1002 S MARIANA Street Tempe, AZ $ 730,000
1002 S MARIANA Street
$ 730,000
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1002 S MARIANA Street

Tempe, AZ, 85281
$ 730,000
Baths0.0

Monthly Estimate*

$ 4,554

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Studio

Multi-Family Home for sale in Tempe, AZ

for $730,000. This home was built in 1962.

Four on Mariana - Fully Renovated Block Construction in Prime Tempe Location Welcome to Four on Mariana, an exceptional all-block construction multifamily property ideally located just minutes from Arizona State University and Downtown Tempe. This beautifully upgraded fourplex offers investors a rare turnkey opportunity in one of the most in-demand rental markets in the Valley. Each of the four studio units has been fully renovated with a modern aesthetic and durable finishes designed for long-term performance. Interiors feature upgraded flooring, contemporary kitchens with sleek cabinetry, stainless steel appliances, and refreshed bathrooms with designer fixtures. The clean, open layouts maximize natural light and functionality—ideal for ASU students, professionals, or short-term rental guests. The property's solid block construction ensures lasting durability and minimal maintenance, while the upgraded interiors and proximity to campus, light rail, and Tempe Town Lake create strong and steady rental demand. Highlights: Four renovated studio units  each thoughtfully designed and move-in ready All-block construction for long-term structural integrity Modern kitchens with new cabinetry, countertops, and appliances Upgraded flooring and finishes throughout Exceptional location near ASU, downtown Tempe, and public transit Ideal for furnished rentals, student housing, or Airbnb strategy Whether you're seeking a stable cash-flowing investment or a strategic short-term rental property, Four on Mariana offers bothcombining timeless construction, modern design, and a location that never goes out of demand. All facts and figures are approximate buyer verify MLS information

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Multi-Family Active

Price

$ 730,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,176

Style

Multiple Dwellings

Year Built

1962

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6941846

Features
General
Sewer Public Sewer
Heating Heat Pump Window/Wall Unit(s)
Cooling Window/Wall Unit
Roof Other
Zoning Multi-family
Construction Materials Brick Veneer Painted Block
Year Built 1962
Electric APS
Township 1N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 45600.0
Community Features No Pool
County Maricopa
Net Operating Income 40361.0
Operating Expense 7639.0
Insurance Expense 900.0
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 1500.0
Subdivision Name MARIANA PARK 2
Garage Y/N N
Status Active
City Tempe
Disclosures None
High School District Tempe Union High School District
Open Parking Spaces 4.0
Number Of Units Total 4
Carport Y/N N
Tax Annual Amount 1176.0
Electric Expense 0.0
Fuel Expense 0.0
Trash Expense 1000.0
Water Sewer Expense 1500.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Lot 20
Cap Rate 5.53
New Financing: Conventional True
Senior Community N
New Financing: FHA True
New Financing: Cash True
New Financing: VA True
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Interior
Flooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features 1 Space/Unit On Street
Water Source City Franchise
Total Parking 4.0
Number of Buildings 1
Spa N
Lot Dimensions -irr
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1002
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* Excluded Features
List By
Grace Cre

Broker

sophia@gracecre.com

Email

Affordability Calculator

$4,652
Per Month
98%
2%
0%
Monthly Principal & Interest
$4,554
Monthly Property Taxes
$98
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327087 Elementary School
4327661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/5/2025$730,000 -2.67% Price Down
11/2/2025$750,000 Listed Price

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1002 S MARIANA Street, Tempe, AZ, 85281 is a Multi-Family Home for sale at $730,000. 1002 S MARIANA Street is a studio with 0.0 baths and was built in 1962. The property's zip code is 85281 which is in Tempe, AZ