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908 S Mariana Street, Tempe
$725,000
4 Beds ⋅ 4 Baths ⋅ 7071735 MLS
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

908 S Mariana Street, Tempe

Courtesy of Get Multifamily. 480-795-7938

105 S Hardy Drive, Tempe
$675,000
6964846 MLS
Prime Tempe location within easy walking distance to the Tempe Center for the Arts and Tempe Town Lake, and just one mile from Arizona State University. This well-maintained 4-unit property offers a total of 1,927 square feet and strong rental appeal in one of Tempe's most desirable areas. Each unit features a functional kitchen-living room combo, 1 bedroom, and 1 full bath. The two north units include washer and dryer hookups. Bonus! A conceptual site plan to create a second floor addition has been developed for future expansion. A narrative has been included detailing the project , site plans are available as well. The property is masonry block construction with synthetic stucco exterior, offering durability and low maintenance. Tenants enjoy easy access and an onsite concrete parking lot with six parking spaces, a valuable amenity in this high-demand location. A complete remodel in 2012 updated all units with modern finishes, including porcelain tile flooring, baseboards, shower surrounds, and tile wainscot in all bathrooms. Kitchens were upgraded with granite countertops, European-style melamine cabinetry, black appliances (refrigerators, smooth-top stoves, and microwaves). Additional improvements include new interior doors, hardware, jambs, trim, wood window casing, double-pane aluminum windows throughout, updated electrical panels, track and recessed lighting, ceiling fans, and coaxial wiring in every room for internet connectivity. Contemporary metal corrugated siding accents the roof screen and mechanical room. An exceptional opportunity to own a turnkey, upgraded multi-family asset in a walkable, high-demand Tempe location near arts, recreation, and ASU. October 25, 2019 City of Tempe Planning department 31 E. 5th St. Tempe, AZ 85281 RE: 105 S. Hardy Description of change The subject property currently is a single story low sloped roof of exterior block, stucco, 4 unit building. Existing is one bedroom, one bath and one small kitchen per unit. New construction will be adding a second floor with a new common wall running the entire length and height of the building north to south to divide the building into two distinct units. Each unit of the new second floor above the existing single story building will contain one large great room, one bedroom , new kitchen and one bath on the second floor in each unit. The lower level of each unit of the duplex will contain 3 bedrooms,1 bath, a common area and a laundry area. The provided parking of 6 spaces is sufficient standards for the new use. The footprint of the lower building will remain the same with the exception of the new cantilevered deck to the north and slight addition of 6 second floor posts steel posts to the east and west. The existing sidewalks, west site wall, north paver patio area, concrete parking area, mature landscaping with several large trees and the existing grades will remain intact. One new sidewalk will be added along the west side to gain access to the newly created west facing door. Lower level of tannish sand finish stucco over the current first floor exterior block walls will remain as is in selected places. The current mill finish aluminum window sizes will be duplicated above on the second floor as to provide continuity. The exterior cladding will be a combination of a Fabral Cocoa Brown vertical metal siding along with delineated sections of horizontal galvalum interspersed below the window sections. The roof will consist of metal roof of a galvalum finish. The exterior soffit andfascia will be the galvalum color. The building will be fairly maintained free as it will have all prefinshed metal. Please let me know if I may provide any more information. Thank you. Glenn Odegard Nordic Properties, LLC Nordic Builders, Inc. Lic. 160685 KB-01

105 S Hardy Drive, Tempe

Courtesy of MMRE Advisors. pm@mmreadvisors.com Selling Office: Orion Investment Real Estate.

1301 W 3rd Street, Tempe
$800,000
6905604 MLS
Prime Tempe 4-Plex - Great investment opportunity in a highly sought-after Tempe location! The property features two spacious 2-bedroom/1-bath units and two 1-bedroom/1-bath units, each with its own front patio. The one-bedroom units also enjoy private enclosed yards, perfect for added tenant appeal. Shared amenities include an on-site laundry room and rear parking. Nestled on a quiet, well-kept street with numerous remodeled homes, this property is just minutes from ASU campus, Carvana Headquarters, Phoenix Sky Harbor International Airport, the 202 freeway. With some long-term tenants already in place, there's significant upside potential for upgrades and market rent increases. Exceptional Value-Add Potential. Please do not disturb residents!

1301 W 3rd Street, Tempe

Courtesy of Real Broker. 602-755-3415 Selling Office: Keller Williams Realty Phoenix.

1321 W 5th Street, Tempe
$827,000
6885871 MLS
Incredible Tempe investment opportunity! This fully leased, single story 4-plex features long-term, reliable tenants & has been professionally managed for years. All tenants are current on rent, some under market. Major updates, including roof and all AC units, were completed in 2018. Ideally located minutes from ASU, downtown Tempe, Tempe Town Lake, major freeways (Loop 202, 101 & I-10) and multiple bus lines. Quick access to top area employers like State Farm, ADP, Amazon, and Wells Fargo. Covered and uncovered parking at rear of property and shared laundry facility on site. Plus, room to add Tenant value with some interior and exterior cosmetic updates, reflected in list price. This property offers strong value in one of the Valley's most sought-after rental markets.

1321 W 5th Street, Tempe

Courtesy of Desert Dimensions Properties. 480-270-5355 Selling Office: West USA Realty.

1320-1312 W 5th Street, Tempe
$1,025,000
6830355 MLS
Sold! Per MLS, this represents the highest sold price for a cash/conventional deal EVER (4 units). Prime location just blocks from Hayden-Ferry Landing, Mill/ASU, and a few minutes to Old Town Scottsdale. In an OZ. All 2 bedroom unit mix (822sf/unit). Stabilized at a 6 CAP. Long-term, local owners have pride of ownership. Many recent renovations to some units including plumbing, kitchens/baths, windows, roof, etc. Classic features to value-add further. Excellent rents in place with mostly flexible month-to-month leases. The complex offers more amenities than the competition, including carport parking, fenced front yards with private back patios, individual laundry/storage rooms, gorgeous desert landscaping, and a pretty central courtyard. More like homes than apartments.

1320-1312 W 5th Street, Tempe

Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536 Selling Office: West USA Realty.

1973 E 10th Street, Tempe
$829,000
6752006 MLS
Prime Corner Lot 4Plex! Just minutes from ASU and the Light Rail, this single-story fourplex s a fantastic find for investors /developers.Each of the 2 Bed/1 Bath, 644 SqFt units is fully tiled and includes a private yard and storage space. Located on a corner lot, the property is surrounded by significant new development, attracting long-term tenants. With the potential to increase rents in a rapidly appreciating market, this property is a smart investment. While the laundry facility is currently inactive, it could be revived to generate additional income with coin-operated machines. Whether you're looking to start or expand your real estate portfolio, this fourplex has great potential. Two units has been updated with a new kitchen, flooring, lighting, and AC.Drive By Only.

1973 E 10th Street, Tempe

Courtesy of Compass. 480-776-1555 Selling Office: Gold Trust Realty.

405 S Priest Drive S, Tempe
$820,000
6740390 MLS
405 South Priest Drive (South) is a well maintained fourplex built in 1961 and recently renovated, near Arizona State University and major transportation routes, including Loop 202, SR-143, and I-10, as well as proximity to Phoenix Sky Harbor International Airport. The property consists of 100% 1-bedroom / 1-bathroom units, each offering 665 square feet of living space. In 2024, the property underwent extensive renovations, enhancing its appeal and functionality. Upgrades include new flooring, countertops, cabinetry, stainless-steel appliances, updated bathrooms, modern light fixtures, new doors, and fresh paint. The property is individually metered for electricity and features a shared laundry room, as well as separate storage areas for each unit. New roof by close of escrow.

405 S Priest Drive S, Tempe

Courtesy of ABI Multifamily. 602-714-1400 Selling Office: Realty ONE Group.

405 S Priest Drive N, Tempe
$820,000
6740368 MLS
405 South Priest Drive (North) is a well maintained fourplex built in 1961 and recently renovated, near Arizona State University and major transportation routes, including Loop 202, SR-143, and I-10, as well as proximity to Phoenix Sky Harbor International Airport. The property consists of 100% 1-bedroom / 1-bathroom units, each offering 665 square feet of living space. In 2024, the property underwent extensive renovations, enhancing its appeal and functionality. Upgrades include new flooring, countertops, cabinetry, stainless-steel appliances, updated bathrooms, modern light fixtures, new doors, and fresh paint. The property is individually metered for electricity and features a shared laundry room, as well as separate storage areas for each unit. New roof by Close of Escrow.

405 S Priest Drive N, Tempe

Courtesy of ABI Multifamily. 602-714-1400 Selling Office: Realty ONE Group.

2122 S Granada Drive, Tempe
$707,500
6723731 MLS
If you know the Tempe area, you know THIS is the location to be in as an investor! Located directly next to the highly desirable neighborhood of Broadmor, this single-level, fully occupied 4-unit will be a valuable addition to your investment portfolio whether you're an experienced investor or just starting out. This prime investment opportunity consists of Three(3)-1bd/1ba units plus One(1) 2bd/1ba unit, each unit with its own convenient dedicated parking spot in the rear, individually metered electric. Many updates throughout! Highly desirable central location with high tenant demand! Don't miss out on this exceptional opportunity to own a multifamily property in one of Tempe's most sought-after locations! Buyer to verify all facts and figures to their satisfaction.

2122 S Granada Drive, Tempe

Courtesy of Barrett Real Estate. 480-864-2100 Selling Office: eXp Realty.

1978 E Don Carlos Avenue, Tempe
$900,000
6665930 MLS
Discover an exceptional investment opportunity with this fully renovated 4plex in the heart of Tempe, Arizona. This turnkey property boasts a consistent rental history, featuring four fully occupied two-bedroom, one-bath units. Three of the units were extensively renovated in 2018, showcasing modern maple cabinetry, elegant quartz countertops, stainless steel appliances, contemporary fixtures, new sinks, upgraded flooring, and fresh paint throughout. Unit D received a complete makeover in 2023, with sleek white shaker cabinetry, quartz countertops, brand-new stainless steel appliances, fully updated bathrooms, and chic wood-tile flooring. The exterior has been enhanced with a fresh coat of paint in 2023, and the parking lot has been redone, ensuring a well-maintained appearance. Situated in a desirable area of Tempe, this fourplex is conveniently located near shopping, dining, and entertainment options. Its proximity to Arizona State University (ASU) makes it an attractive choice for students and faculty, ensuring a consistent demand for rental units. ** each unit is individually metered!

1978 E Don Carlos Avenue, Tempe

Courtesy of eXp Realty. 888-897-7821 Selling Office: Redfin Corporation.

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