Income-Producing Property Near NAU & Downtown Flagstaff!
Fantastic investment opportunity in the desirable Rio Homes subdivision! This well-maintained 5 bed, 3.5 bath property features two separate rentable units, making it a perfect income-producing asset or multi-generational living setup. Conveniently located minutes from NAU, CCC, Downtown Flagstaff, and with easy access to the Flagstaff Urban Trail System, this home offers both lifestyle and location.
Enjoy new carpet, included all appliances, and a smart layout designed for comfort and functionality. Two car garage and low maintenance landscaped backyard. Whether you're looking to live in one unit and rent the other, or rent both, the possibilities are flexible and rewarding.
Do not disturb tenants. Shown by appointment only.
Don't miss your chance to own a high-demand rental in one of Flagstaff’s most sought-after communities!
Owner is a licensed Reale Estate Agent in AZ.
For sale by owner
Price cut: $21K (11/28)
$679,000
1487 E Payton Way, Flagstaff, AZ 86001
5beds
2,264sqft
Est.:
Townhouse
Built in 2006
2,614 Square Feet Lot
$-- Zestimate®
$300/sqft
$-- HOA
What's special
Comfort and functionalityTwo car garageNew carpetLow maintenance landscaped backyardSmart layoutIncluded all appliances
- 141 days |
- 466 |
- 17 |
Listed by:
Property Owner (928) 530-8818
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Forced air, Other
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Flooring: Tile, Carpet
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,264 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage - Attached, Off-street
Features
- Exterior features: Wood products, Composition
Lot
- Size: 2,614 Square Feet
Details
- Parcel number: 10417121
Construction
Type & style
- Home type: Townhouse
Materials
- steel
- Roof: Other
Condition
- New construction: No
- Year built: 2006
Community & HOA
Location
- Region: Flagstaff
Financial & listing details
- Price per square foot: $300/sqft
- Tax assessed value: $596,032
- Annual tax amount: $3,038
- Date on market: 9/1/2025
Estimated market value
Not available
Estimated sales range
Not available
$3,284/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/28/2025 | Price change | $679,000-3%$300/sqft |
Source: Owner Report a problem | ||
| 10/3/2025 | Price change | $700,000-2.6%$309/sqft |
Source: Owner Report a problem | ||
| 9/1/2025 | Listed for sale | $719,000+242.5%$318/sqft |
Source: Owner Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/19/2019 | Listing removed | $2,500$1/sqft |
Source: Owner Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,038 +4% | $59,603 +0.4% |
| 2024 | $2,922 +6.5% | $59,357 +25.2% |
| 2023 | $2,743 +2.9% | $47,393 +20.9% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,736/mo
Principal & interest
$3249
Property taxes
$249
Home insurance
$238
Climate risks
Neighborhood: 86001
Nearby schools
GreatSchools rating
- 5/10Lura Kinsey Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 2/10Mount Elden Middle SchoolGrades: 6-8Distance: 2.7 mi
- 8/10Flagstaff High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Flagstaff Unified
- Middle: Flagstaff Unified
- High: Flagstaff Unified
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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