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 116 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.	$285,000	Airbnb cash on cash: 4.73% Traditional cash on cash: 5.47% Airbnb Rental Income: $2566 Traditional Rental Income: $2149 Airbnb ROI: 4.73% Traditional ROI: 5.47%
1033 E Bendix Dr Tempe, AZ Welcome to this beautiful end-unit, single-level residence tucked inside a quiet, well-mai...	2 beds \| 2 baths \| 902 sq.ft.	$280,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 2.57% Airbnb Rental Income: $1337 Traditional Rental Income: $1363 Airbnb ROI: 0.92% Traditional ROI: 2.57%
5011 S Birch St Tempe, AZ Location Location, Location! This updated SINGLE Level townhome has 3 large bedrooms and ...	3 beds \| 2 baths \| 1,544 sq.ft.	$340,000	Airbnb cash on cash: 3.13% Traditional cash on cash: 3.96% Airbnb Rental Income: $2305 Traditional Rental Income: $1998 Airbnb ROI: 3.13% Traditional ROI: 3.96%
1222 W Baseline Rd #176 Tempe, AZ Welcome to Springdale Condominiums! Amazing home with a 1-car garage is looking for its ne...	2 beds \| 2 baths \| 1,093 sq.ft.	$299,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 4.24% Airbnb Rental Income: $1806 Traditional Rental Income: $1970 Airbnb ROI: 1.92% Traditional ROI: 4.24%
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 \| 988 sq.ft.	$380,000	Airbnb cash on cash: 3.95% Traditional cash on cash: 3.18% Airbnb Rental Income: $2642 Traditional Rental Income: $1739 Airbnb ROI: 3.95% Traditional ROI: 3.18%
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.	$402,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 2.96% Airbnb Rental Income: $1374 Traditional Rental Income: $2052 Airbnb ROI: 0.05% Traditional ROI: 2.96%
850 S River Dr #1093 Tempe, AZ RARE find floorplan featuring 3 bedrooms and 3 full baths, including two bedrooms with pri...	3 beds \| 3 baths \| 1,272 sq.ft.	$340,000	Airbnb cash on cash: 2.38% Traditional cash on cash: 4.66% Airbnb Rental Income: $2118 Traditional Rental Income: $2303 Airbnb ROI: 2.38% Traditional ROI: 4.66%
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: 3.83% Traditional cash on cash: 4.36% Airbnb Rental Income: $2642 Traditional Rental Income: $2204 Airbnb ROI: 3.83% Traditional ROI: 4.36%
5625 S Admiralty Ct #C Tempe, AZ UPDATED, MOVE-IN READY HOME WITH 4 YEAR NEW HVAC SYSTEM AND NEWER DOUBLE PANE WINDOWS FOR ...	2 beds \| 2 baths \| 1,242 sq.ft.	$400,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 2.37% Airbnb Rental Income: $1770 Traditional Rental Income: $1896 Airbnb ROI: 0.75% Traditional ROI: 2.37%
917 S Acapulco Ln #C Tempe, AZ Great opportunity in prime Tempe location. Single level, end unit with large covered patio...	2 beds \| 1 baths \| 864 sq.ft.	$155,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 5.34% Airbnb Rental Income: $1374 Traditional Rental Income: $1372 Airbnb ROI: 2.53% Traditional ROI: 5.34%
4815 S Birch St Tempe, AZ This light and bright, freshly painted and move-in ready townhome in Tempe is ready to be ...	3 beds \| 2 baths \| 1,656 sq.ft.	$345,000	Airbnb cash on cash: 2.66% Traditional cash on cash: 5.26% Airbnb Rental Income: $2305 Traditional Rental Income: $2589 Airbnb ROI: 2.66% Traditional ROI: 5.26%
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: 4.77% Traditional cash on cash: 4.88% Airbnb Rental Income: $2642 Traditional Rental Income: $2046 Airbnb ROI: 4.77% Traditional ROI: 4.88%
917 S Hacienda Dr 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: 0.84% Traditional cash on cash: 4.69% Airbnb Rental Income: $1374 Traditional Rental Income: $1919 Airbnb ROI: 0.84% Traditional ROI: 4.69%
6738 S TAYLOR Drive Tempe, AZ UNBEATABLE Location!! Just minutes from Trader Joe's, Wildflower, Starbucks, Panera, & Fry...	3 beds \| 2 baths \| 2,083 sq.ft.	$600,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 3.48% Airbnb Rental Income: $2601 Traditional Rental Income: $3059 Airbnb ROI: 1.55% Traditional ROI: 3.48%
906 S Acapulco Ln #A Tempe, AZ Excellent opportunity to own an affordable 2 bedroom, 1 bath townhouse in the heart of Tem...	2 beds \| 1 baths \| 864 sq.ft.	$234,900	Airbnb cash on cash: 1.4% Traditional cash on cash: 3.49% Airbnb Rental Income: $1374 Traditional Rental Income: $1420 Airbnb ROI: 1.4% Traditional ROI: 3.49%
2717 S Alder Dr 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.	$398,000	Airbnb cash on cash: 2.78% Traditional cash on cash: 4.56% Airbnb Rental Income: $2390 Traditional Rental Income: $2467 Airbnb ROI: 2.78% Traditional ROI: 4.56%
14 E Hermosa Dr Tempe, AZ Back on the market, new and improved! All new vinyl plank flooring, no carpet, updated bat...	4 beds \| 2 baths \| 1,408 sq.ft.	$345,000	Airbnb cash on cash: 5.11% Traditional cash on cash: 5.69% Airbnb Rental Income: $3221 Traditional Rental Income: $2683 Airbnb ROI: 5.11% Traditional ROI: 5.69%
7716 S Rita Ln 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.	$415,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 3.81% Airbnb Rental Income: $1594 Traditional Rental Income: $2442 Airbnb ROI: 0.46% Traditional ROI: 3.81%
728 S Beck Ave Tempe, AZ LOCATION, LOCATION, LOCATION! Welcome to one of the most desirable townhomes in the charmi...	3 beds \| 3 baths \| 1,218 sq.ft.	$445,000	Airbnb cash on cash: 2.79% Traditional cash on cash: 3.66% Airbnb Rental Income: $2899 Traditional Rental Income: $2588 Airbnb ROI: 2.79% Traditional ROI: 3.66%
1060 E Louis Way Tempe, AZ Voted ''Best Home on Tempe Tour!'' This spacious townhome offers soaring ceilings, wood-lo...	2 beds \| 2 baths \| 1,597 sq.ft.	$415,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.97% Airbnb Rental Income: $1594 Traditional Rental Income: $2532 Airbnb ROI: 0.39% Traditional ROI: 3.97%
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.	$284,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 3.28% Airbnb Rental Income: $1374 Traditional Rental Income: $1663 Airbnb ROI: 0.64% Traditional ROI: 3.28%
2015 E Southern Ave #23 Tempe, AZ What a deal! One of the cheapest updated 3BR, 2BA Tempe townhomes Move in ready! The cook ...	3 beds \| 2 baths \| 1,230 sq.ft.	$290,000	Airbnb cash on cash: 4.31% Traditional cash on cash: 5.36% Airbnb Rental Income: $2555 Traditional Rental Income: $2228 Airbnb ROI: 4.31% Traditional ROI: 5.36%
1627 E LOGAN Drive Tempe, AZ RARE, HARD TO FIND 1700+ SQ. FT. UPDATED MINUTES FROM ASU, FREEWAYS & SHOPPING. This BEAUT...	3 beds \| 2 baths \| 1,704 sq.ft.	$379,900	Airbnb cash on cash: 2.34% Traditional cash on cash: 5.04% Airbnb Rental Income: $2305 Traditional Rental Income: $2694 Airbnb ROI: 2.34% Traditional ROI: 5.04%
1070 E Sunburst Ln Tempe, AZ Modern, Move-In Ready. Prime Tempe 85284. This stunning 3BR/2.5BA property checks every bo...	3 beds \| 2 baths \| 1,490 sq.ft.	$419,500	Airbnb cash on cash: 2.42% Traditional cash on cash: 5.22% Airbnb Rental Income: $2528 Traditional Rental Income: $3018 Airbnb ROI: 2.42% Traditional ROI: 5.22%
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.	$389,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 3.66% Airbnb Rental Income: $2454 Traditional Rental Income: $2017 Airbnb ROI: 3.23% Traditional ROI: 3.66%
1011 E Redfield Rd Tempe, AZ his 3-bedroom, 1.5-bath townhouse is an ideal starter home or investment opportunity. All ...	3 beds \| 1 baths \| 1,035 sq.ft.	$240,000	Airbnb cash on cash: 5.77% Traditional cash on cash: 4.29% Airbnb Rental Income: $2566 Traditional Rental Income: $1614 Airbnb ROI: 5.77% Traditional ROI: 4.29%
2035 S ELM Street unit: 138 #138 Tempe, AZ Discover the perfect blend of style and functionality in this beautifully updated 2-bedroo...	2 beds \| 2 baths \| 999 sq.ft.	$275,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 5.13% Airbnb Rental Income: $1553 Traditional Rental Income: $2104 Airbnb ROI: 1.28% Traditional ROI: 5.13%
1832 S River Dr Tempe, AZ Elegantly updated and well cared for 3 bed/3 bath patio home, with a blend of ceramic and ...	3 beds \| 3 baths \| 1,627 sq.ft.	$425,000	Airbnb cash on cash: 2.75% Traditional cash on cash: 3.18% Airbnb Rental Income: $2739 Traditional Rental Income: $2267 Airbnb ROI: 2.75% Traditional ROI: 3.18%
1456 W LA Jolla Dr Tempe, AZ Discover the perfect blend of comfort and convenience in this rarely available 3-bedroom, ...	3 beds \| 2 baths \| 1,250 sq.ft.	$309,000	Airbnb cash on cash: 2.96% Traditional cash on cash: 5.88% Airbnb Rental Income: $2169 Traditional Rental Income: $2466 Airbnb ROI: 2.96% Traditional ROI: 5.88%
1706 E Gaylon Dr Tempe, AZ Location cannot be beat! 3br 2ba Townhome with a yard in mazing sought after Tempe locatio...	3 beds \| 2 baths \| 1,305 sq.ft.	$405,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 3.95% Airbnb Rental Income: $2390 Traditional Rental Income: $2261 Airbnb ROI: 2.74% Traditional ROI: 3.95%
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: 2.21% Traditional cash on cash: 2.47% Airbnb Rental Income: $1770 Traditional Rental Income: $1351 Airbnb ROI: 2.21% Traditional ROI: 2.47%
6411 S RIVER Drive unit: 6 #6 Tempe, AZ Santa Fe style meets modern craft in The Cottonwoods - an Anozira built gated enclave desi...	2 beds \| 2 baths \| 1,484 sq.ft.	$550,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 1.73% Airbnb Rental Income: $1789 Traditional Rental Income: $2059 Airbnb ROI: 0.25% Traditional ROI: 1.73%
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: 2.15% Traditional cash on cash: 2.8% Airbnb Rental Income: $2466 Traditional Rental Income: $2140 Airbnb ROI: 2.15% Traditional ROI: 2.8%
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 \| 2 baths \| 1,188 sq.ft.	$399,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.07% Airbnb Rental Income: $1681 Traditional Rental Income: $2134 Airbnb ROI: 0.61% Traditional ROI: 3.07%
609 E Mesquite Cir #D131 Tempe, AZ Be the proud owner of this 3-bedroom corner lot townhouse in Papago Park! Discover Saltill...	3 beds \| 2 baths \| 1,536 sq.ft.	$379,900	Airbnb cash on cash: 2.18% Traditional cash on cash: 4.3% Airbnb Rental Income: $2394 Traditional Rental Income: $2561 Airbnb ROI: 2.18% Traditional ROI: 4.3%
280 S EVERGREEN Road unit: 1320 #1320 Tempe, AZ Live in the heart of Tempe in this updated end-unit townhome located in the gated Villagio...	2 beds \| 2 baths \| 1,100 sq.ft.	$349,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 2.68% Airbnb Rental Income: $1546 Traditional Rental Income: $1761 Airbnb ROI: 0.66% Traditional ROI: 2.68%
754 S Beck Ave Tempe, AZ Looking for space, style, and a spot that puts you right in the middle of Tempe's best? Th...	3 beds \| N/A baths \| 1,218 sq.ft.	$465,000	Airbnb cash on cash: 2.97% Traditional cash on cash: 2.04% Airbnb Rental Income: $2899 Traditional Rental Income: $1822 Airbnb ROI: 2.97% Traditional ROI: 2.04%
280 S Evergreen Rd #1296 Tempe, AZ 280 S Evergreen Rd #1296, MESA, AZ 85288 \| Townhouse	2 beds \| 2 baths \| 1,100 sq.ft.	$360,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 2.47% Airbnb Rental Income: $1546 Traditional Rental Income: $1765 Airbnb ROI: 0.5% Traditional ROI: 2.47%
2401 E Rio Salado Pkwy #1048 Tempe, AZ Stunning, upgraded end unit home located in prestigious Villagio at Tempe with a premium l...	2 beds \| 2 baths \| 1,100 sq.ft.	$389,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.08% Airbnb Rental Income: $1546 Traditional Rental Income: $2059 Airbnb ROI: 0.45% Traditional ROI: 3.08%
2431 E 7th St Tempe, AZ Move-in ready 2 bed, 2 bath townhouse featuring all-new bathrooms, new showers, granite ki...	2 beds \| 2 baths \| 987 sq.ft.	$239,000	Airbnb cash on cash: 1.39% Traditional cash on cash: 5.04% Airbnb Rental Income: $1546 Traditional Rental Income: $1924 Airbnb ROI: 1.39% Traditional ROI: 5.04%

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.

$285,000

Airbnb cash on cash: 4.73%

Traditional cash on cash: 5.47%

Airbnb Rental Income: $2566

Traditional Rental Income: $2149

Airbnb ROI: 4.73%

Traditional ROI: 5.47%

1033 E Bendix Dr

Tempe, AZ

2 beds | 2 baths | 902 sq.ft.

$280,000

Airbnb cash on cash: 0.92%

Traditional cash on cash: 2.57%

Airbnb Rental Income: $1337

Traditional Rental Income: $1363

Airbnb ROI: 0.92%

Traditional ROI: 2.57%

5011 S Birch St

Tempe, AZ

3 beds | 2 baths | 1,544 sq.ft.

$340,000

Airbnb cash on cash: 3.13%

Traditional cash on cash: 3.96%

Airbnb Rental Income: $2305

Traditional Rental Income: $1998

Airbnb ROI: 3.13%

Traditional ROI: 3.96%

1222 W Baseline Rd #176

Tempe, AZ

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

$299,900

Airbnb cash on cash: 1.92%

Traditional cash on cash: 4.24%

Airbnb Rental Income: $1806

Traditional Rental Income: $1970

Airbnb ROI: 1.92%

Traditional ROI: 4.24%

5319 S Mitchell Dr

Tempe, AZ

3 beds | 2 baths | 988 sq.ft.

$380,000

Airbnb cash on cash: 3.95%

Traditional cash on cash: 3.18%

Airbnb Rental Income: $2642

Traditional Rental Income: $1739

Airbnb ROI: 3.95%

Traditional ROI: 3.18%

1527 S River Dr

Tempe, AZ

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

$402,000

Airbnb cash on cash: 0.05%

Traditional cash on cash: 2.96%

Airbnb Rental Income: $1374

Traditional Rental Income: $2052

Airbnb ROI: 0.05%

Traditional ROI: 2.96%

850 S River Dr #1093

Tempe, AZ

3 beds | 3 baths | 1,272 sq.ft.

$340,000

Airbnb cash on cash: 2.38%

Traditional cash on cash: 4.66%

Airbnb Rental Income: $2118

Traditional Rental Income: $2303

Airbnb ROI: 2.38%

Traditional ROI: 4.66%

517 W Duke Dr

Tempe, AZ

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

$385,000

Airbnb cash on cash: 3.83%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $2642

Traditional Rental Income: $2204

Airbnb ROI: 3.83%