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
8228 E Monte Vista Rd Tempe, AZ 8228 E Monte Vista Rd, Tempe, AZ 85257 \| Single Family Residential	4 beds \| 4 baths \| 2,303 sq.ft.	$1,150,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 2.11% Airbnb Rental Income: $2103 Traditional Rental Income: $4117 Airbnb ROI: -0.28% Traditional ROI: 2.11%
2007 E RANCH Road Tempe, AZ This newly completed 6,480 sq ft custom estate in the prestigious Circle G Ranches embodie...	5 beds \| 6 baths \| 6,480 sq.ft.	$7,250,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 0.31% Airbnb Rental Income: $4331 Traditional Rental Income: $9421 Airbnb ROI: -0.58% Traditional ROI: 0.31%
633 W SOUTHERN Avenue #1195 Tempe, AZ Rare opportunity in a community where homes don't often change hands! This stylish 2 bed, ...	2 beds \| 2 baths \| 972 sq.ft.	$317,500	Airbnb cash on cash: 1.99% Traditional cash on cash: 4.32% Airbnb Rental Income: $1827 Traditional Rental Income: $2031 Airbnb ROI: 1.99% Traditional ROI: 4.32%
4819 S TERRY Lane Tempe, AZ Welcome to 4819 S Terry Ln in Tempeâa freshly remodeled 3-bedroom, 2-bath home that's mo...	3 beds \| 2 baths \| 1,353 sq.ft.	$449,999	Airbnb cash on cash: 2.96% Traditional cash on cash: 4.41% Airbnb Rental Income: $2576 Traditional Rental Income: $2569 Airbnb ROI: 2.96% Traditional ROI: 4.41%
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.	$298,000	Airbnb cash on cash: 4.48% Traditional cash on cash: 5.19% Airbnb Rental Income: $2566 Traditional Rental Income: $2149 Airbnb ROI: 4.48% Traditional ROI: 5.19%
1323 E WHALERS Way Tempe, AZ A Must-See in the Highly Sought-After Community of THE LAKES! Located in the heart of...	4 beds \| 5 baths \| 4,024 sq.ft.	$1,450,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 2.98% Airbnb Rental Income: $2707 Traditional Rental Income: $6236 Airbnb ROI: -0.12% Traditional ROI: 2.98%
1427 W AMANDA Lane Tempe, AZ This stunning 4-bedroom property with a 3-car garage combines comfort, style, and space in...	4 beds \| 4 baths \| 2,478 sq.ft.	$820,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 4.39% Airbnb Rental Income: $3127 Traditional Rental Income: $4634 Airbnb ROI: 1.49% Traditional ROI: 4.39%
581 S ROOSEVELT Street Tempe, AZ Updated Tempe townhome with timeless brownstone charm and modern comfort. Fresh interior p...	2 beds \| 3 baths \| 1,220 sq.ft.	$439,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 3.36% Airbnb Rental Income: $1954 Traditional Rental Income: $2368 Airbnb ROI: 1.1% Traditional ROI: 3.36%
1027 S SIESTA Lane Tempe, AZ Stylish, spacious, and fully renovated 4 bed, 2 bath oasis with proven STR performance: Ai...	4 beds \| 2 baths \| 1,912 sq.ft.	$614,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 4.15% Airbnb Rental Income: $2468 Traditional Rental Income: $3217 Airbnb ROI: 1.8% Traditional ROI: 4.15%
1284 W STACEY Lane Tempe, AZ Welcome to this stunning single-level home in the highly sought-after 85284 zip code! Offe...	4 beds \| 2 baths \| 2,720 sq.ft.	$849,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 2.61% Airbnb Rental Income: $3127 Traditional Rental Income: $3390 Airbnb ROI: 1.38% Traditional ROI: 2.61%
5621 S CAPTAIN KIDD Court #D Tempe, AZ BRAND NEW PAINT and CARPET Welcome to this charming 3 bed, 2 bath townhouse in the he...	3 beds \| 3 baths \| 1,290 sq.ft.	$325,000	Airbnb cash on cash: 4% Traditional cash on cash: 5.06% Airbnb Rental Income: $2661 Traditional Rental Income: $2353 Airbnb ROI: 4% Traditional ROI: 5.06%
2035 S ELM Street #226 Tempe, AZ New laminate floors, all new paint, and both bathrooms updated. Conveniently located in th...	2 beds \| 2 baths \| 1,004 sq.ft.	$293,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 4.09% Airbnb Rental Income: $1900 Traditional Rental Income: $1926 Airbnb ROI: 2.17% Traditional ROI: 4.09%
6405 S EL CAMINO Drive Tempe, AZ Beautifully updated 3-bedroom, 2.5-bath townhouse in the heart of Tempe with 1,452 sq ft o...	3 beds \| 3 baths \| 1,452 sq.ft.	$330,000	Airbnb cash on cash: 3.83% Traditional cash on cash: 4.9% Airbnb Rental Income: $2566 Traditional Rental Income: $2280 Airbnb ROI: 3.83% Traditional ROI: 4.9%
1886 E DON CARLOS Avenue #106 Tempe, AZ Adorable and inviting, this 2-bedroom townhome is ready to delight! It comes complete with...	2 beds \| 3 baths \| 1,462 sq.ft.	$385,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.88% Airbnb Rental Income: $1374 Traditional Rental Income: $2219 Airbnb ROI: 0.39% Traditional ROI: 3.88%
2226 S KACHINA Drive Tempe, AZ This beautifully remodeled 3-bedroom, 2-bathroom home offers the perfect blend of comfort,...	3 beds \| 2 baths \| 1,934 sq.ft.	$550,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 4.31% Airbnb Rental Income: $2390 Traditional Rental Income: $3050 Airbnb ROI: 1.88% Traditional ROI: 4.31%
120 E Rio Salado Parkway #402 Tempe, AZ Live your dream life here! You will fall in love with this gorgeous 2 bedroom, 2 bath high...	2 beds \| 2 baths \| 1,495 sq.ft.	$715,000	Airbnb cash on cash: -1.73% Traditional cash on cash: 0.43% Airbnb Rental Income: $1954 Traditional Rental Income: $2882 Airbnb ROI: -1.73% Traditional ROI: 0.43%
151 E Broadway Road #205 Tempe, AZ Location, Location! Just Minutes From ASU - Perfect For Students, Grad Students, Or Even A...	2 beds \| 2 baths \| 1,088 sq.ft.	$269,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 5.09% Airbnb Rental Income: $1648 Traditional Rental Income: $2046 Airbnb ROI: 1.69% Traditional ROI: 5.09%
525 W LAKESIDE Drive #140 Tempe, AZ Hurry to this rare opportunity to live your vacation every day in a charming, resort-style...	2 beds \| 3 baths \| 1,557 sq.ft.	$550,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 2.11% Airbnb Rental Income: $1954 Traditional Rental Income: $2449 Airbnb ROI: 0.15% Traditional ROI: 2.11%
919 W PARKWAY Boulevard Tempe, AZ Ready to create your own HGTV-worthy masterpiece? Welcome to your next adventure in the h...	3 beds \| 2 baths \| 1,274 sq.ft.	$459,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 4.43% Airbnb Rental Income: $1699 Traditional Rental Income: $2567 Airbnb ROI: 1.31% Traditional ROI: 4.43%
1622 E 12TH Street Tempe, AZ This Home has had a lot of Remodeling Done. Big Beautiful Grass Backyard. Newer Roof and N...	3 beds \| 2 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 Parkway #411 Tempe, AZ Experience the ultimate in luxury living at Bridgeview at Hayden Ferry Lakeside. This stun...	1 beds \| 2 baths \| 1,282 sq.ft.	$482,000	Airbnb cash on cash: -2.36% Traditional cash on cash: 1.65% Airbnb Rental Income: $1332 Traditional Rental Income: $2731 Airbnb ROI: -2.36% Traditional ROI: 1.65%
1232 E BAKER Drive Tempe, AZ You'll fall in love with this spacious 3-bed Tempe townhome. Perfect as a starter home or ...	3 beds \| 2 baths \| 1,200 sq.ft.	$330,000	Airbnb cash on cash: 4.08% Traditional cash on cash: 5.01% Airbnb Rental Income: $2568 Traditional Rental Income: $2241 Airbnb ROI: 4.08% Traditional ROI: 5.01%
9011 S DATELAND Drive Tempe, AZ Don't miss this beautifully remodeled single-level charmer in highly sought-after Warner R...	4 beds \| 2 baths \| 2,214 sq.ft.	$699,900	Airbnb cash on cash: 2.04% Traditional cash on cash: 3.23% Airbnb Rental Income: $3127 Traditional Rental Income: $3195 Airbnb ROI: 2.04% Traditional ROI: 3.23%
4410 S GRANDVIEW Avenue Tempe, AZ Beautifully maintained 3-bedroom home in the sought-after Tempe Gardens! Featuring a charm...	3 beds \| 2 baths \| 1,394 sq.ft.	$490,000	Airbnb cash on cash: 2.71% Traditional cash on cash: 4.33% Airbnb Rental Income: $2538 Traditional Rental Income: $2668 Airbnb ROI: 2.71% Traditional ROI: 4.33%
324 E RIVIERA Drive Tempe, AZ Welcome to 324 E Riviera Dr - a spacious 4-bedroom, 2-bath pool home in the heart of Tempe...	4 beds \| 2 baths \| 2,019 sq.ft.	$459,000	Airbnb cash on cash: 4% Traditional cash on cash: 5.83% Airbnb Rental Income: $3221 Traditional Rental Income: $3278 Airbnb ROI: 4% Traditional ROI: 5.83%
8938 S FOREST Avenue Tempe, AZ This updated home is located in the coveted Estates section of the master planned communit...	4 beds \| 3 baths \| 2,813 sq.ft.	$900,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 3.06% Airbnb Rental Income: $2843 Traditional Rental Income: $4018 Airbnb ROI: 0.87% Traditional ROI: 3.06%
5525 E Thomas Rd #M11 Tempe, AZ 5525 E Thomas Rd Unit M11, Phoenix, AZ 85018 is a condo built in 1974. This property was l...	1 beds \| 1 baths \| 796 sq.ft.	$215,000	Airbnb cash on cash: 4.51% Traditional cash on cash: 2.37% Airbnb Rental Income: $2203 Traditional Rental Income: $1211 Airbnb ROI: 4.51% Traditional ROI: 2.37%
1502 E MINTON Drive Tempe, AZ Beautifully updated 4 bed, 2 bath single-level home in desirable Tempe Gardens! Featuring ...	4 beds \| 2 baths \| 2,083 sq.ft.	$550,000	Airbnb cash on cash: 2.27% Traditional cash on cash: 4.74% Airbnb Rental Income: $2603 Traditional Rental Income: $3251 Airbnb ROI: 2.27% Traditional ROI: 4.74%
1905 E Gemini Drive Tempe, AZ Welcome to 1905 E. Gemini Drive, nestled in the heart of South Tempe in Optimist Park! Thi...	4 beds \| 2 baths \| 1,953 sq.ft.	$575,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 4.16% Airbnb Rental Income: $2983 Traditional Rental Income: $3095 Airbnb ROI: 2.68% Traditional ROI: 4.16%
3527 S OAK Street Tempe, AZ Welcome to your private retreat on HUGE Corner lot in the heart of Tempe 85282 zip code wi...	3 beds \| 2 baths \| 2,172 sq.ft.	$559,900	Airbnb cash on cash: 2.16% Traditional cash on cash: 4.62% Airbnb Rental Income: $2589 Traditional Rental Income: $3259 Airbnb ROI: 2.16% Traditional ROI: 4.62%
616 S HARDY Drive #201 Tempe, AZ Two bedroom and two bathroom condo for sale near ASU! Second floor corner unit and close t...	2 beds \| 2 baths \| 779 sq.ft.	$279,000	Airbnb cash on cash: 2.81% Traditional cash on cash: 4% Airbnb Rental Income: $1987 Traditional Rental Income: $1779 Airbnb ROI: 2.81% Traditional ROI: 4%
1065 W 1ST Street #106 Tempe, AZ This home has been meticulously maintained & is ideally situated within this community. En...	2 beds \| 2 baths \| 751 sq.ft.	$225,000	Airbnb cash on cash: 3.27% Traditional cash on cash: 4.78% Airbnb Rental Income: $1987 Traditional Rental Income: $1788 Airbnb ROI: 3.27% Traditional ROI: 4.78%
307 W SANTA CRUZ Drive Tempe, AZ You'll love this charming, well-maintained home with POOL on a prime corner lot! Offering ...	3 beds \| 2 baths \| 1,538 sq.ft.	$474,999	Airbnb cash on cash: 2.63% Traditional cash on cash: 4.48% Airbnb Rental Income: $2454 Traditional Rental Income: $2678 Airbnb ROI: 2.63% Traditional ROI: 4.48%
2333 E SOUTHERN Avenue #2050 Tempe, AZ Don't miss your opportunity to own this charming Tempe gem, ideally situated on a rare cor...	2 beds \| 2 baths \| 1,090 sq.ft.	$265,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 5.37% Airbnb Rental Income: $1573 Traditional Rental Income: $2055 Airbnb ROI: 1.64% Traditional ROI: 5.37%
14 E HERMOSA Drive Tempe, AZ Rare 4 bed townhouse for under $350K! Updated 4 bed, 2.5 baths and conveniently located ju...	4 beds \| 3 baths \| 1,408 sq.ft.	$339,000	Airbnb cash on cash: 5.24% Traditional cash on cash: 5.83% Airbnb Rental Income: $3221 Traditional Rental Income: $2683 Airbnb ROI: 5.24% Traditional ROI: 5.83%
1874 E GENEVA Drive Tempe, AZ SUPER CENTRAL LOCATION IN TEMPE NEAR SOUTHERN & MCCLINTOCK. BIG POOL! BEAUTIFUL and HIGHLY...	4 beds \| 2 baths \| 2,336 sq.ft.	$549,950	Airbnb cash on cash: 2.58% Traditional cash on cash: 5.19% Airbnb Rental Income: $2814 Traditional Rental Income: $3496 Airbnb ROI: 2.58% Traditional ROI: 5.19%
5918 S PARKSIDE Drive Tempe, AZ Step into this charming, well-kept single-level home in Tempe's Wood Park Village! Bright ...	2 beds \| 1 baths \| 910 sq.ft.	$364,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 3.5% Airbnb Rental Income: $1754 Traditional Rental Income: $1747 Airbnb ROI: 2.12% Traditional ROI: 3.5%
1644 E BROADMOR Drive Tempe, AZ Beautifully Remodeled Home in Prime Tempe Location! For sale or for rent!!! Welcome to ...	3 beds \| 2 baths \| 1,629 sq.ft.	$529,900	Airbnb cash on cash: 2.01% Traditional cash on cash: 3.9% Airbnb Rental Income: $2390 Traditional Rental Income: $2739 Airbnb ROI: 2.01% Traditional ROI: 3.9%
2110 S MILL Avenue Tempe, AZ Architecturally Unique Estate in the Heart of Tempe. This private original Tempe ranch hom...	4 beds \| 3 baths \| 2,685 sq.ft.	$869,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.8% Airbnb Rental Income: $2549 Traditional Rental Income: $4516 Airbnb ROI: 0.61% Traditional ROI: 3.8%
2022 E BISHOP Drive Tempe, AZ Discover the alluring charm of this Mid-Century Modern/Spanish Revival retreat in Tempe, A...	3 beds \| 2 baths \| 1,875 sq.ft.	$725,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 3.01% Airbnb Rental Income: $2555 Traditional Rental Income: $3072 Airbnb ROI: 1.34% Traditional ROI: 3.01%

Real Estate investment in Tempe, AZ

There are 443 properties for sale in the city of Tempe . The median list price in Tempe is $499,000 and the average price per square foot is $282. In December 2025, the average monthly cash on cash return in Tempe is 3.00%. The average monthly rental income in Tempe is $2,238.

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

There are 443 investment properties available for sale in Tempe.

In 2025, 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 $2,238.

Your search for investment property begins and ends here

Investment Property for Sale in Tempe, AZ

8228 E Monte Vista Rd

Tempe, AZ

4 beds | 4 baths | 2,303 sq.ft.

$1,150,000

Airbnb cash on cash: -0.28%

Traditional cash on cash: 2.11%

Airbnb Rental Income: $2103

Traditional Rental Income: $4117

Airbnb ROI: -0.28%

Traditional ROI: 2.11%

2007 E RANCH Road

Tempe, AZ

5 beds | 6 baths | 6,480 sq.ft.

$7,250,000

Airbnb cash on cash: -0.58%

Traditional cash on cash: 0.31%

Airbnb Rental Income: $4331

Traditional Rental Income: $9421

Airbnb ROI: -0.58%

Traditional ROI: 0.31%

633 W SOUTHERN Avenue #1195

Tempe, AZ

2 beds | 2 baths | 972 sq.ft.

$317,500

Airbnb cash on cash: 1.99%

Traditional cash on cash: 4.32%

Airbnb Rental Income: $1827

Traditional Rental Income: $2031

Airbnb ROI: 1.99%

Traditional ROI: 4.32%

4819 S TERRY Lane

Tempe, AZ

3 beds | 2 baths | 1,353 sq.ft.

$449,999

Airbnb cash on cash: 2.96%

Traditional cash on cash: 4.41%

Airbnb Rental Income: $2576

Traditional Rental Income: $2569

Airbnb ROI: 2.96%

Traditional ROI: 4.41%

1032 E REDFIELD Road

Tempe, AZ

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

$298,000

Airbnb cash on cash: 4.48%

Traditional cash on cash: 5.19%

Airbnb Rental Income: $2566

Traditional Rental Income: $2149

Airbnb ROI: 4.48%

Traditional ROI: 5.19%

1323 E WHALERS Way

Tempe, AZ

4 beds | 5 baths | 4,024 sq.ft.

$1,450,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 2.98%

Airbnb Rental Income: $2707

Traditional Rental Income: $6236

Airbnb ROI: -0.12%

Traditional ROI: 2.98%

1427 W AMANDA Lane

Tempe, AZ

4 beds | 4 baths | 2,478 sq.ft.

$820,000

Airbnb cash on cash: 1.49%

Traditional cash on cash: 4.39%

Airbnb Rental Income: $3127

Traditional Rental Income: $4634

Airbnb ROI: 1.49%

Traditional ROI: 4.39%

581 S ROOSEVELT Street

Tempe, AZ

2 beds | 3 baths | 1,220 sq.ft.

$439,000

Airbnb cash on cash: 1.1%

Traditional cash on cash: 3.36%

Airbnb Rental Income: $1954

Traditional Rental Income: $2368

Airbnb ROI: 1.1%