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.

Townhouses for Sale in Tempe, AZ

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

Showing 88 Townhouse listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1032 E Redfield Rd 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.	$279,500	Airbnb cash on cash: 3.26% Traditional cash on cash: 5.59% Airbnb Rental Income: $2067 Traditional Rental Income: $2149 Airbnb ROI: 3.26% Traditional ROI: 5.59%
117 W 10th St Tempe, AZ Turnkey duplex investment with major upgrades already done. Across the property, the exter...	2 beds \| 1 baths \| 1,024 sq.ft.	$645,000	Airbnb cash on cash: -1% Traditional cash on cash: 1.11% Airbnb Rental Income: $805 Traditional Rental Income: $2904 Airbnb ROI: -1% Traditional ROI: 1.11%
1081 W 1st St #10 Tempe, AZ Wow! GORGEOUS 3-bed, 2.5-bath 3.5-car garage, 3 Story Townhouse Tempe AZ! Luxury and Locat...	3 beds \| 3 baths \| 1,647 sq.ft.	$449,890	Airbnb cash on cash: -1.23% Traditional cash on cash: 4.2% Airbnb Rental Income: $1139 Traditional Rental Income: $3049 Airbnb ROI: -1.23% Traditional ROI: 4.2%
6405 S EL Camino Dr Tempe, AZ Welcome to this beautifully maintained, move-in ready townhouse offering the perfect blend...	3 beds \| 2 baths \| 1,452 sq.ft.	$315,000	Airbnb cash on cash: 2.52% Traditional cash on cash: 5.04% Airbnb Rental Income: $2067 Traditional Rental Income: $2280 Airbnb ROI: 2.52% Traditional ROI: 5.04%
1081 W 1st St #16 Tempe, AZ Drive, Bike, Boat, Skate, Walk or Rail over to this unique property near everything that ...	2 beds \| 2 baths \| 1,590 sq.ft.	$444,995	Airbnb cash on cash: -0.56% Traditional cash on cash: 2.46% Airbnb Rental Income: $1442 Traditional Rental Income: $2273 Airbnb ROI: -0.56% Traditional ROI: 2.46%
1527 S River Dr Tempe, AZ Welcome to 1527 S River Dr. in the heart of Tempe. The property features a spacious backya...	2 beds \| 2 baths \| 1,080 sq.ft.	$401,500	Airbnb cash on cash: -0.32% Traditional cash on cash: 2.97% Airbnb Rental Income: $1204 Traditional Rental Income: $2052 Airbnb ROI: -0.32% Traditional ROI: 2.97%
83 W Calle De Arcos -- Tempe, AZ Warner Ranch!! 2 Bedroom, 2 bathroom AND 2 Car Garage w/coated flooring!! This is a rare...	2 beds \| 2 baths \| 1,289 sq.ft.	$390,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 3.22% Airbnb Rental Income: $1450 Traditional Rental Income: $2010 Airbnb ROI: 0.51% Traditional ROI: 3.22%
730 S Beck Ave Tempe, AZ An amazing investment opportunity in the Abby Lane subdivision of Tempe. Walking distance ...	3 beds \| 3 baths \| 1,206 sq.ft.	$465,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 2.15% Airbnb Rental Income: $1139 Traditional Rental Income: $1967 Airbnb ROI: -0.63% Traditional ROI: 2.15%
1402 E Guadalupe Rd #149 Tempe, AZ Live the easy Tempe lifestyle at La Tierra Condos, updated ground-floor condo, security do...	2 beds \| 2 baths \| 1,065 sq.ft.	$259,940	Airbnb cash on cash: 1.82% Traditional cash on cash: 5.02% Airbnb Rental Income: $1646 Traditional Rental Income: $1967 Airbnb ROI: 1.82% Traditional ROI: 5.02%
641 S Roosevelt St Tempe, AZ Darling Townhome in Hyde Park. This community is quiet and filled with professionals of a...	2 beds \| 2 baths \| 1,962 sq.ft.	$615,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 1.83% Airbnb Rental Income: $1442 Traditional Rental Income: $2386 Airbnb ROI: -0.57% Traditional ROI: 1.83%
1204 E Dunbar Dr Tempe, AZ LOCATION, LOCATION! 3-bedroom unit in Park Premiere Townhouses! Step into inviting living ...	3 beds \| 1 baths \| 1,200 sq.ft.	$280,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 5.85% Airbnb Rental Income: $1950 Traditional Rental Income: $2336 Airbnb ROI: 2.44% Traditional ROI: 5.85%
637 S Roosevelt St Tempe, AZ 1% FLEX CREDIT TO BE APPLIED TOWARDS CLOSING COSTS OR RATE BUYDOWN, OFFERED BY PREFERRED L...	2 beds \| 2 baths \| 1,220 sq.ft.	$460,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 3.19% Airbnb Rental Income: $1442 Traditional Rental Income: $2390 Airbnb ROI: -0.01% Traditional ROI: 3.19%
2122 E Margarita Dr Tempe, AZ NICE TWO STORY, TWO BEDROOMS, 1.5 BATHROOMS, 2 CAR DETACHED GARAGE. LOCATED NEAR 101 FWY. ...	2 beds \| 1 baths \| 1,248 sq.ft.	$329,900	Airbnb cash on cash: -0.7% Traditional cash on cash: 2.69% Airbnb Rental Income: $1038 Traditional Rental Income: $1728 Airbnb ROI: -0.7% Traditional ROI: 2.69%
14 E Hermosa Dr Tempe, AZ Seller willing to pay for RATE BUYDOWN! Condo is VA eligible! All new vinyl plank flooring...	4 beds \| 2 baths \| 1,408 sq.ft.	$343,750	Airbnb cash on cash: 1.2% Traditional cash on cash: 5.71% Airbnb Rental Income: $1697 Traditional Rental Income: $2683 Airbnb ROI: 1.2% Traditional ROI: 5.71%
1035 E Laguna Dr Tempe, AZ Welcome to Puerta Del Sol, one of Tempe's most desirable townhome communities! Designed by...	3 beds \| 3 baths \| 1,952 sq.ft.	$450,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 5.66% Airbnb Rental Income: $1950 Traditional Rental Income: $3290 Airbnb ROI: 1.26% Traditional ROI: 5.66%
2134 E Broadway Rd #1039 Tempe, AZ Move-in ready 3-bedroom, 2-bath townhouse in Tempe, Arizona with direct private garage acc...	3 beds \| 2 baths \| 1,282 sq.ft.	$324,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 4.89% Airbnb Rental Income: $1010 Traditional Rental Income: $2324 Airbnb ROI: -0.6% Traditional ROI: 4.89%
2035 S Elm St #138 Tempe, AZ Brand new vinyl plank flooring throughout!! Seller just added last week!! Discover the per...	2 beds \| 2 baths \| 999 sq.ft.	$275,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 5.13% Airbnb Rental Income: $1595 Traditional Rental Income: $2104 Airbnb ROI: 1.41% Traditional ROI: 5.13%
2145 E Center Ln #3 Tempe, AZ A full 3 bedroom 2 bathroom townhouse! (Nobody above or below you.) You'll notice right aw...	3 beds \| 2 baths \| 1,036 sq.ft.	$324,500	Airbnb cash on cash: -0.62% Traditional cash on cash: 3.99% Airbnb Rental Income: $1004 Traditional Rental Income: $2054 Airbnb ROI: -0.62% Traditional ROI: 3.99%
1823 E Kirkland Ln #A Tempe, AZ Great opportunity in prime Tempe location. Single level unit with large patio and private ...	2 beds \| 1 baths \| 910 sq.ft.	$199,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.79% Airbnb Rental Income: $1204 Traditional Rental Income: $1532 Airbnb ROI: 0.99% Traditional ROI: 4.79%
122 S Hardy Dr #2 Tempe, AZ Situated in the Hacienda Del Rio community, this charming, remodeled townhome offers an in...	2 beds \| 1 baths \| 1,120 sq.ft.	$329,000	Airbnb cash on cash: 1.09% Traditional cash on cash: 3.77% Airbnb Rental Income: $1442 Traditional Rental Income: $1843 Airbnb ROI: 1.09% Traditional ROI: 3.77%
913 E Laguna Dr Tempe, AZ Charming 3 bed/3 bath townhome in the sought after area of Tempe! Close to ASU and freewa...	3 beds \| 3 baths \| 2,396 sq.ft.	$450,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 5.54% Airbnb Rental Income: $1721 Traditional Rental Income: $3193 Airbnb ROI: 0.92% Traditional ROI: 5.54%
633 W Southern Ave #1139 Tempe, AZ Beautifully maintained condo in a prime Tempe location! This desirable unit features a fun...	2 beds \| 2 baths \| 1,092 sq.ft.	$324,500	Airbnb cash on cash: 0.47% Traditional cash on cash: 4.48% Airbnb Rental Income: $1273 Traditional Rental Income: $2095 Airbnb ROI: 0.47% Traditional ROI: 4.48%
1222 W Baseline Rd #153 Tempe, AZ This darling condo is a must see, with great outdoor space, an open floor plan, one car at...	2 beds \| 2 baths \| 1,093 sq.ft.	$325,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 3.22% Airbnb Rental Income: $909 Traditional Rental Income: $1797 Airbnb ROI: -0.8% Traditional ROI: 3.22%
3941 S Mill Ave Tempe, AZ Minutes from Arizona State University and the Mill Avenue district. Finding a 4-bedroom un...	4 beds \| 2 baths \| 1,536 sq.ft.	$340,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 5.93% Airbnb Rental Income: $1697 Traditional Rental Income: $2713 Airbnb ROI: 1.27% Traditional ROI: 5.93%
91 W Calle DE Arcos -- Tempe, AZ Welcome to this charming single-level 3-bedroom, 2-bathroom home in the desirable Warner R...	3 beds \| 2 baths \| 1,304 sq.ft.	$450,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 2.8% Airbnb Rental Income: $1822 Traditional Rental Income: $2140 Airbnb ROI: 0.87% Traditional ROI: 2.8%
1445 E Broadway Rd #120 Tempe, AZ This charming 3-bedroom, 2-bathroom end-unit townhome in a gated community offers an unbea...	3 beds \| 2 baths \| 1,413 sq.ft.	$345,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 4.66% Airbnb Rental Income: $1578 Traditional Rental Income: $2530 Airbnb ROI: 0.33% Traditional ROI: 4.66%
4901 S Calle Los Cerros Dr #202 Tempe, AZ Wood-burning fireplace. Quartz countertops. Samsung Smart kitchen. This isn't a cosmetic t...	2 beds \| 1 baths \| 812 sq.ft.	$270,000	Airbnb cash on cash: 0% Traditional cash on cash: 2.87% Airbnb Rental Income: $1166 Traditional Rental Income: $1523 Airbnb ROI: 0% Traditional ROI: 2.87%
1319 E Susan Ln Tempe, AZ Charming 2-bedroom, 2-bath townhouse in a gated community in the heart of Tempe! Built in ...	2 beds \| N/A baths \| 1,188 sq.ft.	$399,900	Airbnb cash on cash: 0.12% Traditional cash on cash: 3.06% Airbnb Rental Income: $1464 Traditional Rental Income: $2134 Airbnb ROI: 0.12% Traditional ROI: 3.06%
1016 E Tempe Dr Tempe, AZ 1016 E Tempe Dr, Tempe, AZ 85288 \| Single Family Residential	3 beds \| 4 baths \| 2,626 sq.ft.	$744,900	Airbnb cash on cash: -0.32% Traditional cash on cash: 1.04% Airbnb Rental Income: $1451 Traditional Rental Income: $1963 Airbnb ROI: -0.32% Traditional ROI: 1.04%
2333 E Southern Ave #2016 Tempe, AZ A rare find in a location that makes life easy-just minutes from the 101, the 60, ASU, MCC...	1 beds \| 1 baths \| 878 sq.ft.	$249,999	Airbnb cash on cash: -0.09% Traditional cash on cash: 4.33% Airbnb Rental Income: $1008 Traditional Rental Income: $1695 Airbnb ROI: -0.09% Traditional ROI: 4.33%
606 S Wilson St Tempe, AZ Walk from ASU from this charming Brownstone. With 1,750 sqft of multi-level living space, ...	2 beds \| 2 baths \| 1,757 sq.ft.	$535,885	Airbnb cash on cash: -0.39% Traditional cash on cash: 3.25% Airbnb Rental Income: $1442 Traditional Rental Income: $2833 Airbnb ROI: -0.39% Traditional ROI: 3.25%
2129 E Kirkland Ln #1 Tempe, AZ Discover this charming single-level 3-bedroom, 2-bath townhome in the sought-after Univers...	3 beds \| 2 baths \| 1,036 sq.ft.	$339,100	Airbnb cash on cash: -0.61% Traditional cash on cash: 3.93% Airbnb Rental Income: $1004 Traditional Rental Income: $2096 Airbnb ROI: -0.61% Traditional ROI: 3.93%
906 W Malibu Dr Tempe, AZ 906 W Malibu Dr, Tempe, AZ 85282 \| Townhouse	3 beds \| 2 baths \| 1,088 sq.ft.	$309,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 3% Airbnb Rental Income: $1609 Traditional Rental Income: $1748 Airbnb ROI: 0.95% Traditional ROI: 3%
6512 S Mcallister Ave Tempe, AZ Two story townhome with bedrooms upstairs. Brand new windows on back porch, kitchen, and f...	3 beds \| 1 baths \| 1,220 sq.ft.	$323,500	Airbnb cash on cash: 2.46% Traditional cash on cash: 3.15% Airbnb Rental Income: $2067 Traditional Rental Income: $1743 Airbnb ROI: 2.46% Traditional ROI: 3.15%
2123 E Kirkland Ln #4 Tempe, AZ Discover this charming single-level 3-bedroom, 2-bath townhome in the sought-after Univers...	3 beds \| 2 baths \| 1,036 sq.ft.	$335,100	Airbnb cash on cash: -0.61% Traditional cash on cash: 4.04% Airbnb Rental Income: $1004 Traditional Rental Income: $2111 Airbnb ROI: -0.61% Traditional ROI: 4.04%
1638 E Donner Dr Tempe, AZ Approved Price! This tastefully updated, 2 bed, 2 bath townhouse is being professionally n...	2 beds \| 2 baths \| 1,544 sq.ft.	$328,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 5.75% Airbnb Rental Income: $1646 Traditional Rental Income: $2530 Airbnb ROI: 1.38% Traditional ROI: 5.75%
6556 S LA Rosa Dr Tempe, AZ This adorable condo is ready for its new owners! New carpet and paint plus upgrades to the...	3 beds \| 1 baths \| 1,220 sq.ft.	$283,000	Airbnb cash on cash: 2.95% Traditional cash on cash: 7.91% Airbnb Rental Income: $2067 Traditional Rental Income: $2858 Airbnb ROI: 2.95% Traditional ROI: 7.91%
5442 S Hurricane Ct Tempe, AZ Welcome to your dream home inside the prestigious gated community within The Lakes! This b...	3 beds \| 2 baths \| 1,912 sq.ft.	$675,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 3.44% Airbnb Rental Income: $1900 Traditional Rental Income: $3655 Airbnb ROI: -0.15% Traditional ROI: 3.44%
834 S Casitas Dr #B Tempe, AZ 834 S Casitas Dr #B, Tempe, AZ 85281 \| Townhouse	3 beds \| 2 baths \| 1,144 sq.ft.	$270,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 4.05% Airbnb Rental Income: $1004 Traditional Rental Income: $1823 Airbnb ROI: -0.57% Traditional ROI: 4.05%
2662 E Oakleaf Dr Tempe, AZ This end-unit townhome with private storage unit, is a 2 bedroom, 1 bath that offers effic...	2 beds \| 1 baths \| 951 sq.ft.	$210,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 5.43% Airbnb Rental Income: $1038 Traditional Rental Income: $1683 Airbnb ROI: 0.37% Traditional ROI: 5.43%

Your search for investment property begins and ends here

Townhouses for Sale in Tempe, AZ

1032 E Redfield Rd

Tempe, AZ

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

$279,500

Airbnb cash on cash: 3.26%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $2067

Traditional Rental Income: $2149

Airbnb ROI: 3.26%

Traditional ROI: 5.59%

117 W 10th St

Tempe, AZ

2 beds | 1 baths | 1,024 sq.ft.

$645,000

Airbnb cash on cash: -1%

Traditional cash on cash: 1.11%

Airbnb Rental Income: $805

Traditional Rental Income: $2904

Airbnb ROI: -1%

Traditional ROI: 1.11%

1081 W 1st St #10

Tempe, AZ

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

$449,890

Airbnb cash on cash: -1.23%

Traditional cash on cash: 4.2%

Airbnb Rental Income: $1139

Traditional Rental Income: $3049

Airbnb ROI: -1.23%

Traditional ROI: 4.2%

6405 S EL Camino Dr

Tempe, AZ

3 beds | 2 baths | 1,452 sq.ft.

$315,000

Airbnb cash on cash: 2.52%

Traditional cash on cash: 5.04%

Airbnb Rental Income: $2067

Traditional Rental Income: $2280

Airbnb ROI: 2.52%

Traditional ROI: 5.04%

1081 W 1st St #16

Tempe, AZ

2 beds | 2 baths | 1,590 sq.ft.

$444,995

Airbnb cash on cash: -0.56%

Traditional cash on cash: 2.46%

Airbnb Rental Income: $1442

Traditional Rental Income: $2273

Airbnb ROI: -0.56%

Traditional ROI: 2.46%

1527 S River Dr

Tempe, AZ

2 beds | 2 baths | 1,080 sq.ft.

$401,500

Airbnb cash on cash: -0.32%

Traditional cash on cash: 2.97%

Airbnb Rental Income: $1204

Traditional Rental Income: $2052

Airbnb ROI: -0.32%

Traditional ROI: 2.97%

83 W Calle De Arcos --

Tempe, AZ

2 beds | 2 baths | 1,289 sq.ft.

$390,000

Airbnb cash on cash: 0.51%

Traditional cash on cash: 3.22%

Airbnb Rental Income: $1450

Traditional Rental Income: $2010

Airbnb ROI: 0.51%

Traditional ROI: 3.22%

730 S Beck Ave

Tempe, AZ

3 beds | 3 baths | 1,206 sq.ft.

$465,000

Airbnb cash on cash: -0.63%

Traditional cash on cash: 2.15%

Airbnb Rental Income: $1139

Traditional Rental Income: $1967

Airbnb ROI: -0.63%