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
2938 N 61st Pl #212 Tempe, AZ 2938 N 61st Pl #212, Tempe, AZ 85251 \| Townhouse	2 beds \| 1 baths \| 950 sq.ft.	$325,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 1.44% Airbnb Rental Income: $1637 Traditional Rental Income: $1368 Airbnb ROI: 0.81% Traditional ROI: 1.44%
633 W SOUTHERN Avenue unit: 1195 #1195 Tempe, AZ Resort-style living in a community where homes don't often change hands! This stylish 2 be...	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%
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.	$290,000	Airbnb cash on cash: 4.63% Traditional cash on cash: 5.36% Airbnb Rental Income: $2566 Traditional Rental Income: $2149 Airbnb ROI: 4.63% Traditional ROI: 5.36%
1323 E WHALERS Way Tempe, AZ A Must-See in the Highly Sought-After Community of THE LAKES! Located in the heart of Temp...	4 beds \| 4 baths \| 4,024 sq.ft.	$1,350,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 3.27% Airbnb Rental Income: $2707 Traditional Rental Income: $6236 Airbnb ROI: -0.05% Traditional ROI: 3.27%
1427 W AMANDA Lane Tempe, AZ This stunning 4-bedroom property with a 3-car garage combines comfort, style, and space in...	4 beds \| 2 baths \| 2,478 sq.ft.	$775,000	Airbnb cash on cash: 1.63% Traditional cash on cash: 4.7% Airbnb Rental Income: $3127 Traditional Rental Income: $4634 Airbnb ROI: 1.63% Traditional ROI: 4.7%
117 W 10TH Street Tempe, AZ Rare Investment Opportunity in Prime Tempe Location! Don't miss this incredible chance to ...	8 beds \| N/A baths \| N/A	$2,595,000	Airbnb cash on cash: -0.73% Traditional cash on cash: -0.09% Airbnb Rental Income: $1877 Traditional Rental Income: $2904 Airbnb ROI: -0.73% Traditional ROI: -0.09%
1027 S SIESTA Lane Tempe, AZ Fully renovated and thoughtfully designed, this 4 bedroom, 2 bath property offers a rare c...	4 beds \| 2 baths \| 1,886 sq.ft.	$625,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 4.09% Airbnb Rental Income: $2468 Traditional Rental Income: $3217 Airbnb ROI: 1.78% Traditional ROI: 4.09%
1284 W STACEY Lane Tempe, AZ Welcome to this stunning single-level home in the highly sought-after 85284 zip code! Offe...	4 beds \| 2 baths \| 2,720 sq.ft.	$839,500	Airbnb cash on cash: 1.41% Traditional cash on cash: 2.65% Airbnb Rental Income: $3127 Traditional Rental Income: $3390 Airbnb ROI: 1.41% Traditional ROI: 2.65%
5621 S CAPTAIN KIDD Court unit: D #D Tempe, AZ BRAND NEW PAINT and CARPET Welcome to this charming 3 bed, 2 bath townhouse in the hea...	3 beds \| 2 baths \| 1,290 sq.ft.	$312,000	Airbnb cash on cash: 4.2% Traditional cash on cash: 5.31% Airbnb Rental Income: $2661 Traditional Rental Income: $2353 Airbnb ROI: 4.2% Traditional ROI: 5.31%
2035 S ELM Street unit: 226 #226 Tempe, AZ Clean turn-key condo with bright natural lighting, open floor plan with vaulted ceilings, ...	2 beds \| 2 baths \| 1,004 sq.ft.	$293,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 4.09% Airbnb Rental Income: $1900 Traditional Rental Income: $1926 Airbnb ROI: 2.17% Traditional ROI: 4.09%
120 E Rio Salado Parkway unit: 402 #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.	$699,000	Airbnb cash on cash: -1.75% Traditional cash on cash: 0.46% Airbnb Rental Income: $1954 Traditional Rental Income: $2882 Airbnb ROI: -1.75% Traditional ROI: 0.46%
11 E REDONDO Drive Tempe, AZ Move-In Ready Tempe Townhome with Modern Upgrades! Discover this beautifully updated townh...	3 beds \| 2 baths \| 2,164 sq.ft.	$545,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 4.22% Airbnb Rental Income: $1918 Traditional Rental Income: $3183 Airbnb ROI: 0.74% Traditional ROI: 4.22%
5624 S CROWS NEST Road Tempe, AZ Beautiful upgraded home with charm and character. This property is located in the sought a...	4 beds \| 2 baths \| 2,310 sq.ft.	$570,000	Airbnb cash on cash: 2.54% Traditional cash on cash: 4.19% Airbnb Rental Income: $3049 Traditional Rental Income: $3230 Airbnb ROI: 2.54% Traditional ROI: 4.19%
525 W LAKESIDE Drive unit: 140 #140 Tempe, AZ Hurry to this rare opportunity to live your vacation every day in a charming, resort-style...	2 beds \| 2 baths \| 1,557 sq.ft.	$550,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 2.08% Airbnb Rental Income: $1954 Traditional Rental Income: $2449 Airbnb ROI: 0.11% Traditional ROI: 2.08%
919 W PARKWAY Boulevard Tempe, AZ Ready to create your own HGTV-worthy masterpiece? Welcome to your next adventure in the he...	3 beds \| 2 baths \| 1,274 sq.ft.	$449,900	Airbnb cash on cash: 1.36% Traditional cash on cash: 4.55% Airbnb Rental Income: $1699 Traditional Rental Income: $2567 Airbnb ROI: 1.36% Traditional ROI: 4.55%
1622 E 12TH Street Tempe, AZ This Home has had a lot of Remodeling Done. Big Beautiful Grass Backyard. Newer Roof and N...	3 beds \| 2 baths \| 904 sq.ft.	$440,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 3.91% Airbnb Rental Income: $2436 Traditional Rental Income: $2264 Airbnb ROI: 2.88% Traditional ROI: 3.91%
140 E Rio Salado Parkway unit: 411 #411 Tempe, AZ Experience the ultimate in luxury living at Bridgeview at Hayden Ferry Lakeside. This stun...	1 beds \| 2 baths \| 1,282 sq.ft.	$464,000	Airbnb cash on cash: -2.41% Traditional cash on cash: 1.75% Airbnb Rental Income: $1332 Traditional Rental Income: $2731 Airbnb ROI: -2.41% Traditional ROI: 1.75%
1430 W LA JOLLA Drive Tempe, AZ Charming and private one-level 2BR/2BA end-unit townhome in a desirable Tempe Spanish Colo...	2 beds \| 2 baths \| 957 sq.ft.	$324,900	Airbnb cash on cash: 1.74% Traditional cash on cash: 3.89% Airbnb Rental Income: $1714 Traditional Rental Income: $1899 Airbnb ROI: 1.74% Traditional ROI: 3.89%
9011 S DATELAND Drive Tempe, AZ Don't miss this beautifully remodeled single-level charmer in highly sought-after Warner R...	4 beds \| 2 baths \| 2,214 sq.ft.	$699,900	Airbnb cash on cash: 2.04% Traditional cash on cash: 3.23% Airbnb Rental Income: $3127 Traditional Rental Income: $3195 Airbnb ROI: 2.04% Traditional ROI: 3.23%
1939 E ALAMEDA Drive Tempe, AZ This home is move-in ready with an open floor plan that is low-maintenance.. Features incl...	3 beds \| 2 baths \| 1,260 sq.ft.	$454,900	Airbnb cash on cash: 2.9% Traditional cash on cash: 4.31% Airbnb Rental Income: $2523 Traditional Rental Income: $2515 Airbnb ROI: 2.9% Traditional ROI: 4.31%
959 E LOBSTER TRAP Lane Tempe, AZ WOW, Prime location, countless upgrades (listed below), paid off SOLAR, oasis backyard, id...	3 beds \| 2 baths \| 1,601 sq.ft.	$599,500	Airbnb cash on cash: 1.85% Traditional cash on cash: 3.29% Airbnb Rental Income: $2661 Traditional Rental Income: $2832 Airbnb ROI: 1.85% Traditional ROI: 3.29%
2139 S LA ROSA Drive Tempe, AZ Live in the heart of Tempe, just minutes from ASU, Mill Avenue, and the area's best dining...	3 beds \| 2 baths \| 1,563 sq.ft.	$478,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 4.48% Airbnb Rental Income: $2290 Traditional Rental Income: $2814 Airbnb ROI: 2.03% Traditional ROI: 4.48%
2710 S TERRACE Road Tempe, AZ Fantastic opportunity to own this lovely 4-bedroom home! You're greeted by a serene living...	4 beds \| 2 baths \| 1,646 sq.ft.	$550,000	Airbnb cash on cash: 1.73% Traditional cash on cash: 3.98% Airbnb Rental Income: $2285 Traditional Rental Income: $2872 Airbnb ROI: 1.73% Traditional ROI: 3.98%
434 E CARSON Drive Tempe, AZ Welcome to this charming 3 bedroom, 2 bath home in a highly sought after south Tempe commu...	3 beds \| 2 baths \| 1,640 sq.ft.	$515,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 4.35% Airbnb Rental Income: $2538 Traditional Rental Income: $2866 Airbnb ROI: 2.39% Traditional ROI: 4.35%
1905 E Gemini Drive Tempe, AZ Welcome to 1905 E. Gemini Drive, nestled in the heart of South Tempe in Optimist Park! Thi...	4 beds \| 2 baths \| 1,953 sq.ft.	$575,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 4.13% Airbnb Rental Income: $2983 Traditional Rental Income: $3095 Airbnb ROI: 2.65% Traditional ROI: 4.13%
3527 S OAK Street Tempe, AZ Welcome to your private retreat on HUGE Corner lot in the heart of Tempe 85282 zip code wi...	3 beds \| 2 baths \| 2,172 sq.ft.	$549,900	Airbnb cash on cash: 2.21% Traditional cash on cash: 4.72% Airbnb Rental Income: $2589 Traditional Rental Income: $3259 Airbnb ROI: 2.21% Traditional ROI: 4.72%
616 S HARDY Drive #201 Tempe, AZ Two bedroom and two bathroom condo for sale near ASU! Second floor corner unit and close t...	2 beds \| 2 baths \| 779 sq.ft.	$279,000	Airbnb cash on cash: 2.81% Traditional cash on cash: 4% Airbnb Rental Income: $1987 Traditional Rental Income: $1779 Airbnb ROI: 2.81% Traditional ROI: 4%
307 W SANTA CRUZ Drive Tempe, AZ You'll love this charming, well-maintained home with POOL on a prime corner lot! Offering ...	3 beds \| 2 baths \| 1,538 sq.ft.	$469,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 4.55% Airbnb Rental Income: $2454 Traditional Rental Income: $2678 Airbnb ROI: 2.67% Traditional ROI: 4.55%
2333 E SOUTHERN Avenue unit: 2050 #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.	$265,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 5.37% Airbnb Rental Income: $1573 Traditional Rental Income: $2055 Airbnb ROI: 1.64% Traditional ROI: 5.37%
1874 E GENEVA Drive Tempe, AZ SUPER CENTRAL LOCATION IN TEMPE NEAR SOUTHERN & MCCLINTOCK. BIG POOL! BEAUTIFUL and HIGHLY...	4 beds \| 2 baths \| 2,336 sq.ft.	$549,950	Airbnb cash on cash: 2.58% Traditional cash on cash: 5.19% Airbnb Rental Income: $2814 Traditional Rental Income: $3496 Airbnb ROI: 2.58% Traditional ROI: 5.19%
1644 E BROADMOR Drive Tempe, AZ Beautifully Remodeled Home in Prime Tempe Location! For sale or for rent!!! Welcome to 164...	3 beds \| 2 baths \| 1,629 sq.ft.	$519,900	Airbnb cash on cash: 2.07% Traditional cash on cash: 3.99% Airbnb Rental Income: $2390 Traditional Rental Income: $2739 Airbnb ROI: 2.07% Traditional ROI: 3.99%
2022 E BISHOP Drive Tempe, AZ Discover the alluring charm of this Mid-Century Modern/Spanish Revival retreat in Tempe, A...	3 beds \| 2 baths \| 1,875 sq.ft.	$725,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 3.01% Airbnb Rental Income: $2555 Traditional Rental Income: $3072 Airbnb ROI: 1.34% Traditional ROI: 3.01%
1706 W VILLAGE Way Tempe, AZ Don't miss this highly sought after location. This 3 bedroom, 1.5 bath has a spacious floo...	3 beds \| 2 baths \| 1,152 sq.ft.	$239,900	Airbnb cash on cash: 4.02% Traditional cash on cash: 5.75% Airbnb Rental Income: $2169 Traditional Rental Income: $2011 Airbnb ROI: 4.02% Traditional ROI: 5.75%
7716 S RITA Lane Tempe, AZ Gorgeous 2-bedroom townhome in the desirable Terramere! The interior will charm you with b...	2 beds \| 2 baths \| 1,405 sq.ft.	$430,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.65% Airbnb Rental Income: $1594 Traditional Rental Income: $2442 Airbnb ROI: 0.41% Traditional ROI: 3.65%
151 E BROADWAY Road unit: 103 #103 Tempe, AZ Investment Opportunity! 30 Day Rentals are Allowed! Perfect for winter visitors, business ...	2 beds \| 2 baths \| 1,088 sq.ft.	$262,500	Airbnb cash on cash: 1.74% Traditional cash on cash: 4.91% Airbnb Rental Income: $1648 Traditional Rental Income: $1971 Airbnb ROI: 1.74% Traditional ROI: 4.91%
4616 S Poplar Street Tempe, AZ Prime Tempe location! MOTIVATED seller-bring us an offer! This home includes major recent ...	3 beds \| 2 baths \| 1,832 sq.ft.	$534,900	Airbnb cash on cash: 2.33% Traditional cash on cash: 4.44% Airbnb Rental Income: $2568 Traditional Rental Income: $3006 Airbnb ROI: 2.33% Traditional ROI: 4.44%
1060 E Louis Way Tempe, AZ Largest home available in Terramere with the lowest price per square foot! Here you have s...	2 beds \| 2 baths \| 1,597 sq.ft.	$441,800	Airbnb cash on cash: 0.34% Traditional cash on cash: 3.71% Airbnb Rental Income: $1594 Traditional Rental Income: $2532 Airbnb ROI: 0.34% Traditional ROI: 3.71%
2015 E SOUTHERN Avenue unit: 23 #23 Tempe, AZ This updated 3BR, 2 bath townhome with sparkling community pool is move in ready! The cook...	3 beds \| 2 baths \| 1,230 sq.ft.	$325,000	Airbnb cash on cash: 3.74% Traditional cash on cash: 4.69% Airbnb Rental Income: $2555 Traditional Rental Income: $2228 Airbnb ROI: 3.74% Traditional ROI: 4.69%
1070 E SUNBURST Lane Tempe, AZ Prime living in TEMPE AZ's #1-rated zip code, 85284. Fully renovated 3BR/2.5BA with vaulte...	3 beds \| 2 baths \| 1,490 sq.ft.	$450,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 4.8% Airbnb Rental Income: $2528 Traditional Rental Income: $3018 Airbnb ROI: 2.19% Traditional ROI: 4.8%
11812 S 71ST Street Tempe, AZ There is luxury, and then there is the Tally Ho Estate. A visionary new build unlike anyth...	4 beds \| 6 baths \| 8,500 sq.ft.	$8,500,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 0.01% Airbnb Rental Income: $3122 Traditional Rental Income: $8844 Airbnb ROI: -0.81% Traditional ROI: 0.01%

Real Estate investment in Tempe, AZ

There are 384 properties for sale in the city of Tempe . The median list price in Tempe is $479,900 and the average price per square foot is $266. In December 2025, the average monthly cash on cash return in Tempe is 3.00%. The average monthly rental income in Tempe is $2,192.

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

There are 384 investment properties available for sale in Tempe.

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

The ROI for Long-Term is higher than the Short-Term in Tempe with average rental income of $2,192.

Your search for investment property begins and ends here

Investment Property for Sale in Tempe, AZ

2938 N 61st Pl #212

Tempe, AZ

2 beds | 1 baths | 950 sq.ft.

$325,000

Airbnb cash on cash: 0.81%

Traditional cash on cash: 1.44%

Airbnb Rental Income: $1637

Traditional Rental Income: $1368

Airbnb ROI: 0.81%

Traditional ROI: 1.44%

633 W SOUTHERN Avenue unit: 1195 #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%

1032 E REDFIELD Road

Tempe, AZ

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

$290,000

Airbnb cash on cash: 4.63%

Traditional cash on cash: 5.36%

Airbnb Rental Income: $2566

Traditional Rental Income: $2149

Airbnb ROI: 4.63%

Traditional ROI: 5.36%

1323 E WHALERS Way

Tempe, AZ

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

$1,350,000

Airbnb cash on cash: -0.05%

Traditional cash on cash: 3.27%

Airbnb Rental Income: $2707

Traditional Rental Income: $6236

Airbnb ROI: -0.05%

Traditional ROI: 3.27%

1427 W AMANDA Lane

Tempe, AZ

4 beds | 2 baths | 2,478 sq.ft.

$775,000

Airbnb cash on cash: 1.63%

Traditional cash on cash: 4.7%

Airbnb Rental Income: $3127

Traditional Rental Income: $4634

Airbnb ROI: 1.63%

Traditional ROI: 4.7%

117 W 10TH Street

Tempe, AZ

8 beds | N/A baths | N/A

$2,595,000

Airbnb cash on cash: -0.73%

Traditional cash on cash: -0.09%

Airbnb Rental Income: $1877

Traditional Rental Income: $2904

Airbnb ROI: -0.73%

Traditional ROI: -0.09%

1027 S SIESTA Lane

Tempe, AZ

4 beds | 2 baths | 1,886 sq.ft.

$625,000

Airbnb cash on cash: 1.78%

Traditional cash on cash: 4.09%

Airbnb Rental Income: $2468

Traditional Rental Income: $3217

Airbnb ROI: 1.78%

Traditional ROI: 4.09%

1284 W STACEY Lane

Tempe, AZ

4 beds | 2 baths | 2,720 sq.ft.

$839,500

Airbnb cash on cash: 1.41%

Traditional cash on cash: 2.65%

Airbnb Rental Income: $3127

Traditional Rental Income: $3390

Airbnb ROI: 1.41%