123 E Aero Dr, Payson, AZ 85541
Property image
Property image
SOLD
MAR 13, 2026

123 E Aero Dr
Payson, AZ 85541

  • Studio
  • 1,460 sqft (on 0.28 acres)

$315,000

Last Sold: Mar 13, 2026
$216/sqft
Est. Refi. Payment $1,791/mo*
Refinance Your Home

$315,000

Last Sold: Mar 13, 2026
$216/sqft
Est. Refi. Payment $1,791/mo*
Refinance Your Home
Studio
1,460 sqft
(on 0.28 acres)

Home Value

Trulia Estimate
$279K
Since last month
Decreased$4K (-1.4%)
Since last year
Decreased$69K (-19.7%)
Since last sale
Decreased$33K (-10.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +259% in the last 10 years
MonthEstimated value
2026
August 2026$282K
July 2026$318K
June 2026$286K
May 2026$310K
April 2026$312K
March 2026$304K
February 2026$294K
January 2026$299K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
301 N Beeline Hwy, Payson, AZ
1.08
Multi-Family Home
$1,000,000
03/16/26
-
4,760
Home facts updated by county records

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
207 E Aero Dr, Payson, AZ 85541
0.04
$304,000
4
2
1,455
For Sale
214 E Cedar Ln, Payson, AZ 85541
0.05
$294,600
2
2
1,104
Off Market
215 E Cedar Ln, Payson, AZ 85541
0.07
$315,500
2
3
1,217
Off Market
202 W Cedar Lane, Payson, AZ 85541
0.05
$259,000
3
2
-
Off Market
214 E Aero Dr, Payson, AZ 85541
0.08
$295,000
3
2
1,296
Recently Sold
1011 S Ash St, Payson, AZ 85541
0.10
$290,000
2
1.5
1,159
Off Market
216 E Aero Dr, Payson, AZ 85541
0.09
$365,000
3
2
1,344
For Sale
1006 S Cedarcrest Cir, Payson, AZ 85541
0.12
$175,000
3
2
1,248
For Sale
309 E Phoenix St, Payson, AZ 85541
0.14
$379,400
3
2
1,498
Off Market
215 E Phoenix St, Payson, AZ 85541
0.14
$248,100
2
1
1,040
Off Market
1014 S Cedarcrest Cir, Payson, AZ 85541
0.16
$324,900
3
2
1,040
For Sale
1102 S Sycamore Cir, Payson, AZ 85541
0.18
$406,800
3
2
1,307
Off Market

Local Information

  • Map ViewExplore the area around 123 E Aero Dr.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1970
Lot Size
0.28 acres
Living Area
1,460 sqft
Price/Sqft
$216/sqft

About this House

TENANT OCCUPIED! Investors dream! Located in Payson. There are three units in total and are all currently rented for a total of $2051 per month. Each unit has two bedrooms and one bath, they pay their own water, electric, and gas. Owner has made several improvements to the units in recent years. All tenants have been long term and on month to month leases. Don't let this one get away! Please do not disturb!
123 E Aero Dr, Payson, AZ 85541 is a studio, 1,460 sqft multi-family built in 1970. It last sold for $315,000 on Mar 13, 2026. It is currently off market. The Trulia Estimate is $279,200, with a rent estimate of $1,649/month.

Home Details for 123 E Aero Dr

Interior Features

Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1

Exterior Features

Exterior Home Features
Roof: Shake ShingleExterior: Wood Products

Property Information

Year Built
Year Built: 1970
Property Type / Style
Property Type: Multi Family

Price & Status

Price
Price Per Sqft: $216/sqft

Community

Units in Building: 3

Lot Information

Lot Area: 0.28 acres

Price and Tax history

DateEventPrice
Mar 13, 2026
Source: N/A
Sold
$315,000
Dec 13, 2023
Source: ARMLS #6364418
ListingRemoved
Aug 31, 2022
Source: ARMLS #6364419
Sold
$275,000
Jul 27, 2022
Source: ARMLS #6364419
Pending
$299,900
Mar 5, 2022
Source: ARMLS #6364419
Listed For Sale
$299,900

Market trends in Payson

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$463K
$1KMoM
Sale-to-List Price
98.0%
0.1%MoM
Price per sq ft
$303
$10MoM
Available listings
313
6MoM
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Around this home

What Locals Say about Payson

At least 89 Trulia users voted on each feature.

  • 89 % Say it's dog friendly

  • 88 % Say yards are well-kept

  • 87 % Say there's wildlife

  • 86 % Say parking is easy

  • 84 % Say car is needed

  • 76 % Say there's holiday spirit

  • 75 % Say it's quiet

  • 72 % Say people would walk alone at night

  • 61 % Say neighbors are friendly

  • 54 % Say they plan to stay for at least 5 years

  • 53 % Say kids play outside

  • 50 % Say it's walkable to restaurants

  • 47 % Say it's walkable to grocery stores

  • 39 % Say there are community events

  • 26 % Say there are sidewalks

  • 17 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Bruce Palmer
    "Nice dog park in the neighborhood, and lots of dog owners walk their dog around the neighborhood regularly. "
    0
    Flag
  • Bruce Palmer
    "Dog friendly area. There’s a nice dog park in the neighborhood, by the library.Lots of people walk their dogs around the neighborhood "
    0
    Flag
  • Bruce Palmer
    "People are frequently seen walking their dogs in this neighborhood. Also, there is a nice dog park across the street at Rumsey Park."
    0
    Flag
  • Jay Martin
    "It’s great to be so close to the Phoenix area but be in the pines and cooler temperatures. Great variety of stores and restaurants. "
    0
    Flag
  • Karen Schendel-carlen
    "Free Concerts and movies in the park . Greatest place in Arizona to watch 4 th of July fireworks. Fantastic camping, hiking, biking and fishing. "
    0
    Flag
  • Shari S.
    "No sidewalks to walk on...you have to walk in the street. Dog-friendly neighborhood and lots of familiars dog owners. Because of the wildlife, you must go out with your small dogs, you can’t leave them out alone. "
    43
    Flag
  • Shari S.
    "Love the small town fell and the neighborhood. I do wish we had sidewalks to walk on. It’s very dangerous to walk in the narrow streets. "
    2
    Flag
  • Ljmyrick63
    "I only live here part time, but the neighborhood is friendly and well kept. Ramsey park is very close with many amenities including multiple sport fields, dog park, library, pool, children’s play area, bbq areas, skating park and a hiking trail. Payson is a vey outdoorsy place with 35 hiking trail around the city limits and many, many more trails, water areas, camping etc. Truly an outdoor persons dream place."
    5
    Flag
  • Mark
    "Dogs are welcome and everyone has multiple ones it seems like. Great place to raise dogs and kids alike. "
    1
    Flag
  • Mark
    "You see people walking dogs all the time. A lot of people take their dogs with them. People as a whole seem very dog friendly. "
    0
    Flag
  • Anne M. H.
    "I have lived here for 10 years. The neighbors are great and watch each other's home when were not around."
    7
    Flag
  • Heather
    "friendly people. beautiful mountains rivers and hiking. active community as well as many retirees. a"
    0
    Flag
  • Mary G. .
    "Just moved here from Southern California. Love it so much! The people are so warm and friendly. I look forward to seeing the sights and library and pretty much everything around here."
    1
    Flag
  • Wendy B.
    "100 miles from the big city. Mild climate compared to Phoenix blistering summers.. lake and creeks, tons of hiking trails. Beautify town"
    0
    Flag
  • Debbie L. E.
    "Great neighbors and neighborhood! Beautiful views and wildlife all around. Every house is unique...not “cookie cutter” at all!"
    0
    Flag
  • Christopher G.
    "I walk dogs every week. Most dog owners in town have their dogs under control. One got out of it's yard one time while I was running another dog. It charged us looking defensive but as soon as I ran at the dog it peed itself and jumped back over the fence. "
    0
    Flag
  • Cynthia
    "Great friendly neighbors, convenient location and the weather is awesome year around. We love the hiking, fishing and outdoor activities as well as the community activities."
    0
    Flag
  • Sharon M.
    "Visiting with neighbors Helping one in need Pride of Ed Just having fun with people Singing old songs of the c"
    0
    Flag
  • Nancy Berlin Jones
    "I have owned this home since 12/16 and the neighbors are very friendly. Yes- we watch out for each other to a respectful degree! The wildlife is pretty cool- elk, javelinas, quail. We have privacy, light traffic, trees, and views."
    25
    Flag
  • Saralewis
    "It’s a close walk to the green valley park and historical Main Street. The down side is there aren’t sidewalks and people drive Very fast down this street. There are also not too many street lights so people usually walk their dogs during the day to the park. "
    0
    Flag
  • Rustyandmariah
    "I’ve lived in the Payson area my entire life. The town is a great little mountain town. The people are friendly and there fun little shops and restaurants. If you love 4 seasons and the outdoors this is one of the best places to live. And if you don’t like the current weather you can wait 15 mins or drive 15 mins in any direction and it will change. "
    5
    Flag
  • Status202
    "My in laws live here and we come to visit about 6 times a year. This area is amazing if you are looking to camp, hike, bike, fish, hunt atv and enjoy the wild life. "
    1
    Flag
  • Bristolleos123
    "Car shows. Rodeo’s. Farmers markets. Small town vibe. Weekend retreats. Many church’s. Youth activities sports "
    0
    Flag
  • Yellow77roses
    "We are up above town! We have 360 veiw of the rims/ mountains! lots of wilds life still running around up here in Payson , Arizona"
    2
    Flag

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Homes for sale near 123 E Aero Dr

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Off Market Homes Near 123 E Aero Dr

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Frequently asked questions about 123 E Aero Dr

  • What is 123 E Aero Dr estimated to be worth?
    Trulia's estimated value for 123 E Aero Dr in Payson, AZ is $279,200.
  • What is the price history for 123 E Aero Dr?
    123 E Aero Dr in Payson, AZ last sold for $315,000 in March 2026.
  • Is Payson a buyer's or seller's market?
    Payson is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Payson?
    The median sale price in Payson is $463K. That is up $1K from the prior month.