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 245 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: 3.97% Traditional cash on cash: 5.62% Airbnb Rental Income: $2287 Traditional Rental Income: $2149 Airbnb ROI: 3.97% Traditional ROI: 5.62%
7720 S Heather Dr Tempe, AZ Move-In ready remodeled home in coveted Tempe Royal Palms! 2016 renovations include gorgeo...	3 beds \| 2 baths \| 1,470 sq.ft.	$474,900	Airbnb cash on cash: 1.66% Traditional cash on cash: 2.16% Airbnb Rental Income: $2391 Traditional Rental Income: $2025 Airbnb ROI: 1.66% Traditional ROI: 2.16%
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: -0.84% Traditional cash on cash: 1.87% Airbnb Rental Income: $1662 Traditional Rental Income: $3086 Airbnb ROI: -0.84% 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: -0.13% Traditional cash on cash: 3.01% Airbnb Rental Income: $1442 Traditional Rental Income: $2904 Airbnb ROI: -0.13% 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: 0.01% Traditional cash on cash: 4.45% Airbnb Rental Income: $1742 Traditional Rental Income: $3049 Airbnb ROI: 0.01% Traditional ROI: 4.45%
1041 E Lodge Dr Tempe, AZ Great Townhome centrally located in Tempe! This very well kept, turn key home is close to ...	2 beds \| 1 baths \| 902 sq.ft.	$234,999	Airbnb cash on cash: 5.2% Traditional cash on cash: 3.73% Airbnb Rental Income: $2385 Traditional Rental Income: $1471 Airbnb ROI: 5.2% Traditional ROI: 3.73%
154 W 5th St #122 Tempe, AZ Absolutely gorgeous lower level unit with stainless appliances, wood floor, and French doo...	1 beds \| 1 baths \| 667 sq.ft.	$279,900	Airbnb cash on cash: -0.72% Traditional cash on cash: 1.62% Airbnb Rental Income: $1024 Traditional Rental Income: $1283 Airbnb ROI: -0.72% Traditional ROI: 1.62%
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.	$399,995	Airbnb cash on cash: -0.66% Traditional cash on cash: 2.85% Airbnb Rental Income: $1377 Traditional Rental Income: $2273 Airbnb ROI: -0.66% Traditional ROI: 2.85%
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.	$429,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 2.77% Airbnb Rental Income: $1346 Traditional Rental Income: $2173 Airbnb ROI: -0.32% Traditional ROI: 2.77%
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: -0.93% Traditional cash on cash: 1.56% Airbnb Rental Income: $1346 Traditional Rental Income: $2216 Airbnb ROI: -0.93% Traditional ROI: 1.56%
410 W Laguna Dr Tempe, AZ Owners have put over $40,000 in upgrades/refurbishment since purchase in 2018 including ne...	2 beds \| 2 baths \| 1,014 sq.ft.	$360,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 3.94% Airbnb Rental Income: $1405 Traditional Rental Income: $1924 Airbnb ROI: 1.15% Traditional ROI: 3.94%
1530 S River Dr Tempe, AZ Fantastic opportunity to own this gorgeous 3bed/3bath Townhome in the desirable Las Brisas...	3 beds \| 3 baths \| 1,627 sq.ft.	$409,900	Airbnb cash on cash: 0.85% Traditional cash on cash: 3.92% Airbnb Rental Income: $1803 Traditional Rental Income: $2491 Airbnb ROI: 0.85% Traditional ROI: 3.92%
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: 0.23% Traditional cash on cash: 2.97% Airbnb Rental Income: $1454 Traditional Rental Income: $2052 Airbnb ROI: 0.23% Traditional ROI: 2.97%
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: 2.24% Traditional cash on cash: 4.36% Airbnb Rental Income: $1950 Traditional Rental Income: $2204 Airbnb ROI: 2.24% Traditional ROI: 4.36%
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.	$364,500	Airbnb cash on cash: 0.42% Traditional cash on cash: 3.95% Airbnb Rental Income: $1328 Traditional Rental Income: $2126 Airbnb ROI: 0.42% Traditional ROI: 3.95%
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: 0.58% Traditional cash on cash: 2.25% Airbnb Rental Income: $1742 Traditional Rental Income: $1967 Airbnb ROI: 0.58% 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: 2.37% Traditional cash on cash: 4.62% Airbnb Rental Income: $2269 Traditional Rental Income: $2672 Airbnb ROI: 2.37% 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: 2.18% Traditional cash on cash: 5.61% Airbnb Rental Income: $1803 Traditional Rental Income: $2218 Airbnb ROI: 2.18% 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: 2.43% Traditional cash on cash: 5.81% Airbnb Rental Income: $2218 Traditional Rental Income: $2816 Airbnb ROI: 2.43% 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.	$473,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 3.34% Airbnb Rental Income: $2191 Traditional Rental Income: $2413 Airbnb ROI: 1.58% Traditional ROI: 3.34%
5205 S Hazelton Ln Tempe, AZ Rare Gem in Tempe! This 3 bedroom 2 bath split single level town home located in Tempe w...	3 beds \| 2 baths \| 1,368 sq.ft.	$350,000	Airbnb cash on cash: 2.56% Traditional cash on cash: 4.19% Airbnb Rental Income: $2218 Traditional Rental Income: $2195 Airbnb ROI: 2.56% Traditional ROI: 4.19%
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.	$590,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 1.94% Airbnb Rental Income: $1346 Traditional Rental Income: $2386 Airbnb ROI: -0.69% Traditional ROI: 1.94%
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.	$259,900	Airbnb cash on cash: 0.85% Traditional cash on cash: 4.8% Airbnb Rental Income: $1369 Traditional Rental Income: $1919 Airbnb ROI: 0.85% Traditional ROI: 4.8%
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.	$252,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 4.18% Airbnb Rental Income: $1208 Traditional Rental Income: $1749 Airbnb ROI: 0.26% Traditional ROI: 4.18%
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: 2.78% Traditional cash on cash: 5.63% Airbnb Rental Income: $2218 Traditional Rental Income: $2542 Airbnb ROI: 2.78% 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: 0.78% Traditional cash on cash: 3.6% Airbnb Rental Income: $1405 Traditional Rental Income: $1713 Airbnb ROI: 0.78% Traditional ROI: 3.6%
1324 S Judd St Tempe, AZ Prime Location in Tempe. Come home to this recently updated, too much to mention, must se...	2 beds \| 3 baths \| 1,056 sq.ft.	$269,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 3.74% Airbnb Rental Income: $1461 Traditional Rental Income: $1754 Airbnb ROI: 0.89% Traditional ROI: 3.74%
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: 1.9% Traditional cash on cash: 4.53% Airbnb Rental Income: $1856 Traditional Rental Income: $2124 Airbnb ROI: 1.9% 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: 4.77% Traditional cash on cash: 3.23% Airbnb Rental Income: $2385 Traditional Rental Income: $1427 Airbnb ROI: 4.77% 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: -0.18% Traditional cash on cash: 3.28% Airbnb Rental Income: $1346 Traditional Rental Income: $2390 Airbnb ROI: -0.18% 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.	$549,500	Airbnb cash on cash: 0.46% Traditional cash on cash: 2.7% Airbnb Rental Income: $2056 Traditional Rental Income: $2679 Airbnb ROI: 0.46% Traditional ROI: 2.7%
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.	$540,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 2.54% Airbnb Rental Income: $1377 Traditional Rental Income: $2503 Airbnb ROI: -0.52% Traditional ROI: 2.54%
1751 E Libra Dr Tempe, AZ Come and check out this beautiful recently updated 3 bed, 2.5 bath Town home located in Te...	3 beds \| 2 baths \| 1,898 sq.ft.	$430,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 3.38% Airbnb Rental Income: $2344 Traditional Rental Income: $2434 Airbnb ROI: 1.71% Traditional ROI: 3.38%
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.	$599,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 2.31% Airbnb Rental Income: $1663 Traditional Rental Income: $2558 Airbnb ROI: -0.12% Traditional ROI: 2.31%
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.	$334,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 3.45% Airbnb Rental Income: $1328 Traditional Rental Income: $1820 Airbnb ROI: 0.58% Traditional ROI: 3.45%
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 \| 1,518 sq.ft.	$329,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 5.81% Airbnb Rental Income: $2111 Traditional Rental Income: $2683 Airbnb ROI: 2.21% Traditional ROI: 5.81%
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% Traditional cash on cash: 2.17% Airbnb Rental Income: $1016 Traditional Rental Income: $2289 Airbnb ROI: -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: 0.45% Traditional cash on cash: 3.67% Airbnb Rental Income: $1500 Traditional Rental Income: $2167 Airbnb ROI: 0.45% Traditional ROI: 3.67%

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: 3.97%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $2287

Traditional Rental Income: $2149

Airbnb ROI: 3.97%

Traditional ROI: 5.62%

7720 S Heather Dr

Tempe, AZ

3 beds | 2 baths | 1,470 sq.ft.

$474,900

Airbnb cash on cash: 1.66%

Traditional cash on cash: 2.16%

Airbnb Rental Income: $2391

Traditional Rental Income: $2025

Airbnb ROI: 1.66%

Traditional ROI: 2.16%

421 W 6th St #1008

Tempe, AZ

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

$750,000

Airbnb cash on cash: -0.84%

Traditional cash on cash: 1.87%

Airbnb Rental Income: $1662

Traditional Rental Income: $3086

Airbnb ROI: -0.84%

Traditional ROI: 1.87%

117 W 10th St

Tempe, AZ

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

$645,000

Airbnb cash on cash: -0.13%

Traditional cash on cash: 3.01%

Airbnb Rental Income: $1442

Traditional Rental Income: $2904

Airbnb ROI: -0.13%

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: 0.01%

Traditional cash on cash: 4.45%

Airbnb Rental Income: $1742

Traditional Rental Income: $3049

Airbnb ROI: 0.01%

Traditional ROI: 4.45%

1041 E Lodge Dr

Tempe, AZ

2 beds | 1 baths | 902 sq.ft.

$234,999

Airbnb cash on cash: 5.2%

Traditional cash on cash: 3.73%

Airbnb Rental Income: $2385

Traditional Rental Income: $1471

Airbnb ROI: 5.2%

Traditional ROI: 3.73%

154 W 5th St #122

Tempe, AZ

1 beds | 1 baths | 667 sq.ft.

$279,900

Airbnb cash on cash: -0.72%

Traditional cash on cash: 1.62%

Airbnb Rental Income: $1024

Traditional Rental Income: $1283

Airbnb ROI: -0.72%

Traditional ROI: 1.62%

1081 W 1st St #16

Tempe, AZ

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

$399,995

Airbnb cash on cash: -0.66%

Traditional cash on cash: 2.85%

Airbnb Rental Income: $1377

Traditional Rental Income: $2273

Airbnb ROI: -0.66%