1033 S Mariana Street, Tempe, AZ 85281

$750,000
Property Type: Multiple Dwellings Status: Active
Current Price: $750,000 Last Modified: 6/25/2026

Overview

Description

Great opportunity to own within a community that very rarely has a building available! 4 Studio units with wall unit AC, Refrigerators and Stoves. Well cared for and maintained by this owner. This building is the southern most on the east side of the street, offering privacy for the occupants and ease of parking access from both the north and south side of the alleyway. Very low vacancy rate with such close access to ASU, downtown Tempe and the light rail.

Listing Details MLS# 7046255

Location, Tax & Legal

House Number
1033
Compass
S
Street Name
Mariana
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
4174
Country
US
County Code
Maricopa
Subdivision
MARIANA PARK 2
Assessor Number
132-73-164
Tax Year
2025
Assessor's Map #
73
Legal Description (Abbrev)
LOT 12 MARIANA PARK 2 MCR 009530
Assessor's Parcel #
164
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319101
Taxes
1284
Legal
LOT 12 MARIANA PARK 2 MCR 009530
Marketing Name
Mariana Park

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
62 x 133
Year Built
1962
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
R-3
Elementary School District
Tempe School District
High School District
Tempe Union High School District
Elementary School
Cecil Shamley School
Jr. High School
Cecil Shamley School
High School
McClintock High School

Remarks Misc

Cross Street
Rural and University
Directions
East on University from Rural to South (right) on Dorsey Ln, right on Orange St, first left on Mariana, building is on the left (east) side of street

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
12

Income Expenses

Gross Annual Sch Inc
47760
Net Operating Income
37962

More Information

Showing Notification Methods

Showing Service
Aligned Showings

Efficiency Units

# Efficiency Units
4
Avg Rent
985
Avg SqFt
320
# Baths
Yes

Contact Info

List Agent Home Phn
602-327-3243

Project Type

Four Plex
Yes

Construction

Slump Block
Yes

Const - Finish

Painted
Yes

Roofing

Rolled
Yes

Floors

Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Gas Exp
0
Annual Landscape Exp
2400
Annual Maint Exp
4000
Annual Mgmt Exp
2200
Annual Wtr/Swr Exp
600
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
10484
Other Income
1400
Vacancy Allowance
0.05
Adjusted Gross Inc
46702
Total Monthly Rental Income
3940

Pmt & Rate Info

Cap Rate
5.06
Equity
750000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Window/Wall Unit(s)
Yes

Cooling

Window/Wall Unit
Yes

Exterior Amenities

Green Landscaping
Yes
Sidewalk(s)
Yes

Tenant Pays

Water
Yes
Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Access Type

Alley
Yes
City Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes
Off Street
Yes
See Remarks
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Master Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Gas
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

1 Bedroom Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Slump Block Const - Finish: Painted Roofing: Rolled Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Green Landscaping; Sidewalk(s) Appliances Included: Free-Standing Range; Refrigerator Heating: Window/Wall Unit(s) Cooling: Window/Wall Unit Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas; Master Meter Parking Features: 1 Space/Unit; Off Street; See Remarks Road Access Type: Alley; City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Water; Electricity Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Environmental: None
IDX
Listing Office: Realty ONE Group
Last Updated: June - 25 - 2026
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