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.

Investment Property for Sale in Tempe, AZ

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2816 N 70th St Tempe, AZ 2816 N 70th St, Tempe, AZ 85257 \| Single Family Residential	3 beds \| N/A baths \| 2,024 sq.ft.	$650,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 1.54% Airbnb Rental Income: $2528 Traditional Rental Income: $2030 Airbnb ROI: 1.35% Traditional ROI: 1.54%
2615 N Hayden Rd #119 Tempe, AZ	2 beds \| N/A baths \| 1,372 sq.ft.	$419,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 1.42% Airbnb Rental Income: $1558 Traditional Rental Income: $1713 Airbnb ROI: -0.12% Traditional ROI: 1.42%
2007 E RANCH Road Tempe, AZ This newly completed 6,480 sq ft custom estate in the prestigious Circle G Ranches embodie...	5 beds \| 6 baths \| 6,480 sq.ft.	$7,250,000	Airbnb cash on cash: -0.64% Traditional cash on cash: N/A Airbnb Rental Income: $3895 Traditional Rental Income: $0 Airbnb ROI: -0.64% Traditional ROI: N/A
633 W SOUTHERN Avenue #1195 Tempe, AZ Rare opportunity in a community where homes don't often change hands! This stylish 2 bed, ...	2 beds \| 2 baths \| 972 sq.ft.	$317,500	Airbnb cash on cash: 1.99% Traditional cash on cash: 4.32% Airbnb Rental Income: $1827 Traditional Rental Income: $2031 Airbnb ROI: 1.99% Traditional ROI: 4.32%
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.	$299,000	Airbnb cash on cash: 4.32% Traditional cash on cash: 5.17% Airbnb Rental Income: $2518 Traditional Rental Income: $2149 Airbnb ROI: 4.32% Traditional ROI: 5.17%
1323 E WHALERS Way Tempe, AZ A must see in the sought after community of THE LAKES! Right in the heart of Tempe, walkin...	4 beds \| 4 baths \| 4,024 sq.ft.	$1,499,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 2.85% Airbnb Rental Income: $2844 Traditional Rental Income: $6236 Airbnb ROI: -0.07% Traditional ROI: 2.85%
581 S ROOSEVELT Street Tempe, AZ Updated Tempe townhome with timeless brownstone charm and modern comfort. Fresh interior p...	2 beds \| 3 baths \| 1,220 sq.ft.	$444,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 3.31% Airbnb Rental Income: $1776 Traditional Rental Income: $2368 Airbnb ROI: 0.72% Traditional ROI: 3.31%
1608 E BAKER Drive Tempe, AZ Great Tempe location! 3 bedroom 2.5 Bath Townhome. Updates (2018-2022) include: Dual pane ...	3 beds \| 3 baths \| 1,656 sq.ft.	$389,000	Airbnb cash on cash: 3.42% Traditional cash on cash: 5.1% Airbnb Rental Income: $2739 Traditional Rental Income: $2709 Airbnb ROI: 3.42% Traditional ROI: 5.1%
1081 W 1ST Street #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.	$464,999	Airbnb cash on cash: 1.34% Traditional cash on cash: 4.19% Airbnb Rental Income: $2395 Traditional Rental Income: $3049 Airbnb ROI: 1.34% Traditional ROI: 4.19%
2032 E PEGASUS Drive Tempe, AZ VACANT & MOTIVATED SELLER. Fully renovated, home, landscape, and pool. Welcome to your...	4 beds \| 2 baths \| 2,132 sq.ft.	$735,000	Airbnb cash on cash: 1.77% Traditional cash on cash: 3.01% Airbnb Rental Income: $2925 Traditional Rental Income: $3102 Airbnb ROI: 1.77% Traditional ROI: 3.01%
2035 S ELM Street #226 Tempe, AZ Lovely brand new laminate flooring was installed, all new paint, and both bathrooms were r...	2 beds \| 2 baths \| 1,004 sq.ft.	$298,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 4.01% Airbnb Rental Income: $1611 Traditional Rental Income: $1926 Airbnb ROI: 1.26% Traditional ROI: 4.01%
4921 S POTTER Drive Tempe, AZ Beautifully renovated single level home located in the popular Tempe South Mountain Neighb...	3 beds \| 2 baths \| 1,440 sq.ft.	$400,000	Airbnb cash on cash: 3.73% Traditional cash on cash: 5.31% Airbnb Rental Income: $2629 Traditional Rental Income: $2593 Airbnb ROI: 3.73% Traditional ROI: 5.31%
6411 S RIVER Drive #26 Tempe, AZ Welcome to the gated community of Cottonwoods. Designed with a dramatic Santa Fe flair, en...	2 beds \| 3 baths \| 2,384 sq.ft.	$540,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 4.18% Airbnb Rental Income: $1844 Traditional Rental Income: $3312 Airbnb ROI: 0.29% Traditional ROI: 4.18%
6405 S EL CAMINO Drive Tempe, AZ Beautifully updated 3-bedroom, 2.5-bath townhouse in the heart of Tempe with 1,452 sq ft o...	3 beds \| 3 baths \| 1,452 sq.ft.	$345,000	Airbnb cash on cash: 3.5% Traditional cash on cash: 4.65% Airbnb Rental Income: $2518 Traditional Rental Income: $2280 Airbnb ROI: 3.5% Traditional ROI: 4.65%
1886 E DON CARLOS Avenue #106 Tempe, AZ Adorable and inviting, this 2-bedroom townhome is ready to delight! It comes complete with...	2 beds \| 3 baths \| 1,462 sq.ft.	$395,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 3.76% Airbnb Rental Income: $1573 Traditional Rental Income: $2219 Airbnb ROI: 0.8% Traditional ROI: 3.76%
700 W UNIVERSITY Drive #A206 Tempe, AZ Welcome to your new home in the heart of Tempe! This rarely available 2-bedroom, 1-bath up...	2 beds \| 1 baths \| 840 sq.ft.	$240,000	Airbnb cash on cash: 2.84% Traditional cash on cash: 4.19% Airbnb Rental Income: $1776 Traditional Rental Income: $1599 Airbnb ROI: 2.84% Traditional ROI: 4.19%
5618 S SAILORS REEF Road Tempe, AZ Welcome to your oasis at the prestigious community of The Lakes of Tempe! Discover this be...	4 beds \| 2 baths \| 2,364 sq.ft.	$629,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 3.39% Airbnb Rental Income: $3049 Traditional Rental Income: $3039 Airbnb ROI: 2.22% Traditional ROI: 3.39%
1210 W 14TH Street Tempe, AZ Location and land! Move in Ready! Blocks from ASU, downtown Tempe and the waterfront. Gian...	3 beds \| 2 baths \| 1,280 sq.ft.	$440,000	Airbnb cash on cash: 2.6% Traditional cash on cash: 4.75% Airbnb Rental Income: $2274 Traditional Rental Income: $2589 Airbnb ROI: 2.6% Traditional ROI: 4.75%
120 E Rio Salado Parkway #402 Tempe, AZ Live your dream life here! You will fall in love with this gorgeous 2 bedroom, 2 bath high...	2 beds \| 2 baths \| 1,495 sq.ft.	$715,000	Airbnb cash on cash: -1.95% Traditional cash on cash: 0.43% Airbnb Rental Income: $1776 Traditional Rental Income: $2882 Airbnb ROI: -1.95% Traditional ROI: 0.43%
2161 E GEMINI Drive Tempe, AZ Don't miss this gorgeous home in the heart of Tempe near the 101 and 60 freeway! This one...	3 beds \| 2 baths \| 1,836 sq.ft.	$549,900	Airbnb cash on cash: 2.35% Traditional cash on cash: 4.17% Airbnb Rental Income: $2668 Traditional Rental Income: $2972 Airbnb ROI: 2.35% Traditional ROI: 4.17%
525 W LAKESIDE Drive #140 Tempe, AZ Hurry to this rare opportunity to live your vacation every day in a charming, resort-style...	2 beds \| 3 baths \| 1,557 sq.ft.	$575,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 1.98% Airbnb Rental Income: $1776 Traditional Rental Income: $2449 Airbnb ROI: -0.18% Traditional ROI: 1.98%
1715 S HARDY Drive Tempe, AZ Whether you are looking for an STR opportunity or a new home, this property is move-in rea...	4 beds \| 2 baths \| 1,858 sq.ft.	$575,000	Airbnb cash on cash: 2.52% Traditional cash on cash: 3.51% Airbnb Rental Income: $2892 Traditional Rental Income: $2751 Airbnb ROI: 2.52% Traditional ROI: 3.51%
1622 E 12TH Street Tempe, AZ This Home has had a lot of Remodeling Done. Big Beautiful Grass Backyard. Newer Roof and N...	3 beds \| 2 baths \| 904 sq.ft.	$440,000	Airbnb cash on cash: 2.61% Traditional cash on cash: 3.26% Airbnb Rental Income: $2301 Traditional Rental Income: $1997 Airbnb ROI: 2.61% Traditional ROI: 3.26%
312 S HARDY Drive #106 Tempe, AZ Stylish Downtown Tempe condo just steps from Mill Ave, ASU, dining & nightlife. Features d...	2 beds \| 3 baths \| 1,451 sq.ft.	$459,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 3.28% Airbnb Rental Income: $1945 Traditional Rental Income: $2548 Airbnb ROI: 0.68% Traditional ROI: 3.28%
2201 S EVERGREEN Road Tempe, AZ Welcome home to this charming property located in Tempe just minuets from ASU on a oversiz...	4 beds \| 2 baths \| 1,829 sq.ft.	$598,900	Airbnb cash on cash: 2.4% Traditional cash on cash: 3.85% Airbnb Rental Income: $2903 Traditional Rental Income: $3043 Airbnb ROI: 2.4% Traditional ROI: 3.85%
5335 S Mitchell Drive Tempe, AZ This 2-bedroom townhome awaits you! Upon arrival, you'll see a 2-car garage, desert landsc...	2 beds \| 2 baths \| 1,156 sq.ft.	$349,900	Airbnb cash on cash: 1.88% Traditional cash on cash: 5.34% Airbnb Rental Income: $1680 Traditional Rental Income: $2347 Airbnb ROI: 1.88% Traditional ROI: 5.34%
747 W RICE Drive Tempe, AZ Adorable 2-bedroom townhouse fully remodeled, searching for its new owner! This one-level ...	2 beds \| 1 baths \| 988 sq.ft.	$320,000	Airbnb cash on cash: 2.2% Traditional cash on cash: 3.97% Airbnb Rental Income: $1680 Traditional Rental Income: $1742 Airbnb ROI: 2.2% Traditional ROI: 3.97%
1939 E ALAMEDA Drive Tempe, AZ Move-in ready remodel with a great floor plan that has all of the modern touches!! Updated...	3 beds \| 2 baths \| 1,260 sq.ft.	$470,000	Airbnb cash on cash: 2.84% Traditional cash on cash: 4.16% Airbnb Rental Income: $2544 Traditional Rental Income: $2515 Airbnb ROI: 2.84% Traditional ROI: 4.16%
192 W LOS ARBOLES Drive Tempe, AZ WELCOME HOME! Tucked away in a quiet cul-de-sac, this thoughtfully updated home blends sty...	4 beds \| 3 baths \| 2,599 sq.ft.	$650,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 3.01% Airbnb Rental Income: $2686 Traditional Rental Income: $2905 Airbnb ROI: 1.6% Traditional ROI: 3.01%
602 E Colgate Drive Tempe, AZ Huge price drop! Charming 2-bedroom, 1-bathroom Tempe townhome offering 1,073 square feet ...	2 beds \| 1 baths \| 1,073 sq.ft.	$299,999	Airbnb cash on cash: 2.78% Traditional cash on cash: 3.99% Airbnb Rental Income: $1958 Traditional Rental Income: $1784 Airbnb ROI: 2.78% Traditional ROI: 3.99%
4410 S GRANDVIEW Avenue Tempe, AZ Beautifully maintained 3-bedroom home in the sought-after Tempe Gardens! Featuring a charm...	3 beds \| 2 baths \| 1,394 sq.ft.	$525,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 3.98% Airbnb Rental Income: $2525 Traditional Rental Income: $2668 Airbnb ROI: 2.44% Traditional ROI: 3.98%
324 E RIVIERA Drive Tempe, AZ Welcome to 324 E Riviera Dr - a spacious 4-bedroom, 2-bath pool home in the heart of Tempe...	4 beds \| 2 baths \| 2,019 sq.ft.	$459,000	Airbnb cash on cash: 3.36% Traditional cash on cash: 5.83% Airbnb Rental Income: $2889 Traditional Rental Income: $3278 Airbnb ROI: 3.36% Traditional ROI: 5.83%
4013 S FILER Drive Tempe, AZ Situated on an oversized cul-de-sac lot with RV gate, this home offers both space and free...	4 beds \| 2 baths \| 1,597 sq.ft.	$439,175	Airbnb cash on cash: 2.42% Traditional cash on cash: 5.21% Airbnb Rental Income: $2181 Traditional Rental Income: $2773 Airbnb ROI: 2.42% Traditional ROI: 5.21%
1502 E MINTON Drive Tempe, AZ Beautifully updated 4 bed, 2 bath single-level home in desirable Tempe Gardens! Featuring ...	4 beds \| 2 baths \| 2,083 sq.ft.	$580,000	Airbnb cash on cash: 2.2% Traditional cash on cash: 4.45% Airbnb Rental Income: $2668 Traditional Rental Income: $3251 Airbnb ROI: 2.2% Traditional ROI: 4.45%
1065 E FAIRMONT Drive Tempe, AZ Embrace the allure of this gorgeous 4 bedroom 2 bath home with four large sliding doors an...	4 beds \| 2 baths \| 2,073 sq.ft.	$629,999	Airbnb cash on cash: 1.95% Traditional cash on cash: 3.01% Airbnb Rental Income: $2668 Traditional Rental Income: $2656 Airbnb ROI: 1.95% Traditional ROI: 3.01%
2333 E SOUTHERN Avenue #2050 Tempe, AZ Don't miss your opportunity to own this charming Tempe gem, ideally situated on a rare cor...	2 beds \| 2 baths \| 1,090 sq.ft.	$299,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 4.66% Airbnb Rental Income: $1727 Traditional Rental Income: $2055 Airbnb ROI: 1.8% Traditional ROI: 4.66%
14 E HERMOSA Drive Tempe, AZ Rare 4 bed townhouse for under $350K! Updated 4 bed, 2.5 baths and conveniently located ju...	4 beds \| 3 baths \| 1,408 sq.ft.	$339,800	Airbnb cash on cash: 4.36% Traditional cash on cash: 5.82% Airbnb Rental Income: $2889 Traditional Rental Income: $2683 Airbnb ROI: 4.36% Traditional ROI: 5.82%
1424 S BONARDEN Lane Tempe, AZ Just reduced & priced to sell. This charming 2-bedroom, 1-bathroom home is an absolute gem...	2 beds \| 1 baths \| 640 sq.ft.	$349,900	Airbnb cash on cash: 2.14% Traditional cash on cash: 2.93% Airbnb Rental Income: $1674 Traditional Rental Income: $1467 Airbnb ROI: 2.14% Traditional ROI: 2.93%
1111 W UNIVERSITY Drive #1017 Tempe, AZ Highly upgraded/ remodeled Modern Loft by notable Phoenix Designer in the famed Will Brude...	2 beds \| 2 baths \| 1,404 sq.ft.	$499,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 2.53% Airbnb Rental Income: $1843 Traditional Rental Income: $2469 Airbnb ROI: 0.13% Traditional ROI: 2.53%
2441 E LOYOLA Drive Tempe, AZ Completely renovated 4 bedrooms single family house in the heart of Tempe. Renovation and ...	4 beds \| 2 baths \| 1,932 sq.ft.	$662,500	Airbnb cash on cash: 2.13% Traditional cash on cash: 4.07% Airbnb Rental Income: $2915 Traditional Rental Income: $3436 Airbnb ROI: 2.13% Traditional ROI: 4.07%

Real Estate investment in Tempe, AZ

There are 461 properties for sale in the city of Tempe . The median list price in Tempe is $482,500 and the average price per square foot is $272. In September 2025, the average monthly cash on cash return in Tempe is 3.00%. The average monthly rental income in Tempe is $2,174.

Tempe, AZ Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 461 investment properties available for sale in Tempe.

In 2025, the best neighborhood to buy investment property is Peterson Park.

The ROI for Long-Term is higher than the Short-Term in Tempe with average rental income of $2,174.

Your search for investment property begins and ends here

Investment Property for Sale in Tempe, AZ

2816 N 70th St

Tempe, AZ

3 beds | N/A baths | 2,024 sq.ft.

$650,000

Airbnb cash on cash: 1.35%

Traditional cash on cash: 1.54%

Airbnb Rental Income: $2528

Traditional Rental Income: $2030

Airbnb ROI: 1.35%

Traditional ROI: 1.54%

2615 N Hayden Rd #119

Tempe, AZ

2 beds | N/A baths | 1,372 sq.ft.

$419,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 1.42%

Airbnb Rental Income: $1558

Traditional Rental Income: $1713

Airbnb ROI: -0.12%

Traditional ROI: 1.42%

2007 E RANCH Road

Tempe, AZ

5 beds | 6 baths | 6,480 sq.ft.

$7,250,000

Airbnb cash on cash: -0.64%

Traditional cash on cash: N/A

Airbnb Rental Income: $3895

Traditional Rental Income: $0

Airbnb ROI: -0.64%

Traditional ROI: N/A

633 W SOUTHERN Avenue #1195

Tempe, AZ

2 beds | 2 baths | 972 sq.ft.

$317,500

Airbnb cash on cash: 1.99%

Traditional cash on cash: 4.32%

Airbnb Rental Income: $1827

Traditional Rental Income: $2031

Airbnb ROI: 1.99%

Traditional ROI: 4.32%

1032 E REDFIELD Road

Tempe, AZ

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

$299,000

Airbnb cash on cash: 4.32%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $2518

Traditional Rental Income: $2149

Airbnb ROI: 4.32%

Traditional ROI: 5.17%

1323 E WHALERS Way

Tempe, AZ

4 beds | 4 baths | 4,024 sq.ft.

$1,499,000

Airbnb cash on cash: -0.07%

Traditional cash on cash: 2.85%

Airbnb Rental Income: $2844

Traditional Rental Income: $6236

Airbnb ROI: -0.07%

Traditional ROI: 2.85%

581 S ROOSEVELT Street

Tempe, AZ

2 beds | 3 baths | 1,220 sq.ft.

$444,000

Airbnb cash on cash: 0.72%

Traditional cash on cash: 3.31%

Airbnb Rental Income: $1776

Traditional Rental Income: $2368

Airbnb ROI: 0.72%

Traditional ROI: 3.31%

1608 E BAKER Drive

Tempe, AZ

3 beds | 3 baths | 1,656 sq.ft.

$389,000

Airbnb cash on cash: 3.42%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $2739

Traditional Rental Income: $2709

Airbnb ROI: 3.42%