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.

Multi Family for Sale in Tempe, AZ

Search for Multi Family for Sale in Tempe, Arizona. Browse all of Mashvisor’s Multi Family listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 21 Multi Family listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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 \| 4,000 sq.ft.	$2,595,000	Airbnb cash on cash: -0.73% Traditional cash on cash: -0.09% Airbnb Rental Income: $1877 Traditional Rental Income: $2904 Airbnb ROI: -0.73% Traditional ROI: -0.09%
1224 S Smith Rd Tempe, AZ Fully occupied 4plex, in heart of Tempe, located walking distance from Smith/Apache Light ...	N/A beds \| N/A baths \| 2,576 sq.ft.	$1,075,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 0.83% Airbnb Rental Income: $2118 Traditional Rental Income: $2057 Airbnb ROI: 0.35% Traditional ROI: 0.83%
914 S Kenwood Cir Tempe, AZ Don't miss this complete rebuild! New plumbing from water to sewer, new electric, new fram...	4 beds \| N/A baths \| 2,172 sq.ft.	$999,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.31% Airbnb Rental Income: $2118 Traditional Rental Income: $4230 Airbnb ROI: 0.45% Traditional ROI: 3.31%
522 W Howe St Tempe, AZ TWO DUPLEX BUILDINGS. ALL 4 UNITS ARE 1-BEDROOM, 1-BATH. INVESTMENT OPPORTUNITY CLOSE TO ...	N/A beds \| N/A baths \| 1,916 sq.ft.	$1,000,000	Airbnb cash on cash: 0.67% Traditional cash on cash: -0.07% Airbnb Rental Income: $2390 Traditional Rental Income: $1115 Airbnb ROI: 0.67% Traditional ROI: -0.07%
1234 S Farmer Ave Tempe, AZ Incredible triplex in the heart of downtown Tempe-just a stone's throw from ASU! This well...	N/A beds \| N/A baths \| N/A	$949,995	Airbnb cash on cash: -0.36% Traditional cash on cash: -0.3% Airbnb Rental Income: $1232 Traditional Rental Income: $898 Airbnb ROI: -0.36% Traditional ROI: -0.3%
1145 W Southern Ave Tempe, AZ DO NOT DISTURB TENANTS. BRAND NEW ROOF FEB 2026! Exceptional opportunity to acquire a high...	N/A beds \| N/A baths \| 3,000 sq.ft.	$940,000	Airbnb cash on cash: -0.4% Traditional cash on cash: -0.01% Airbnb Rental Income: $1278 Traditional Rental Income: $1214 Airbnb ROI: -0.4% Traditional ROI: -0.01%
1218 S Farmer Ave Tempe, AZ	7 beds \| N/A baths \| 6,250 sq.ft.	$1,675,000	Airbnb cash on cash: -1.18% Traditional cash on cash: -0.31% Airbnb Rental Income: $1232 Traditional Rental Income: $2193 Airbnb ROI: -1.18% Traditional ROI: -0.31%
1002 S Mariana St Tempe, AZ 1002 S Mariana St, Tempe, AZ 85281 \| Multi Family	N/A beds \| N/A baths \| N/A	$730,000	Airbnb cash on cash: 1.03% Traditional cash on cash: -0.5% Airbnb Rental Income: $2535 Traditional Rental Income: $879 Airbnb ROI: 1.03% Traditional ROI: -0.5%
1229 E Spence Ave Tempe, AZ Rare opportunity to purchase a R-4 (High Density) zoned multi family land and homes with f...	N/A beds \| N/A baths \| N/A	$1,450,000	Airbnb cash on cash: -0.54% Traditional cash on cash: -0.5% Airbnb Rental Income: $1235 Traditional Rental Income: $904 Airbnb ROI: -0.54% Traditional ROI: -0.5%
1101 S Farmer Ave Tempe, AZ 1101 S Farmer Ave, Tempe, AZ 85281 \| Multi Family	8 beds \| N/A baths \| 17,496 sq.ft.	$995,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 0.51% Airbnb Rental Income: $2963 Traditional Rental Income: $2101 Airbnb ROI: 0.71% Traditional ROI: 0.51%
3673 S Roosevelt St Tempe, AZ 3673 S Roosevelt St, Tempe, AZ 85282 \| Multi Family	7 beds \| N/A baths \| 4,300 sq.ft.	$799,900	Airbnb cash on cash: -0.11% Traditional cash on cash: 1.05% Airbnb Rental Income: $1827 Traditional Rental Income: $2272 Airbnb ROI: -0.11% Traditional ROI: 1.05%
1231 N Oleander St Tempe, AZ 1231 N Oleander St, Tempe, AZ 85288 \| Multi Family	9 beds \| N/A baths \| 1,896 sq.ft.	$1,295,000	Airbnb cash on cash: -0.01% Traditional cash on cash: -0.19% Airbnb Rental Income: $2719 Traditional Rental Income: $1854 Airbnb ROI: -0.01% Traditional ROI: -0.19%
1224 S Maple Ave #A,B,C Tempe, AZ Three separate detached units on the lot, LOCATION, LOCATION, LOCATION! Unique opportunity...	N/A beds \| N/A baths \| N/A	$1,099,000	Airbnb cash on cash: -0.82% Traditional cash on cash: 0.08% Airbnb Rental Income: $1232 Traditional Rental Income: $1760 Airbnb ROI: -0.82% Traditional ROI: 0.08%
510 W University Dr #118 Tempe, AZ Bulk sale of 8 condos. No individual unit sales Building A units 101, 103, 201, 203 Buildi...	2 beds \| N/A baths \| N/A	$1,200,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 0.63% Airbnb Rental Income: $1954 Traditional Rental Income: $2075 Airbnb ROI: 0.06% Traditional ROI: 0.63%
1253 W Southern Ave Tempe, AZ INCREDIBLE INVESTOR OPPORTUNITY -- RARE 4-PLEX IN TEMPE WITH A 9.08% CAP RATE! This high-p...	8 beds \| N/A baths \| N/A	$975,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 1.8% Airbnb Rental Income: $2477 Traditional Rental Income: $2885 Airbnb ROI: 0.69% Traditional ROI: 1.8%
528 W La Jolla Dr Tempe, AZ 528 W La Jolla Dr, Tempe, AZ 85282 \| Multi Family	7 beds \| N/A baths \| 2,750 sq.ft.	$1,100,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 1.93% Airbnb Rental Income: $1827 Traditional Rental Income: $3757 Airbnb ROI: -0.44% Traditional ROI: 1.93%
1248 E Harry St Tempe, AZ Turnkey duplex offered as part of a five-unit residential compound across two adjacent par...	N/A beds \| N/A baths \| 1,560 sq.ft.	$700,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 1.21% Airbnb Rental Income: $1751 Traditional Rental Income: $1682 Airbnb ROI: 0.58% Traditional ROI: 1.21%
1244 N Rose St Tempe, AZ Fully renovated 3-unit income property offered as part of a rare five-unit residential com...	N/A beds \| N/A baths \| N/A	$950,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 0.23% Airbnb Rental Income: $1751 Traditional Rental Income: $1322 Airbnb ROI: 0.17% Traditional ROI: 0.23%
508 S Farmer Ave Tempe, AZ PRIME REDEVELOPMENT OPPORTUNITY IN DOWNTOWN TEMPE. SURROUNDED BY A COLLECTION OF HIGH-END ...	N/A beds \| N/A baths \| 4,400 sq.ft.	$1,649,500	Airbnb cash on cash: -0.96% Traditional cash on cash: -0.11% Airbnb Rental Income: $806 Traditional Rental Income: $1797 Airbnb ROI: -0.96% Traditional ROI: -0.11%
401 W 5th St Tempe, AZ PRIME PROPERTY LOCATED WITHIN TEMPE'S TRANSPORTATION OVERLAY DISTRICT. SURROUNDED BY A HIG...	N/A beds \| N/A baths \| 2,200 sq.ft.	$845,000	Airbnb cash on cash: -0.74% Traditional cash on cash: 0.75% Airbnb Rental Income: $806 Traditional Rental Income: $1720 Airbnb ROI: -0.74% Traditional ROI: 0.75%

Your search for investment property begins and ends here

Multi Family for Sale in Tempe, AZ

117 W 10th St

Tempe, AZ

8 beds | N/A baths | 4,000 sq.ft.

$2,595,000

Airbnb cash on cash: -0.73%

Traditional cash on cash: -0.09%

Airbnb Rental Income: $1877

Traditional Rental Income: $2904

Airbnb ROI: -0.73%

Traditional ROI: -0.09%

1224 S Smith Rd

Tempe, AZ

N/A beds | N/A baths | 2,576 sq.ft.

$1,075,000

Airbnb cash on cash: 0.35%

Traditional cash on cash: 0.83%

Airbnb Rental Income: $2118

Traditional Rental Income: $2057

Airbnb ROI: 0.35%

Traditional ROI: 0.83%

914 S Kenwood Cir

Tempe, AZ

4 beds | N/A baths | 2,172 sq.ft.

$999,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 3.31%

Airbnb Rental Income: $2118

Traditional Rental Income: $4230

Airbnb ROI: 0.45%

Traditional ROI: 3.31%

522 W Howe St

Tempe, AZ

N/A beds | N/A baths | 1,916 sq.ft.

$1,000,000

Airbnb cash on cash: 0.67%

Traditional cash on cash: -0.07%

Airbnb Rental Income: $2390

Traditional Rental Income: $1115

Airbnb ROI: 0.67%

Traditional ROI: -0.07%

1234 S Farmer Ave

Tempe, AZ

N/A beds | N/A baths | N/A

$949,995

Airbnb cash on cash: -0.36%

Traditional cash on cash: -0.3%

Airbnb Rental Income: $1232

Traditional Rental Income: $898

Airbnb ROI: -0.36%

Traditional ROI: -0.3%

1145 W Southern Ave

Tempe, AZ

N/A beds | N/A baths | 3,000 sq.ft.

$940,000

Airbnb cash on cash: -0.4%

Traditional cash on cash: -0.01%

Airbnb Rental Income: $1278

Traditional Rental Income: $1214

Airbnb ROI: -0.4%

Traditional ROI: -0.01%

1218 S Farmer Ave

Tempe, AZ

7 beds | N/A baths | 6,250 sq.ft.

$1,675,000

Airbnb cash on cash: -1.18%

Traditional cash on cash: -0.31%

Airbnb Rental Income: $1232

Traditional Rental Income: $2193

Airbnb ROI: -1.18%

Traditional ROI: -0.31%

1002 S Mariana St

Tempe, AZ

N/A beds | N/A baths | N/A

$730,000

Airbnb cash on cash: 1.03%

Traditional cash on cash: -0.5%

Airbnb Rental Income: $2535

Traditional Rental Income: $879

Airbnb ROI: 1.03%