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.	$282,500	Airbnb cash on cash: 4.78% Traditional cash on cash: 5.53% Airbnb Rental Income: $2566 Traditional Rental Income: $2149 Airbnb ROI: 4.78% Traditional ROI: 5.53%
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 \| N/A	$2,450,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 0.01% Airbnb Rental Income: $2454 Traditional Rental Income: $2904 Airbnb ROI: -0.45% Traditional ROI: 0.01%
9109 S Grandview Drive Tempe, AZ Quiet greenbelt living in the heart of Warner Ranch. Rarely available single-story home on...	3 beds \| 3 baths \| 1,904 sq.ft.	$675,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 2.87% Airbnb Rental Income: $2575 Traditional Rental Income: $2992 Airbnb ROI: 1.23% Traditional ROI: 2.87%
1508 E Weathervane Ln Tempe, AZ Step through the private courtyard gate in The Lakes and suddenly it feels like you've esc...	3 beds \| 2 baths \| 1,631 sq.ft.	$540,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 3.67% Airbnb Rental Income: $2305 Traditional Rental Income: $2813 Airbnb ROI: 1.53% Traditional ROI: 3.67%
2300 E Concorda Dr Tempe, AZ Single-story corner lot home with no HOA, diving pool, RV gate, and extended RV parking. O...	4 beds \| 2 baths \| 1,851 sq.ft.	$520,000	Airbnb cash on cash: 3% Traditional cash on cash: 4.53% Airbnb Rental Income: $2903 Traditional Rental Income: $2972 Airbnb ROI: 3% Traditional ROI: 4.53%
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.	$645,000	Airbnb cash on cash: -2.37% Traditional cash on cash: -0.47% Airbnb Rental Income: $1648 Traditional Rental Income: $2333 Airbnb ROI: -2.37% Traditional ROI: -0.47%
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.	$665,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 2.38% Airbnb Rental Income: $2601 Traditional Rental Income: $2431 Airbnb ROI: 1.65% Traditional ROI: 2.38%
1222 W BASELINE Road unit: 176 Tempe, AZ METICULOUSLY CARED FOR AND PRICED BELOW COMPARABLE SALES! Corner-unit privacy and major up...	2 beds \| 2 baths \| 1,093 sq.ft.	$299,900	Airbnb cash on cash: 1.88% Traditional cash on cash: 4.19% Airbnb Rental Income: $1806 Traditional Rental Income: $1970 Airbnb ROI: 1.88% Traditional ROI: 4.19%
1331 E Northshore Dr Tempe, AZ Welcome to this 4 bed/2.5 bath home in The Lakes Tempe with rare 3 car garage and private ...	4 beds \| 2 baths \| 2,691 sq.ft.	$689,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 3.61% Airbnb Rental Income: $2707 Traditional Rental Income: $3550 Airbnb ROI: 1.3% Traditional ROI: 3.61%
5319 S Mitchell Dr Tempe, AZ Great townhouse in Tempe. Two car carport with direct access to home. Master suite has plu...	3 beds \| 2 baths \| 1,426 sq.ft.	$380,000	Airbnb cash on cash: 3.95% Traditional cash on cash: 3.36% Airbnb Rental Income: $2642 Traditional Rental Income: $1803 Airbnb ROI: 3.95% Traditional ROI: 3.36%
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.	$529,950	Airbnb cash on cash: 1.99% Traditional cash on cash: 4.51% Airbnb Rental Income: $2390 Traditional Rental Income: $3050 Airbnb ROI: 1.99% Traditional ROI: 4.51%
2618 S Shannon Dr Tempe, AZ Southwest inspired details, thoughtful upgrades throughout. The gorgeous kitchen and bathr...	3 beds \| 2 baths \| 2,072 sq.ft.	$575,000	Airbnb cash on cash: 1.96% Traditional cash on cash: 3.07% Airbnb Rental Income: $2555 Traditional Rental Income: $2536 Airbnb ROI: 1.96% Traditional ROI: 3.07%
842 E Stacey Ln Tempe, AZ DISCOVER YOUR DREAM HOME! Renovated three bedroom home in desirable Warner Ranch Crossing,...	3 beds \| 2 baths \| 2,047 sq.ft.	$625,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 3.52% Airbnb Rental Income: $2575 Traditional Rental Income: $3092 Airbnb ROI: 1.58% Traditional ROI: 3.52%
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 Drive 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.	$449,900	Airbnb cash on cash: 3.24% Traditional cash on cash: 4.39% Airbnb Rental Income: $2681 Traditional Rental Income: $2526 Airbnb ROI: 3.24% Traditional ROI: 4.39%
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: 0.75% Traditional cash on cash: 2.96% Airbnb Rental Income: $1687 Traditional Rental Income: $2052 Airbnb ROI: 0.75% Traditional ROI: 2.96%
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.	$400,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 4.99% Airbnb Rental Income: $1743 Traditional Rental Income: $2713 Airbnb ROI: 1.12% Traditional ROI: 4.99%
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.	$719,000	Airbnb cash on cash: 2.32% Traditional cash on cash: 2.34% Airbnb Rental Income: $3314 Traditional Rental Income: $2585 Airbnb ROI: 2.32% Traditional ROI: 2.34%
517 W Duke Dr Tempe, AZ Seller can't wait for you to call this place home. Conveniently located 2 bed + den, 2 bat...	3 beds \| 2 baths \| 1,426 sq.ft.	$385,000	Airbnb cash on cash: 3.83% Traditional cash on cash: 4.36% Airbnb Rental Income: $2642 Traditional Rental Income: $2204 Airbnb ROI: 3.83% Traditional ROI: 4.36%
2406 E LA Jolla Dr Tempe, AZ Large Cul-du-sac lot (1/4 acre) COOL REMODELED HOME! 1829 sf single story home in quiet ne...	3 beds \| 2 baths \| 1,829 sq.ft.	$559,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 3.64% Airbnb Rental Income: $2544 Traditional Rental Income: $2691 Airbnb ROI: 2.18% Traditional ROI: 3.64%
1405 E Campus Drive -- Tempe, AZ Four bedrooms. Three baths. Over 1,700 square feet right in the heart of Tempe. Homes like...	4 beds \| 3 baths \| 1,778 sq.ft.	$599,999	Airbnb cash on cash: 1.75% Traditional cash on cash: 2.17% Airbnb Rental Income: $2426 Traditional Rental Income: $2068 Airbnb ROI: 1.75% Traditional ROI: 2.17%
941 E LIBRA Drive Tempe, AZ This amazing custom block home sits on a massive 18,000+ SF corner cul-de-sac lot and deli...	4 beds \| 3 baths \| 2,588 sq.ft.	$775,000	Airbnb cash on cash: 1.63% Traditional cash on cash: 3.5% Airbnb Rental Income: $3049 Traditional Rental Income: $3704 Airbnb ROI: 1.63% Traditional ROI: 3.5%
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.	$465,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 4.1% Airbnb Rental Income: $2899 Traditional Rental Income: $2815 Airbnb ROI: 2.74% Traditional ROI: 4.1%
1 W Rice Dr Tempe, AZ Great Location! A short walk to Kiwanis park. Just Minutes from the Freeway. Minutes fro...	3 beds \| 2 baths \| 1,626 sq.ft.	$469,000	Airbnb cash on cash: 2.39% Traditional cash on cash: 4.1% Airbnb Rental Income: $2278 Traditional Rental Income: $2458 Airbnb ROI: 2.39% Traditional ROI: 4.1%
2052 S Rural Rd #C Tempe, AZ Welcome to this charming condo in the Joshua Square community, ideally located in the hear...	2 beds \| 2 baths \| 966 sq.ft.	$289,000	Airbnb cash on cash: 2.1% Traditional cash on cash: 5.24% Airbnb Rental Income: $1829 Traditional Rental Income: $2191 Airbnb ROI: 2.1% Traditional ROI: 5.24%
7243 S Alder Dr Tempe, AZ Wow!!! Check out this incredible 3-bedroom, 2-bath home with 2-car garage. Prime Tempe loc...	3 beds \| 2 baths \| 1,560 sq.ft.	$550,000	Airbnb cash on cash: 2.47% Traditional cash on cash: 3.58% Airbnb Rental Income: $2700 Traditional Rental Income: $2632 Airbnb ROI: 2.47% Traditional ROI: 3.58%
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 Experience elevated living in one of Tempe's most sought after waterfront communities. Thi...	1 beds \| 1 baths \| 1,282 sq.ft.	$463,999	Airbnb cash on cash: -2.41% Traditional cash on cash: 1.76% Airbnb Rental Income: $1332 Traditional Rental Income: $2731 Airbnb ROI: -2.41% Traditional ROI: 1.76%
2132 E Tulane Dr Tempe, AZ Great Investor Property! This property is a fantastic opportunity for an investor or buyer...	3 beds \| 2 baths \| 1,647 sq.ft.	$525,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 4.08% Airbnb Rental Income: $2589 Traditional Rental Income: $2828 Airbnb ROI: 2.33% Traditional ROI: 4.08%
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 Live the easy Tempe lifestyle at La Tierra Condos, updated ground-floor condo, security do...	2 beds \| 2 baths \| 1,065 sq.ft.	$259,945	Airbnb cash on cash: 2.24% Traditional cash on cash: 5.02% Airbnb Rental Income: $1770 Traditional Rental Income: $1967 Airbnb ROI: 2.24% Traditional ROI: 5.02%

Real Estate investment in Tempe, AZ

There are 514 properties for sale in the city of Tempe . The median list price in Tempe is $489,925 and the average price per square foot is $285. In March 2026, the average monthly cash on cash return in Tempe is 3.00%. The average monthly rental income in Tempe is $2,332.

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

There are 514 investment properties available for sale in Tempe.

In 2026, 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 $2,332.

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.

$282,500

Airbnb cash on cash: 4.78%

Traditional cash on cash: 5.53%

Airbnb Rental Income: $2566

Traditional Rental Income: $2149

Airbnb ROI: 4.78%

Traditional ROI: 5.53%

117 W 10th St

Tempe, AZ

8 beds | N/A baths | N/A

$2,450,000

Airbnb cash on cash: -0.45%

Traditional cash on cash: 0.01%

Airbnb Rental Income: $2454

Traditional Rental Income: $2904

Airbnb ROI: -0.45%

Traditional ROI: 0.01%

9109 S Grandview Drive

Tempe, AZ

3 beds | 3 baths | 1,904 sq.ft.

$675,000

Airbnb cash on cash: 1.23%

Traditional cash on cash: 2.87%

Airbnb Rental Income: $2575

Traditional Rental Income: $2992

Airbnb ROI: 1.23%

Traditional ROI: 2.87%

1508 E Weathervane Ln

Tempe, AZ

3 beds | 2 baths | 1,631 sq.ft.

$540,000

Airbnb cash on cash: 1.53%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $2305

Traditional Rental Income: $2813

Airbnb ROI: 1.53%

Traditional ROI: 3.67%

2300 E Concorda Dr

Tempe, AZ

4 beds | 2 baths | 1,851 sq.ft.

$520,000

Airbnb cash on cash: 3%

Traditional cash on cash: 4.53%

Airbnb Rental Income: $2903

Traditional Rental Income: $2972

Airbnb ROI: 3%

Traditional ROI: 4.53%

140 E Rio Salado Pkwy #509

Tempe, AZ

2 beds | 2 baths | 1,600 sq.ft.

$645,000

Airbnb cash on cash: -2.37%

Traditional cash on cash: -0.47%

Airbnb Rental Income: $1648

Traditional Rental Income: $2333

Airbnb ROI: -2.37%

Traditional ROI: -0.47%

6517 S Hazelton Ln

Tempe, AZ

3 beds | 1 baths | 2,082 sq.ft.

$665,000

Airbnb cash on cash: 1.65%

Traditional cash on cash: 2.38%

Airbnb Rental Income: $2601

Traditional Rental Income: $2431

Airbnb ROI: 1.65%

Traditional ROI: 2.38%

1222 W BASELINE Road unit: 176

Tempe, AZ

2 beds | 2 baths | 1,093 sq.ft.

$299,900

Airbnb cash on cash: 1.88%

Traditional cash on cash: 4.19%

Airbnb Rental Income: $1806

Traditional Rental Income: $1970

Airbnb ROI: 1.88%