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    331 N 500 E, Unit 2 Payson, UT 84651

    For Sale
    $142,500

    LAND - Payson, UT

    Lot size:
    0.14 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 5 at 11:06 am

    Property Features for 331 N 500 E

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family
    APN
    55-985-0001
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer

    Keller Williams Westfield Real Estate [email protected]

    Listing agent Colby Kerr (801) 850-5600

    Listing date Oct 30, 2025

    MLS# 2115495 Listing URL

    Copyright © 2025 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Payson Land Investment Opportunity

    This unique investment opportunity is located in the heart of Payson. The listing comprises two parcels that together form a twin home lot. Each lot measures 0.1425 acres, combining for a total of 0.285 acres. Both lots must be purchased together. The seller is currently developing three lots in the area, and curb, gutter, and all utilities will be stubbed and ready for connection. The location provides convenient access to I-15, Mountain View Hospital, and the downtown Payson area. Potential uses include building and holding both units as a long-term investment, or residing in one side and selling the other to offset costs. This versatile property offers great potential in a prime Payson location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Payson
    County
    Utah
    State
    Utah
    Longitude
    -111.725769
    Latitude
    40.047485

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    FAQs

    What type of property is this?
    Land - Twin home lots in prime Payson location, utilities ready.
    Where is this land located?
    The property is located at 331 N 500 E, Unit 2 Payson, UT.
    What is the asking price?
    The asking price for this property is $142,500.
    What are key features of this property?
    This property features: - Twin home lot (.285 acres) in prime Payson location.; - Utilities stubbed and ready for connection.; - **Convenient access to I-15, Mountain View Hospital, and downtown Payson.**
    (801) 850-5600
    Request Owner's contact information
    331 N 500 E, Unit 2 Payson, UT 84651
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    Payson, UT 84651
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    331 N 500 E, Unit 2 Payson, UT 84651
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