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 129 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.	$279,500	Airbnb cash on cash: 3.52% Traditional cash on cash: 5.59% Airbnb Rental Income: $2151 Traditional Rental Income: $2149 Airbnb ROI: 3.52% Traditional ROI: 5.59%
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: $1596 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.	$439,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 4.33% Airbnb Rental Income: $1452 Traditional Rental Income: $3049 Airbnb ROI: -0.6% Traditional ROI: 4.33%
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.	$429,995	Airbnb cash on cash: -0.57% Traditional cash on cash: 2.58% Airbnb Rental Income: $1429 Traditional Rental Income: $2273 Airbnb ROI: -0.57% Traditional ROI: 2.58%
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.	$465,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 2.48% Airbnb Rental Income: $1454 Traditional Rental Income: $2173 Airbnb ROI: -0.16% Traditional ROI: 2.48%
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: -0.76% Traditional cash on cash: 1.56% Airbnb Rental Income: $1454 Traditional Rental Income: $2216 Airbnb ROI: -0.76% 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.	$401,500	Airbnb cash on cash: -0.78% Traditional cash on cash: 2.97% Airbnb Rental Income: $998 Traditional Rental Income: $2052 Airbnb ROI: -0.78% Traditional ROI: 2.97%
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: 0.52% Traditional cash on cash: 3.22% Airbnb Rental Income: $1453 Traditional Rental Income: $2010 Airbnb ROI: 0.52% Traditional ROI: 3.22%
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: 0.01% Traditional cash on cash: 2.25% Airbnb Rental Income: $1452 Traditional Rental Income: $1967 Airbnb ROI: 0.01% Traditional ROI: 2.25%
911 S Casitas Dr #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: -0.05% Traditional cash on cash: 5.61% Airbnb Rental Income: $1099 Traditional Rental Income: $2218 Airbnb ROI: -0.05% Traditional ROI: 5.61%
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: -0.54% Traditional cash on cash: 1.9% Airbnb Rental Income: $1454 Traditional Rental Income: $2386 Airbnb ROI: -0.54% Traditional ROI: 1.9%
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: -0.8% Traditional cash on cash: 4.12% Airbnb Rental Income: $906 Traditional Rental Income: $1749 Airbnb ROI: -0.8% 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.	$340,000	Airbnb cash on cash: 2.3% Traditional cash on cash: 5.42% Airbnb Rental Income: $2080 Traditional Rental Income: $2542 Airbnb ROI: 2.3% Traditional ROI: 5.42%
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.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.73% Airbnb Rental Income: $null Traditional Rental Income: $1713 Airbnb ROI: N/A Traditional ROI: 3.73%
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.	$260,000	Airbnb cash on cash: 1.92% Traditional cash on cash: 3.15% Airbnb Rental Income: $1578 Traditional Rental Income: $1427 Airbnb ROI: 1.92% Traditional ROI: 3.15%
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: 0.04% Traditional cash on cash: 3.28% Airbnb Rental Income: $1454 Traditional Rental Income: $2390 Airbnb ROI: 0.04% Traditional ROI: 3.28%
2122 E Margarita Dr Tempe, AZ NICE TWO STORY, TWO BEDROOMS, 1.5 BATHROOMS, 2 CAR DETACHED GARAGE. LOCATED NEAR 101 FWY. ...	2 beds \| 1 baths \| 1,248 sq.ft.	$329,900	Airbnb cash on cash: -0.81% Traditional cash on cash: 2.69% Airbnb Rental Income: $998 Traditional Rental Income: $1728 Airbnb ROI: -0.81% Traditional ROI: 2.69%
924 S Hacienda Dr #C Tempe, AZ Ideally located within minutes of the ASU Tempe Campus and the Tempe Marketplace, this sin...	3 beds \| 2 baths \| 1,144 sq.ft.	$279,900	Airbnb cash on cash: 0.14% Traditional cash on cash: 4.91% Airbnb Rental Income: $1099 Traditional Rental Income: $1986 Airbnb ROI: 0.14% Traditional ROI: 4.91%
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: -0.44% Traditional cash on cash: 2.48% Airbnb Rental Income: $1429 Traditional Rental Income: $2503 Airbnb ROI: -0.44% Traditional ROI: 2.48%
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.	$359,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 3.15% Airbnb Rental Income: $1328 Traditional Rental Income: $1820 Airbnb ROI: 0.47% Traditional ROI: 3.15%
14 E Hermosa Dr Tempe, AZ Seller willing to pay for RATE BUYDOWN! Condo is VA eligible! All new vinyl plank flooring...	4 beds \| 2 baths \| 1,408 sq.ft.	$343,750	Airbnb cash on cash: 2.11% Traditional cash on cash: 5.71% Airbnb Rental Income: $2048 Traditional Rental Income: $2683 Airbnb ROI: 2.11% Traditional ROI: 5.71%
1035 E Laguna Dr Tempe, AZ Welcome to Puerta Del Sol, one of Tempe's most desirable townhome communities! Designed by...	3 beds \| 3 baths \| 1,952 sq.ft.	$450,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 5.66% Airbnb Rental Income: $1977 Traditional Rental Income: $3290 Airbnb ROI: 1.32% Traditional ROI: 5.66%
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.	$375,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 3.55% Airbnb Rental Income: $1362 Traditional Rental Income: $2167 Airbnb ROI: 0.08% Traditional ROI: 3.55%
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.	$335,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 4.71% Airbnb Rental Income: $1498 Traditional Rental Income: $2267 Airbnb ROI: 0.87% Traditional ROI: 4.71%
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: 0.67% Traditional cash on cash: 4.89% Airbnb Rental Income: $1473 Traditional Rental Income: $2324 Airbnb ROI: 0.67% Traditional ROI: 4.89%
1714 W Village Way Tempe, AZ Welcome to 1714 W Village Way, a beautifully updated one of Tempe's most desirable locatio...	3 beds \| 1 baths \| 1,152 sq.ft.	$275,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 4.27% Airbnb Rental Income: $1530 Traditional Rental Income: $1939 Airbnb ROI: 0.98% Traditional ROI: 4.27%
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: -0.6% Traditional cash on cash: 4.81% Airbnb Rental Income: $824 Traditional Rental Income: $1975 Airbnb ROI: -0.6% Traditional ROI: 4.81%
108 W Loma Vista Dr #101 Tempe, AZ Charming newly updated home for sale! Within biking distance to ASU. Quiet neighborhood. ...	3 beds \| 2 baths \| 1,258 sq.ft.	$339,999	Airbnb cash on cash: -0.05% Traditional cash on cash: 3.84% Airbnb Rental Income: $1275 Traditional Rental Income: $2117 Airbnb ROI: -0.05% Traditional ROI: 3.84%
2145 E Center Ln #3 Tempe, AZ A full 3 bedroom 2 bathroom townhouse! (Nobody above or below you.) You'll notice right aw...	3 beds \| 2 baths \| 1,036 sq.ft.	$324,500	Airbnb cash on cash: 0.47% Traditional cash on cash: 3.99% Airbnb Rental Income: $1402 Traditional Rental Income: $2054 Airbnb ROI: 0.47% Traditional ROI: 3.99%
907 E SHOBE Drive Tempe, AZ In the heart of South Tempe your low maintenance home awaits on a quiet street. Bright and...	3 beds \| 3 baths \| 1,452 sq.ft.	$340,000	Airbnb cash on cash: 2.63% Traditional cash on cash: 5.43% Airbnb Rental Income: $2151 Traditional Rental Income: $2496 Airbnb ROI: 2.63% Traditional ROI: 5.43%
617 W 13th St Tempe, AZ RARE find! UPDATED End Unit with 3 large outdoor patios! Nestled in the heart of Tempe, th...	3 beds \| 2 baths \| 1,320 sq.ft.	$350,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 3.72% Airbnb Rental Income: $1334 Traditional Rental Income: $2128 Airbnb ROI: 0.06% Traditional ROI: 3.72%
1823 E Kirkland Ln #A Tempe, AZ Great opportunity in prime Tempe location. Single level unit with large patio and private ...	2 beds \| 1 baths \| 910 sq.ft.	$185,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 5.21% Airbnb Rental Income: $1011 Traditional Rental Income: $1532 Airbnb ROI: 0.22% Traditional ROI: 5.21%
122 S Hardy Dr #2 Tempe, AZ Situated in the Hacienda Del Rio community, this charming, remodeled townhome offers an in...	2 beds \| 1 baths \| 1,120 sq.ft.	$328,500	Airbnb cash on cash: 1.06% Traditional cash on cash: 3.78% Airbnb Rental Income: $1429 Traditional Rental Income: $1843 Airbnb ROI: 1.06% Traditional ROI: 3.78%
154 W 5th St #246 Tempe, AZ Welcome to your dream townhouse in the sought-after Hayden Square complex! Perfectly situa...	2 beds \| 2 baths \| 1,034 sq.ft.	$390,000	Airbnb cash on cash: 0% Traditional cash on cash: 3.13% Airbnb Rental Income: $1454 Traditional Rental Income: $2169 Airbnb ROI: 0% Traditional ROI: 3.13%
913 E Laguna Dr Tempe, AZ Charming 3 bed/3 bath townhome in the sought after area of Tempe! Close to ASU and freewa...	3 beds \| 3 baths \| 2,396 sq.ft.	$450,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 5.54% Airbnb Rental Income: $1780 Traditional Rental Income: $3193 Airbnb ROI: 1.04% Traditional ROI: 5.54%
1988 E Oxford Dr Tempe, AZ Beautifully updated home in a desirable Tempe location, offering a blend of modern updates...	3 beds \| 2 baths \| 1,539 sq.ft.	$449,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 3.84% Airbnb Rental Income: $2124 Traditional Rental Income: $2391 Airbnb ROI: 1.92% Traditional ROI: 3.84%
1055 W 5th St #13 Tempe, AZ The Ultimate Tempe Lifestyle Awaits! This charming 2-story, 2-bed, 1.5-bath townhome-style...	2 beds \| 1 baths \| 984 sq.ft.	$269,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 3.84% Airbnb Rental Income: $1429 Traditional Rental Income: $1761 Airbnb ROI: 0.85% Traditional ROI: 3.84%

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.

$279,500

Airbnb cash on cash: 3.52%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $2151

Traditional Rental Income: $2149

Airbnb ROI: 3.52%

Traditional ROI: 5.59%

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: $1596

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.

$439,000

Airbnb cash on cash: -0.6%

Traditional cash on cash: 4.33%

Airbnb Rental Income: $1452

Traditional Rental Income: $3049

Airbnb ROI: -0.6%

Traditional ROI: 4.33%

1081 W 1st St #16

Tempe, AZ

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

$429,995

Airbnb cash on cash: -0.57%

Traditional cash on cash: 2.58%

Airbnb Rental Income: $1429

Traditional Rental Income: $2273

Airbnb ROI: -0.57%

Traditional ROI: 2.58%

570 W 6th St

Tempe, AZ

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

$465,000

Airbnb cash on cash: -0.16%

Traditional cash on cash: 2.48%

Airbnb Rental Income: $1454

Traditional Rental Income: $2173

Airbnb ROI: -0.16%

Traditional ROI: 2.48%

525 W Lakeside Dr #124

Tempe, AZ

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

$550,000

Airbnb cash on cash: -0.76%

Traditional cash on cash: 1.56%

Airbnb Rental Income: $1454

Traditional Rental Income: $2216

Airbnb ROI: -0.76%

Traditional ROI: 1.56%

1527 S River Dr

Tempe, AZ

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

$401,500

Airbnb cash on cash: -0.78%

Traditional cash on cash: 2.97%

Airbnb Rental Income: $998

Traditional Rental Income: $2052

Airbnb ROI: -0.78%

Traditional ROI: 2.97%

83 W Calle De Arcos --

Tempe, AZ

2 beds | 2 baths | 1,289 sq.ft.

$390,000

Airbnb cash on cash: 0.52%

Traditional cash on cash: 3.22%

Airbnb Rental Income: $1453

Traditional Rental Income: $2010

Airbnb ROI: 0.52%