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
1860 E Dunbar Drive Tempe, AZ Located in the heart of Tempe, this beautifully updated 3-bedroom, 2-bath home offers the ...	3 beds \| 2 baths \| 1,866 sq.ft.	$619,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 4.07% Airbnb Rental Income: $2045 Traditional Rental Income: $3232 Airbnb ROI: 1.1% Traditional ROI: 4.07%
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.	$279,500	Airbnb cash on cash: 3.71% Traditional cash on cash: 5.59% Airbnb Rental Income: $2210 Traditional Rental Income: $2149 Airbnb ROI: 3.71% Traditional ROI: 5.59%
9623 S MAPLE Avenue Tempe, AZ Unveil the perfect blend of modern charm and energy efficiency in this beautifully designe...	4 beds \| 3 baths \| 2,681 sq.ft.	$710,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 4.03% Airbnb Rental Income: $2998 Traditional Rental Income: $3850 Airbnb ROI: 1.7% Traditional ROI: 4.03%
154 W 5TH Street #137 Tempe, AZ Resort-style living steps from Arizona State University. This well-appointed 1 bed, 1 bath...	1 beds \| 1 baths \| 666 sq.ft.	$260,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 3.51% Airbnb Rental Income: $958 Traditional Rental Income: $1623 Airbnb ROI: -0.63% Traditional ROI: 3.51%
1632 E PALMCROFT Drive Tempe, AZ Refined Desert Living: A Fully Furnished Masterpiece Recently updated, step into a bright,...	4 beds \| 2 baths \| 1,996 sq.ft.	$599,999	Airbnb cash on cash: 1.41% Traditional cash on cash: 4.5% Airbnb Rental Income: $2245 Traditional Rental Income: $3412 Airbnb ROI: 1.41% Traditional ROI: 4.5%
117 W 10TH Street Tempe, AZ Turnkey duplex investment with major upgrades already done. Across the property, the exter...	N/A beds \| N/A baths \| N/A	$1,235,000	Airbnb cash on cash: -1.09% Traditional cash on cash: 1.11% Airbnb Rental Income: $686 Traditional Rental Income: $2904 Airbnb ROI: -1.09% Traditional ROI: 1.11%
1081 W 1st Street #10 Tempe, AZ Wow! GORGEOUS 3-bed, 2.5-bath 3.5-car garage, 3 Story Townhouse Tempe AZ! Luxury and Locat...	3 beds \| 3 baths \| 1,647 sq.ft.	$439,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.33% Airbnb Rental Income: $null Traditional Rental Income: $3049 Airbnb ROI: N/A Traditional ROI: 4.33%
1116 E Redfield Rd Tempe, AZ Newly renovated home boasts a beautiful open kitchen with white cabinets, white garnet enc...	4 beds \| 2 baths \| 1,859 sq.ft.	$615,000	Airbnb cash on cash: 2.99% Traditional cash on cash: 3.26% Airbnb Rental Income: $3308 Traditional Rental Income: $2721 Airbnb ROI: 2.99% Traditional ROI: 3.26%
1536 E EDGEWATER Drive Tempe, AZ Location, Location, Location. This one has it! Opportunity awaits in the highly desirable ...	3 beds \| 2 baths \| 2,311 sq.ft.	$625,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.97% Airbnb Rental Income: $2045 Traditional Rental Income: $3476 Airbnb ROI: 0.61% Traditional ROI: 3.97%
6517 S Hazelton Ln Tempe, AZ Hi-end custom appliances, dbl oven dark stainless steel slide-in range and microwave/hood,...	3 beds \| 1 baths \| 2,082 sq.ft.	$645,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 2.49% Airbnb Rental Income: $2465 Traditional Rental Income: $2431 Airbnb ROI: 1.55% Traditional ROI: 2.49%
914 S Farmer Avenue Tempe, AZ Prime Development Opportunity in Tempe - 915 S Wilson St. is being sold in conjunction wit...	2 beds \| 1 baths \| 590 sq.ft.	$600,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 1% Airbnb Rental Income: $1609 Traditional Rental Income: $1332 Airbnb ROI: 0.68% Traditional ROI: 1%
915 S WILSON Street Tempe, AZ Prime Development Opportunity in Tempe - 914 S Farmer Ave. is being sold in conjunction wi...	2 beds \| 2 baths \| 872 sq.ft.	$600,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 2.04% Airbnb Rental Income: $1609 Traditional Rental Income: $2019 Airbnb ROI: 0.49% Traditional ROI: 2.04%
850 S RIVER Drive #2020 Tempe, AZ Beautiful 2 bed/2bath 2nd floor condo with updated flooring, granite counters, maple cabin...	2 beds \| 2 baths \| 1,130 sq.ft.	$264,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 4.23% Airbnb Rental Income: $1107 Traditional Rental Income: $1808 Airbnb ROI: -0.09% Traditional ROI: 4.23%
1081 W 1st St #16 Tempe, AZ Drive, Bike, Boat, Skate, Walk or Rail over to this unique property near everything that ...	2 beds \| 2 baths \| 1,590 sq.ft.	$424,995	Airbnb cash on cash: N/A Traditional cash on cash: 2.62% Airbnb Rental Income: $null Traditional Rental Income: $2273 Airbnb ROI: N/A Traditional ROI: 2.62%
427 W Palomino Dr Tempe, AZ Beautiful and well-maintained home in highly sought after South Tempe neighborhood of Peca...	4 beds \| 3 baths \| 2,639 sq.ft.	$649,900	Airbnb cash on cash: 2.07% Traditional cash on cash: 3.78% Airbnb Rental Income: $2998 Traditional Rental Income: $3350 Airbnb ROI: 2.07% Traditional ROI: 3.78%
570 W 6th St Tempe, AZ Stunning townhome located within walking distance to ASU! This updated Brownstone offers L...	2 beds \| 2 baths \| 1,536 sq.ft.	$465,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 2.48% Airbnb Rental Income: $1372 Traditional Rental Income: $2173 Airbnb ROI: -0.32% Traditional ROI: 2.48%
1000 E LOYOLA Drive Tempe, AZ Opportunity meets location at 1000 E Loyola Drive. Just minutes from Arizona State Univers...	4 beds \| 2 baths \| 1,664 sq.ft.	$499,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 3.94% Airbnb Rental Income: $1812 Traditional Rental Income: $2624 Airbnb ROI: 1.15% Traditional ROI: 3.94%
510 W UNIVERSITY Drive #202 Tempe, AZ Location, location, location! Situated just a 5-minute walk from the Arizona State Univers...	2 beds \| 2 baths \| 864 sq.ft.	$298,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 2.64% Airbnb Rental Income: $1372 Traditional Rental Income: $1503 Airbnb ROI: 0.68% Traditional ROI: 2.64%
525 W LAKESIDE Drive #124 Tempe, AZ MOVE-IN READY 2 bed + flex space 2.5 ba 3-story townhome w/ INCREDIBLE Tempe location! Ent...	2 beds \| 3 baths \| 1,557 sq.ft.	$550,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 1.56% Airbnb Rental Income: $1372 Traditional Rental Income: $2216 Airbnb ROI: -0.89% Traditional ROI: 1.56%
140 E Rio Salado Pkwy #1201 Tempe, AZ Sky Terrace 1201, known as Summit, is a true owner's penthouse anchored by one unforgettab...	4 beds \| 4 baths \| 3,783 sq.ft.	$4,100,000	Airbnb cash on cash: -2.01% Traditional cash on cash: -0.79% Airbnb Rental Income: $1976 Traditional Rental Income: $6108 Airbnb ROI: -2.01% Traditional ROI: -0.79%
5200 S Lakeshore Dr #116 Tempe, AZ Beautiful 2 bedroom 2 bathroom condo in the gated community of Harbour Village at The Lake...	2 beds \| 2 baths \| 1,589 sq.ft.	$482,500	Airbnb cash on cash: 1.29% Traditional cash on cash: 2.32% Airbnb Rental Income: $2428 Traditional Rental Income: $2296 Airbnb ROI: 1.29% Traditional ROI: 2.32%
154 W 5TH Street #227 Tempe, AZ Experience the best of Downtown Tempe living in this beautifully updated 3-bedroom, 2-bath...	3 beds \| 2 baths \| 1,403 sq.ft.	$535,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 1.83% Airbnb Rental Income: $1510 Traditional Rental Income: $2167 Airbnb ROI: -0.36% Traditional ROI: 1.83%
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.	$227,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.39% Airbnb Rental Income: $null Traditional Rental Income: $1503 Airbnb ROI: N/A Traditional ROI: 4.39%
1152 E Watson Drive Tempe, AZ Incredible opportunity to own a stylish and updated ranch-style home in the heart of Tempe...	4 beds \| 2 baths \| 2,183 sq.ft.	$649,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 3.14% Airbnb Rental Income: $3108 Traditional Rental Income: $2888 Airbnb ROI: 2.33% Traditional ROI: 3.14%
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.	$401,500	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.97% Airbnb Rental Income: $1107 Traditional Rental Income: $2052 Airbnb ROI: -0.54% Traditional ROI: 2.97%
435 W Rio Salado Pkwy #208 Tempe, AZ Don't miss this spacious, upgraded unit in Regatta Pointe w/ tremendous views to east over...	2 beds \| 2 baths \| 1,082 sq.ft.	$435,000	Airbnb cash on cash: -0.55% Traditional cash on cash: 1.47% Airbnb Rental Income: $1372 Traditional Rental Income: $1776 Airbnb ROI: -0.55% Traditional ROI: 1.47%
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.	$390,000	Airbnb cash on cash: 0% Traditional cash on cash: 3.22% Airbnb Rental Income: $1227 Traditional Rental Income: $2010 Airbnb ROI: 0% Traditional ROI: 3.22%
721 E BRENTRUP Drive Tempe, AZ Prime Tempe location! Beautiful single-story 3-bedroom, 2-bath home with 2-car garage ...	3 beds \| 2 baths \| 1,431 sq.ft.	$420,000	Airbnb cash on cash: 1.79% Traditional cash on cash: 4.89% Airbnb Rental Income: $1842 Traditional Rental Income: $2568 Airbnb ROI: 1.79% Traditional ROI: 4.89%
1906 E Caroline Ln Tempe, AZ Absolutely stunning home in lovely Alta Mira in South Tempe! Beautifully remodeled and upd...	4 beds \| 2 baths \| 2,312 sq.ft.	$679,000	Airbnb cash on cash: 2.41% Traditional cash on cash: 2.97% Airbnb Rental Income: $3232 Traditional Rental Income: $2858 Airbnb ROI: 2.41% Traditional ROI: 2.97%
2406 E LA JOLLA Drive Tempe, AZ Beautifully updated single-story home tucked away on a spacious 1/4-acre cul-de-sac lot in...	3 beds \| 2 baths \| 1,829 sq.ft.	$539,900	Airbnb cash on cash: 1.57% Traditional cash on cash: 3.78% Airbnb Rental Income: $2116 Traditional Rental Income: $2691 Airbnb ROI: 1.57% Traditional ROI: 3.78%
1111 W UNIVERSITY Drive #2020 Tempe, AZ This apartment unit in Vale Condominiums offers both convenience and comfort! You'll be de...	1 beds \| 1 baths \| 864 sq.ft.	$299,999	Airbnb cash on cash: -0.4% Traditional cash on cash: 3.73% Airbnb Rental Income: $1033 Traditional Rental Income: $1840 Airbnb ROI: -0.4% Traditional ROI: 3.73%
1127 S UNA Avenue Tempe, AZ 1127 S Una Drive, Tempe Arizona- Enjoy exceptional access to Arizona State University, wit...	4 beds \| 2 baths \| 1,568 sq.ft.	$475,000	Airbnb cash on cash: 2.02% Traditional cash on cash: 4.91% Airbnb Rental Income: $2194 Traditional Rental Income: $2923 Airbnb ROI: 2.02% Traditional ROI: 4.91%
6776 S WILSON Street Tempe, AZ Charming 2-bedroom home at Brittany Lane! Enjoy the convenience of a spacious 2-car garage...	2 beds \| 2 baths \| 1,073 sq.ft.	$374,500	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.82% Airbnb Rental Income: $1425 Traditional Rental Income: $2126 Airbnb ROI: 0.61% Traditional ROI: 3.82%
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.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.25% Airbnb Rental Income: $null Traditional Rental Income: $1967 Airbnb ROI: N/A Traditional ROI: 2.25%
1349 W 12th St Tempe, AZ Single family home near the heart of downtown Tempe! Close to ASU campus, Tempe Town Lake,...	4 beds \| 2 baths \| 1,833 sq.ft.	$529,900	Airbnb cash on cash: -0.49% Traditional cash on cash: 3.82% Airbnb Rental Income: $888 Traditional Rental Income: $2687 Airbnb ROI: -0.49% Traditional ROI: 3.82%
1622 E 12TH Street Tempe, AZ Owner will consider Carrying with 30% Down. This Home has had a lot of Remodeling Done. Bi...	3 beds \| 2 baths \| 904 sq.ft.	$425,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 4.08% Airbnb Rental Income: $1569 Traditional Rental Income: $2264 Airbnb ROI: 1.2% Traditional ROI: 4.08%
2031 E Cairo Dr Tempe, AZ This Tempe two-story offers and a two-car garage. Upgraded features include fresh interior...	3 beds \| 2 baths \| 1,759 sq.ft.	$479,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 4.39% Airbnb Rental Income: $2080 Traditional Rental Income: $2672 Airbnb ROI: 1.88% Traditional ROI: 4.39%
140 E Rio Salado Parkway #411 Tempe, AZ Experience elevated living in one of Tempe's most sought after waterfront communities. Thi...	1 beds \| 2 baths \| 1,282 sq.ft.	$463,777	Airbnb cash on cash: -506.35% Traditional cash on cash: -501.46% Airbnb Rental Income: $958 Traditional Rental Income: $2731 Airbnb ROI: -506.35% Traditional ROI: -501.46%
2132 E Tulane Drive Tempe, AZ Discover a beautiful 3bed 2bath home in a prime Tempe location near Baseline and 101. This...	3 beds \| 2 baths \| 1,647 sq.ft.	$505,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 4.28% Airbnb Rental Income: $2160 Traditional Rental Income: $2828 Airbnb ROI: 1.7% Traditional ROI: 4.28%
3604 S CUTLER Drive Tempe, AZ This 3-bedroom, 1-bath home in central Tempe is move-in ready with the big-ticket items al...	3 beds \| 1 baths \| 1,091 sq.ft.	$415,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 3.46% Airbnb Rental Income: $1496 Traditional Rental Income: $1949 Airbnb ROI: 1.17% Traditional ROI: 3.46%

Real Estate investment in Tempe, AZ

There are 552 properties for sale in the city of Tempe . The median list price in Tempe is $482,711 and the average price per square foot is $305. In July 2026, the average monthly cash on cash return in Tempe is 3.00%. The average monthly rental income in Tempe is $2,243.

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

There are 552 investment properties available for sale in Tempe.

In 2026, the best neighborhood to buy investment property is Kyrene-Superstition.

The ROI for Long-Term is higher than the Short-Term in Tempe with average rental income of $2,243.

Your search for investment property begins and ends here

Investment Property for Sale in Tempe, AZ

1860 E Dunbar Drive

Tempe, AZ

3 beds | 2 baths | 1,866 sq.ft.

$619,000

Airbnb cash on cash: 1.1%

Traditional cash on cash: 4.07%

Airbnb Rental Income: $2045

Traditional Rental Income: $3232

Airbnb ROI: 1.1%

Traditional ROI: 4.07%

1032 E REDFIELD Road

Tempe, AZ

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

$279,500

Airbnb cash on cash: 3.71%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $2210

Traditional Rental Income: $2149

Airbnb ROI: 3.71%

Traditional ROI: 5.59%

9623 S MAPLE Avenue

Tempe, AZ

4 beds | 3 baths | 2,681 sq.ft.

$710,000

Airbnb cash on cash: 1.7%

Traditional cash on cash: 4.03%

Airbnb Rental Income: $2998

Traditional Rental Income: $3850

Airbnb ROI: 1.7%

Traditional ROI: 4.03%

154 W 5TH Street #137

Tempe, AZ

1 beds | 1 baths | 666 sq.ft.

$260,000

Airbnb cash on cash: -0.63%

Traditional cash on cash: 3.51%

Airbnb Rental Income: $958

Traditional Rental Income: $1623

Airbnb ROI: -0.63%

Traditional ROI: 3.51%

1632 E PALMCROFT Drive

Tempe, AZ

4 beds | 2 baths | 1,996 sq.ft.

$599,999

Airbnb cash on cash: 1.41%

Traditional cash on cash: 4.5%

Airbnb Rental Income: $2245

Traditional Rental Income: $3412

Airbnb ROI: 1.41%

Traditional ROI: 4.5%

117 W 10TH Street

Tempe, AZ

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

$1,235,000

Airbnb cash on cash: -1.09%

Traditional cash on cash: 1.11%

Airbnb Rental Income: $686

Traditional Rental Income: $2904

Airbnb ROI: -1.09%

Traditional ROI: 1.11%

1081 W 1st Street #10

Tempe, AZ

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

$439,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.33%

Airbnb Rental Income: $null

Traditional Rental Income: $3049

Airbnb ROI: N/A

Traditional ROI: 4.33%

1116 E Redfield Rd

Tempe, AZ

4 beds | 2 baths | 1,859 sq.ft.

$615,000

Airbnb cash on cash: 2.99%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $3308

Traditional Rental Income: $2721

Airbnb ROI: 2.99%