1002 S MARIANA Street, Tempe, AZ 85281
$730,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$730,000
Last Modified:
2/04/2026
Description
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,
Supplements: 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
More Information MLS# 6941846
Contract Info
Ownership: Fee Simple
Current Price: $730,000
List Price: $730,000
Status: Active
List Date: 2025-11-01
Location, Tax & Legal
Assessor's Map #: 73
Legal Description (Abbrev): LOT 20 MARIANA PARK 2 MCR 009530
Assessor's Parcel #: 172
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319101
Taxes: 1176
Legal: LOT 20 MARIANA PARK 2 MCR 009530
Marketing Name: Four at Kenwood
House Number: 1002
Compass: S
Street Name: MARIANA
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 4100
County Code: Maricopa
Subdivision: MARIANA PARK 2
Assessor Number: 132-73-172
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: -irr
Flood Zone: No
Total # of Units: 4
High School District: Tempe Union High School District
Year Built: 1962
Zoning: Multi-family
Legal Info
Range: 4E
Section: 23
Township: 1N
Lot Number: 20
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Other: 1
Floors
Ceramic Tile: 1
Sale Includes
Building(s) Only: 1
Other (See Remarks): 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 900
Annual Land Lse Exp: 0
Annual Landscape Exp: 300
Annual Legal & Acctg: 0
Annual Maint Exp: 1500
Annual Mgmt Exp: 0
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 1263
Operating Exp: 7639
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 45600
Total Monthly Rental Income: 4000
Pmt & Rate Info
Cap Rate: 5.53
Down Payment: 0
Equity: 730000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Window/Wall Unit(s): 1
Cooling
Window/Wall Unit: 1
Exterior Amenities
Green Landscaping: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Free-Standing Electric Oven: 1
Other: 1
Road Surface Type
Asphalt: 1
Dirt: 1
Gravel: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
1 Space/Unit: 1
Electric
APS: 1
Gas
Other (See Remarks): 1
Owner Pays
Water: 1
Gas: 1
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
# Efficiency Units: 4
Avg Rent: 1000
Avg SqFt: 405
# Baths: 1
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: University Dr & Rural Rd
Geo Lat: 33.418233
Geo Lon: -111.918953
Income Expenses
Gross Annual Sch Inc: 48000
Net Operating Income: 40361
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Brick Veneer
Roofing: Other
Floors: Ceramic Tile
Sale Includes: Building(s) Only; Other (See Remarks)
Community Features: No Pool
Exterior Amenities: Green Landscaping
Appliances Included: Free-Standing Electric Oven; Other
Heating: Heat Pump; Window/Wall Unit(s)
Cooling: Window/Wall Unit
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: Other (See Remarks)
Parking Features: On Street; 1 Space/Unit
Road Surface Type: Gravel; Dirt; Asphalt
Owner Pays: Water; Gas; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; FHA; Conventional
Environmental: Other (See Remarks)
Listing Office:
Get Multifamily
Last Updated: February - 04 - 2026
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