902 S MARIANA Street, Tempe, AZ 85281

$850,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $850,000 Last Modified: 2/02/2026

Overview

Description

Welcome to Mariana Park Apartments. Located near ASU's Tempe campus, this fully occupied four-plex is tucked away in a quiet cul-de-sac. Property features all block construction, covered parking, new windows (on some units), central A/C, coin-operated leased laundry equipment, and mature landscaping. All units are 1bed/1bath. Rents of 900-$1150 per unit. Units are renovated and remodeled with laminate floors stainless steal appliances updated kitchen's.

Supplements: Buyer to verify all MLS information, as facts and figures are approximate. Do Not Disturb Tenants. Drive-by only.

Listing Details MLS# 6308106

Location, Tax & Legal

Map Code/Grid
R37
House Number
902
Compass
S
Street Name
MARIANA
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
4113
Country
US
County Code
Maricopa
Subdivision
MARIANA PARK I
Assessor Number
132-73-149
Tax Year
2020
Assessor's Map #
73
Legal Description (Abbrev)
LOT 3 MARIANA PARK I MCR 009404
Assessor's Parcel #
149
Add'l Parcels
No
Tax Municipality
Tempe
Census Tract
319103
Taxes
1278
Legal
MARIANA PARK I
Marketing Name
Mariana Park Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
8,228 sqft
Year Built
1959
Total # of Units
4
# of Buildings
Yes
Zoning
R-3
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Other
Jr. High School
Other
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
University & Dorsey
Directions
From University Dr, turn south (right) onto Dorsey Ln, then turn right (west) onto Orange St, then right (north) onto Mariana St. Continue to the end of cul-de-sac.

Status Change Info

Off Market Date
2022-02-04
Under Contract Date
2022-01-11
Close of Escrow Date
2022-02-09

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
3

More Information

Income Expenses

Gross Annual Sch Inc
52800
Net Operating Income
40044

1 Bedroom Units

# 1 Bedroom Units
4
Avg Rent
1050
Avg SqFt
480
# Baths
Yes

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Rolled
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes

Income & Expenses

Annual Elec Exp
500
Annual Ins Exp
1400
Annual Land Lse Exp
0
Annual Landscape Exp
1200
Annual Legal & Acctg
0
Annual Maint Exp
2000
Annual Mgmt Exp
2520
Annual Trash Exp
1500
Annual Wtr/Swr Exp
1500
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
11898
Other Income
1000
Vacancy Allowance
0.03
Adjusted Gross Inc
52186
Total Monthly Rental Income
4400

Pmt & Rate Info

Cap Rate
4.47
Down Payment
0
Equity
895000
Down Payment %
3.5
Monthly Payments
12
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Central Air
Yes
Electric
Yes
Individual
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
1 Space/Unit
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Individual Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
FHA
Yes
No Carry
Yes
1031 Exchange
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

Super Fund/WQARF/DOD
Yes

Efficiency 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: Block Const - Finish: Painted Roofing: Rolled Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building; Personal Property Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Heating: Natural Gas Cooling: Electric; Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: Carport; 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Owner; Projected Proforma Lockbox Type: None New Financing: FHA; Conventional; No Carry; 1031 Exchange Environmental: Super Fund/WQARF/DOD
IDX
Listing Office: Grace CRE
Last Updated: February - 02 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.