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$730,000
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Property 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, 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
Full Property Details
Full Property Details for 1002 S Mariana St
General
- Price: $730,000
- HOA FEE: $1,500
- Taxes: $1,176 (2024)
- Status: Active
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6941846
- Updated: 12/5/2025
- Added to Site: 75 day(s) ago
Interior
- Appliances: Other, Free-Standing Electric Oven
- Flooring: Ceramic Tile
Parking
- Parking Features: 1 Space/Unit, On Street
Location
- County: Maricopa
- Township: 1N
- Subdivision: MARIANA PARK 2
- Cross Streets: University Dr & Rural Rd
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Air Conditioning
- Heating Type: Heat Pump, Window/Wall Unit(s)
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 1
- Exterior Const.: Brick Veneer, Painted, Block
- Roof: Other
- Year Built: 1962
Unit Information
- Vacancy %: .05
Lot Features
- Lot Dimensions: -irr
- Zoning: Multi-family
Financial Considerations
- Maint. Fee/Month: $1,500
- Tax Amount: $1,176
- Tax Year: 2024
- Terms: Conventional, FHA, VA Loan
- Owner Pays: Gas, Trash Collection, Water
Disclosures and Reports
- Legal Description: LOT 20 MARIANA PARK 2 MCR 009530
- Property ID: 132-73-172
- Range: 4E
- Section: 23
- Lot Number: 20
Listed by Grace CRE
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Schools
Schools serving 1002 S Mariana St
School Districts:Tempe School District, Tempe Union High School District
| Name | Grades | Distance |
|---|---|---|
Cecil Shamley School 1500 N Scovel St, Tempe, AZ 85281 | PK-5 | 2 mi |
McClintock High School 1830 East Del Rio Drive, Tempe, AZ 85282 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1002 S Mariana St
Date
Details
Price
Change
Source
12/05/2025
Price Reduced
$730,000
-2.67%
MLS
11/02/2025
Listed
$750,000
265.85%
MLS
10/09/2015
Sold
$205,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1002 S Mariana St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,258
7%
$69,710
7%
2024
$1,176
1%
$65,330
-1%
2023
$1,162
4%
$66,010
21%
2022
$1,114
—
$54,660
28%
2022
$1,114
-1%
$42,560
20%
2021
$1,122
3%
$35,500
22%
2020
$1,088
2%
$29,170
31%
2019
$1,067
2%
$22,200
35%
2018
$1,041
3%
$16,450
6%
2017
$1,010
1%
$15,520
9%
2016
$1,003
4%
$14,220
1%
2015
$963
-24%
$14,110
15%
2014
$1,263
58%
$12,270
74%
2013
$800
—
$7,070
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1002 S Mariana St
1002 S Mariana Street, Tempe, AZ 85281 (MLS# 6941846) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1002 S Mariana Street is currently listed for $730,000 and was received on November 02, 2025. Want to learn more about 1002 S Mariana Street? Do you have questions about finding other Multi-Family real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

