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
122 S Hardy Drive #38 Tempe, AZ Can't beat this Tempe location. Well maintained townhome just West of ASU and located with...	2 beds \| 2 baths \| 1,120 sq.ft.	$322,500	Airbnb cash on cash: 5.53% Traditional cash on cash: 4.14% Airbnb Rental Income: $3084 Traditional Rental Income: $1959 Airbnb ROI: 5.53% Traditional ROI: 4.14%
225 E STRAHAN Drive Tempe, AZ Welcome to this lovely Tempe home! This spacious 1,980 sqft residence features 4 bedrooms ...	4 beds \| 2 baths \| 1,980 sq.ft.	$490,000	Airbnb cash on cash: 6.91% Traditional cash on cash: 4.32% Airbnb Rental Income: $4962 Traditional Rental Income: $2757 Airbnb ROI: 6.91% Traditional ROI: 4.32%
1902 S SHANNON Drive Tempe, AZ Great opportunity to own this two bedroom townhome in Tempe in a great location near resta...	2 beds \| 2 baths \| 1,343 sq.ft.	$374,999	Airbnb cash on cash: -0.58% Traditional cash on cash: 4.39% Airbnb Rental Income: $997 Traditional Rental Income: $2391 Airbnb ROI: -0.58% Traditional ROI: 4.39%
1027 S SIESTA Lane Tempe, AZ Your luxurious abode awaits in Tempe! This charming 4-bedroom, 2-bathroom home features a ...	4 beds \| 2 baths \| 1,912 sq.ft.	$715,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $3217 Airbnb ROI: N/A Traditional ROI: 3.47%
2300 E CONCORDA Drive Tempe, AZ This 4 bedroom, 2 bath large open great room floor plan includes many features: Open kitch...	4 beds \| 2 baths \| 2,252 sq.ft.	$623,500	Airbnb cash on cash: 1.39% Traditional cash on cash: 3.62% Airbnb Rental Income: $2238 Traditional Rental Income: $2972 Airbnb ROI: 1.39% Traditional ROI: 3.62%
1245 W 1ST Street #114 Tempe, AZ STUNNING REMODEL. Beautifully upgraded throughout the home; featuring new flooring, counte...	2 beds \| 3 baths \| 1,072 sq.ft.	$320,000	Airbnb cash on cash: 5.52% Traditional cash on cash: 4.59% Airbnb Rental Income: $3084 Traditional Rental Income: $2102 Airbnb ROI: 5.52% Traditional ROI: 4.59%
5200 S LAKESHORE Drive #140 Tempe, AZ Stunning Waterfront Spanish Colonial Style Condo- Exquisite, rare ground-level end unit ne...	3 beds \| 2 baths \| 1,831 sq.ft.	$525,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 3.97% Airbnb Rental Income: $2857 Traditional Rental Income: $3229 Airbnb ROI: 1.86% Traditional ROI: 3.97%
1910 E GEMINI Drive Tempe, AZ Great LOCATION! Quiet neighborhood, close to shopping, freeways, schools and restaurants. ...	4 beds \| 2 baths \| 1,746 sq.ft.	$510,000	Airbnb cash on cash: 6.69% Traditional cash on cash: 3.75% Airbnb Rental Income: $4967 Traditional Rental Income: $2548 Airbnb ROI: 6.69% Traditional ROI: 3.75%
7 W SARAH Lane Tempe, AZ Welcome to your dream home in the highly sought-after Warner Ranch Villages, nestled in So...	3 beds \| 3 baths \| 1,588 sq.ft.	$540,000	Airbnb cash on cash: 2.96% Traditional cash on cash: 2.76% Airbnb Rental Income: $3132 Traditional Rental Income: $2322 Airbnb ROI: 2.96% Traditional ROI: 2.76%
600 S WILSON Street Tempe, AZ Just Listed at the Brownstones at Hyde Park. Beautifully updated 3 story property located ...	2 beds \| 3 baths \| 1,795 sq.ft.	$599,900	Airbnb cash on cash: 2.06% Traditional cash on cash: 2.44% Airbnb Rental Income: $3033 Traditional Rental Income: $2550 Airbnb ROI: 2.06% Traditional ROI: 2.44%
2161 E GEMINI Drive Tempe, AZ Don't miss this gorgeous home in the heart of Tempe near the 101 and 60 freeway! This one...	3 beds \| 2 baths \| 1,836 sq.ft.	$625,000	Airbnb cash on cash: 4.48% Traditional cash on cash: 3.56% Airbnb Rental Income: $4441 Traditional Rental Income: $2972 Airbnb ROI: 4.48% Traditional ROI: 3.56%
3706 S COTTONWOOD Drive Tempe, AZ Welcome to this beautifully updated 4-bedroom, single-story home with a 2-car garage and n...	4 beds \| 2 baths \| 1,669 sq.ft.	$550,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 3.42% Airbnb Rental Income: $1869 Traditional Rental Income: $2526 Airbnb ROI: 1.17% Traditional ROI: 3.42%
5708 S BECK Avenue Tempe, AZ Public Remarks: $10k Seller's Concession on full price offers. No HOA! Tempe property with...	2 beds \| 1 baths \| 910 sq.ft.	$370,000	Airbnb cash on cash: 7.72% Traditional cash on cash: 3.22% Airbnb Rental Income: $4089 Traditional Rental Income: $1658 Airbnb ROI: 7.72% Traditional ROI: 3.22%
1966 E OXFORD Drive Tempe, AZ Beautiful home in PRIME LOCATION! Inside, you'll love the new wood-look floors and oversi...	2 beds \| 1 baths \| 1,168 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.5% Airbnb Rental Income: $null Traditional Rental Income: $1749 Airbnb ROI: N/A Traditional ROI: 3.5%
114 W Hu Esta Drive Tempe, AZ Beautiful home in the heart of Tempe! House was taken down to the exterior walls and rebui...	2 beds \| 2 baths \| 1,362 sq.ft.	$500,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 4.06% Airbnb Rental Income: $1782 Traditional Rental Income: $2585 Airbnb ROI: 1.3% Traditional ROI: 4.06%
2326 E ASPEN Drive Tempe, AZ This 3-bedroom, 2-bath home has everything you need for easy living.. The pool is ready to...	3 beds \| 2 baths \| 1,812 sq.ft.	$510,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 4.72% Airbnb Rental Income: $1985 Traditional Rental Income: $3005 Airbnb ROI: 1.49% Traditional ROI: 4.72%
1222 W BASELINE Road #121 Tempe, AZ Welcome to this beautifully updated Tempe condo with a spacious OPEN FLOOR PLAN and VAULTE...	2 beds \| 2 baths \| 1,093 sq.ft.	$325,000	Airbnb cash on cash: 2.46% Traditional cash on cash: 3.51% Airbnb Rental Income: $2081 Traditional Rental Income: $1866 Airbnb ROI: 2.46% Traditional ROI: 3.51%
118 E FREMONT Drive Tempe, AZ Spacious Ranch Home with 4 Bedrooms & 2 Baths located on a huge cul-de-sac lot in the hear...	4 beds \| 2 baths \| 1,567 sq.ft.	$475,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 4.76% Airbnb Rental Income: $2390 Traditional Rental Income: $2833 Airbnb ROI: 2.44% Traditional ROI: 4.76%
1507 E ALAMEDA Drive Tempe, AZ Move-in ready! Don't miss this charming single-level home with no HOA, now available! You'...	3 beds \| 2 baths \| 1,274 sq.ft.	$440,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 4% Airbnb Rental Income: $2025 Traditional Rental Income: $2313 Airbnb ROI: 2.03% Traditional ROI: 4%
1416 E DON CARLOS Avenue Tempe, AZ Amazing ASU investment opportunity! Gorgeous top to bottom renovation with FIVE bedrooms a...	5 beds \| 3 baths \| 2,102 sq.ft.	$675,000	Airbnb cash on cash: 9.73% Traditional cash on cash: 4.28% Airbnb Rental Income: $8653 Traditional Rental Income: $3591 Airbnb ROI: 9.73% Traditional ROI: 4.28%
5630 S ADMIRALTY Court #C Tempe, AZ A great townhouse in The Lakes~ 2 ensuite bedrooms upstairs, 1/2 bath down. Beautiful floo...	2 beds \| 3 baths \| 1,242 sq.ft.	$334,000	Airbnb cash on cash: 3.14% Traditional cash on cash: 4.6% Airbnb Rental Income: $2402 Traditional Rental Income: $2271 Airbnb ROI: 3.14% Traditional ROI: 4.6%
850 S RIVER Drive #1065 Tempe, AZ Gorgeous 2 bed, 2 bath one level unit just minutes from Tempe Market Place, ASU & the 101 ...	2 beds \| 2 baths \| 1,128 sq.ft.	$324,900	Airbnb cash on cash: 0.39% Traditional cash on cash: 4.06% Airbnb Rental Income: $1262 Traditional Rental Income: $1983 Airbnb ROI: 0.39% Traditional ROI: 4.06%
1424 S BONARDEN Lane Tempe, AZ It is hard to find a home closer to ASU at this price point!! Location, Location, Locatio...	2 beds \| 1 baths \| 640 sq.ft.	$384,000	Airbnb cash on cash: 4.62% Traditional cash on cash: 2.59% Airbnb Rental Income: $2867 Traditional Rental Income: $1467 Airbnb ROI: 4.62% Traditional ROI: 2.59%
850 S River Drive #1075 Tempe, AZ Beautifully remodeled ground-level condo available for sale in Tempe! Available for Rent o...	2 beds \| 2 baths \| 1,128 sq.ft.	$325,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.92% Airbnb Rental Income: $1262 Traditional Rental Income: $1940 Airbnb ROI: 0.39% Traditional ROI: 3.92%
2022 E BISHOP Drive Tempe, AZ Exquisitely curated Spanish Hacienda style home, a must see. Come through the gate and ex...	3 beds \| 2 baths \| 1,875 sq.ft.	$775,000	Airbnb cash on cash: 2.94% Traditional cash on cash: 2.75% Airbnb Rental Income: $4071 Traditional Rental Income: $3072 Airbnb ROI: 2.94% Traditional ROI: 2.75%
1869 E GENEVA Drive Tempe, AZ Fully remodeled home in Tempe! This north/south-facing, single-story, block-constructed 3-...	3 beds \| 2 baths \| 1,260 sq.ft.	$530,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 2.89% Airbnb Rental Income: $543 Traditional Rental Income: $2180 Airbnb ROI: -0.97% Traditional ROI: 2.89%
2138 E YALE Drive Tempe, AZ NEW PRICE! Beautifully updated home located in the heart of Tempe offers a perfect balance...	3 beds \| 2 baths \| 1,572 sq.ft.	$539,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 3.18% Airbnb Rental Income: $1655 Traditional Rental Income: $2404 Airbnb ROI: 0.78% Traditional ROI: 3.18%
1706 W VILLAGE Way Tempe, AZ Don't miss this highly sought after Townhome in Tempe Villages. This 3 bedroom, 1 and a ha...	3 beds \| 2 baths \| 1,152 sq.ft.	$299,999	Airbnb cash on cash: 5.62% Traditional cash on cash: 4.42% Airbnb Rental Income: $3046 Traditional Rental Income: $2011 Airbnb ROI: 5.62% Traditional ROI: 4.42%
4901 S CALLE LOS CERROS Drive #241 Tempe, AZ NEWLY UPDATED complete on 09/22/2024!! BEST location in the community! NEW granite Counter...	2 beds \| 1 baths \| 812 sq.ft.	$269,999	Airbnb cash on cash: 4.01% Traditional cash on cash: 3.32% Airbnb Rental Income: $2347 Traditional Rental Income: $1591 Airbnb ROI: 4.01% Traditional ROI: 3.32%
4901 S CALLE LOS CERROS Drive #251 Tempe, AZ Welcome to your new residence in Casa Los Cerros! From the moment you enter, you will imme...	2 beds \| 2 baths \| 924 sq.ft.	$274,950	Airbnb cash on cash: 3.89% Traditional cash on cash: 4.89% Airbnb Rental Income: $2347 Traditional Rental Income: $2025 Airbnb ROI: 3.89% Traditional ROI: 4.89%
2725 S RURAL Road #31 Tempe, AZ This charming single-level 2-bedroom,1-bath condo offers a cozy and functional space and t...	2 beds \| 1 baths \| 884 sq.ft.	$225,000	Airbnb cash on cash: 6.09% Traditional cash on cash: 4.53% Airbnb Rental Income: $2623 Traditional Rental Income: $1665 Airbnb ROI: 6.09% Traditional ROI: 4.53%
419 E Oxford Drive Tempe, AZ Welcome to this stunning single-level, 3-bedroom, 3-bathroom home in the heart of Tempe!...	3 beds \| 3 baths \| 1,302 sq.ft.	$540,000	Airbnb cash on cash: 3.96% Traditional cash on cash: 3.31% Airbnb Rental Income: $3545 Traditional Rental Income: $2439 Airbnb ROI: 3.96% Traditional ROI: 3.31%
120 E RIO SALADO Parkway #101 Tempe, AZ Experience concierge, resort style living on the waterfront! This Gorgeous, renovated smar...	2 beds \| 2 baths \| 1,742 sq.ft.	$685,000	Airbnb cash on cash: -3.2% Traditional cash on cash: -0.45% Airbnb Rental Income: $1162 Traditional Rental Income: $2537 Airbnb ROI: -3.2% Traditional ROI: -0.45%
2647 S ALDER Drive Tempe, AZ This spacious Tempe townhome is move-in ready with modern finishes and a fresh, updated lo...	3 beds \| 2 baths \| 1,765 sq.ft.	$407,500	Airbnb cash on cash: 1.88% Traditional cash on cash: 4.53% Airbnb Rental Income: $2025 Traditional Rental Income: $2511 Airbnb ROI: 1.88% Traditional ROI: 4.53%
933 E DRIFTWOOD Drive Tempe, AZ Coming soon in the Lakes! This 3 bed, 2.5 bath, 2,163sqft home has been updated inside and...	3 beds \| 3 baths \| 2,163 sq.ft.	$649,000	Airbnb cash on cash: 2.8% Traditional cash on cash: 1.49% Airbnb Rental Income: $3545 Traditional Rental Income: $1973 Airbnb ROI: 2.8% Traditional ROI: 1.49%
700 W UNIVERSITY Drive #154 Tempe, AZ Move-in ready and newly updated. Located within walking distances from Mill Ave and just a...	1 beds \| 1 baths \| 595 sq.ft.	$230,000	Airbnb cash on cash: 6.65% Traditional cash on cash: 3.34% Airbnb Rental Income: $2703 Traditional Rental Income: $1342 Airbnb ROI: 6.65% Traditional ROI: 3.34%
3031 S RURAL Road #45 Tempe, AZ This charming 2-bedroom, 1-bathroom home nestled in the vibrant heart of Tempe. With Arizo...	2 beds \| 1 baths \| 884 sq.ft.	$250,000	Airbnb cash on cash: 2.85% Traditional cash on cash: 3.88% Airbnb Rental Income: $1878 Traditional Rental Income: $1619 Airbnb ROI: 2.85% Traditional ROI: 3.88%
901 S SMITH Road #1012 Tempe, AZ Welcome to modern living in Tempe. This lux beauty has 3 bedrooms with 2.5 baths and is c...	3 beds \| 3 baths \| 1,805 sq.ft.	$580,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 3.14% Airbnb Rental Income: $3807 Traditional Rental Income: $2758 Airbnb ROI: 3.56% Traditional ROI: 3.14%
2057 E HOWE Avenue Tempe, AZ Located in the heart of Tempe, this 3 bedroom, 1 bath home boasts a bright, open floor pla...	3 beds \| 1 baths \| 1,190 sq.ft.	$395,000	Airbnb cash on cash: 6.42% Traditional cash on cash: 4.2% Airbnb Rental Income: $3807 Traditional Rental Income: $2161 Airbnb ROI: 6.42% Traditional ROI: 4.2%
6115 S JUNIPER Street Tempe, AZ Welcome to this exceptional home in a prime Tempe location, within the award-winning Tempe...	4 beds \| 2 baths \| 2,006 sq.ft.	$650,000	Airbnb cash on cash: 4.98% Traditional cash on cash: 3.06% Airbnb Rental Income: $4967 Traditional Rental Income: $2785 Airbnb ROI: 4.98% Traditional ROI: 3.06%

Real Estate investment in Tempe, AZ

There are 204 properties for sale in the city of Tempe . The median list price in Tempe is $475,000 and the average price per square foot is $290. In December 2024, the average monthly cash on cash return in Tempe is 4.00%. The average monthly rental income in Tempe is $2,438.

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

There are 204 investment properties available for sale in Tempe.

In 2024, the best neighborhood to buy investment property is Dava-Lakeshore.

The ROI for Long-Term is higher than the Short-Term in Tempe with average rental income of $2,438.

Your search for investment property begins and ends here

Investment Property for Sale in Tempe, AZ

122 S Hardy Drive #38

Tempe, AZ

2 beds | 2 baths | 1,120 sq.ft.

$322,500

Airbnb cash on cash: 5.53%

Traditional cash on cash: 4.14%

Airbnb Rental Income: $3084

Traditional Rental Income: $1959

Airbnb ROI: 5.53%

Traditional ROI: 4.14%

225 E STRAHAN Drive

Tempe, AZ

4 beds | 2 baths | 1,980 sq.ft.

$490,000

Airbnb cash on cash: 6.91%

Traditional cash on cash: 4.32%

Airbnb Rental Income: $4962

Traditional Rental Income: $2757

Airbnb ROI: 6.91%

Traditional ROI: 4.32%

1902 S SHANNON Drive

Tempe, AZ

2 beds | 2 baths | 1,343 sq.ft.

$374,999

Airbnb cash on cash: -0.58%

Traditional cash on cash: 4.39%

Airbnb Rental Income: $997

Traditional Rental Income: $2391

Airbnb ROI: -0.58%

Traditional ROI: 4.39%

1027 S SIESTA Lane

Tempe, AZ

4 beds | 2 baths | 1,912 sq.ft.

$715,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.47%

Airbnb Rental Income: $null

Traditional Rental Income: $3217

Airbnb ROI: N/A

Traditional ROI: 3.47%

2300 E CONCORDA Drive

Tempe, AZ

4 beds | 2 baths | 2,252 sq.ft.

$623,500

Airbnb cash on cash: 1.39%

Traditional cash on cash: 3.62%

Airbnb Rental Income: $2238

Traditional Rental Income: $2972

Airbnb ROI: 1.39%

Traditional ROI: 3.62%

1245 W 1ST Street #114

Tempe, AZ

2 beds | 3 baths | 1,072 sq.ft.

$320,000

Airbnb cash on cash: 5.52%

Traditional cash on cash: 4.59%

Airbnb Rental Income: $3084

Traditional Rental Income: $2102

Airbnb ROI: 5.52%

Traditional ROI: 4.59%

5200 S LAKESHORE Drive #140

Tempe, AZ

3 beds | 2 baths | 1,831 sq.ft.

$525,000

Airbnb cash on cash: 1.86%

Traditional cash on cash: 3.97%

Airbnb Rental Income: $2857

Traditional Rental Income: $3229

Airbnb ROI: 1.86%

Traditional ROI: 3.97%

1910 E GEMINI Drive

Tempe, AZ

4 beds | 2 baths | 1,746 sq.ft.

$510,000

Airbnb cash on cash: 6.69%

Traditional cash on cash: 3.75%

Airbnb Rental Income: $4967

Traditional Rental Income: $2548

Airbnb ROI: 6.69%