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$499,999
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Property Description
Calling all investors! This versatile 5 BD / 3 BA property is zoned residential & commercial, offering endless possibilities-vacation rental, business use, or long-term investment. Approximately 80% renovated, with a separate 1 BD / 1 BA studio in the garage area (garage area will be completed by COE). Tenant-occupied through July 2026, generating $2,300 per month in rent for immediate income. Features include a 3-car garage, 6-car carport, owned solar system, and a 0.32-acre fenced lot. Convenient in-town Payson location close to shops and amenities. Endless potential to finish, expand income, or operate your business in one of Arizona's most charming mountain communities!
Full Property Details
Full Property Details for 401 S Mariposa St
General
- Price: $499,999
- Taxes: $338,908 (2024)
- Status: Active
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6941862
- Updated: 11/2/2025
- Added to Site: 76 day(s) ago
Interior
- Interior Features: Upstairs, Eat-in Kitchen, Kitchen Island, 3/4 Bath Master Bdrm
- Fireplace: Yes
- Number of Fireplaces: 1
- Flooring: Laminate, Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Wshr/Dry HookUp Only
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking Features: Garage Door Opener, Separate Strge Area
Location
- County: Gila
- Township: 10N
- Subdivision: MOGOLLON RIM ADD AMD
- Cross Streets: 87 & Bonita Street
Community
- Assoc. Fees Include: No Fees
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Propane
Utilities
- Water: City Water
Structural Information
- Exterior Const.: Wood Frame, Painted
- Roof: Composition
- Windows: Solar Screens
- Sq. Ft. Source: Assessor
- Year Built: 1981
Lot Features
- Lot Size (Acres): 0.92
- Lot Size (Sq. Ft.): 40,075
- Lot Size Source: Assessor
- Lot Features: Gravel/Stone Front, Gravel/Stone Back
Green Features
- Energy Efficient: Solar Panels
Financial Considerations
- Tax Amount: $338,908
- Tax Year: 2024
- Terms: Cash, Conventional, FHA
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: LOT 97 MOGOLLON RIM ADD AMD
- Property ID: 304-03-083
- Range: 97
- Section: 3
- Lot Number: 97
Listed by My Home Group Real Estate
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Schools
Schools serving 401 S Mariposa St
School District:Payson Unified District
| Name | Grades | Distance |
|---|---|---|
Julia Randall Elementary School 902 West Main Street, Payson, AZ 85541 | 3-5 | 1.3 mi |
Payson Elementary School 500 East Rancho Road, Payson, AZ 85541 | K-2 | 1.7 mi |
Rim Country Middle School 304 South Meadow Street, Payson, AZ 85541 | 6-8 | 0.5 mi |
Payson High School 301 North McLane Road, Payson, AZ 85541 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 401 S Mariposa St
Date
Details
Price
Change
Source
11/02/2025
Listed
$499,999
41.64%
MLS
8/26/2024
Sold
$353,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 401 S Mariposa St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,541
-18%
$44,422
87%
2024
$3,103
100%
$23,798
-59%
2023
100%
$57,862
19%
2022
100%
$48,664
37%
2021
100%
$35,452
—
2020
100%
$35,452
100%
2019
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 401 S Mariposa St
401 S Mariposa Street, Payson, AZ 85541 (MLS# 6941862) is a Single Family property with 6 bedrooms and 3 full bathrooms. 401 S Mariposa Street is currently listed for $499,999 and was received on November 02, 2025. Want to learn more about 401 S Mariposa Street? Do you have questions about finding other Single Family real estate for sale in Payson? You can browse all Payson real estate or contact a Coldwell Banker agent to request more information.

