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
8863 S Grandview Dr Tempe, AZ Beautifully maintained Warner Ranch home in a prime Tempe location! This 2 bed, 3 bath hom...	2 beds \| 3 baths \| 2,003 sq.ft.	$670,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 2.94% Airbnb Rental Income: $1411 Traditional Rental Income: $3172 Airbnb ROI: -0.56% Traditional ROI: 2.94%
8850 S Los Feliz Dr Tempe, AZ South Tempe. No HOA. A lush, resort-style backyard. Minutes to everything. This is the one...	4 beds \| 2 baths \| 2,696 sq.ft.	$740,000	Airbnb cash on cash: 1.63% Traditional cash on cash: 3.28% Airbnb Rental Income: $2911 Traditional Rental Income: $3378 Airbnb ROI: 1.63% Traditional ROI: 3.28%
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.	$279,500	Airbnb cash on cash: 3.26% Traditional cash on cash: 5.59% Airbnb Rental Income: $2067 Traditional Rental Income: $2149 Airbnb ROI: 3.26% Traditional ROI: 5.59%
9623 S Maple Ave Tempe, AZ Unveil the perfect blend of modern charm and energy efficiency in this beautifully designe...	4 beds \| 2 baths \| 2,681 sq.ft.	$739,900	Airbnb cash on cash: 1.03% Traditional cash on cash: 3.83% Airbnb Rental Income: $2532 Traditional Rental Income: $3850 Airbnb ROI: 1.03% Traditional ROI: 3.83%
154 W 5th St #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: -1.84% Traditional cash on cash: 3.51% Airbnb Rental Income: $600 Traditional Rental Income: $1623 Airbnb ROI: -1.84% Traditional ROI: 3.51%
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.	$605,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 4.46% Airbnb Rental Income: $1765 Traditional Rental Income: $3412 Airbnb ROI: 0.69% Traditional ROI: 4.46%
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: -1% Traditional cash on cash: 1.11% Airbnb Rental Income: $805 Traditional Rental Income: $2904 Airbnb ROI: -1% Traditional ROI: 1.11%
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.	$449,890	Airbnb cash on cash: -1.23% Traditional cash on cash: 4.2% Airbnb Rental Income: $1139 Traditional Rental Income: $3049 Airbnb ROI: -1.23% Traditional ROI: 4.2%
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.	$499,950	Airbnb cash on cash: 0.57% Traditional cash on cash: 4.75% Airbnb Rental Income: $1452 Traditional Rental Income: $2972 Airbnb ROI: 0.57% Traditional ROI: 4.75%
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.	$655,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 2.43% Airbnb Rental Income: $2204 Traditional Rental Income: $2431 Airbnb ROI: 1.15% Traditional ROI: 2.43%
914 S Farmer Ave Tempe, AZ Fantastic investor opportunity in one of the most desirable areas of Tempe! This property...	2 beds \| 1 baths \| 590 sq.ft.	$1,395,000	Airbnb cash on cash: -0.31% Traditional cash on cash: -0.11% Airbnb Rental Income: $1520 Traditional Rental Income: $1332 Airbnb ROI: -0.31% Traditional ROI: -0.11%
850 S River Dr #1044 Tempe, AZ Welcome to the highly desirable Questa Vida Condominiums in the heart of Tempe! Prime loca...	2 beds \| 2 baths \| 1,128 sq.ft.	$260,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 4.38% Airbnb Rental Income: $1204 Traditional Rental Income: $1811 Airbnb ROI: 0.32% Traditional ROI: 4.38%
6405 S EL Camino Dr Tempe, AZ Welcome to this beautifully maintained, move-in ready townhouse offering the perfect blend...	3 beds \| 2 baths \| 1,452 sq.ft.	$315,000	Airbnb cash on cash: 2.52% Traditional cash on cash: 5.04% Airbnb Rental Income: $2067 Traditional Rental Income: $2280 Airbnb ROI: 2.52% Traditional ROI: 5.04%
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: 0.24% Traditional cash on cash: 4.23% Airbnb Rental Income: $1204 Traditional Rental Income: $1808 Airbnb ROI: 0.24% 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.	$444,995	Airbnb cash on cash: -0.56% Traditional cash on cash: 2.46% Airbnb Rental Income: $1442 Traditional Rental Income: $2273 Airbnb ROI: -0.56% Traditional ROI: 2.46%
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: -2.02% Traditional cash on cash: -0.79% Airbnb Rental Income: $1912 Traditional Rental Income: $6108 Airbnb ROI: -2.02% Traditional ROI: -0.79%
154 W 5th St #227 Tempe, AZ Looking for the biggest Unit in Hayden Square (only 7 of these in whole complex)...Here it...	3 beds \| 2 baths \| 1,403 sq.ft.	$549,900	Airbnb cash on cash: -0.87% Traditional cash on cash: 1.87% Airbnb Rental Income: $1139 Traditional Rental Income: $2167 Airbnb ROI: -0.87% Traditional ROI: 1.87%
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%
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.	$401,500	Airbnb cash on cash: -0.32% Traditional cash on cash: 2.97% Airbnb Rental Income: $1204 Traditional Rental Income: $2052 Airbnb ROI: -0.32% Traditional ROI: 2.97%
1005 E 8TH Street #1008 Tempe, AZ Welcome to this beautifully updated 3-bedroom, 2-bath 1209 SF ground floor end unit in the...	3 beds \| 2 baths \| 1,209 sq.ft.	$400,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 3.92% Airbnb Rental Income: $1134 Traditional Rental Income: $2360 Airbnb ROI: -0.36% Traditional ROI: 3.92%
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: 0.51% Traditional cash on cash: 3.22% Airbnb Rental Income: $1450 Traditional Rental Income: $2010 Airbnb ROI: 0.51% Traditional ROI: 3.22%
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.	$699,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 2.85% Airbnb Rental Income: $2911 Traditional Rental Income: $2858 Airbnb ROI: 1.9% Traditional ROI: 2.85%
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.	$549,900	Airbnb cash on cash: 0.96% Traditional cash on cash: 3.69% Airbnb Rental Income: $1772 Traditional Rental Income: $2691 Airbnb ROI: 0.96% Traditional ROI: 3.69%
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.	$574,900	Airbnb cash on cash: 0.84% Traditional cash on cash: 4.32% Airbnb Rental Income: $1765 Traditional Rental Income: $3151 Airbnb ROI: 0.84% Traditional ROI: 4.32%
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: -0.63% Traditional cash on cash: 2.15% Airbnb Rental Income: $1139 Traditional Rental Income: $1967 Airbnb ROI: -0.63% Traditional ROI: 2.15%
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.	$449,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 4.32% Airbnb Rental Income: $1948 Traditional Rental Income: $2458 Airbnb ROI: 1.89% Traditional ROI: 4.32%
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.	$430,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 4.02% Airbnb Rental Income: $1056 Traditional Rental Income: $2264 Airbnb ROI: 0.12% Traditional ROI: 4.02%
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: -3.82% Traditional cash on cash: 1.76% Airbnb Rental Income: $600 Traditional Rental Income: $2731 Airbnb ROI: -3.82% 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: 1.31% Traditional cash on cash: 4.08% Airbnb Rental Income: $1990 Traditional Rental Income: $2828 Airbnb ROI: 1.31% 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: 0.2% Traditional cash on cash: 3.41% Airbnb Rental Income: $1145 Traditional Rental Income: $2260 Airbnb ROI: 0.2% 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.	$259,940	Airbnb cash on cash: 1.82% Traditional cash on cash: 5.02% Airbnb Rental Income: $1646 Traditional Rental Income: $1967 Airbnb ROI: 1.82% Traditional ROI: 5.02%
318 S Terry Cir Tempe, AZ Fully Owned solar, save on summer bills! Remodeled and creative. Lots of land to build on ...	3 beds \| 1 baths \| 912 sq.ft.	$410,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.41% Airbnb Rental Income: $1139 Traditional Rental Income: $1883 Airbnb ROI: 0.49% Traditional ROI: 3.41%
3918 S Willow Dr Tempe, AZ Set at the end of a quiet cul-de-sac in Tempe, this single-level home offers a level of pr...	3 beds \| 2 baths \| 1,832 sq.ft.	$549,800	Airbnb cash on cash: 1.08% Traditional cash on cash: 4.64% Airbnb Rental Income: $1884 Traditional Rental Income: $3208 Airbnb ROI: 1.08% Traditional ROI: 4.64%
2134 E Broadway Rd #1042 Tempe, AZ Welcome to this gem of a gated community in Villa Real with close proximity to ASU and Lo...	2 beds \| 2 baths \| 1,083 sq.ft.	$299,900	Airbnb cash on cash: -0.32% Traditional cash on cash: 3.47% Airbnb Rental Income: $1038 Traditional Rental Income: $1745 Airbnb ROI: -0.32% Traditional ROI: 3.47%
641 S Roosevelt St Tempe, AZ Darling Townhome in Hyde Park. This community is quiet and filled with professionals of a...	2 beds \| 2 baths \| 1,962 sq.ft.	$615,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 1.83% Airbnb Rental Income: $1442 Traditional Rental Income: $2386 Airbnb ROI: -0.57% Traditional ROI: 1.83%

Real Estate investment in Tempe, AZ

There are 524 properties for sale in the city of Tempe . The median list price in Tempe is $491,950 and the average price per square foot is $294. In May 2026, the average monthly cash on cash return in Tempe is 3.00%. The average monthly rental income in Tempe is $2,273.

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

There are 524 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 $2,273.

Your search for investment property begins and ends here

Investment Property for Sale in Tempe, AZ

8863 S Grandview Dr

Tempe, AZ

2 beds | 3 baths | 2,003 sq.ft.

$670,000

Airbnb cash on cash: -0.56%

Traditional cash on cash: 2.94%

Airbnb Rental Income: $1411

Traditional Rental Income: $3172

Airbnb ROI: -0.56%

Traditional ROI: 2.94%

8850 S Los Feliz Dr

Tempe, AZ

4 beds | 2 baths | 2,696 sq.ft.

$740,000

Airbnb cash on cash: 1.63%

Traditional cash on cash: 3.28%

Airbnb Rental Income: $2911

Traditional Rental Income: $3378

Airbnb ROI: 1.63%

Traditional ROI: 3.28%

1032 E Redfield Rd

Tempe, AZ

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

$279,500

Airbnb cash on cash: 3.26%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $2067

Traditional Rental Income: $2149

Airbnb ROI: 3.26%

Traditional ROI: 5.59%

9623 S Maple Ave

Tempe, AZ

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

$739,900

Airbnb cash on cash: 1.03%

Traditional cash on cash: 3.83%

Airbnb Rental Income: $2532

Traditional Rental Income: $3850

Airbnb ROI: 1.03%

Traditional ROI: 3.83%

154 W 5th St #137

Tempe, AZ

1 beds | 1 baths | 666 sq.ft.

$260,000

Airbnb cash on cash: -1.84%

Traditional cash on cash: 3.51%

Airbnb Rental Income: $600

Traditional Rental Income: $1623

Airbnb ROI: -1.84%

Traditional ROI: 3.51%

1632 E Palmcroft Dr

Tempe, AZ

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

$605,000

Airbnb cash on cash: 0.69%

Traditional cash on cash: 4.46%

Airbnb Rental Income: $1765

Traditional Rental Income: $3412

Airbnb ROI: 0.69%

Traditional ROI: 4.46%

117 W 10th St

Tempe, AZ

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

$645,000

Airbnb cash on cash: -1%

Traditional cash on cash: 1.11%

Airbnb Rental Income: $805

Traditional Rental Income: $2904

Airbnb ROI: -1%

Traditional ROI: 1.11%

1081 W 1st St #10

Tempe, AZ

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

$449,890

Airbnb cash on cash: -1.23%

Traditional cash on cash: 4.2%

Airbnb Rental Income: $1139

Traditional Rental Income: $3049

Airbnb ROI: -1.23%