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 121 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 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.	$282,500	Airbnb cash on cash: 3.19% Traditional cash on cash: 5.53% Airbnb Rental Income: $2058 Traditional Rental Income: $2149 Airbnb ROI: 3.19% Traditional ROI: 5.53%
117 W 10TH Street Tempe, AZ Charming single-level home with a functional floorplan, spacious living areas, and great c...	2 beds \| 1 baths \| 1,024 sq.ft.	$645,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 3.24% Airbnb Rental Income: $1084 Traditional Rental Income: $2904 Airbnb ROI: -0.4% Traditional ROI: 3.24%
1081 W 1st St #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.	$449,890	Airbnb cash on cash: -1.69% Traditional cash on cash: 4.23% Airbnb Rental Income: $894 Traditional Rental Income: $3049 Airbnb ROI: -1.69% Traditional ROI: 4.23%
1222 W BASELINE Road unit: 176 Tempe, AZ METICULOUSLY CARED FOR AND PRICED BELOW COMPARABLE SALES! Corner-unit privacy and major up...	2 beds \| 2 baths \| 1,093 sq.ft.	$299,900	Airbnb cash on cash: -0.9% Traditional cash on cash: 4.19% Airbnb Rental Income: $865 Traditional Rental Income: $1970 Airbnb ROI: -0.9% Traditional ROI: 4.19%
5319 S Mitchell Dr Tempe, AZ Great townhouse in Tempe. Two car carport with direct access to home. Master suite has plu...	3 beds \| 2 baths \| 1,426 sq.ft.	$380,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 3.36% Airbnb Rental Income: $1431 Traditional Rental Income: $1803 Airbnb ROI: 1.12% Traditional ROI: 3.36%
1527 S RIVER Drive 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.	$402,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 2.96% Airbnb Rental Income: $1113 Traditional Rental Income: $2052 Airbnb ROI: -0.52% Traditional ROI: 2.96%
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.	$400,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 3.12% Airbnb Rental Income: $1171 Traditional Rental Income: $2010 Airbnb ROI: -0.15% Traditional ROI: 3.12%
517 W Duke Dr Tempe, AZ Seller can't wait for you to call this place home. Conveniently located 2 bed + den, 2 bat...	3 beds \| 2 baths \| 1,426 sq.ft.	$385,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 4.36% Airbnb Rental Income: $1431 Traditional Rental Income: $2204 Airbnb ROI: 1.04% Traditional ROI: 4.36%
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: -1.1% Traditional cash on cash: 2.15% Airbnb Rental Income: $894 Traditional Rental Income: $1967 Airbnb ROI: -1.1% Traditional ROI: 2.15%
1402 E GUADALUPE Road unit: 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.	$259,945	Airbnb cash on cash: 2.26% Traditional cash on cash: 5.02% Airbnb Rental Income: $1775 Traditional Rental Income: $1967 Airbnb ROI: 2.26% Traditional ROI: 5.02%
1025 W Malibu Dr Tempe, AZ One of the Most Affordable Town homes in Tempe! 2-bedroom, 1.75 bath Southern Village Esta...	2 beds \| 2 baths \| 884 sq.ft.	$275,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 3.1% Airbnb Rental Income: $1099 Traditional Rental Income: $1563 Airbnb ROI: -0.13% Traditional ROI: 3.1%
632 W Fordham Dr Tempe, AZ Welcome to this remodeled 2-beds+den, 3-baths home just minutes from ASU, shopping, dining...	3 beds \| 3 baths \| 988 sq.ft.	$325,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 4.88% Airbnb Rental Income: $1431 Traditional Rental Income: $2046 Airbnb ROI: 1.46% Traditional ROI: 4.88%
917 S HACIENDA Drive Tempe, AZ Move-in ready 2-bedroom, 2-bath townhome in the heart of Tempe featuring new flooring thro...	2 beds \| 2 baths \| 1,036 sq.ft.	$264,900	Airbnb cash on cash: -0.04% Traditional cash on cash: 4.69% Airbnb Rental Income: $1113 Traditional Rental Income: $1919 Airbnb ROI: -0.04% Traditional ROI: 4.69%
906 S ACAPULCO Lane unit: A Tempe, AZ Welcome to an incredible opportunity to own a beautifully remodeled and affordable townhou...	2 beds \| 1 baths \| 864 sq.ft.	$224,900	Airbnb cash on cash: 0.43% Traditional cash on cash: 3.63% Airbnb Rental Income: $1113 Traditional Rental Income: $1420 Airbnb ROI: 0.43% Traditional ROI: 3.63%
637 S ROOSEVELT Street Tempe, AZ Experience modern urban living in the heart of Tempe with timeless Brownstone architecture...	2 beds \| 3 baths \| 1,220 sq.ft.	$470,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 3.1% Airbnb Rental Income: $1161 Traditional Rental Income: $2390 Airbnb ROI: -0.56% Traditional ROI: 3.1%
2717 S ALDER Drive Tempe, AZ This move-in ready home features recently painted interior with 4 inch baseboards . New ti...	3 beds \| 2 baths \| 1,305 sq.ft.	$394,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.33% Airbnb Rental Income: $1354 Traditional Rental Income: $2360 Airbnb ROI: 0.48% Traditional ROI: 4.33%
14 E HERMOSA Drive Tempe, AZ Back on the market, new and improved! All new vinyl plank flooring, no carpet, updated bat...	4 beds \| 3 baths \| 1,408 sq.ft.	$344,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 5.71% Airbnb Rental Income: $1492 Traditional Rental Income: $2683 Airbnb ROI: 0.67% Traditional ROI: 5.71%
1035 E LAGUNA Drive 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.	$475,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 5.32% Airbnb Rental Income: $1799 Traditional Rental Income: $3290 Airbnb ROI: 0.86% Traditional ROI: 5.32%
1886 E Don Carlos Avenue unit: 170 Tempe, AZ Live where convenience meets comfort in this beautifully maintained two-story Tempe townho...	3 beds \| 3 baths \| 1,462 sq.ft.	$378,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 4.35% Airbnb Rental Income: $970 Traditional Rental Income: $2379 Airbnb ROI: -0.61% Traditional ROI: 4.35%
7716 S RITA Lane Tempe, AZ Gorgeous 2-bedroom townhome in the desirable Terramere! The interior will charm you with b...	2 beds \| 3 baths \| 1,405 sq.ft.	$399,500	Airbnb cash on cash: 1.1% Traditional cash on cash: 4% Airbnb Rental Income: $1856 Traditional Rental Income: $2442 Airbnb ROI: 1.1% Traditional ROI: 4%
2134 E BROADWAY Road unit: 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.	$328,900	Airbnb cash on cash: -0.36% Traditional cash on cash: 4.8% Airbnb Rental Income: $1100 Traditional Rental Income: $2324 Airbnb ROI: -0.36% Traditional ROI: 4.8%
915 S Hacienda Dr Tempe, AZ Wonderful 2 bedroom,2 bath condo in the heart of Tempe.Features include an open floor pla...	2 beds \| 2 baths \| 1,037 sq.ft.	$279,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 3.36% Airbnb Rental Income: $1113 Traditional Rental Income: $1663 Airbnb ROI: -0.16% Traditional ROI: 3.36%
2015 E SOUTHERN Avenue unit: 23 Tempe, AZ What a deal! One of the lowest priced updated 3BR, 2BA Tempe townhome. Move in ready! The ...	3 beds \| 2 baths \| 1,230 sq.ft.	$295,000	Airbnb cash on cash: 1.09% Traditional cash on cash: 5.25% Airbnb Rental Income: $1512 Traditional Rental Income: $2228 Airbnb ROI: 1.09% Traditional ROI: 5.25%
1070 E SUNBURST Lane Tempe, AZ Modern, Move-In Ready. Prime Tempe 85284. This stunning 3BR/2.5BA property checks every bo...	3 beds \| 3 baths \| 1,490 sq.ft.	$409,900	Airbnb cash on cash: 1.04% Traditional cash on cash: 5.36% Airbnb Rental Income: $1857 Traditional Rental Income: $3018 Airbnb ROI: 1.04% Traditional ROI: 5.36%
320 W Laguna Dr Tempe, AZ This is a must see unique property! Located in the heart of Tempe. Brand new AC that was r...	3 beds \| 2 baths \| 1,235 sq.ft.	$379,900	Airbnb cash on cash: 1.19% Traditional cash on cash: 3.9% Airbnb Rental Income: $1490 Traditional Rental Income: $2017 Airbnb ROI: 1.19% Traditional ROI: 3.9%
1445 E BROADWAY Road unit: 208 Tempe, AZ Move-in ready and ideally located, this beautifully updated condo offers both comfort and ...	2 beds \| 2 baths \| 1,252 sq.ft.	$325,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 5.04% Airbnb Rental Income: $1174 Traditional Rental Income: $2543 Airbnb ROI: -0.69% Traditional ROI: 5.04%
122 S Hardy Dr #8 Tempe, AZ welcome to your new 2 BD 1.5BTH cozy townhome features large closets, nice upstairs balcon...	2 beds \| 1 baths \| 1,120 sq.ft.	$275,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 3.27% Airbnb Rental Income: $1187 Traditional Rental Income: $1569 Airbnb ROI: 0.3% Traditional ROI: 3.27%
2035 S ELM Street unit: 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: -0.21% Traditional cash on cash: 5.13% Airbnb Rental Income: $1092 Traditional Rental Income: $2104 Airbnb ROI: -0.21% Traditional ROI: 5.13%
2145 E CENTER Lane unit: 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.	$325,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 3.98% Airbnb Rental Income: $1180 Traditional Rental Income: $2054 Airbnb ROI: -0.14% Traditional ROI: 3.98%
154 W 5th St #246 Tempe, AZ Welcome to your dream townhouse in the sought-after Hayden Square complex! Perfectly situa...	2 beds \| 2 baths \| 1,034 sq.ft.	$400,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 3.03% Airbnb Rental Income: $1161 Traditional Rental Income: $2169 Airbnb ROI: -0.68% Traditional ROI: 3.03%
850 S River Dr #1054 Tempe, AZ WOW! REMODELED UPGRADED & CHIC! RARE 3 BR 2-STORY TOWNHOME-STYLE IN POPULAR GATED QUESTA V...	3 beds \| 2 baths \| 1,092 sq.ft.	$299,900	Airbnb cash on cash: -0.46% Traditional cash on cash: 5.5% Airbnb Rental Income: $970 Traditional Rental Income: $2303 Airbnb ROI: -0.46% Traditional ROI: 5.5%
4901 S Calle Los Cerros Dr #206 Tempe, AZ Beautifully remodeled end unit w/garage in a gated community. New dual pane windows incl t...	2 beds \| 1 baths \| 812 sq.ft.	$260,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 2.47% Airbnb Rental Income: $948 Traditional Rental Income: $1351 Airbnb ROI: -0.58% Traditional ROI: 2.47%

Your search for investment property begins and ends here

Townhouses for Sale in Tempe, AZ

1032 E REDFIELD Road

Tempe, AZ

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

$282,500

Airbnb cash on cash: 3.19%

Traditional cash on cash: 5.53%

Airbnb Rental Income: $2058

Traditional Rental Income: $2149

Airbnb ROI: 3.19%

Traditional ROI: 5.53%

117 W 10TH Street

Tempe, AZ

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

$645,000

Airbnb cash on cash: -0.4%

Traditional cash on cash: 3.24%

Airbnb Rental Income: $1084

Traditional Rental Income: $2904

Airbnb ROI: -0.4%

Traditional ROI: 3.24%

1081 W 1st St #10

Tempe, AZ

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

$449,890

Airbnb cash on cash: -1.69%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $894

Traditional Rental Income: $3049

Airbnb ROI: -1.69%

Traditional ROI: 4.23%

1222 W BASELINE Road unit: 176

Tempe, AZ

2 beds | 2 baths | 1,093 sq.ft.

$299,900

Airbnb cash on cash: -0.9%

Traditional cash on cash: 4.19%

Airbnb Rental Income: $865

Traditional Rental Income: $1970

Airbnb ROI: -0.9%

Traditional ROI: 4.19%

5319 S Mitchell Dr

Tempe, AZ

3 beds | 2 baths | 1,426 sq.ft.

$380,000

Airbnb cash on cash: 1.12%

Traditional cash on cash: 3.36%

Airbnb Rental Income: $1431

Traditional Rental Income: $1803

Airbnb ROI: 1.12%

Traditional ROI: 3.36%

1527 S RIVER Drive

Tempe, AZ

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

$402,000

Airbnb cash on cash: -0.52%

Traditional cash on cash: 2.96%

Airbnb Rental Income: $1113

Traditional Rental Income: $2052

Airbnb ROI: -0.52%

Traditional ROI: 2.96%

83 W Calle De Arcos --

Tempe, AZ

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

$400,000

Airbnb cash on cash: -0.15%

Traditional cash on cash: 3.12%

Airbnb Rental Income: $1171

Traditional Rental Income: $2010

Airbnb ROI: -0.15%

Traditional ROI: 3.12%

517 W Duke Dr

Tempe, AZ

3 beds | 2 baths | 1,426 sq.ft.

$385,000

Airbnb cash on cash: 1.04%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $1431

Traditional Rental Income: $2204

Airbnb ROI: 1.04%