Real Estate Investment Properties for Sale in Arizona

Looking for investment property in Arizona with high ROI ?

Explore a variety of short-term homes & houses in Arizona. Invest wisely with VRBO & Arizona 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 Arizona

Search for Multi Family for Sale in 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 114 Multi Family 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
604 S Bowie Avenue Willcox, AZ Newly remodeled Duplex. This property has been updated and is ready to start generating yo...	N/A beds \| N/A baths \| 1,113 sq.ft.	$179,900	Airbnb cash on cash: 9.15% Traditional cash on cash: 4.46% Airbnb Rental Income: $2551 Traditional Rental Income: $1134 Airbnb ROI: 9.15% Traditional ROI: 4.46%
6001 N Tower Lane PRESCOTT VALLEY, AZ What a location! Corner lot with great access/parking/garages, and directly across from st...	5 beds \| 4 baths \| 2,488 sq.ft.	$575,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 1.89% Airbnb Rental Income: $725 Traditional Rental Income: $1880 Airbnb ROI: -0.84% Traditional ROI: 1.89%
6802 E Pinchot Ave Tempe, AZ	6 beds \| N/A baths \| 2,594 sq.ft.	$1,125,000	Airbnb cash on cash: 1.18% Traditional cash on cash: 3.82% Airbnb Rental Income: $3234 Traditional Rental Income: $5259 Airbnb ROI: 1.18% Traditional ROI: 3.82%
150 Sugarloaf St Sedona, AZ Well designed 3-unit property, sitting just minutes from shopping, dining, hiking, biking ...	N/A beds \| N/A baths \| N/A	$745,000	Airbnb cash on cash: 2.02% Traditional cash on cash: 0.18% Airbnb Rental Income: $3098 Traditional Rental Income: $1119 Airbnb ROI: 2.02% Traditional ROI: 0.18%
465 S Barlow St Colorado City, AZ Live in one unit and rent the other out! This is only $285k per 3 bedroom unit! New Remode...	6 beds \| 5 baths \| 2,634 sq.ft.	$570,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.06% Airbnb Rental Income: $null Traditional Rental Income: $1765 Airbnb ROI: N/A Traditional ROI: 2.06%
1338 E Fillmore St Phoenix, AZ 1338 E Fillmore St, Phoenix, AZ 85006 \| Multi Family	7 beds \| 3 baths \| 2,348 sq.ft.	$995,000	Airbnb cash on cash: -0.54% Traditional cash on cash: -0.39% Airbnb Rental Income: $1576 Traditional Rental Income: $1269 Airbnb ROI: -0.54% Traditional ROI: -0.39%
10014 N 18th Ave Phoenix, AZ 10014 N 18th Ave, Phoenix, AZ 85021 \| Multi Family	4 beds \| 1 baths \| 1,480 sq.ft.	$550,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 0.41% Airbnb Rental Income: $2693 Traditional Rental Income: $1153 Airbnb ROI: 2.16% Traditional ROI: 0.41%
2625 E Prince Road Tucson, AZ HUGE PRICE REDUCTION! Be your own landlord in this amazing Income Property, close to EVERY...	4 beds \| 3 baths \| 2,000 sq.ft.	$455,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 1.75% Airbnb Rental Income: $1330 Traditional Rental Income: $1441 Airbnb ROI: 0.52% Traditional ROI: 1.75%
6239 N 14th St Phoenix, AZ 6239 N 14th St, Phoenix, AZ 85014 \| Multi Family	N/A beds \| N/A baths \| 2,600 sq.ft.	$960,000	Airbnb cash on cash: -0.41% Traditional cash on cash: -0.87% Airbnb Rental Income: $1676 Traditional Rental Income: $794 Airbnb ROI: -0.41% Traditional ROI: -0.87%
2425 W Turney Ave Phoenix, AZ 2425 W Turney Ave, Phoenix, AZ 85015 \| Multi Family	18 beds \| 2 baths \| 6,870 sq.ft.	$1,925,000	Airbnb cash on cash: -0.82% Traditional cash on cash: -0.91% Airbnb Rental Income: $2130 Traditional Rental Income: $1420 Airbnb ROI: -0.82% Traditional ROI: -0.91%
268S 480W Pima, AZ High demand area in Pima AZ. Great Investment Property 2bed 1 bath 4 Plex.Completed in 20...	N/A beds \| N/A baths \| 2,496 sq.ft.	$935,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 1.9% Airbnb Rental Income: $2517 Traditional Rental Income: $2629 Airbnb ROI: 1.07% Traditional ROI: 1.9%
15 N Alamos Drive #A & B Cottonwood, AZ Opportunity is knocking here at 15 N. Alamos!! OWN 2 units, each unit will be a spacious 1...	N/A beds \| N/A baths \| N/A	$699,900	Airbnb cash on cash: 0.73% Traditional cash on cash: 0.51% Airbnb Rental Income: $2209 Traditional Rental Income: $1505 Airbnb ROI: 0.73% Traditional ROI: 0.51%
3940 E Yuma Drive Rimrock, AZ GREAT INVESTMENT OPPORTUNITY!!!!!!If you have been looking to invest in real estate don't ...	N/A beds \| N/A baths \| N/A	$550,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 1.76% Airbnb Rental Income: $2024 Traditional Rental Income: $1528 Airbnb ROI: 1.7% Traditional ROI: 1.76%
3233 N Hedgewood Drive PRESCOTT VALLEY, AZ This single level duplex has been well taken care of. Each unit has 2 bedrooms and 1 bathr...	4 beds \| 2 baths \| 1,860 sq.ft.	$500,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 2.17% Airbnb Rental Income: $725 Traditional Rental Income: $1717 Airbnb ROI: -0.61% Traditional ROI: 2.17%
737 Dameron Drive Prescott, AZ 2016 duplex plus 1954 home on one treed lot, plenty of parking, solid tenants, ready for y...	5 beds \| 3 baths \| 2,167 sq.ft.	$599,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 2.19% Airbnb Rental Income: $372 Traditional Rental Income: $2010 Airbnb ROI: -1.18% Traditional ROI: 2.19%
352 Rio Grande Court Bullhead City, AZ Great investment property ready for new owners. Each 870 sq ft. unit is 2 bedroom 2 baths ...	4 beds \| 4 baths \| N/A	$269,000	Airbnb cash on cash: 5.4% Traditional cash on cash: 7.77% Airbnb Rental Income: $2400 Traditional Rental Income: $2413 Airbnb ROI: 5.4% Traditional ROI: 7.77%
1101 E Mingus Ave #Abc Cottonwood, AZ TRI-PLEX FOR SALE, INVESTMENT OPPORTUNITY IS KNOCKING. NEW ROOF INSTALLED 8/2025 Located...	N/A beds \| N/A baths \| N/A	$445,000	Airbnb cash on cash: 2.51% Traditional cash on cash: 1.14% Airbnb Rental Income: $2209 Traditional Rental Income: $1084 Airbnb ROI: 2.51% Traditional ROI: 1.14%
245 E Mohave Rd Tucson, AZ 245 E Mohave Rd, Tucson, AZ 85705 \| Multi Family	2 beds \| 2 baths \| 1,171 sq.ft.	$274,000	Airbnb cash on cash: 1.54% Traditional cash on cash: 3.72% Airbnb Rental Income: $1330 Traditional Rental Income: $1483 Airbnb ROI: 1.54% Traditional ROI: 3.72%
1704 S 7th Ave Tucson, AZ 1704 S 7th Ave, Tucson, AZ 85713 \| Multi Family	6 beds \| 6 baths \| 2,589 sq.ft.	$539,500	Airbnb cash on cash: 0.32% Traditional cash on cash: 9.45% Airbnb Rental Income: $1536 Traditional Rental Income: $5695 Airbnb ROI: 0.32% Traditional ROI: 9.45%
5128 E Pima St E Tucson, AZ 5128 E Pima St E, Tucson, AZ 85712 \| Multi Family	N/A beds \| N/A baths \| N/A	$688,000	Airbnb cash on cash: 0.87% Traditional cash on cash: -0.75% Airbnb Rental Income: $2283 Traditional Rental Income: $674 Airbnb ROI: 0.87% Traditional ROI: -0.75%
114 S Lebaron St MESA, AZ 114 S Lebaron St, MESA, AZ 85210 \| Multi Family	N/A beds \| N/A baths \| 1,650 sq.ft.	$389,999	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.59% Airbnb Rental Income: $1280 Traditional Rental Income: $2011 Airbnb ROI: 0.49% Traditional ROI: 3.59%
532 S Mesa Dr MESA, AZ 532 S Mesa Dr, MESA, AZ 85210 \| Multi Family	N/A beds \| N/A baths \| 2,400 sq.ft.	$580,000	Airbnb cash on cash: 1.43% Traditional cash on cash: -0.3% Airbnb Rental Income: $2344 Traditional Rental Income: $828 Airbnb ROI: 1.43% Traditional ROI: -0.3%
260 W 8th Ave #32 MESA, AZ 260 W 8th Ave #32, MESA, AZ 85210 \| Multi Family	N/A beds \| N/A baths \| 3,248 sq.ft.	$729,000	Airbnb cash on cash: -0.33% Traditional cash on cash: -0.57% Airbnb Rental Income: $1416 Traditional Rental Income: $829 Airbnb ROI: -0.33% Traditional ROI: -0.57%
551 S Lesueur St MESA, AZ 551 S Lesueur St, MESA, AZ 85204 \| Multi Family	6 beds \| 6 baths \| 2,367 sq.ft.	$550,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 1.82% Airbnb Rental Income: $2206 Traditional Rental Income: $2034 Airbnb ROI: 1.13% Traditional ROI: 1.82%
1219 S Farmer Ave Tempe, AZ 1219 S Farmer Ave, Tempe, AZ 85281 \| Multi Family	5 beds \| 7 baths \| 3,425 sq.ft.	$1,470,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 3.84% Airbnb Rental Income: $1713 Traditional Rental Income: $7602 Airbnb ROI: -0.82% Traditional ROI: 3.84%
2106 S Granada Dr Tempe, AZ 2106 S Granada Dr, Tempe, AZ 85282 \| Multi Family	4 beds \| N/A baths \| 2,596 sq.ft.	$650,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 1.44% Airbnb Rental Income: $2347 Traditional Rental Income: $1970 Airbnb ROI: 1.1% Traditional ROI: 1.44%
248-254 N Melwood Ave Tucson, AZ 248-254 N Melwood Ave, Tucson, AZ 85745 \| Multi Family	8 beds \| 4 baths \| 2,976 sq.ft.	$649,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 3.81% Airbnb Rental Income: $1922 Traditional Rental Income: $3400 Airbnb ROI: 0.52% Traditional ROI: 3.81%
2528 N Fontana Ave Tucson, AZ 2528 N Fontana Ave, Tucson, AZ 85705 \| Multi Family	N/A beds \| N/A baths \| 5,205 sq.ft.	$1,099,000	Airbnb cash on cash: -0.24% Traditional cash on cash: -0.17% Airbnb Rental Income: $2074 Traditional Rental Income: $1608 Airbnb ROI: -0.24% Traditional ROI: -0.17%
1415 S Highland Ave Tucson, AZ 1415 S Highland Ave, Tucson, AZ 85713 \| Multi Family	8 beds \| 4 baths \| 2,650 sq.ft.	$660,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 3.33% Airbnb Rental Income: $1286 Traditional Rental Income: $3164 Airbnb ROI: -0.37% Traditional ROI: 3.33%
2309 S College Ave Tempe, AZ 2309 S College Ave, Tempe, AZ 85282 \| Multi Family	10 beds \| N/A baths \| 11,556 sq.ft.	$4,100,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 0.12% Airbnb Rental Income: $2347 Traditional Rental Income: $6826 Airbnb ROI: -1.21% Traditional ROI: 0.12%
1413 S Jentilly Ln Tempe, AZ 1413 S Jentilly Ln, Tempe, AZ 85281 \| Multi Family	N/A beds \| N/A baths \| 1,540 sq.ft.	$750,000	Airbnb cash on cash: 0.95% Traditional cash on cash: -0.51% Airbnb Rental Income: $2528 Traditional Rental Income: $895 Airbnb ROI: 0.95% Traditional ROI: -0.51%
860 W Road 1 South Chino Valley, AZ Whispering Winds is a multi-family mixed use property in the middle of town. It has excell...	5 beds \| 5 baths \| 29,616 sq.ft.	$6,995,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.27% Airbnb Rental Income: $null Traditional Rental Income: $1851 Airbnb ROI: N/A Traditional ROI: -1.27%
707-709 W 41st St Tucson, AZ 707-709 W 41st St, Tucson, AZ 85713 \| Multi Family	4 beds \| 2 baths \| 1,782 sq.ft.	$339,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 3.62% Airbnb Rental Income: $1626 Traditional Rental Income: $1774 Airbnb ROI: 1.71% Traditional ROI: 3.62%
139 E 35th St Tucson, AZ 139 E 35th St, Tucson, AZ 85713 \| Multi Family	4 beds \| 4 baths \| 1,139 sq.ft.	$244,900	Airbnb cash on cash: 4.21% Traditional cash on cash: 10.36% Airbnb Rental Income: $1967 Traditional Rental Income: $2873 Airbnb ROI: 4.21% Traditional ROI: 10.36%
8246 E University Dr MESA, AZ 8246 E University Dr, MESA, AZ 85207 \| Multi Family	12 beds \| N/A baths \| 12,160 sq.ft.	$1,499,890	Airbnb cash on cash: -0.45% Traditional cash on cash: -0.45% Airbnb Rental Income: $2360 Traditional Rental Income: $1768 Airbnb ROI: -0.45% Traditional ROI: -0.45%
860 E Brown Rd #25 MESA, AZ 860 E Brown Rd #25, MESA, AZ 85203 \| Multi Family	9 beds \| 5 baths \| 4,042 sq.ft.	$795,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 0.61% Airbnb Rental Income: $2466 Traditional Rental Income: $1772 Airbnb ROI: 0.74% Traditional ROI: 0.61%
155 Sugarloaf St Sedona, AZ Beautifully remodel 4-plex. This great opportunity is located in Sedona. Property was remo...	N/A beds \| N/A baths \| N/A	$1,275,000	Airbnb cash on cash: 1.1% Traditional cash on cash: -0.03% Airbnb Rental Income: $3635 Traditional Rental Income: $1501 Airbnb ROI: 1.1% Traditional ROI: -0.03%
6049 E Albany St MESA, AZ 6049 E Albany St, MESA, AZ 85205 \| Multi Family	N/A beds \| N/A baths \| 1,908 sq.ft.	$470,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 2.31% Airbnb Rental Income: $2371 Traditional Rental Income: $1840 Airbnb ROI: 2.19% Traditional ROI: 2.31%
7869 Spouse Drive PRESCOTT VALLEY, AZ Wonderful Prescott Valley Duplex is generating $4,200.00 per month with a cap rate of 6.9%...	5 beds \| 3 baths \| 2,746 sq.ft.	$650,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 1.34% Airbnb Rental Income: $725 Traditional Rental Income: $1646 Airbnb ROI: -0.69% Traditional ROI: 1.34%

Your search for investment property begins and ends here

Multi Family for Sale in Arizona

604 S Bowie Avenue

Willcox, AZ

N/A beds | N/A baths | 1,113 sq.ft.

$179,900

Airbnb cash on cash: 9.15%

Traditional cash on cash: 4.46%

Airbnb Rental Income: $2551

Traditional Rental Income: $1134

Airbnb ROI: 9.15%

Traditional ROI: 4.46%

6001 N Tower Lane

PRESCOTT VALLEY, AZ

5 beds | 4 baths | 2,488 sq.ft.

$575,000

Airbnb cash on cash: -0.84%

Traditional cash on cash: 1.89%

Airbnb Rental Income: $725

Traditional Rental Income: $1880

Airbnb ROI: -0.84%

Traditional ROI: 1.89%

6802 E Pinchot Ave

Tempe, AZ

6 beds | N/A baths | 2,594 sq.ft.

$1,125,000

Airbnb cash on cash: 1.18%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $3234

Traditional Rental Income: $5259

Airbnb ROI: 1.18%

Traditional ROI: 3.82%

150 Sugarloaf St

Sedona, AZ

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

$745,000

Airbnb cash on cash: 2.02%

Traditional cash on cash: 0.18%

Airbnb Rental Income: $3098

Traditional Rental Income: $1119

Airbnb ROI: 2.02%

Traditional ROI: 0.18%

465 S Barlow St

Colorado City, AZ

6 beds | 5 baths | 2,634 sq.ft.

$570,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.06%

Airbnb Rental Income: $null

Traditional Rental Income: $1765

Airbnb ROI: N/A

Traditional ROI: 2.06%

1338 E Fillmore St

Phoenix, AZ

7 beds | 3 baths | 2,348 sq.ft.

$995,000

Airbnb cash on cash: -0.54%

Traditional cash on cash: -0.39%

Airbnb Rental Income: $1576

Traditional Rental Income: $1269

Airbnb ROI: -0.54%

Traditional ROI: -0.39%

10014 N 18th Ave

Phoenix, AZ

4 beds | 1 baths | 1,480 sq.ft.

$550,000

Airbnb cash on cash: 2.16%

Traditional cash on cash: 0.41%

Airbnb Rental Income: $2693

Traditional Rental Income: $1153

Airbnb ROI: 2.16%

Traditional ROI: 0.41%

2625 E Prince Road

Tucson, AZ

4 beds | 3 baths | 2,000 sq.ft.

$455,000

Airbnb cash on cash: 0.52%

Traditional cash on cash: 1.75%

Airbnb Rental Income: $1330

Traditional Rental Income: $1441

Airbnb ROI: 0.52%