$750,000

Estimated payment $4,233/month

Total Views 30
4 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Furnished
  • Patio
  • Central Heating and Cooling System
  • Breakfast Bar
  • Landscaped

About This Home

Four on Mariana is a well-maintained four-unit residential investment property located in central Tempe, Arizona. The property consists of four 1-
bedroom/1-bathroom units, each approximately 480 SF (1,920 SF total), situated on the end lot of a cul-de-sac with four covered parking spaces and
a seller-owned coin laundry on-site.
The location is a key asset -- within walking distance of the Arizona State University Tempe campus and minutes from the Novus Innovation Corridor
and major highways, driving consistent tenant demand and historically low vacancy.
Tenants enjoy exceptional connectivity with
minutes-away access to major highways. This is not just a stable investment, it's an opportunity for growth. Current market analysis indiscated room to increase rents allowing for larger re

Listing Agent

Garrett Pedicini

Get Multifamily License #SA687268000 Listed on: 08/26/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,412

Year Built

  • Built in 1959

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 4 Bedrooms
  • Furnished
  • Blinds
  • Breakfast Bar

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • Carport
  • Paved Parking
  • Off-Street Parking
  • Assigned Parking

Schools

  • Mcclintock High School

Additional Features

  • Patio
  • Landscaped
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for water, sewer, gas, trash collection, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 132-73-147

Community Details

Overview

  • 4 Units
  • Building Dimensions are 118x60
  • Mariana Park I Subdivision

Building Details

  • Operating Expense $9,717
  • Gross Income $48,450
  • Net Operating Income $38,433

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,412

Year Built

Built in 1959

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Dorsey & University/Apache
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1959
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: MARIANA PARK I
  • Const - Finish:Const - Finish: Painted
  • Cooling:Cooling: Central Air
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Special:Special: Incorporated Area
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, Free-Standing Gas Oven
  • Total Bedrooms: 4
  • Interior Features:Interior Features: Furnished, Unfurnished, Fire/Smoke Alarm(s), Mini Blinds, Breakfast Bar

Exterior Features

  • Exterior Features: Sidewalk(s)
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block, Painted
  • Roof: Built-Up
  • Exterior Amenities: Curb(s) & Gutter(s), Sidewalk(s), Landscape Water System, Green Landscaping, Patio/Balcony, Security Light(s)

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved, Carport, Assigned, Off Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • Parking Features:Parking Features: Paved, Carport, Assigned, Off Street

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Other, Central, See Remarks
  • Security: Security Light(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Fuel Expense: 1135.0
  • Annual Water Sewer Expense: 2498.0

Schools

  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District

Lot Info

  • Lot Size: 118x60
  • Additional Parcels: No
  • Parcel #: 132-73-147

Multi Family

  • Owner Pays: Water, Sewer, Gas, Trash Collection, Landscaping
  • Tenant Pays: Electricity
  • Number Of Units Total: 4
  • Electric Expense: 510.0
  • Annual Gross Income: 48450.0
  • Insurance Expense: 1692.0
  • Maintenance Expense: 1270.0
  • Property Net Operating Income: 38433.0
  • Annual Operating Expense: 9717.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1412.0
  • Tax Book Number: 132.0
  • Tax Lot: 1

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,412 $11,783
2024 $1,304 $11,222
2023 $1,304 $62,460 $12,490 $49,970
2022 $1,251 $47,780 $9,550 $38,230
2021 $1,260 $39,710 $7,940 $31,770
2020 $1,221 $32,770 $6,550 $26,220
2019 $1,198 $25,180 $5,030 $20,150
2018 $1,168 $18,750 $3,750 $15,000
2017 $1,134 $17,850 $3,570 $14,280
2016 $1,126 $16,220 $3,240 $12,980
2015 $1,081 $16,300 $3,260 $13,040
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2026 08/26/26 For Sale $750,000 0.0% --
01/06/2017 01/06/17 Rented $650 0.0% --
12/09/2016 12/09/16 For Rent $650 0.0% --
01/20/2015 01/20/15 Sold $227,500 -3.2% $118 / Sq Ft View Prior Sale
12/19/2014 12/19/14 Pending -- -- --
07/25/2014 07/25/14 For Sale $235,000 -- $122 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $375,000 Thomas Title & Escrow
Warranty Deed $379,950 Pioneer Title Agency Inc
Warranty Deed $227,500 Stewart Title & Trust Of Pho
Cash Sale Deed $139,500 The Talon Group Baseline
Trustee Deed $129,806 Accommodation
Special Warranty Deed $335,000 None Available
Warranty Deed $335,000 Capital Title Agency Inc
Interfamily Deed Transfer -- Capital Title Agency Inc
Special Warranty Deed $2,000,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $255,000 New Conventional
Previous Owner $229,867 VA
Previous Owner $268,000 Fannie Mae Freddie Mac
Previous Owner $268,000 Fannie Mae Freddie Mac
Previous Owner $1,732,500 Commercial
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7071735

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-73-147

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