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Payson, UT Multifamily Homes & Duplexes for Sale

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  • 123 N 800 St E, Payson, UT 84651
    123 N 800 St E, Payson, UT 84651
    123 N 800 St E, Payson, UT 84651
    /16

    $499,999

    • 6 Beds
    • 3 Baths
    • 2,250 Sq Ft

    123 N 800 St E, Payson, UT 84651

    This charming 6-bedroom duplex in the heart of Payson offers incredible flexibility and investment potential. Each unit features 3 bedrooms and 1 bathroom, making it ideal for rental income or multi-generational living. The upstairs unit has unique custom flooring and updated features, while the basement unit offers strong potential with some renovation. Outside, you'll find mature fruit trees,

    Manuel Munoz ERA Brokers Consolidated (Utah County)

    123 N 800 St E, Payson, UT 84651
  • 384 W 650 N Unit A-D, Payson, UT 84651
    384 W 650 N Unit A-D, Payson, UT 84651
    384 W 650 N Unit A-D, Payson, UT 84651
    /18

    $1,050,000

    • 8 Beds
    • 8 Baths
    • 4,432 Sq Ft

    384 W 650 N Unit A-D, Payson, UT 84651

    Great investment opportunity for 4 apartments in Pineridge Apartments. Fully occupied and only 4 years old. Maintenance costs are likely to remain low in coming years. Beautiful growing area near many amenities. Utah Valley University has purchased land less than a mile away for a new Payson campus. Easy commute to Brigham Young University and Utah Valley University campuses. Payson City and the

    David Spjut EXP Realty, LLC

    384 W 650 N Unit A-D, Payson, UT 84651
  • 361 W 625 N Unit A-D, Payson, UT 84651
    361 W 625 N Unit A-D, Payson, UT 84651
    361 W 625 N Unit A-D, Payson, UT 84651
    /15

    $899,000

    • 8 Beds
    • 8 Baths
    • 4,432 Sq Ft

    361 W 625 N Unit A-D, Payson, UT 84651

    Discover a fantastic opportunity to add a high-performing multi-family asset to your investment portfolio. This well-maintained 4-plex in Payson offers strong rental income potential and a desirable location just minutes from I-15, shopping, entertainment and outdoor recreation. Each unit is a spacious 2-bedroom, 2-bath configuration, providing a perfect blend of comfort and value for tenants.

    Lisa Howells Redfox Real Estate Group

    361 W 625 N Unit A-D, Payson, UT 84651
  • 115 N 300 E, Payson, UT 84651
    115 N 300 E, Payson, UT 84651
    115 N 300 E, Payson, UT 84651
    /11

    $590,000

    • 4 Beds
    • 2 Baths
    • 754 Sq Ft

    115 N 300 E, Payson, UT 84651

    TWO HOMES ONE LOT! This unique property features two separate homes on one parcel, both currently rented and generating steady income. Each home offers updated HVAC systems, along with recent upgrades to flooring, bathroom. A rare find at a great price in a great area-perfect for investors or house hackers looking to build wealth from day one. Square footage figures are provided as a courtesy

    Ashley Heseltine The Agency Salt Lake City

    115 N 300 E, Payson, UT 84651
Utah Utah County Payson

Multi-Family Homes & Duplexes for Sale in Payson, UT

Why Live in Payson

Payson, Utah, is an up-and-coming city with a rich history and a growing population of over 23,000 residents. Located conveniently near Provo and Salt Lake City, Payson offers larger, more affordable housing options compared to its northern neighbors. The city features diverse home styles, including single-story cottages in Heritage Village, modern contemporary two-stories in Canyonway, and multi-million-dollar homes along the foothills of Mount Loafer. The Nebo School District serves the community with eight schools, and the soon-to-open Mountainland Technical College Payson Campus will offer programs in culinary arts, automotive tech, and digital design. Payson boasts numerous attractions, such as Memorial Park with its pickleball courts, playground, and outdoor stage, and the Gene Hillman Recreational Complex with baseball, softball, and soccer fields. The Payson Community Pool provides slides and a lap pool, while the Mt. Nebo Loop and Lincoln Beach offer scenic outdoor recreation. Historic Downtown Payson features old-timey rowhouse buildings, Eli’s Old School Ice Cream and Soda Shop, and the Huish Theatre. The city hosts annual events like the Salmon Supper and Onion Days festival, fostering strong community spirit. Commuters benefit from quick access to I-15, with Spanish Fork, Orem, and Provo all within 25 miles, and Provo Airport 17 miles away. Payson has lower crime rates compared to state and national averages, though the area is at moderate wildfire risk, potentially affecting insurance rates.

Learn more about living in Payson

Home Trends in Payson, UT

On average, homes in Payson, UT sell after 58 days on the market compared to the national average of 52 days. The median sale price for homes in Payson, UT over the last 12 months is $375,000, down 23% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$375,000
Median Single Family Sale Price
$579,900
Median Townhouse Sale Price
$388,900
Median 2 Bedroom Sale Price
$325,000
Average Price Per Sq Ft
$223
Number of Homes for Sale
134
Last 12 months Home Sales
4
Months of Supply
402.00
Median List Price
$539,999
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-23%
How to Buy a Home How to Finance a Home How to Sell a Home

In Payson, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $499,999 to $1,050,000, there's a range to accomodate every budget. As of October, 2025 the median home price in Payson is $539,999, while the average sale price is $394,999, offering insights into the local housing market. On average, multi-family homes spend 58 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Payson, UT.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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