908 S MARIANA Street, Tempe, AZ 85281 (MLS# 7071735)

908 S MARIANA Street, Tempe, AZ 85281

$725,000

Property Type: Multiple Dwellings Bedrooms: 4 Baths: 4 Status: Active

Current Price: $725,000 Last Modified: 9/08/2026

Overview

Description

Four on Mariana is a well-maintained four-unit residential investment property located in central Tempe, Arizona. The property consists of four 1- bedroom/1-bathroom units, each approximately 480 SF (1,920 SF total), situated on the end lot of a cul-de-sac with four covered parking spaces and a seller-owned coin laundry on-site. The location is a key asset -- within walking distance of the Arizona State University Tempe campus and minutes from the Novus Innovation Corridor and major highways, driving consistent tenant demand and historically low vacancy. Tenants enjoy exceptional connectivity with minutes-away access to major highways. This is not just a stable investment, it's an opportunity for growth. Current market analysis indiscated room to increase rents allowing for larger re

Listing Details MLS# 7071735

Location, Tax & Legal

House Number: 908
Compass: S
Street Name: MARIANA
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 7375
Country: US
County Code: Maricopa
Subdivision: MARIANA PARK I
Assessor Number: 132-73-147
Tax Year: 2025
Assessor's Map #: 73
Legal Description (Abbrev): MARIANA PARK I
Assessor's Parcel #: 147
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319102
Taxes: 1412
Legal: LOT 1 MARIANA PARK I MCR 009404
Marketing Name: Four on Mariana

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 118x60
Year Built: 1959
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: R-3
High School District: Tempe Union High School District
High School: McClintock High School

Remarks Misc

Cross Street: Dorsey & University/Apache

Legal Info

Township: 1N
Range: 4E
Section: 23
Lot Number: Yes
Cnty Rcrd Bk & Pg #: 94/4

1 Bedroom Units

# 1 Bedroom Units: 4
Avg Rent: 1038
Avg SqFt: 480
# Baths: Yes

More Information

Structure

Bedrooms Total: 4
Bathrooms Total: 4

Income Expenses

Gross Annual Sch Inc: 49800
Net Operating Income: 38433

Showing Notification Methods

Showing Service: Aligned Showings

Project Type

Four Plex: Yes

Efficiency Units

Avg Rent: 0

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Built-Up: Yes

Floors

Concrete: Yes
Vinyl: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 510
Annual Gas Exp: 1135
Annual Ins Exp: 1692
Annual Land Lse Exp: 0
Annual Landscape Exp: 1200
Annual Legal & Acctg: 0
Annual Maint Exp: 1270
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 2498
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 9717
Other Income: 1200
Vacancy Allowance: 0.05
Adjusted Gross Inc: 48450
Total Monthly Rental Income: 4150

Pmt & Rate Info

Down Payment: 0
Equity: 0
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Assessment Balance: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Central: Yes
Other: Yes
See Remarks: Yes

Cooling

Central Air: Yes

Exterior Amenities

Landscape Water System: Yes
Green Landscaping: Yes
Curb(s) & Gutter(s): Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Security Light(s): Yes

Interior Features

Furnished: Yes
Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes
Breakfast Bar: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Free-Standing Gas Oven: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Access Type

Alley: Yes
City Street: Yes
Dedicated Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Other (See Remarks): Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

Carport: Yes
Paved: Yes
Assigned: Yes
Off Street: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Gas: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
No Carry: Yes
1031 Exchange: Yes

Special

Incorporated Area: Yes

Existing 1st Loan

Conventional: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Built-Up Floors: Concrete; Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Curb(s) & Gutter(s); Sidewalk(s); Patio/Balcony; Security Light(s) Interior Features: Furnished; Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Breakfast Bar Appliances Included: Free-Standing Gas Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Central; Other; See Remarks Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: APS Gas: SW Gas Parking Features: Carport; Assigned; Paved; Off Street Road Access Type: Alley; City Street; Dedicated Street Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Other (See Remarks) Special: Incorporated Area Lockbox Type: None Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: Get Multifamily

Last Updated: September - 08 - 2026