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.

Multi Family for Sale in Tempe, AZ

Search for Multi Family for Sale in Tempe, Arizona. Browse all of Mashvisor’s Multi Family listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 14 Multi Family listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1224 S Smith Rd Tempe, AZ Fully occupied 4plex, in heart of Tempe, located walking distance from Smith/Apache Light ...	N/A beds \| N/A baths \| 2,576 sq.ft.	$1,075,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.83% Airbnb Rental Income: $null Traditional Rental Income: $2057 Airbnb ROI: N/A Traditional ROI: 0.83%
522 W Howe St Tempe, AZ TWO DUPLEX BUILDINGS. ALL 4 UNITS ARE 1-BEDROOM, 1-BATH. INVESTMENT OPPORTUNITY CLOSE TO ...	N/A beds \| N/A baths \| 1,916 sq.ft.	$1,000,000	Airbnb cash on cash: -0.3% Traditional cash on cash: -0.07% Airbnb Rental Income: $1312 Traditional Rental Income: $1115 Airbnb ROI: -0.3% Traditional ROI: -0.07%
1234 S Farmer Ave Tempe, AZ Incredible triplex in the heart of downtown Tempe-just a stone's throw from ASU! This well...	N/A beds \| N/A baths \| N/A	$949,995	Airbnb cash on cash: -0.92% Traditional cash on cash: -0.3% Airbnb Rental Income: $637 Traditional Rental Income: $898 Airbnb ROI: -0.92% Traditional ROI: -0.3%
1145 W Southern Ave Tempe, AZ DO NOT DISTURB TENANTS. BRAND NEW ROOF FEB 2026! Exceptional opportunity to acquire a high...	N/A beds \| N/A baths \| N/A	$935,000	Airbnb cash on cash: -1.03% Traditional cash on cash: -0.01% Airbnb Rental Income: $613 Traditional Rental Income: $1214 Airbnb ROI: -1.03% Traditional ROI: -0.01%
1218 S Farmer Ave Tempe, AZ	7 beds \| N/A baths \| 6,250 sq.ft.	$1,675,000	Airbnb cash on cash: -1.5% Traditional cash on cash: -0.31% Airbnb Rental Income: $637 Traditional Rental Income: $2193 Airbnb ROI: -1.5% Traditional ROI: -0.31%
1002 S Mariana St Tempe, AZ 1002 S Mariana St, Tempe, AZ 85281 \| Multi Family	N/A beds \| N/A baths \| N/A	$730,000	Airbnb cash on cash: 1.37% Traditional cash on cash: -0.5% Airbnb Rental Income: $2809 Traditional Rental Income: $879 Airbnb ROI: 1.37% Traditional ROI: -0.5%
1229 E Spence Ave Tempe, AZ Rare opportunity to purchase a R-4 (High Density) zoned multi family land and homes with f...	N/A beds \| N/A baths \| N/A	$1,450,000	Airbnb cash on cash: -0.81% Traditional cash on cash: -0.5% Airbnb Rental Income: $804 Traditional Rental Income: $904 Airbnb ROI: -0.81% Traditional ROI: -0.5%
1101 S Farmer Ave Tempe, AZ 1101 S Farmer Ave, Tempe, AZ 85281 \| Multi Family	8 beds \| N/A baths \| 17,496 sq.ft.	$995,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 0.51% Airbnb Rental Income: $2356 Traditional Rental Income: $2101 Airbnb ROI: 0.16% Traditional ROI: 0.51%
1231 N Oleander St Tempe, AZ 1231 N Oleander St, Tempe, AZ 85288 \| Multi Family	9 beds \| N/A baths \| 1,896 sq.ft.	$1,200,000	Airbnb cash on cash: -1.14% Traditional cash on cash: -0.08% Airbnb Rental Income: $1031 Traditional Rental Income: $1854 Airbnb ROI: -1.14% Traditional ROI: -0.08%
1253 W Southern Ave Tempe, AZ INCREDIBLE INVESTOR OPPORTUNITY -- RARE 4-PLEX IN TEMPE WITH A 9.08% CAP RATE! This high-p...	8 beds \| N/A baths \| N/A	$975,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.8% Airbnb Rental Income: $null Traditional Rental Income: $2885 Airbnb ROI: N/A Traditional ROI: 1.8%
1248 E Harry St Tempe, AZ Turnkey duplex offered as part of a five-unit residential compound across two adjacent par...	N/A beds \| N/A baths \| N/A	$700,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 1.21% Airbnb Rental Income: $954 Traditional Rental Income: $1682 Airbnb ROI: -0.44% Traditional ROI: 1.21%
1244 N Rose St Tempe, AZ Fully renovated 3-unit income property offered as part of a rare five-unit residential com...	N/A beds \| N/A baths \| N/A	$950,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 0.23% Airbnb Rental Income: $954 Traditional Rental Income: $1322 Airbnb ROI: -0.58% Traditional ROI: 0.23%
1021 N Harold St Tempe, AZ Tempe Duplex consisting of all 3-bedroom/1-bath units with large backyards and washer/drye...	N/A beds \| N/A baths \| N/A	$605,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 1.7% Airbnb Rental Income: $954 Traditional Rental Income: $1746 Airbnb ROI: -0.32% Traditional ROI: 1.7%
604 S Roosevelt St Tempe, AZ 604 S Roosevelt St, Tempe, AZ 85281 \| Multi Family	N/A beds \| N/A baths \| N/A	$1,795,000	Airbnb cash on cash: -1.24% Traditional cash on cash: -1.18% Airbnb Rental Income: $1161 Traditional Rental Income: $882 Airbnb ROI: -1.24% Traditional ROI: -1.18%

Your search for investment property begins and ends here

Multi Family for Sale in Tempe, AZ

1224 S Smith Rd

Tempe, AZ

N/A beds | N/A baths | 2,576 sq.ft.

$1,075,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.83%

Airbnb Rental Income: $null

Traditional Rental Income: $2057

Airbnb ROI: N/A

Traditional ROI: 0.83%

522 W Howe St

Tempe, AZ

N/A beds | N/A baths | 1,916 sq.ft.

$1,000,000

Airbnb cash on cash: -0.3%

Traditional cash on cash: -0.07%

Airbnb Rental Income: $1312

Traditional Rental Income: $1115

Airbnb ROI: -0.3%

Traditional ROI: -0.07%

1234 S Farmer Ave

Tempe, AZ

N/A beds | N/A baths | N/A

$949,995

Airbnb cash on cash: -0.92%

Traditional cash on cash: -0.3%

Airbnb Rental Income: $637

Traditional Rental Income: $898

Airbnb ROI: -0.92%

Traditional ROI: -0.3%

1145 W Southern Ave

Tempe, AZ

N/A beds | N/A baths | N/A

$935,000

Airbnb cash on cash: -1.03%

Traditional cash on cash: -0.01%

Airbnb Rental Income: $613

Traditional Rental Income: $1214

Airbnb ROI: -1.03%

Traditional ROI: -0.01%

1218 S Farmer Ave

Tempe, AZ

7 beds | N/A baths | 6,250 sq.ft.

$1,675,000

Airbnb cash on cash: -1.5%

Traditional cash on cash: -0.31%

Airbnb Rental Income: $637

Traditional Rental Income: $2193

Airbnb ROI: -1.5%

Traditional ROI: -0.31%

1002 S Mariana St

Tempe, AZ

N/A beds | N/A baths | N/A

$730,000

Airbnb cash on cash: 1.37%

Traditional cash on cash: -0.5%

Airbnb Rental Income: $2809

Traditional Rental Income: $879

Airbnb ROI: 1.37%

Traditional ROI: -0.5%

1229 E Spence Ave

Tempe, AZ

N/A beds | N/A baths | N/A

$1,450,000

Airbnb cash on cash: -0.81%

Traditional cash on cash: -0.5%

Airbnb Rental Income: $804

Traditional Rental Income: $904

Airbnb ROI: -0.81%

Traditional ROI: -0.5%

1101 S Farmer Ave

Tempe, AZ

8 beds | N/A baths | 17,496 sq.ft.

$995,000

Airbnb cash on cash: 0.16%

Traditional cash on cash: 0.51%

Airbnb Rental Income: $2356

Traditional Rental Income: $2101

Airbnb ROI: 0.16%