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395 W 400 N, Payson, UT — photo 11 / 12

$584,900

395 W 400 N, Payson, UT 84651

Units

2

Price/Unit

$292,450

Price/Sqft

$262

Est Gross Yield

5.7%

$33,264/yr est.

Property Details

Property typeDuplex
Year built1996
Total units2
Living area2,232 sqft
Bedrooms4
Bathrooms2
Lot size0.17 acres
Parking6 spaces
Days on market1
Listed2026-09-09T00:00:00+00:00

Unit Mix

TypeCountBedsBathsSqftRent/Mo
2BR / 1BA1211,116$1,200/mo
2BR / 1BA1211,116$1,200/mo
Total2422,232$2,400/mo

Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.

Description

Beautifully Maintained Duplex | Excellent Investment Opportunity | Both Units Rented This is a fantastic opportunity to own one of the nicest duplexes available! Each unit offers approximately 1,200 sq. ft. with 2 bedrooms and 1 bathroom, providing spacious layouts and excellent rental appeal. Both units are currently rented at $1,400 per month each, for a total current rental income of $2,800/month. One unit has recently signed a 24-month lease, while the other is at the end of a 3-year lease with plans to renew. Current rents have not been adjusted for several years, providing potential for increased rental income over time. The upstairs unit has been beautifully updated with all-new flooring, fresh paint, modern black door hardware, and brand-new LED light fixtures featuring Halo night lights. The lower unit is also in excellent condition, with well-maintained flooring approximately 56 years old. This property has been exceptionally well cared for. The owner has several other similar rental units-some older and some newer-and considers this duplex by far the nicest of the group. Additional features include: Central air conditioning Forced-air heating Automatic sprinkler system Roof in great condition Mature, established trees Excellent overall condition and pride of ownership A truly turnkey investment with great tenants, strong rental history, beautiful updates, and significant potential for future rental growth. Whether you're an experienced investor or looking to add a quality income-producing property to your portfolio, this duplex is an exceptional opportunity. Do not disturb tenants. 24 hour notice required.

Listed by Jan L Jensen · JJ Realty Group LLC

Location

395 W 400 N, Payson, UT 84651

Proforma

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Cap Rate

3.78%

Cash-on-Cash

-2.39%

Cash Flow

-$436/mo

Purchase Price$584,900
Down Payment35% ($204,715)
Interest Rate6.00%
Monthly Rent$2,772/mo
Vacancy5%
Expense Ratio30% ($9,480)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.

© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/10/2026, 2:06:15 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.