1002 S Mariana St Tempe, AZ 85281
Downtown Tempe NeighborhoodEstimated payment $4,048/month
Highlights
- Brick Veneer
- Ceramic Tile Flooring
- Heat Pump System
- Cooling System Mounted To A Wall/Window
About This Home
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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,176
Year Built
- Built in 1962
Home Design
- Brick Veneer
- Block Exterior
Flooring
- Ceramic Tile Flooring
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- On-Street Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Heat Pump System
- Window Unit Heating System
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number 132-73-172
Community Details
Overview
- 4 Units
- Building Dimensions are -irr
- Mariana Park 2 Subdivision
Building Details
- Operating Expense $7,639
- Gross Income $45,600
- Net Operating Income $37,961
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,258 | $10,496 | -- | -- |
| 2024 | $1,162 | $9,996 | -- | -- |
| 2023 | $1,162 | $54,660 | $10,930 | $43,730 |
| 2022 | $1,114 | $42,560 | $8,510 | $34,050 |
| 2021 | $1,122 | $35,500 | $7,100 | $28,400 |
| 2020 | $1,088 | $29,170 | $5,830 | $23,340 |
| 2019 | $1,067 | $22,200 | $4,440 | $17,760 |
| 2018 | $1,041 | $16,450 | $3,290 | $13,160 |
| 2017 | $1,010 | $15,520 | $3,100 | $12,420 |
| 2016 | $1,003 | $14,220 | $2,840 | $11,380 |
| 2015 | $963 | $14,110 | $2,820 | $11,290 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/01/2025 11/01/25 | For Sale | $750,000 | +265.9% | -- | |
| 10/14/2015 10/14/15 | Sold | $205,000 | -2.4% | $127 / Sq Ft | View Prior Sale |
| 09/12/2015 09/12/15 | Pending | -- | -- | -- | |
| 08/28/2015 08/28/15 | For Sale | $210,000 | -- | $130 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | First Arizona Title Agency | |
| Warranty Deed | $205,000 | First Arizona Title Agency | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Trustee Deed | $193,000 | None Available | |
| Interfamily Deed Transfer | -- | Capital Title Agency Inc | |
| Quit Claim Deed | -- | Tsa Title Agency | |
| Quit Claim Deed | -- | Capital Title Agency Inc | |
| Warranty Deed | $625,000 | Tsa Title Agency | |
| Cash Sale Deed | $309,000 | Capital Title Agency Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $153,750 | New Conventional | |
| Previous Owner | $356,250 | New Conventional | |
| Previous Owner | $268,750 | Purchase Money Mortgage | |
| Previous Owner | $625,000 | Purchase Money Mortgage |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6941846
APN: 132-73-172
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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