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.

Townhouses for Sale in Tempe, AZ

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

Showing 179 Townhouse 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
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: 3.61% Traditional cash on cash: 5.62% Airbnb Rental Income: $2173 Traditional Rental Income: $2149 Airbnb ROI: 3.61% Traditional ROI: 5.62%
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: -1.19% Traditional cash on cash: 1.87% Airbnb Rental Income: $1362 Traditional Rental Income: $3086 Airbnb ROI: -1.19% Traditional ROI: 1.87%
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: 0.08% Traditional cash on cash: 3.01% Airbnb Rental Income: $1597 Traditional Rental Income: $2904 Airbnb ROI: 0.08% Traditional ROI: 3.01%
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: -0.94% Traditional cash on cash: 4.45% Airbnb Rental Income: $1283 Traditional Rental Income: $3049 Airbnb ROI: -0.94% Traditional ROI: 4.45%
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.	$419,995	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.67% Airbnb Rental Income: $1442 Traditional Rental Income: $2273 Airbnb ROI: -0.54% Traditional ROI: 2.67%
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.	$459,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 2.53% Airbnb Rental Income: $1297 Traditional Rental Income: $2173 Airbnb ROI: -0.45% Traditional ROI: 2.53%
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: -1.01% Traditional cash on cash: 1.56% Airbnb Rental Income: $1297 Traditional Rental Income: $2216 Airbnb ROI: -1.01% Traditional ROI: 1.56%
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.	$401,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.97% Airbnb Rental Income: $1107 Traditional Rental Income: $2052 Airbnb ROI: -0.54% Traditional ROI: 2.97%
6776 S Wilson St Tempe, AZ Charming 2-bedroom home at Brittany Lane! Enjoy the convenience of a spacious 2-car garage...	2 beds \| 2 baths \| 1,073 sq.ft.	$374,500	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.82% Airbnb Rental Income: $1331 Traditional Rental Income: $2126 Airbnb ROI: 0.39% Traditional ROI: 3.82%
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.	$449,900	Airbnb cash on cash: -0.33% Traditional cash on cash: 2.25% Airbnb Rental Income: $1283 Traditional Rental Income: $1967 Airbnb ROI: -0.33% Traditional ROI: 2.25%
2031 E Cairo Dr Tempe, AZ This Tempe two-story offers and a two-car garage. Upgraded features include fresh interior...	3 beds \| 2 baths \| 1,759 sq.ft.	$459,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 4.62% Airbnb Rental Income: $2018 Traditional Rental Income: $2672 Airbnb ROI: 1.88% Traditional ROI: 4.62%
911 S CASITAS Drive #C Tempe, AZ Spacious true3 bedroom 2 bath, with tile floors throughout and vaulted ceilings. Renovated...	3 beds \| 2 baths \| 1,144 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.61% Airbnb Rental Income: $null Traditional Rental Income: $2218 Airbnb ROI: N/A Traditional ROI: 5.61%
1927 E DUKE Drive Tempe, AZ Walk into the beautifully remodeled 2 story TH that was transformed last year. Enter throu...	3 beds \| 3 baths \| 1,750 sq.ft.	$364,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 5.81% Airbnb Rental Income: $1993 Traditional Rental Income: $2816 Airbnb ROI: 1.88% Traditional ROI: 5.81%
1843 E Sarah Ln Tempe, AZ Here's your chance at an ULTRA rare property in Alta Mirada. These properties rarely go o...	3 beds \| 2 baths \| 1,618 sq.ft.	$475,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 3.32% Airbnb Rental Income: $2241 Traditional Rental Income: $2413 Airbnb ROI: 1.66% Traditional ROI: 3.32%
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.	$600,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 1.9% Airbnb Rental Income: $1297 Traditional Rental Income: $2386 Airbnb ROI: -0.77% Traditional ROI: 1.9%
917 S Hacienda Dr Tempe, AZ Move-in ready 2-bedroom, 2-bath townhome in the heart of Tempe featuring new flooring thro...	2 beds \| 2 baths \| 1,036 sq.ft.	$263,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.71% Airbnb Rental Income: $null Traditional Rental Income: $1919 Airbnb ROI: N/A Traditional ROI: 4.71%
4901 S Calle Los Cerros Dr #225 Tempe, AZ Fantastic location in this quiet GATED community - Just remodeled 2 bed/1 bath Condo (1 Ca...	2 beds \| 1 baths \| 812 sq.ft.	$255,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 4.12% Airbnb Rental Income: $1297 Traditional Rental Income: $1749 Airbnb ROI: 0.56% Traditional ROI: 4.12%
1732 E Baker Dr Tempe, AZ UP TO $17,500 IN GRANT FUNDS AVAILABLE! Ask how qualifying buyers can receive assistance t...	3 beds \| 2 baths \| 1,656 sq.ft.	$329,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 5.63% Airbnb Rental Income: $1993 Traditional Rental Income: $2542 Airbnb ROI: 2.17% Traditional ROI: 5.63%
2333 E Southern Ave #1039 Tempe, AZ PRISTINE move in ready single story/end unit condo, 2 bed & 2 bath with attached garage. B...	2 beds \| 2 baths \| 999 sq.ft.	$274,999	Airbnb cash on cash: -0.04% Traditional cash on cash: 3.6% Airbnb Rental Income: $1150 Traditional Rental Income: $1713 Airbnb ROI: -0.04% Traditional ROI: 3.6%
1418 W LA Jolla Dr Tempe, AZ Move-in ready Tempe townhome in an unbeatable location! Recent updates include fresh inter...	3 beds \| 2 baths \| 1,223 sq.ft.	$309,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 4.53% Airbnb Rental Income: $1480 Traditional Rental Income: $2124 Airbnb ROI: 0.82% Traditional ROI: 4.53%
1006 E Redfield Rd Tempe, AZ JUST REMODELED! 2 bedroom and 1 bath town house in the middle of Tempe near Canal Trail Pa...	2 beds \| 1 baths \| 792 sq.ft.	$255,000	Airbnb cash on cash: 2.69% Traditional cash on cash: 3.23% Airbnb Rental Income: $1784 Traditional Rental Income: $1427 Airbnb ROI: 2.69% Traditional ROI: 3.23%
637 S Roosevelt St Tempe, AZ 1% FLEX CREDIT TO BE APPLIED TOWARDS CLOSING COSTS OR RATE BUYDOWN, OFFERED BY PREFERRED L...	2 beds \| 2 baths \| 1,220 sq.ft.	$450,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 3.28% Airbnb Rental Income: $1297 Traditional Rental Income: $2390 Airbnb ROI: -0.27% Traditional ROI: 3.28%
6411 S River Dr #1 Tempe, AZ Superbly updated home in the Cottonwoods with an inviting courtyard entry. Largest single ...	2 beds \| 2 baths \| 2,503 sq.ft.	$599,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 2.4% Airbnb Rental Income: $1500 Traditional Rental Income: $2679 Airbnb ROI: -0.49% Traditional ROI: 2.4%
1300 W 5th St #1007 Tempe, AZ Rare find! Contemporary townhome in the heart of Tempe. Floor-to-ceiling windows, skylight...	2 beds \| 2 baths \| 1,531 sq.ft.	$550,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 2.48% Airbnb Rental Income: $1442 Traditional Rental Income: $2503 Airbnb ROI: -0.42% Traditional ROI: 2.48%
431 W 9th St Tempe, AZ CORNER LOT Only 1 of 2 left in this intimate, upscale community! Location, location, loc...	3 beds \| 2 baths \| 1,850 sq.ft.	$625,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 2.18% Airbnb Rental Income: $1261 Traditional Rental Income: $2558 Airbnb ROI: -0.73% Traditional ROI: 2.18%
328 W Lodge Dr Tempe, AZ Prime highly sought after Tempe location in beautiful tree lined desired Brittany Lane Com...	2 beds \| 2 baths \| 1,070 sq.ft.	$350,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 3.25% Airbnb Rental Income: $1331 Traditional Rental Income: $1820 Airbnb ROI: 0.51% Traditional ROI: 3.25%
14 E Hermosa Dr Tempe, AZ Back on the market, priced well under comps! Hard to find ...a REMODELED centrally located...	4 beds \| 2 baths \| 1,408 sq.ft.	$332,800	Airbnb cash on cash: 2.02% Traditional cash on cash: 5.93% Airbnb Rental Income: $1979 Traditional Rental Income: $2683 Airbnb ROI: 2.02% Traditional ROI: 5.93%
920 S Ash Ave Tempe, AZ Welcome to Sienna Court Lofts! Designed by Hondorp DesignStudio, this detached contemporar...	1 beds \| 1 baths \| 1,160 sq.ft.	$550,000	Airbnb cash on cash: -1.1% Traditional cash on cash: 2.17% Airbnb Rental Income: $958 Traditional Rental Income: $2289 Airbnb ROI: -1.1% Traditional ROI: 2.17%
5400 S Hardy Dr #113 Tempe, AZ Welcome to this charming 2BD/2.5BA townhome tucked inside a gated Tempe community just min...	2 beds \| 2 baths \| 1,217 sq.ft.	$365,000	Airbnb cash on cash: -0.78% Traditional cash on cash: 3.67% Airbnb Rental Income: $997 Traditional Rental Income: $2167 Airbnb ROI: -0.78% Traditional ROI: 3.67%
305 S Wilson St #108 Tempe, AZ FANTASTIC LOCATION AND IN GREAT CONDITION!!! NEAR-ASU CAMPUS & STADIUM, MILL AVE SHOPPING...	3 beds \| 3 baths \| 1,595 sq.ft.	$545,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 1.76% Airbnb Rental Income: $1362 Traditional Rental Income: $2092 Airbnb ROI: -0.49% Traditional ROI: 1.76%
1733 E Ellis Dr Tempe, AZ Beautifully renovated 2 Bed/2 Bath townhome offers comfort, charm, & an unbeatable central...	2 beds \| 2 baths \| 1,320 sq.ft.	$329,900	Airbnb cash on cash: 2.09% Traditional cash on cash: 4.79% Airbnb Rental Income: $1941 Traditional Rental Income: $2267 Airbnb ROI: 2.09% Traditional ROI: 4.79%
2090 S DORSEY Lane #1030 Tempe, AZ Welcome to this stunning modern condo located in a gated community, built in 2017 and desi...	4 beds \| 4 baths \| 1,779 sq.ft.	$549,900	Airbnb cash on cash: -0.26% Traditional cash on cash: 3.33% Airbnb Rental Income: $1439 Traditional Rental Income: $2854 Airbnb ROI: -0.26% Traditional ROI: 3.33%
409 E Woodman Dr Tempe, AZ A must see! This beautiful townhome offers golf course views and a private backyard. As yo...	3 beds \| 2 baths \| 1,452 sq.ft.	$299,900	Airbnb cash on cash: 2.99% Traditional cash on cash: 5.72% Airbnb Rental Income: $2173 Traditional Rental Income: $2392 Airbnb ROI: 2.99% Traditional ROI: 5.72%
2134 E Broadway Rd #1039 Tempe, AZ Move-in ready 3-bedroom, 2-bath townhouse in Tempe, Arizona with direct private garage acc...	3 beds \| 2 baths \| 1,282 sq.ft.	$324,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 4.57% Airbnb Rental Income: $1411 Traditional Rental Income: $2324 Airbnb ROI: 0.18% Traditional ROI: 4.57%
1714 W VILLAGE Way Tempe, AZ Welcome to 1714 W Village Way, a beautifully updated one of Tempe's most desirable locatio...	3 beds \| 2 baths \| 1,152 sq.ft.	$265,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 4.47% Airbnb Rental Income: $1480 Traditional Rental Income: $1939 Airbnb ROI: 0.89% Traditional ROI: 4.47%
371 W Lodge Dr Tempe, AZ The search is finally over! This 2-bedroom townhome greets you with a 2-car garage and a m...	2 beds \| 2 baths \| 1,174 sq.ft.	$379,500	Airbnb cash on cash: 0.35% Traditional cash on cash: 4.03% Airbnb Rental Income: $1331 Traditional Rental Income: $2231 Airbnb ROI: 0.35% Traditional ROI: 4.03%
1042 S MARIANA Street #4 Tempe, AZ UNICORN ALERT! This fantastic townhome is located in the heart of downtown Tempe and the A...	2 beds \| 2 baths \| 1,016 sq.ft.	$289,900	Airbnb cash on cash: 0.14% Traditional cash on cash: 4.81% Airbnb Rental Income: $1066 Traditional Rental Income: $1975 Airbnb ROI: 0.14% Traditional ROI: 4.81%
122 S Hardy Dr #8 Tempe, AZ welcome to your new 2 BD 1.5BTH cozy townhome features large closets, nice upstairs balcon...	2 beds \| 1 baths \| 1,120 sq.ft.	$280,000	Airbnb cash on cash: 1.08% Traditional cash on cash: 3.19% Airbnb Rental Income: $1442 Traditional Rental Income: $1569 Airbnb ROI: 1.08% Traditional ROI: 3.19%

Your search for investment property begins and ends here

Townhouses for Sale in Tempe, AZ

1032 E Redfield Rd

Tempe, AZ

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

$278,500

Airbnb cash on cash: 3.61%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $2173

Traditional Rental Income: $2149

Airbnb ROI: 3.61%

Traditional ROI: 5.62%

421 W 6th St #1008

Tempe, AZ

3 beds | 3 baths | 2,270 sq.ft.

$750,000

Airbnb cash on cash: -1.19%

Traditional cash on cash: 1.87%

Airbnb Rental Income: $1362

Traditional Rental Income: $3086

Airbnb ROI: -1.19%

Traditional ROI: 1.87%

117 W 10th St

Tempe, AZ

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

$645,000

Airbnb cash on cash: 0.08%

Traditional cash on cash: 3.01%

Airbnb Rental Income: $1597

Traditional Rental Income: $2904

Airbnb ROI: 0.08%

Traditional ROI: 3.01%

1081 W 1st St #10

Tempe, AZ

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

$429,000

Airbnb cash on cash: -0.94%

Traditional cash on cash: 4.45%

Airbnb Rental Income: $1283

Traditional Rental Income: $3049

Airbnb ROI: -0.94%

Traditional ROI: 4.45%

1081 W 1st St #16

Tempe, AZ

2 beds | 2 baths | 1,590 sq.ft.

$419,995

Airbnb cash on cash: -0.54%

Traditional cash on cash: 2.67%

Airbnb Rental Income: $1442

Traditional Rental Income: $2273

Airbnb ROI: -0.54%

Traditional ROI: 2.67%

570 W 6th St

Tempe, AZ

2 beds | 2 baths | 1,536 sq.ft.

$459,000

Airbnb cash on cash: -0.45%

Traditional cash on cash: 2.53%

Airbnb Rental Income: $1297

Traditional Rental Income: $2173

Airbnb ROI: -0.45%

Traditional ROI: 2.53%

525 W Lakeside Dr #124

Tempe, AZ

2 beds | 2 baths | 1,557 sq.ft.

$550,000

Airbnb cash on cash: -1.01%

Traditional cash on cash: 1.56%

Airbnb Rental Income: $1297

Traditional Rental Income: $2216

Airbnb ROI: -1.01%

Traditional ROI: 1.56%

1527 S River Dr

Tempe, AZ

2 beds | 2 baths | 1,080 sq.ft.

$401,000

Airbnb cash on cash: -0.54%

Traditional cash on cash: 2.97%

Airbnb Rental Income: $1107

Traditional Rental Income: $2052

Airbnb ROI: -0.54%