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Mariana Park 1002 S Mariana St 4 Unit Apartment Building $730,000 ($182,500/Unit) 5.20% Cap Rate Tempe, AZ 85281
EXECUTIVE SUMMARY
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
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
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$37,961
|
$23.43
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $37,961 |
| Annual Per SF | $23.43 |
PROPERTY FACTS
| Price | $730,000 | Building Class | C |
| Price Per Unit | $182,500 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 1,620 SF |
| Cap Rate | 5.20% | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | ||
| Zoning | M-H | ||
| Price | $730,000 |
| Price Per Unit | $182,500 |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 1,620 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1962 |
| Zoning | M-H |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $1,000 | 420 |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 132-73-172 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $10,496 (2025) |
PROPERTY TAXES
Parcel Number
132-73-172
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$10,496 (2025)
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Mariana Park | 1002 S Mariana St
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