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.	$599,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 4.24% Airbnb Rental Income: $2391 Traditional Rental Income: $3232 Airbnb ROI: 1.68% Traditional ROI: 4.24%
1839 E Secretariat Dr Tempe, AZ Rare opportunity in sought after community in the heart of Tempe. This charming 3 bedroom ...	3 beds \| 2 baths \| 1,408 sq.ft.	$485,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 3.22% Airbnb Rental Income: $1921 Traditional Rental Income: $2277 Airbnb ROI: 1.31% Traditional ROI: 3.22%
1518 W 5th Pl Tempe, AZ WOW! A move in ready home at a great price. Tastefully remodeled with neutral colors, 16'...	4 beds \| 2 baths \| 1,524 sq.ft.	$460,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 3.7% Airbnb Rental Income: $1555 Traditional Rental Income: $2257 Airbnb ROI: 1.03% Traditional ROI: 3.7%
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: N/A Traditional cash on cash: 3.31% Airbnb Rental Income: $null Traditional Rental Income: $2190 Airbnb ROI: N/A 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: 4.55% Traditional cash on cash: 5.62% Airbnb Rental Income: $2468 Traditional Rental Income: $2149 Airbnb ROI: 4.55% Traditional ROI: 5.62%
7720 S Heather Dr Tempe, AZ Move-In ready remodeled home in coveted Tempe Royal Palms! 2016 renovations include gorgeo...	3 beds \| 2 baths \| 1,470 sq.ft.	$469,900	Airbnb cash on cash: 0.8% Traditional cash on cash: 2.19% Airbnb Rental Income: $1921 Traditional Rental Income: $2025 Airbnb ROI: 0.8% Traditional ROI: 2.19%
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: 1.47% Traditional cash on cash: 4.03% Airbnb Rental Income: $2813 Traditional Rental Income: $3850 Airbnb ROI: 1.47% 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: -0.85% Traditional cash on cash: 1.87% Airbnb Rental Income: $1650 Traditional Rental Income: $3086 Airbnb ROI: -0.85% 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: 2.4% Traditional cash on cash: 3.13% Airbnb Rental Income: $3420 Traditional Rental Income: $3163 Airbnb ROI: 2.4% 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.	$549,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 5.01% Airbnb Rental Income: $2002 Traditional Rental Income: $3412 Airbnb ROI: 1.24% Traditional ROI: 5.01%
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: 0.04% Traditional cash on cash: 3.01% Airbnb Rental Income: $1565 Traditional Rental Income: $2904 Airbnb ROI: 0.04% Traditional ROI: 3.01%
5200 S Lakeshore Dr #207 Tempe, AZ PRICE REDUCED $5K, PLUS SELLER GIVING $5K TOWARDS KITCHEN UPDATE! Spacious 2 bd/2bth, 2 ca...	2 beds \| 2 baths \| 1,742 sq.ft.	$425,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 2.89% Airbnb Rental Income: $2045 Traditional Rental Income: $2384 Airbnb ROI: 0.7% Traditional ROI: 2.89%
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: -0.39% Traditional cash on cash: 4.45% Airbnb Rental Income: $1551 Traditional Rental Income: $3049 Airbnb ROI: -0.39% Traditional ROI: 4.45%
407 E Julie Dr Tempe, AZ Beautiful home and fantastic location. 3 spacious bedrooms, 2 baths, living & family rooms...	3 beds \| 2 baths \| 1,861 sq.ft.	$475,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 3.57% Airbnb Rental Income: $1987 Traditional Rental Income: $2290 Airbnb ROI: 1.71% Traditional ROI: 3.57%
1041 E Lodge Dr Tempe, AZ Great Townhome centrally located in Tempe! This very well kept, turn key home is close to ...	2 beds \| 1 baths \| 902 sq.ft.	$234,999	Airbnb cash on cash: 2.98% Traditional cash on cash: 3.73% Airbnb Rental Income: $1793 Traditional Rental Income: $1471 Airbnb ROI: 2.98% Traditional ROI: 3.73%
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.	$369,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 2.65% Airbnb Rental Income: $1255 Traditional Rental Income: $1461 Airbnb ROI: 0.91% Traditional ROI: 2.65%
2016 S Hammond Dr #109 Tempe, AZ WOW! Incredibly unique and amazing Tempe property in ideal location! Close to ASU and do...	4 beds \| 3 baths \| 1,883 sq.ft.	$469,999	Airbnb cash on cash: 0.9% Traditional cash on cash: 3.43% Airbnb Rental Income: $1799 Traditional Rental Income: $2421 Airbnb ROI: 0.9% Traditional ROI: 3.43%
154 W 5th St #122 Tempe, AZ Absolutely gorgeous lower level unit with stainless appliances, wood floor, and French doo...	1 beds \| 1 baths \| 667 sq.ft.	$279,900	Airbnb cash on cash: 0.31% Traditional cash on cash: 1.62% Airbnb Rental Income: $1350 Traditional Rental Income: $1283 Airbnb ROI: 0.31% Traditional ROI: 1.62%
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: 3.05% Traditional cash on cash: 4.46% Airbnb Rental Income: $2747 Traditional Rental Income: $2747 Airbnb ROI: 3.05% 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.	$569,900	Airbnb cash on cash: 3.26% Traditional cash on cash: 3.59% Airbnb Rental Income: $3280 Traditional Rental Income: $2721 Airbnb ROI: 3.26% Traditional ROI: 3.59%
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: 1.1% Traditional cash on cash: 3.97% Airbnb Rental Income: $2391 Traditional Rental Income: $3476 Airbnb ROI: 1.1% 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: 0.81% Traditional cash on cash: 1.03% Airbnb Rental Income: $1675 Traditional Rental Income: $1332 Airbnb ROI: 0.81% 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: 0.61% Traditional cash on cash: 2.09% Airbnb Rental Income: $1675 Traditional Rental Income: $2019 Airbnb ROI: 0.61% 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: 0.66% Traditional cash on cash: 3.06% Airbnb Rental Income: $1268 Traditional Rental Income: $1712 Airbnb ROI: 0.66% 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.	$524,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 3.66% Airbnb Rental Income: $2269 Traditional Rental Income: $2555 Airbnb ROI: 1.92% Traditional ROI: 3.66%
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.	$399,995	Airbnb cash on cash: -0.63% Traditional cash on cash: 2.85% Airbnb Rental Income: $1390 Traditional Rental Income: $2273 Airbnb ROI: -0.63% Traditional ROI: 2.85%
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: 0.99% Traditional cash on cash: 4.24% Airbnb Rental Income: $1799 Traditional Rental Income: $2679 Airbnb ROI: 0.99% 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: 1.84% Traditional cash on cash: 3.82% Airbnb Rental Income: $2813 Traditional Rental Income: $3350 Airbnb ROI: 1.84% 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.	$429,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 2.77% Airbnb Rental Income: $1380 Traditional Rental Income: $2173 Airbnb ROI: -0.25% Traditional ROI: 2.77%
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: 1.79% Traditional cash on cash: 4.53% Airbnb Rental Income: $2004 Traditional Rental Income: $2624 Airbnb ROI: 1.79% 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: 0.7% Traditional cash on cash: 2.64% Airbnb Rental Income: $1380 Traditional Rental Income: $1503 Airbnb ROI: 0.7% 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: -0.88% Traditional cash on cash: 1.56% Airbnb Rental Income: $1380 Traditional Rental Income: $2216 Airbnb ROI: -0.88% Traditional ROI: 1.56%
4422 S Mcallister Ave Tempe, AZ Completely remodeled home located in the heart of Tempe! This gorgeous home situated on th...	3 beds \| 2 baths \| 1,852 sq.ft.	$575,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 3.64% Airbnb Rental Income: $2433 Traditional Rental Income: $2754 Airbnb ROI: 1.93% Traditional ROI: 3.64%
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: -1.84% Traditional cash on cash: -0.78% Airbnb Rental Income: $2890 Traditional Rental Income: $6108 Airbnb ROI: -1.84% Traditional ROI: -0.78%
5824 S Judd St Tempe, AZ Great Investment Property. This home features 3 bedrooms 1.75 bathrooms. Guest room has it...	3 beds \| 2 baths \| 1,416 sq.ft.	$435,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 4.1% Airbnb Rental Income: $1947 Traditional Rental Income: $2298 Airbnb ROI: 1.98% Traditional ROI: 4.1%
410 W Laguna Dr Tempe, AZ Owners have put over $40,000 in upgrades/refurbishment since purchase in 2018 including ne...	2 beds \| 2 baths \| 1,014 sq.ft.	$360,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 3.94% Airbnb Rental Income: $1806 Traditional Rental Income: $1924 Airbnb ROI: 2.14% Traditional ROI: 3.94%
1530 S River Dr Tempe, AZ Fantastic opportunity to own this gorgeous 3bed/3bath Townhome in the desirable Las Brisas...	3 beds \| 3 baths \| 1,627 sq.ft.	$409,900	Airbnb cash on cash: 1.76% Traditional cash on cash: 3.92% Airbnb Rental Income: $2220 Traditional Rental Income: $2491 Airbnb ROI: 1.76% Traditional ROI: 3.92%
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.	$460,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 2.48% Airbnb Rental Income: $2045 Traditional Rental Income: $2296 Airbnb ROI: 0.66% Traditional ROI: 2.48%
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: 2.27% Traditional cash on cash: 3.66% Airbnb Rental Income: $1987 Traditional Rental Income: $2001 Airbnb ROI: 2.27% 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: -0.07% Traditional cash on cash: 2.03% Airbnb Rental Income: $1650 Traditional Rental Income: $2167 Airbnb ROI: -0.07% Traditional ROI: 2.03%

Real Estate investment in Tempe, AZ

There are 976 properties for sale in the city of Tempe . The median list price in Tempe is $469,689 and the average price per square foot is $291. In October 2026, the average monthly cash on cash return in Tempe is 3.00%. The average monthly rental income in Tempe is $2,203.

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

There are 976 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 $2,203.

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.

$599,000

Airbnb cash on cash: 1.68%

Traditional cash on cash: 4.24%

Airbnb Rental Income: $2391

Traditional Rental Income: $3232

Airbnb ROI: 1.68%

Traditional ROI: 4.24%

1839 E Secretariat Dr

Tempe, AZ

3 beds | 2 baths | 1,408 sq.ft.

$485,000

Airbnb cash on cash: 1.31%

Traditional cash on cash: 3.22%

Airbnb Rental Income: $1921

Traditional Rental Income: $2277

Airbnb ROI: 1.31%

Traditional ROI: 3.22%

1518 W 5th Pl

Tempe, AZ

4 beds | 2 baths | 1,524 sq.ft.

$460,000

Airbnb cash on cash: 1.03%

Traditional cash on cash: 3.7%

Airbnb Rental Income: $1555

Traditional Rental Income: $2257

Airbnb ROI: 1.03%

Traditional ROI: 3.7%

2332 E Riviera Dr

Tempe, AZ

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

$480,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.31%

Airbnb Rental Income: $null

Traditional Rental Income: $2190

Airbnb ROI: N/A

Traditional ROI: 3.31%

1032 E Redfield Rd

Tempe, AZ

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

$278,500

Airbnb cash on cash: 4.55%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $2468

Traditional Rental Income: $2149

Airbnb ROI: 4.55%

Traditional ROI: 5.62%

7720 S Heather Dr

Tempe, AZ

3 beds | 2 baths | 1,470 sq.ft.

$469,900

Airbnb cash on cash: 0.8%

Traditional cash on cash: 2.19%

Airbnb Rental Income: $1921

Traditional Rental Income: $2025

Airbnb ROI: 0.8%

Traditional ROI: 2.19%

9623 S MAPLE Avenue

Tempe, AZ

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

$710,000

Airbnb cash on cash: 1.47%

Traditional cash on cash: 4.03%

Airbnb Rental Income: $2813

Traditional Rental Income: $3850

Airbnb ROI: 1.47%

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: -0.85%

Traditional cash on cash: 1.87%

Airbnb Rental Income: $1650

Traditional Rental Income: $3086

Airbnb ROI: -0.85%