1002 S Mariana St - Apartments FOR SALE


Tempe, AZ 85281- Downtown Tempe
$750,000 USD
561-269-9525
1002 S Mariana St, Tempe, AZ for Sale
$750,000 USD
Apartments - FOR SALE
1/30
null | 5.06% Cap Rate

1002 S Mariana St
Tempe, AZ 85281
Downtown Tempe


OVERVIEW

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

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$463 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,500

CAP RATE

5.06%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mariana Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,790 SF

ZONING

M-H

APN/PARCEL ID

132-73-172

ASK ABOUT THIS PROPERTY

Sophia WilletsGRACE CREMore Info
561-269-9525

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Sophia WilletsGRACE CREMore Info
561-269-9525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.