need to be removed), but it offers significant potential for additional development-ideal for adding more apartment units or expanding your investment portfolio. Please do not disturb the tenants. Showings require a 48-hour notice. All buyers must be pre-qualified prior to viewing the property.
ARMLS #6871957
Jul 10, 2025
Listing Removed
—
Jul 9, 2025
Sold
$430,000
$149/sq ft
Jun 7, 2025
Pending
—
May 27, 2025
Listed
$445,000
$155/sq ft
CAAR #84085
Mar 29, 2021
Sold
$65,000
$23/sq ft
Feb 4, 2021
Listed
$65,000
$23/sq ft
Single Wide Manufactured home, 1 bedroom 1 full bath. .. must be purchased with 4 plex next door for $334,000 total to be purchased for $399,000. Do not disturb tenants. No sign or Lockbox on the property. 48 hour notice for showing to pre-qualified buyers. Property is being sold as/is, where is.
CAAR #84086
Mar 29, 2021
Sold
$321,000
$111/sq ft
Feb 4, 2021
Listed
$334,000
$116/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Gila County
APN
304-03-038
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Mar 20, 2023.
Property details
Parking
Parking Information
Parking Features: Circular Driveway
Interior
Kitchen Information
Built-in Microwave: Yes
Non-laminate Counter: Yes
Range Oven Electric: Yes
Bathroom Information
Bathrooms (Total Decimal): 4
Bathrooms (Total Integer): 4
Bedroom Information
Bedrooms (Possible): 5
Heating & Cooling
Has Heating
Cooling: Central Air, Ceiling Fan(s), Mini Split, Window/Wall Unit
Has Cooling
Heating: Mini Split, Electric
Interior Features
Interior Features: Eat-in Kitchen, Breakfast Bar, 3/4 Bath Master Bdrm
Window Features: Skylight(s)
Fireplace Features: None
Flooring: Carpet, Laminate, Linoleum
Exterior
Exterior Features
Construction Materials: Vertical Siding, Wood Frame
Fencing: Block, Chain Link
Roof: Composition
Property Information
Ownership: Fee Simple
Property Sub Type: Apartment
Attached Property
Lot Information
Lot Size Area: 7,497
Lot Size Source: Assessor
Lot Features: Gravel/Stone Front, Gravel/Stone Back
City Maintained Road
Building Information
Building Area Source: Assessor
Financial
Tax Information
Tax Annual Amount: $1,996
Tax Year: 2024
Location
HOA Information
Association Fee Includes: No Fees
School Information
Middle Or Junior School: Rim Country Middle School
High School: Payson High School
High School District: Payson Unified District
Elementary School: Payson Elementary School
Elementary School District: Payson Unified District
Location Information
Directions: From Hwy 87 turn west to Main St. North onto Colcord Road, in .2 mi property will be on your right.
Utility Information
Sewer: Public Sewer
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Gila County
APN: 304-03-038
Home facts updated by county records on Mar 20, 2023
Other
Listing Information
Water Source: City Water
Around this home
Schools
Places
Transit
Julia Randall Elementary School
Public PreK-5 • Assigned • 1.0mi
5/10
Rim Country Middle School
Public 6-8 • Assigned • 0.4mi
5/10
Payson High School
Public 9-12 • Assigned • 0.5mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
10/10 Fire Factor
64% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 96° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Payson, AZ • 85541
Average low and high temperatures (°F)
55
30
64
36
70
41
71
42
80
50
92
60
92
64
92
66
86
59
78
50
63
38
62
35
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 12.8 hours in
June and 7.3 hours in December, placing it above the
U.S. average for solar exposure.
12.8 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$485,000 – $587,000
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