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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

    $559,999

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

    123 N 800 St E, Payson, UT 84651

    Charming 6-Bedroom Duplex in Prime Payson Location Strong Investment Opportunity! This well-located duplex offers two spacious 3-bedroom, 1-bathroom units, making it an excellent investment in a rapidly growing area of Payson. With solid rental income potential, this property is a great choice for both seasoned investors and those looking to get started in real estate. Updated Upstairs Unit:

    Manuel Munoz ERA Brokers Consolidated (Utah County)

    123 N 800 St E, 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

    $920,000

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

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

    Turnkey four-plex with LVT and carpet flooring, stainless steel appliances, fans, disk lights, smart thermostat & doorbell. MAXX PM is the designated preferred property management company per CC&Rs. Management fee 7% of gross rents. Photos are of a similar unit within the community, not the actual unit(s). Square footage figures are provided as a courtesy estimate only and were obtained from

    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

    $600,000

    • 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
  • 197 E Utah Ave, Payson, UT 84651
    197 E Utah Ave, Payson, UT 84651
    197 E Utah Ave, Payson, UT 84651
    /33

    $550,000

    • 6 Beds
    • 2 Baths
    • 3,160 Sq Ft

    197 E Utah Ave, Payson, UT 84651

    Amazing opportunity with dual zoning. Legal non conforming duplex and commercial zoning. Tenant occupied call agent for showings, only showing once a week or with offer presented. Owner pays utilities roughly $300 max $400 a month. Leases are yearly upstairs and basement is month to month. Great duplex well maintained. New roof in 2022. Only one furnace and AC unit. Basement tenant has been

    Carl Spencer KW WESTFIELD

    197 E Utah Ave, Payson, UT 84651
  • 383 W 625 N Unit A-D, Payson, UT 84651
    383 W 625 N Unit A-D, Payson, UT 84651
    383 W 625 N Unit A-D, Payson, UT 84651
    /18

    $925,000

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

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

    Great Investment Property-CASH FLOW!! Rent all four units or owner occupy and still have 3 rentals. $67,000 gross rents! units are just a few years old so everything is in great condition. MAXXPM manages a lot of the rentals or you can manage yourself. Rental A is ADA compliant. *****UVU will be building a campus in Payson about 1/2 mile away*****

    Hillaree Wright The Wright Team Real Estate Professionals

    383 W 625 N Unit A-D, Payson, UT 84651
  • 160 W 800 S, Payson, UT 84651
    160 W 800 S, Payson, UT 84651
    160 W 800 S, Payson, UT 84651
    /50

    $2,149,999

    • 32 Beds
    • 22 Baths
    • 10,000 Sq Ft

    160 W 800 S, Payson, UT 84651

    HUGE PRICE DROP!!! Bring all offers. $20,000 in monthly rental income!!!! 10 unit Trailer park and 12 unit apartment complex, includes 7 mobile homes (all VIN numbers and records are ready to go to make the transition smooth) with room for 3 more! The listing comes with Tax ID 08:118:0021. Apartment complex is 12 studio apartments that was an old motel conversion. Coin operated laundry room

    Kyle Kelley C-21 Bushnell

    160 W 800 S, Payson, UT 84651
Utah 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 69 days on the market compared to the national average of 50 days. The median sale price for homes in Payson, UT over the last 12 months is $460,000, up 1% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$460,000
Median Single Family Sale Price
$529,999
Median Townhouse Sale Price
$374,900
Median 2 Bedroom Sale Price
$330,000
Average Price Per Sq Ft
$229
Number of Homes for Sale
91
Last 12 months Home Sales
275
Months of Supply
4.00
Median List Price
$499,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
1%
How to Buy a Home How to Finance a Home How to Sell a Home

In Payson, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $550,000 to $2,149,999, there's a range to accomodate every budget. As of July, 2025 the median home price in Payson is $499,900, while the average sale price is $500,108, offering insights into the local housing market. On average, multi-family homes spend 69 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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