Real Estate Investment Properties for Sale in Tempe, AZ

Looking for investment property in Tempe, AZ with high ROI ?

Explore a variety of short-term homes & houses in Tempe, AZ. Invest wisely with VRBO & Tempe, AZ Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Tempe, AZ

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
633 W SOUTHERN Avenue #1195 Tempe, AZ Rare opportunity in a community where homes don't often change hands! This stylish 2 bed, ...	2 beds \| 2 baths \| 972 sq.ft.	$317,500	Airbnb cash on cash: 1.99% Traditional cash on cash: 4.32% Airbnb Rental Income: $1827 Traditional Rental Income: $2031 Airbnb ROI: 1.99% Traditional ROI: 4.32%
4819 S TERRY Lane Tempe, AZ Welcome to 4819 S Terry Ln in Tempeâa freshly remodeled 3-bedroom, 2-bath home that's mo...	3 beds \| 2 baths \| 1,353 sq.ft.	$449,999	Airbnb cash on cash: 2.95% Traditional cash on cash: 4.41% Airbnb Rental Income: $2570 Traditional Rental Income: $2569 Airbnb ROI: 2.95% Traditional ROI: 4.41%
1032 E REDFIELD Road Tempe, AZ Fresh, fun, and full of charm, this bright and inviting 3 bedroom townhome offers a layout...	3 beds \| 2 baths \| 1,035 sq.ft.	$299,000	Airbnb cash on cash: 4.59% Traditional cash on cash: 5.17% Airbnb Rental Income: $2609 Traditional Rental Income: $2149 Airbnb ROI: 4.59% Traditional ROI: 5.17%
1323 E WHALERS Way Tempe, AZ A must see in the sought after community of THE LAKES! Right in the heart of Tempe, walkin...	4 beds \| 4 baths \| 4,024 sq.ft.	$1,499,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 2.85% Airbnb Rental Income: $2844 Traditional Rental Income: $6236 Airbnb ROI: -0.07% Traditional ROI: 2.85%
581 S ROOSEVELT Street Tempe, AZ Urban Charm Meets Modern Comfort in Walkable Tempe This beautifully updated townhome blen...	2 beds \| 3 baths \| 1,220 sq.ft.	$445,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 3.3% Airbnb Rental Income: $1846 Traditional Rental Income: $2368 Airbnb ROI: 0.85% Traditional ROI: 3.3%
1608 E BAKER Drive Tempe, AZ Great Tempe location! 3 bedroom 2.5 Bath Townhome. Updates (2018-2022) include: Dual pane ...	3 beds \| 3 baths \| 1,656 sq.ft.	$389,000	Airbnb cash on cash: 3.42% Traditional cash on cash: 5.1% Airbnb Rental Income: $2739 Traditional Rental Income: $2709 Airbnb ROI: 3.42% Traditional ROI: 5.1%
1081 W 1ST Street #10 Tempe, AZ Drive, Bike, Boat, Skate or Walk to this unique property near all amenities like ASU, Temp...	3 beds \| 3 baths \| 1,647 sq.ft.	$464,999	Airbnb cash on cash: 1.34% Traditional cash on cash: 4.19% Airbnb Rental Income: $2395 Traditional Rental Income: $3049 Airbnb ROI: 1.34% Traditional ROI: 4.19%
1943 E DRAKE Drive Tempe, AZ This single-level residence is situated in the prestigious lake community of ''Oasis at An...	4 beds \| 2 baths \| 2,407 sq.ft.	$699,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 3.45% Airbnb Rental Income: $2879 Traditional Rental Income: $3384 Airbnb ROI: 1.65% Traditional ROI: 3.45%
2032 E PEGASUS Drive Tempe, AZ VACANT & MOTIVATED SELLER. Fully renovated, home, landscape, and pool. Welcome to your...	4 beds \| 2 baths \| 2,132 sq.ft.	$735,000	Airbnb cash on cash: 1.73% Traditional cash on cash: 3.01% Airbnb Rental Income: $2892 Traditional Rental Income: $3102 Airbnb ROI: 1.73% Traditional ROI: 3.01%
5621 S CAPTAIN KIDD Court #D Tempe, AZ Welcome to this charming 3 bed, 2 bath townhouse in the heart of Tempe, Arizona! This invi...	3 beds \| 3 baths \| 1,290 sq.ft.	$325,000	Airbnb cash on cash: 4% Traditional cash on cash: 5.06% Airbnb Rental Income: $2661 Traditional Rental Income: $2353 Airbnb ROI: 4% Traditional ROI: 5.06%
1006 S UNA Avenue Tempe, AZ Step into timeless charm in the heart of Tempe! Nestled in the Borden Homes Historic Distr...	3 beds \| 2 baths \| 1,290 sq.ft.	$499,999	Airbnb cash on cash: 2.32% Traditional cash on cash: 4.25% Airbnb Rental Income: $2301 Traditional Rental Income: $2631 Airbnb ROI: 2.32% Traditional ROI: 4.25%
2035 S ELM Street #226 Tempe, AZ Conveniently located in the heart of Tempe close to all of the action and employers at ASU...	2 beds \| 2 baths \| 1,004 sq.ft.	$298,000	Airbnb cash on cash: 1.87% Traditional cash on cash: 4.01% Airbnb Rental Income: $1818 Traditional Rental Income: $1926 Airbnb ROI: 1.87% Traditional ROI: 4.01%
2512 S EVERGREEN Road Tempe, AZ Beautifully upgraded move-in ready 3 bed, 2 bath brick ranch in secluded Broadway Palmsâ...	3 beds \| 2 baths \| 1,308 sq.ft.	$479,000	Airbnb cash on cash: 3.14% Traditional cash on cash: 4.05% Airbnb Rental Income: $2739 Traditional Rental Income: $2505 Airbnb ROI: 3.14% Traditional ROI: 4.05%
6405 S EL CAMINO Drive Tempe, AZ Beautifully updated 3-bedroom, 2.5-bath townhouse in the heart of Tempe with 1,452 sq ft o...	3 beds \| 3 baths \| 1,452 sq.ft.	$345,000	Airbnb cash on cash: 3.74% Traditional cash on cash: 4.65% Airbnb Rental Income: $2609 Traditional Rental Income: $2280 Airbnb ROI: 3.74% Traditional ROI: 4.65%
1631 E BELL DE MAR Drive Tempe, AZ Act fast this stylish 3 bed, 2 bath single-story home in an ideal Tempe location is close ...	3 beds \| 2 baths \| 1,274 sq.ft.	$430,000	Airbnb cash on cash: 3.49% Traditional cash on cash: 4.45% Airbnb Rental Income: $2696 Traditional Rental Income: $2441 Airbnb ROI: 3.49% Traditional ROI: 4.45%
1109 S ASH Avenue Tempe, AZ Just Reduced $9,000! Voted ''Best Home On Tour'' on the Tempe Home Tour (June 2025) â an...	3 beds \| 2 baths \| 1,890 sq.ft.	$789,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 2.62% Airbnb Rental Income: $2298 Traditional Rental Income: $3136 Airbnb ROI: 0.7% Traditional ROI: 2.62%
5618 S SAILORS REEF Road Tempe, AZ Welcome to your oasis at the prestigious community of The Lakes of Tempe! Discover this be...	4 beds \| 2 baths \| 2,364 sq.ft.	$629,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 3.39% Airbnb Rental Income: $3049 Traditional Rental Income: $3039 Airbnb ROI: 2.22% Traditional ROI: 3.39%
2226 S KACHINA Drive Tempe, AZ This beautifully remodeled 3-bedroom, 2-bathroom home offers the perfect blend of comfort,...	3 beds \| 2 baths \| 1,934 sq.ft.	$599,500	Airbnb cash on cash: 2.03% Traditional cash on cash: 3.87% Airbnb Rental Income: $2648 Traditional Rental Income: $3050 Airbnb ROI: 2.03% Traditional ROI: 3.87%
120 E Rio Salado Parkway #402 Tempe, AZ Live your dream life here! You will fall in love with this gorgeous 2 bedroom, 2 bath high...	2 beds \| 2 baths \| 1,495 sq.ft.	$750,000	Airbnb cash on cash: -1.83% Traditional cash on cash: 0.37% Airbnb Rental Income: $1846 Traditional Rental Income: $2882 Airbnb ROI: -1.83% Traditional ROI: 0.37%
2161 E GEMINI Drive Tempe, AZ Don't miss this gorgeous home in the heart of Tempe near the 101 and 60 freeway! This one...	3 beds \| 2 baths \| 1,836 sq.ft.	$549,900	Airbnb cash on cash: 2.42% Traditional cash on cash: 4.17% Airbnb Rental Income: $2713 Traditional Rental Income: $2972 Airbnb ROI: 2.42% Traditional ROI: 4.17%
1329 E WHALERS Way Tempe, AZ Waterfront Front home in one of the most sought-after communities in Tempe. Home features ...	4 beds \| 3 baths \| 3,241 sq.ft.	$960,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.22% Airbnb Rental Income: $2844 Traditional Rental Income: $4516 Airbnb ROI: 0.61% Traditional ROI: 3.22%
1127 S UNA Avenue Tempe, AZ Modernized Mid-Century Gem Near ASU \| RV Gate \| Pool-Ready Yard \| Oversized Lot Step in...	4 beds \| 2 baths \| 1,568 sq.ft.	$529,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 4.34% Airbnb Rental Income: $2751 Traditional Rental Income: $2923 Airbnb ROI: 2.68% Traditional ROI: 4.34%
1715 S HARDY Drive Tempe, AZ Whether you are looking for an STR opportunity or a new home, this property is move-in rea...	4 beds \| 2 baths \| 1,858 sq.ft.	$575,000	Airbnb cash on cash: 2.8% Traditional cash on cash: 3.51% Airbnb Rental Income: $3073 Traditional Rental Income: $2751 Airbnb ROI: 2.8% Traditional ROI: 3.51%
1413 W 7TH Place Tempe, AZ NEW EXTERIOR PAINT! And brand new pebble pool surface completed in June 2025! Nice and spa...	4 beds \| 2 baths \| 1,723 sq.ft.	$495,000	Airbnb cash on cash: 3.08% Traditional cash on cash: 5.08% Airbnb Rental Income: $2821 Traditional Rental Income: $3089 Airbnb ROI: 3.08% Traditional ROI: 5.08%
312 S HARDY Drive #106 Tempe, AZ Spacious and stylish, this upgraded Downtown Tempe condo is just steps from Mill Avenue, A...	2 beds \| 3 baths \| 1,451 sq.ft.	$460,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 3.27% Airbnb Rental Income: $1945 Traditional Rental Income: $2548 Airbnb ROI: 0.68% Traditional ROI: 3.27%
2201 S EVERGREEN Road Tempe, AZ Welcome home to this charming property located in Tempe just minuets from ASU on a oversiz...	4 beds \| 2 baths \| 1,829 sq.ft.	$598,900	Airbnb cash on cash: 2.4% Traditional cash on cash: 3.85% Airbnb Rental Income: $2903 Traditional Rental Income: $3043 Airbnb ROI: 2.4% Traditional ROI: 3.85%
5335 S Mitchell Drive Tempe, AZ This 2-bedroom townhome awaits you! Upon arrival, you'll see a 2-car garage, desert landsc...	2 beds \| 2 baths \| 1,156 sq.ft.	$349,900	Airbnb cash on cash: 1.88% Traditional cash on cash: 5.34% Airbnb Rental Income: $1680 Traditional Rental Income: $2347 Airbnb ROI: 1.88% Traditional ROI: 5.34%
747 W RICE Drive Tempe, AZ Adorable 2-bedroom townhouse fully remodeled, searching for its new owner! This one-level ...	2 beds \| 1 baths \| 988 sq.ft.	$320,000	Airbnb cash on cash: 2.2% Traditional cash on cash: 3.97% Airbnb Rental Income: $1680 Traditional Rental Income: $1742 Airbnb ROI: 2.2% Traditional ROI: 3.97%
1939 E ALAMEDA Drive Tempe, AZ Move-in ready remodel with a great floor plan that has all of the modern touches!! Updated...	3 beds \| 2 baths \| 1,260 sq.ft.	$470,000	Airbnb cash on cash: 3.08% Traditional cash on cash: 4.16% Airbnb Rental Income: $2674 Traditional Rental Income: $2515 Airbnb ROI: 3.08% Traditional ROI: 4.16%
192 W LOS ARBOLES Drive Tempe, AZ WELCOME HOME! Tucked away in a quiet cul-de-sac, this thoughtfully updated home blends sty...	4 beds \| 3 baths \| 2,599 sq.ft.	$650,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 3.01% Airbnb Rental Income: $2686 Traditional Rental Income: $2905 Airbnb ROI: 1.6% Traditional ROI: 3.01%
602 E Colgate Drive Tempe, AZ Huge price drop! Charming 2-bedroom, 1-bathroom Tempe townhome offering 1,073 square feet ...	2 beds \| 1 baths \| 1,073 sq.ft.	$299,999	Airbnb cash on cash: 2.78% Traditional cash on cash: 3.99% Airbnb Rental Income: $1958 Traditional Rental Income: $1784 Airbnb ROI: 2.78% Traditional ROI: 3.99%
1862 E TULANE Drive Tempe, AZ Beautifully updated 4-bedroom home with private pool in sought-after Tempe Royal Palms. Fr...	4 beds \| 2 baths \| 2,208 sq.ft.	$623,000	Airbnb cash on cash: 2.13% Traditional cash on cash: 3.99% Airbnb Rental Income: $2844 Traditional Rental Income: $3260 Airbnb ROI: 2.13% Traditional ROI: 3.99%
4410 S GRANDVIEW Avenue Tempe, AZ Beautifully maintained 3-bedroom home in the sought-after Tempe Gardens! Featuring a charm...	3 beds \| 2 baths \| 1,394 sq.ft.	$525,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 3.98% Airbnb Rental Income: $2525 Traditional Rental Income: $2668 Airbnb ROI: 2.44% Traditional ROI: 3.98%
324 E RIVIERA Drive Tempe, AZ Welcome to 324 E Riviera Dr - a spacious 4-bedroom, 2-bath pool home in the heart of Tempe...	4 beds \| 2 baths \| 2,019 sq.ft.	$459,000	Airbnb cash on cash: 3.36% Traditional cash on cash: 5.83% Airbnb Rental Income: $2889 Traditional Rental Income: $3278 Airbnb ROI: 3.36% Traditional ROI: 5.83%
1502 E MINTON Drive Tempe, AZ Beautifully updated 4 bed, 2 bath single-level home in desirable Tempe Gardens! Featuring ...	4 beds \| 2 baths \| 2,083 sq.ft.	$599,000	Airbnb cash on cash: 2.45% Traditional cash on cash: 4.28% Airbnb Rental Income: $2903 Traditional Rental Income: $3251 Airbnb ROI: 2.45% Traditional ROI: 4.28%
1065 E FAIRMONT Drive Tempe, AZ Embrace the allure of this gorgeous 4 bedroom 2 bath home with four large sliding doors an...	4 beds \| 2 baths \| 2,073 sq.ft.	$629,999	Airbnb cash on cash: 2.13% Traditional cash on cash: 3.01% Airbnb Rental Income: $2792 Traditional Rental Income: $2656 Airbnb ROI: 2.13% Traditional ROI: 3.01%
2333 E SOUTHERN Avenue #2050 Tempe, AZ Don't miss your opportunity to own this charming Tempe gem, ideally situated on a rare cor...	2 beds \| 2 baths \| 1,090 sq.ft.	$309,900	Airbnb cash on cash: 1.7% Traditional cash on cash: 4.46% Airbnb Rental Income: $1727 Traditional Rental Income: $2055 Airbnb ROI: 1.7% Traditional ROI: 4.46%
5617 S PIRATES COVE Road Tempe, AZ Discover this stunning 3BR, 2.5BA waterfront property in Tempe's West Lakes. This cul-de-s...	3 beds \| 3 baths \| 2,469 sq.ft.	$699,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 4.42% Airbnb Rental Income: $2661 Traditional Rental Income: $4123 Airbnb ROI: 1.21% Traditional ROI: 4.42%
14 E HERMOSA Drive Tempe, AZ Rare 4 bed townhouse for under $350K! Updated 4 bed, 2.5 baths and conveniently located ju...	4 beds \| 3 baths \| 1,408 sq.ft.	$340,000	Airbnb cash on cash: 4.36% Traditional cash on cash: 5.81% Airbnb Rental Income: $2889 Traditional Rental Income: $2683 Airbnb ROI: 4.36% Traditional ROI: 5.81%
1424 S BONARDEN Lane Tempe, AZ Just reduced & priced to sell. This charming 2-bedroom, 1-bathroom home is an absolute gem...	2 beds \| 1 baths \| 640 sq.ft.	$349,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 2.93% Airbnb Rental Income: $1830 Traditional Rental Income: $1467 Airbnb ROI: 2.53% Traditional ROI: 2.93%

Real Estate investment in Tempe, AZ

There are 274 properties for sale in the city of Tempe . The median list price in Tempe is $469,500 and the average price per square foot is $285. In September 2025, the average monthly cash on cash return in Tempe is 4.00%. The average monthly rental income in Tempe is $2,551.

Tempe, AZ Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 274 investment properties available for sale in Tempe.

In 2025, the best neighborhood to buy investment property is Peterson Park.

The ROI for Long-Term is higher than the Short-Term in Tempe with average rental income of $2,551.

Your search for investment property begins and ends here

Investment Property for Sale in Tempe, AZ

633 W SOUTHERN Avenue #1195

Tempe, AZ

2 beds | 2 baths | 972 sq.ft.

$317,500

Airbnb cash on cash: 1.99%

Traditional cash on cash: 4.32%

Airbnb Rental Income: $1827

Traditional Rental Income: $2031

Airbnb ROI: 1.99%

Traditional ROI: 4.32%

4819 S TERRY Lane

Tempe, AZ

3 beds | 2 baths | 1,353 sq.ft.

$449,999

Airbnb cash on cash: 2.95%

Traditional cash on cash: 4.41%

Airbnb Rental Income: $2570

Traditional Rental Income: $2569

Airbnb ROI: 2.95%

Traditional ROI: 4.41%

1032 E REDFIELD Road

Tempe, AZ

3 beds | 2 baths | 1,035 sq.ft.

$299,000

Airbnb cash on cash: 4.59%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $2609

Traditional Rental Income: $2149

Airbnb ROI: 4.59%

Traditional ROI: 5.17%

1323 E WHALERS Way

Tempe, AZ

4 beds | 4 baths | 4,024 sq.ft.

$1,499,000

Airbnb cash on cash: -0.07%

Traditional cash on cash: 2.85%

Airbnb Rental Income: $2844

Traditional Rental Income: $6236

Airbnb ROI: -0.07%

Traditional ROI: 2.85%

581 S ROOSEVELT Street

Tempe, AZ

2 beds | 3 baths | 1,220 sq.ft.

$445,000

Airbnb cash on cash: 0.85%

Traditional cash on cash: 3.3%

Airbnb Rental Income: $1846

Traditional Rental Income: $2368

Airbnb ROI: 0.85%

Traditional ROI: 3.3%

1608 E BAKER Drive

Tempe, AZ

3 beds | 3 baths | 1,656 sq.ft.

$389,000

Airbnb cash on cash: 3.42%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $2739

Traditional Rental Income: $2709

Airbnb ROI: 3.42%

Traditional ROI: 5.1%

1081 W 1ST Street #10

Tempe, AZ

3 beds | 3 baths | 1,647 sq.ft.

$464,999

Airbnb cash on cash: 1.34%

Traditional cash on cash: 4.19%

Airbnb Rental Income: $2395

Traditional Rental Income: $3049

Airbnb ROI: 1.34%

Traditional ROI: 4.19%

1943 E DRAKE Drive

Tempe, AZ

4 beds | 2 baths | 2,407 sq.ft.

$699,000

Airbnb cash on cash: 1.65%

Traditional cash on cash: 3.45%

Airbnb Rental Income: $2879

Traditional Rental Income: $3384

Airbnb ROI: 1.65%