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

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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.	$289,000	Airbnb cash on cash: 4.65% Traditional cash on cash: 5.38% Airbnb Rental Income: $2566 Traditional Rental Income: $2149 Airbnb ROI: 4.65% Traditional ROI: 5.38%
1427 W AMANDA Lane Tempe, AZ This stunning 4-bedroom property with a 3-car garage combines comfort, style, and space in...	4 beds \| 2 baths \| 2,478 sq.ft.	$749,999	Airbnb cash on cash: 1.72% Traditional cash on cash: 4.89% Airbnb Rental Income: $3127 Traditional Rental Income: $4634 Airbnb ROI: 1.72% Traditional ROI: 4.89%
581 S Roosevelt St Tempe, AZ Updated Tempe townhome offering timeless brownstone charm with modern comfort - now featur...	2 beds \| 2 baths \| 1,220 sq.ft.	$455,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 3.16% Airbnb Rental Income: $1954 Traditional Rental Income: $2368 Airbnb ROI: 0.98% Traditional ROI: 3.16%
117 W 10th St Tempe, AZ Rare Investment Opportunity in Prime Tempe Location! Don't miss this incredible chance to ...	8 beds \| N/A baths \| 4,000 sq.ft.	$2,595,000	Airbnb cash on cash: -0.73% Traditional cash on cash: -0.09% Airbnb Rental Income: $1877 Traditional Rental Income: $2904 Airbnb ROI: -0.73% Traditional ROI: -0.09%
1098 E Fremont Dr Tempe, AZ Check out this charming 3 bed, 2 bath homenow on the market! Nestled on a corner lot w/a 2...	6 beds \| 3 baths \| 2,298 sq.ft.	$689,000	Airbnb cash on cash: 2.13% Traditional cash on cash: 4.36% Airbnb Rental Income: $2994 Traditional Rental Income: $3737 Airbnb ROI: 2.13% Traditional ROI: 4.36%
1027 S SIESTA Lane Tempe, AZ Turnkey, proven cash flowing short term rental in the heart of Tempe with immediate income...	4 beds \| 2 baths \| 1,912 sq.ft.	$600,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 4.27% Airbnb Rental Income: $2468 Traditional Rental Income: $3217 Airbnb ROI: 1.86% Traditional ROI: 4.27%
1284 W Stacey Ln Tempe, AZ Welcome to this stunning single-level home in the highly sought-after 85284 zip code! Offe...	4 beds \| 2 baths \| 2,720 sq.ft.	$815,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 2.71% Airbnb Rental Income: $3127 Traditional Rental Income: $3390 Airbnb ROI: 1.45% Traditional ROI: 2.71%
2035 S Elm St #226 Tempe, AZ Clean turn-key condo with bright natural lighting, open floor plan with vaulted ceilings, ...	2 beds \| 2 baths \| 1,004 sq.ft.	$283,000	Airbnb cash on cash: 2.28% Traditional cash on cash: 4.27% Airbnb Rental Income: $1900 Traditional Rental Income: $1926 Airbnb ROI: 2.28% Traditional ROI: 4.27%
42 W LA Vieve Ln Tempe, AZ All about location! This home sits in the desirable community of Warner Ranch Landing in T...	3 beds \| 2 baths \| 1,588 sq.ft.	$420,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 3.23% Airbnb Rental Income: $2466 Traditional Rental Income: $2413 Airbnb ROI: 1.89% Traditional ROI: 3.23%
140 E Rio Salado Pkwy #509 Tempe, AZ Welcome to Bridgeview - city living at it's finest! This is a premium elevated waterfront ...	2 beds \| 2 baths \| 1,600 sq.ft.	$690,000	Airbnb cash on cash: -2.28% Traditional cash on cash: -0.5% Airbnb Rental Income: $1648 Traditional Rental Income: $2333 Airbnb ROI: -2.28% Traditional ROI: -0.5%
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.	$310,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 3.91% Airbnb Rental Income: $1806 Traditional Rental Income: $1970 Airbnb ROI: 1.74% Traditional ROI: 3.91%
4526 S Terrace Rd Tempe, AZ This 4-bedroom home delivers modern style and everyday functionality with plank ceramic ti...	4 beds \| 2 baths \| 1,732 sq.ft.	$535,000	Airbnb cash on cash: 2.32% Traditional cash on cash: 4.09% Airbnb Rental Income: $2603 Traditional Rental Income: $2872 Airbnb ROI: 2.32% Traditional ROI: 4.09%
511 W Dennis Ct Tempe, AZ Welcome to this updated 3-bedroom, 2-bath Tempe home offering 1,296 sq ft, tucked away in ...	3 beds \| 2 baths \| 1,296 sq.ft.	$430,000	Airbnb cash on cash: 2.92% Traditional cash on cash: 3.88% Airbnb Rental Income: $2525 Traditional Rental Income: $2303 Airbnb ROI: 2.92% Traditional ROI: 3.88%
538 W 16TH Street Tempe, AZ	3 beds \| 1 baths \| 1,612 sq.ft.	$500,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 3.17% Airbnb Rental Income: $2034 Traditional Rental Income: $2273 Airbnb ROI: 1.53% Traditional ROI: 3.17%
2226 S Kachina Dr Tempe, AZ Beautifully remodeled 3-bedroom, 2-bathroom home in a highly desirable central location, j...	3 beds \| 2 baths \| 1,934 sq.ft.	$543,900	Airbnb cash on cash: 1.91% Traditional cash on cash: 4.37% Airbnb Rental Income: $2390 Traditional Rental Income: $3050 Airbnb ROI: 1.91% Traditional ROI: 4.37%
330 S Beck Ave #211 Tempe, AZ 2 bed 2 bath condo in the Heart of Tempe! Close to all that Tempe has to offer including O...	2 beds \| 2 baths \| 838 sq.ft.	$232,900	Airbnb cash on cash: 4.09% Traditional cash on cash: 4.26% Airbnb Rental Income: $1987 Traditional Rental Income: $1503 Airbnb ROI: 4.09% Traditional ROI: 4.26%
3706 S Cottonwood Dr Tempe, AZ Start creating lasting memories in this charming single-level home with no HOA! The inviti...	4 beds \| 2 baths \| 1,669 sq.ft.	$459,900	Airbnb cash on cash: 3.15% Traditional cash on cash: 4.27% Airbnb Rental Income: $2681 Traditional Rental Income: $2526 Airbnb ROI: 3.15% Traditional ROI: 4.27%
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: 2.93% Airbnb Rental Income: $1374 Traditional Rental Income: $2052 Airbnb ROI: 0.05% Traditional ROI: 2.93%
2333 E Southern Ave #2040 Tempe, AZ Great 2/2 condo in beautiful Hudson Trace community. Both bedrooms are master bedrooms, on...	2 beds \| 2 baths \| 1,090 sq.ft.	$339,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 2.89% Airbnb Rental Income: $1573 Traditional Rental Income: $1684 Airbnb ROI: 1.12% Traditional ROI: 2.89%
11 E REDONDO Drive Tempe, AZ Move-In Ready Tempe Townhome with Modern Upgrades! Discover this beautifully updated townh...	3 beds \| 2 baths \| 2,164 sq.ft.	$545,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 4.04% Airbnb Rental Income: $1918 Traditional Rental Income: $3183 Airbnb ROI: 0.56% Traditional ROI: 4.04%
1122 W Dawn Dr Tempe, AZ LOCATION!!! An enclave of homes, in a gated community, right, smack dab, in the desired to...	4 beds \| 3 baths \| 2,760 sq.ft.	$575,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 3.53% Airbnb Rental Income: $3127 Traditional Rental Income: $2881 Airbnb ROI: 2.67% Traditional ROI: 3.53%
919 W Parkway Blvd Tempe, AZ Ready to create your own HGTV-worthy masterpiece? Welcome to your next adventure in the he...	3 beds \| 2 baths \| 1,274 sq.ft.	$429,900	Airbnb cash on cash: 1.47% Traditional cash on cash: 4.8% Airbnb Rental Income: $1699 Traditional Rental Income: $2567 Airbnb ROI: 1.47% Traditional ROI: 4.8%
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%
1622 E 12th St Tempe, AZ This Home has had a lot of Remodeling Done. Big Beautiful Grass Backyard. Newer Roof and N...	3 beds \| 1 baths \| 904 sq.ft.	$440,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 3.91% Airbnb Rental Income: $2436 Traditional Rental Income: $2264 Airbnb ROI: 2.88% Traditional ROI: 3.91%
140 E Rio Salado Pkwy #411 Tempe, AZ Welcome to Bridgeview at Hayden Ferry Lakeside-where sleek design meets an unbeatable wate...	1 beds \| 1 baths \| 1,282 sq.ft.	$464,000	Airbnb cash on cash: -1.88% Traditional cash on cash: 1.76% Airbnb Rental Income: $1608 Traditional Rental Income: $2731 Airbnb ROI: -1.88% Traditional ROI: 1.76%
1215 S Judd St Tempe, AZ Cute home in a popular central Tempe location!! This highly desirable pocket near ASU has ...	3 beds \| 2 baths \| 1,211 sq.ft.	$499,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 3.41% Airbnb Rental Income: $2082 Traditional Rental Income: $2260 Airbnb ROI: 1.88% Traditional ROI: 3.41%
1402 E Guadalupe Rd #149 Tempe, AZ Don't miss this charming condo located just 13 min to the airport, 10 min to ASU. The inte...	2 beds \| 2 baths \| 1,065 sq.ft.	$279,000	Airbnb cash on cash: 2.05% Traditional cash on cash: 4.64% Airbnb Rental Income: $1770 Traditional Rental Income: $1967 Airbnb ROI: 2.05% Traditional ROI: 4.64%
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.	$350,000	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%
1430 W LA Jolla Dr Tempe, AZ Charming and private one-level 2BR/2BA end-unit townhome in a desirable Tempe Spanish Colo...	2 beds \| 2 baths \| 957 sq.ft.	$323,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 3.65% Airbnb Rental Income: $1714 Traditional Rental Income: $1899 Airbnb ROI: 1.48% Traditional ROI: 3.65%
1402 E Guadalupe Rd #153 Tempe, AZ Beautifully remodeled & sure to impress! New tile flooring/carpet/paint & new LED ceiling ...	2 beds \| 2 baths \| 1,065 sq.ft.	$289,000	Airbnb cash on cash: 2.1% Traditional cash on cash: 3.46% Airbnb Rental Income: $1770 Traditional Rental Income: $1656 Airbnb ROI: 2.1% Traditional ROI: 3.46%
1939 E Alameda Dr Tempe, AZ This home is move-in ready with an open floor plan that is low-maintenance.. Features incl...	3 beds \| 2 baths \| 1,260 sq.ft.	$454,900	Airbnb cash on cash: 2.9% Traditional cash on cash: 4.31% Airbnb Rental Income: $2523 Traditional Rental Income: $2515 Airbnb ROI: 2.9% Traditional ROI: 4.31%
959 E Lobster Trap Ln Tempe, AZ WOW, Prime location, countless upgrades (listed below), paid off SOLAR, oasis backyard, id...	3 beds \| 2 baths \| 1,601 sq.ft.	$599,500	Airbnb cash on cash: 1.79% Traditional cash on cash: 3.22% Airbnb Rental Income: $2661 Traditional Rental Income: $2832 Airbnb ROI: 1.79% Traditional ROI: 3.22%
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%
2710 S Terrace Rd Tempe, AZ Fantastic opportunity to own this lovely 4-bedroom home! You're greeted by a serene living...	4 beds \| 2 baths \| 1,646 sq.ft.	$539,900	Airbnb cash on cash: 1.78% Traditional cash on cash: 4.08% Airbnb Rental Income: $2285 Traditional Rental Income: $2872 Airbnb ROI: 1.78% Traditional ROI: 4.08%
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.	$244,900	Airbnb cash on cash: 1.3% Traditional cash on cash: 3.31% Airbnb Rental Income: $1374 Traditional Rental Income: $1420 Airbnb ROI: 1.3% Traditional ROI: 3.31%
434 E CARSON Drive Tempe, AZ Welcome to this charming 3 bedroom, 2 bath home in a highly sought after south Tempe commu...	3 beds \| 2 baths \| 1,640 sq.ft.	$515,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 4.35% Airbnb Rental Income: $2538 Traditional Rental Income: $2866 Airbnb ROI: 2.39% Traditional ROI: 4.35%
2205 W Desiree Ln Tempe, AZ Investor opportunity in a prime Tempe location! This 3 bed, 2.5 bath home is centrally loc...	3 beds \| 2 baths \| 1,326 sq.ft.	$405,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 4.05% Airbnb Rental Income: $2077 Traditional Rental Income: $2121 Airbnb ROI: 2.53% Traditional ROI: 4.05%
1065 E Fairmont Dr 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.	$627,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 3.03% Airbnb Rental Income: $2285 Traditional Rental Income: $2656 Airbnb ROI: 1.42% Traditional ROI: 3.03%
616 S HARDY Drive #201 Tempe, AZ Two bedroom and two bathroom condo for sale near ASU! Second floor corner unit and close t...	2 beds \| 2 baths \| 779 sq.ft.	$279,000	Airbnb cash on cash: 2.81% Traditional cash on cash: 4% Airbnb Rental Income: $1987 Traditional Rental Income: $1779 Airbnb ROI: 2.81% Traditional ROI: 4%

Real Estate investment in Tempe, AZ

There are 455 properties for sale in the city of Tempe . The median list price in Tempe is $484,000 and the average price per square foot is $277. In February 2026, the average monthly cash on cash return in Tempe is 3.00%. The average monthly rental income in Tempe is $2,296.

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

There are 455 investment properties available for sale in Tempe.

In 2026, the best neighborhood to buy investment property is Broadway Palms.

The ROI for Long-Term is higher than the Short-Term in Tempe with average rental income of $2,296.

Your search for investment property begins and ends here

Investment Property for Sale in Tempe, AZ

1032 E Redfield Rd

Tempe, AZ

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

$289,000

Airbnb cash on cash: 4.65%

Traditional cash on cash: 5.38%

Airbnb Rental Income: $2566

Traditional Rental Income: $2149

Airbnb ROI: 4.65%

Traditional ROI: 5.38%

1427 W AMANDA Lane

Tempe, AZ

4 beds | 2 baths | 2,478 sq.ft.

$749,999

Airbnb cash on cash: 1.72%

Traditional cash on cash: 4.89%

Airbnb Rental Income: $3127

Traditional Rental Income: $4634

Airbnb ROI: 1.72%

Traditional ROI: 4.89%

581 S Roosevelt St

Tempe, AZ

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

$455,000

Airbnb cash on cash: 0.98%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $1954

Traditional Rental Income: $2368

Airbnb ROI: 0.98%

Traditional ROI: 3.16%

117 W 10th St

Tempe, AZ

8 beds | N/A baths | 4,000 sq.ft.

$2,595,000

Airbnb cash on cash: -0.73%

Traditional cash on cash: -0.09%

Airbnb Rental Income: $1877

Traditional Rental Income: $2904

Airbnb ROI: -0.73%

Traditional ROI: -0.09%

1098 E Fremont Dr

Tempe, AZ

6 beds | 3 baths | 2,298 sq.ft.

$689,000

Airbnb cash on cash: 2.13%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $2994

Traditional Rental Income: $3737

Airbnb ROI: 2.13%

Traditional ROI: 4.36%

1027 S SIESTA Lane

Tempe, AZ

4 beds | 2 baths | 1,912 sq.ft.

$600,000

Airbnb cash on cash: 1.86%

Traditional cash on cash: 4.27%

Airbnb Rental Income: $2468

Traditional Rental Income: $3217

Airbnb ROI: 1.86%

Traditional ROI: 4.27%

1284 W Stacey Ln

Tempe, AZ

4 beds | 2 baths | 2,720 sq.ft.

$815,000

Airbnb cash on cash: 1.45%

Traditional cash on cash: 2.71%

Airbnb Rental Income: $3127

Traditional Rental Income: $3390

Airbnb ROI: 1.45%

Traditional ROI: 2.71%

2035 S Elm St #226

Tempe, AZ

2 beds | 2 baths | 1,004 sq.ft.

$283,000

Airbnb cash on cash: 2.28%

Traditional cash on cash: 4.27%

Airbnb Rental Income: $1900

Traditional Rental Income: $1926

Airbnb ROI: 2.28%