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 Dr 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: 1.02% Traditional cash on cash: 4.07% Airbnb Rental Income: $1993 Traditional Rental Income: $3232 Airbnb ROI: 1.02% Traditional ROI: 4.07%
2332 E Riviera Dr Tempe, AZ The search is finally over! This lovely home welcomes you with so many upgrades! The beaut...	3 beds \| 2 baths \| 1,642 sq.ft.	$480,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 3.31% Airbnb Rental Income: $2098 Traditional Rental Income: $2190 Airbnb ROI: 1.9% Traditional ROI: 3.31%
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.	$278,500	Airbnb cash on cash: 3.61% Traditional cash on cash: 5.62% Airbnb Rental Income: $2173 Traditional Rental Income: $2149 Airbnb ROI: 3.61% Traditional ROI: 5.62%
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: 1.67% Traditional cash on cash: 4.03% Airbnb Rental Income: $2969 Traditional Rental Income: $3850 Airbnb ROI: 1.67% Traditional ROI: 4.03%
421 W 6th St #1008 Tempe, AZ One of a kind luxury townhomes set in the heart of Tempe. Upgraded cabinets, railings, fl...	3 beds \| 3 baths \| 2,270 sq.ft.	$750,000	Airbnb cash on cash: -1.19% Traditional cash on cash: 1.87% Airbnb Rental Income: $1362 Traditional Rental Income: $3086 Airbnb ROI: -1.19% Traditional ROI: 1.87%
6847 S Alder Dr Tempe, AZ MUST SEE! REMODELED! Plus GUEST HOME! Multi-Gen,VRBO Investment Opportunity OR just for G...	6 beds \| 3 baths \| 3,066 sq.ft.	$735,000	Airbnb cash on cash: 2.79% Traditional cash on cash: 3.13% Airbnb Rental Income: $3739 Traditional Rental Income: $3163 Airbnb ROI: 2.79% Traditional ROI: 3.13%
1632 E Palmcroft Dr Tempe, AZ Refined Desert Living: A Fully Furnished Masterpiece Recently updated, step into a bright,...	4 beds \| 2 baths \| 1,996 sq.ft.	$589,000	Airbnb cash on cash: 1.21% Traditional cash on cash: 4.6% Airbnb Rental Income: $2082 Traditional Rental Income: $3412 Airbnb ROI: 1.21% Traditional ROI: 4.6%
117 W 10th St Tempe, AZ Turnkey duplex investment with major upgrades already done. Across the property, the exter...	2 beds \| 1 baths \| 1,024 sq.ft.	$645,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 3.01% Airbnb Rental Income: $1597 Traditional Rental Income: $2904 Airbnb ROI: 0.08% Traditional ROI: 3.01%
1081 W 1st St #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.	$429,000	Airbnb cash on cash: -0.94% Traditional cash on cash: 4.45% Airbnb Rental Income: $1283 Traditional Rental Income: $3049 Airbnb ROI: -0.94% Traditional ROI: 4.45%
1126 W Auburn Dr Tempe, AZ Welcome to your charming new abode! This delightful 2-bedroom, 1-bathroom home is a true g...	2 beds \| 1 baths \| 910 sq.ft.	$384,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 2.51% Airbnb Rental Income: $1175 Traditional Rental Income: $1461 Airbnb ROI: 0.65% Traditional ROI: 2.51%
1906 E Minton Dr Tempe, AZ Cute single level home in the heart of Tempe! 4 bedroom, 2 bath, 2 car garage. Large great...	4 beds \| 2 baths \| 1,903 sq.ft.	$489,000	Airbnb cash on cash: 3.22% Traditional cash on cash: 4.46% Airbnb Rental Income: $2843 Traditional Rental Income: $2747 Airbnb ROI: 3.22% Traditional ROI: 4.46%
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.	$599,900	Airbnb cash on cash: 2.86% Traditional cash on cash: 3.37% Airbnb Rental Income: $3151 Traditional Rental Income: $2721 Airbnb ROI: 2.86% Traditional ROI: 3.37%
1536 E Edgewater Dr 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: 0.53% Traditional cash on cash: 3.97% Airbnb Rental Income: $1993 Traditional Rental Income: $3476 Airbnb ROI: 0.53% Traditional ROI: 3.97%
914 S Farmer Ave Tempe, AZ Prime Development Opportunity in Tempe - 915 S Wilson St. is being sold in conjunction wit...	2 beds \| 1 baths \| 590 sq.ft.	$590,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 1.03% Airbnb Rental Income: $1555 Traditional Rental Income: $1332 Airbnb ROI: 0.63% Traditional ROI: 1.03%
915 S Wilson St Tempe, AZ Prime Development Opportunity in Tempe - 914 S Farmer Ave. is being sold in conjunction wi...	2 beds \| 2 baths \| 872 sq.ft.	$590,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 2.09% Airbnb Rental Income: $1555 Traditional Rental Income: $2019 Airbnb ROI: 0.43% Traditional ROI: 2.09%
531 W Oxford Dr Tempe, AZ Move-in ready 2-bedroom, 2-bath townhouse with quality updates throughout. Fresh interior ...	2 beds \| 2 baths \| 1,120 sq.ft.	$375,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 3.06% Airbnb Rental Income: $997 Traditional Rental Income: $1712 Airbnb ROI: 0.02% Traditional ROI: 3.06%
1647 E Palmcroft Dr Tempe, AZ Great opportunity in Tempe! This 3 bedroom 2 bath home is conveniently located close to AS...	3 beds \| 2 baths \| 1,646 sq.ft.	$539,900	Airbnb cash on cash: 0.84% Traditional cash on cash: 3.53% Airbnb Rental Income: $1665 Traditional Rental Income: $2555 Airbnb ROI: 0.84% Traditional ROI: 3.53%
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.	$419,995	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.67% Airbnb Rental Income: $1442 Traditional Rental Income: $2273 Airbnb ROI: -0.54% Traditional ROI: 2.67%
2016 S Hammond Dr #104 Tempe, AZ Amazing Investment Opportunity! 4 bedroom/3 bath home w/built in tenant makes this an easy...	4 beds \| 2 baths \| 1,883 sq.ft.	$450,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 4.24% Airbnb Rental Income: $1623 Traditional Rental Income: $2679 Airbnb ROI: 0.64% Traditional ROI: 4.24%
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.	$644,900	Airbnb cash on cash: 2.05% Traditional cash on cash: 3.82% Airbnb Rental Income: $2969 Traditional Rental Income: $3350 Airbnb ROI: 2.05% Traditional ROI: 3.82%
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.	$459,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 2.53% Airbnb Rental Income: $1297 Traditional Rental Income: $2173 Airbnb ROI: -0.45% Traditional ROI: 2.53%
1000 E Loyola Dr Tempe, AZ Opportunity meets location at 1000 E Loyola Drive. Just minutes from Arizona State Univers...	4 beds \| 2 baths \| 1,664 sq.ft.	$445,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.53% Airbnb Rental Income: $null Traditional Rental Income: $2624 Airbnb ROI: N/A Traditional ROI: 4.53%
510 W University Dr #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: 0.46% Traditional cash on cash: 2.64% Airbnb Rental Income: $1297 Traditional Rental Income: $1503 Airbnb ROI: 0.46% Traditional ROI: 2.64%
525 W Lakeside Dr #124 Tempe, AZ MOVE-IN READY 2 bed + flex space 2.5 ba 3-story townhome w/ INCREDIBLE Tempe location! Ent...	2 beds \| 2 baths \| 1,557 sq.ft.	$550,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 1.56% Airbnb Rental Income: $1297 Traditional Rental Income: $2216 Airbnb ROI: -1.01% 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.	$3,950,000	Airbnb cash on cash: -1.88% Traditional cash on cash: -0.78% Airbnb Rental Income: $2721 Traditional Rental Income: $6108 Airbnb ROI: -1.88% Traditional ROI: -0.78%
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.	$465,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 2.44% Airbnb Rental Income: $2107 Traditional Rental Income: $2296 Airbnb ROI: 0.77% Traditional ROI: 2.44%
204 E Fordham Dr Tempe, AZ Beautiful, well-cared for,pride of ownership home with many upgrades in move in ready cond...	3 beds \| 2 baths \| 1,053 sq.ft.	$409,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 3.66% Airbnb Rental Income: $1745 Traditional Rental Income: $2001 Airbnb ROI: 1.74% Traditional ROI: 3.66%
154 W 5th St #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.	$500,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 2.03% Airbnb Rental Income: $1362 Traditional Rental Income: $2167 Airbnb ROI: -0.58% Traditional ROI: 2.03%
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: 2.11% Traditional cash on cash: 4.39% Airbnb Rental Income: $1442 Traditional Rental Income: $1503 Airbnb ROI: 2.11% Traditional ROI: 4.39%
1152 E Watson Dr 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.	$644,900	Airbnb cash on cash: 2.08% Traditional cash on cash: 3.16% Airbnb Rental Income: $2910 Traditional Rental Income: $2888 Airbnb ROI: 2.08% Traditional ROI: 3.16%
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.	$401,000	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%
5843 S Brittany Ln Tempe, AZ This home offers freshly new paint, beautiful ceramic tiles, and quartz countertops throug...	3 beds \| 2 baths \| 1,470 sq.ft.	$494,500	Airbnb cash on cash: 0.65% Traditional cash on cash: 3.42% Airbnb Rental Income: $1553 Traditional Rental Income: $2384 Airbnb ROI: 0.65% Traditional ROI: 3.42%
21 E 6th St #410 Tempe, AZ Enjoy the best of Tempe in this beautiful and contemporary loft right in the heart of Mill...	1 beds \| 1 baths \| 914 sq.ft.	$360,000	Airbnb cash on cash: -2.32% Traditional cash on cash: 1.29% Airbnb Rental Income: $955 Traditional Rental Income: $1826 Airbnb ROI: -2.32% Traditional ROI: 1.29%
1238 W Auburn Dr Tempe, AZ Welcome to this well-maintained home in a prime Tempe location, just minutes from Arizona ...	3 beds \| 2 baths \| 1,342 sq.ft.	$460,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 3.57% Airbnb Rental Income: $1459 Traditional Rental Income: $2223 Airbnb ROI: 0.79% Traditional ROI: 3.57%
15 E Alameda Dr Tempe, AZ INVESTOR SPECIAL Original 1960 block 3 bedroom, 2 bath with open kitchen floor plan t...	4 beds \| 2 baths \| 1,540 sq.ft.	$449,999	Airbnb cash on cash: 1.96% Traditional cash on cash: 4.75% Airbnb Rental Income: $1994 Traditional Rental Income: $2650 Airbnb ROI: 1.96% Traditional ROI: 4.75%
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: 1.63% Traditional cash on cash: 4.89% Airbnb Rental Income: $1771 Traditional Rental Income: $2568 Airbnb ROI: 1.63% 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: 2.47% Traditional cash on cash: 2.97% Airbnb Rental Income: $3282 Traditional Rental Income: $2858 Airbnb ROI: 2.47% Traditional ROI: 2.97%
1346 W 12th Pl Tempe, AZ Wonderful single level custom four bedroom home located in a great north Tempe location in...	4 beds \| 2 baths \| 2,037 sq.ft.	$599,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 3.41% Airbnb Rental Income: $1463 Traditional Rental Income: $2784 Airbnb ROI: 0.27% Traditional ROI: 3.41%
2406 E LA Jolla Dr 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.	$534,900	Airbnb cash on cash: 1.56% Traditional cash on cash: 3.82% Airbnb Rental Income: $2098 Traditional Rental Income: $2691 Airbnb ROI: 1.56% Traditional ROI: 3.82%
1111 W University Dr #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: -1.4% Traditional cash on cash: 2.91% Airbnb Rental Income: $1104 Traditional Rental Income: $1949 Airbnb ROI: -1.4% Traditional ROI: 2.91%

Real Estate investment in Tempe, AZ

There are 707 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 $302. In August 2026, the average monthly cash on cash return in Tempe is 3.00%. The average monthly rental income in Tempe is $2,216.

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

There are 707 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 $2,216.

Your search for investment property begins and ends here

Investment Property for Sale in Tempe, AZ

1860 E Dunbar Dr

Tempe, AZ

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

$619,000

Airbnb cash on cash: 1.02%

Traditional cash on cash: 4.07%

Airbnb Rental Income: $1993

Traditional Rental Income: $3232

Airbnb ROI: 1.02%

Traditional ROI: 4.07%

2332 E Riviera Dr

Tempe, AZ

3 beds | 2 baths | 1,642 sq.ft.

$480,000

Airbnb cash on cash: 1.9%

Traditional cash on cash: 3.31%

Airbnb Rental Income: $2098

Traditional Rental Income: $2190

Airbnb ROI: 1.9%

Traditional ROI: 3.31%

1032 E Redfield Rd

Tempe, AZ

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

$278,500

Airbnb cash on cash: 3.61%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $2173

Traditional Rental Income: $2149

Airbnb ROI: 3.61%

Traditional ROI: 5.62%

9623 S MAPLE Avenue

Tempe, AZ

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

$710,000

Airbnb cash on cash: 1.67%

Traditional cash on cash: 4.03%

Airbnb Rental Income: $2969

Traditional Rental Income: $3850

Airbnb ROI: 1.67%

Traditional ROI: 4.03%

421 W 6th St #1008

Tempe, AZ

3 beds | 3 baths | 2,270 sq.ft.

$750,000

Airbnb cash on cash: -1.19%

Traditional cash on cash: 1.87%

Airbnb Rental Income: $1362

Traditional Rental Income: $3086

Airbnb ROI: -1.19%

Traditional ROI: 1.87%

6847 S Alder Dr

Tempe, AZ

6 beds | 3 baths | 3,066 sq.ft.

$735,000

Airbnb cash on cash: 2.79%

Traditional cash on cash: 3.13%

Airbnb Rental Income: $3739

Traditional Rental Income: $3163

Airbnb ROI: 2.79%

Traditional ROI: 3.13%

1632 E Palmcroft Dr

Tempe, AZ

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

$589,000

Airbnb cash on cash: 1.21%

Traditional cash on cash: 4.6%

Airbnb Rental Income: $2082

Traditional Rental Income: $3412

Airbnb ROI: 1.21%

Traditional ROI: 4.6%

117 W 10th St

Tempe, AZ

2 beds | 1 baths | 1,024 sq.ft.

$645,000

Airbnb cash on cash: 0.08%

Traditional cash on cash: 3.01%

Airbnb Rental Income: $1597

Traditional Rental Income: $2904

Airbnb ROI: 0.08%