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Investment - Homes for Sale in Tempe, AZ

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  • /2

    $1,000,000

    522 W Howe St, Tempe, AZ 85281

    TWO DUPLEX BUILDINGS. ALL 4 UNITS ARE 1-BEDROOM, 1-BATH. INVESTMENT OPPORTUNITY CLOSE TO ASU! **DRIVE BY ONLY** **DO NOT DISTURB TENANTS** **VIEWING ONLY AFTER ACCEPTED CONTRACT**

    Agent Photo

    Mike Mendoza

    Keller Williams Realty Sonoran Living

    (844) 407-5592

    522 W Howe St, Tempe, AZ 85281
  • /14

    $350,000

    • 2 Beds
    • 1 Bath
    • 1,200 Sq Ft

    1214 E Henry St, Tempe, AZ 85281

    Calling all investors and savvy buyers ready to build equity! This 2-bedroom, 1-bathroom + Lg Bonus room. Home sits on a generous 7,588 SF lot in one of Tempe's / South Scottsdale most desirable locations. Priced for immediate value-add potential, this property is ideal for investors seeking strong ROI or families ready to customize. Location puts you minutes from major highways, Sky Harbor

    Sylvia Valles Russ Lyon Sotheby's International Realty

    1214 E Henry St, Tempe, AZ 85281
  • /37

    $508,000

    • 3 Beds
    • 3.5 Baths
    • 1,558 Sq Ft

    2090 S Dorsey Ln Unit 1025, Tempe, AZ 85282

    Stunning gated condo in the desirable Dorsey Lane community now available! This elegant property offers 3 full bedrooms, 3.5 bathrooms, modern amenities, including a stylish eat-in kitchen with quartz counters, wood cabinetry, stainless steel appliances, and a center island. Enjoy the premium lot location, just steps away from the pool. Additional features include a spacious 2-car garage and 3

    Austin Manahan Realty ONE Group

    2090 S Dorsey Ln Unit 1025, Tempe, AZ 85282
  • /10

    $525,000

    920 S Kenwood Cir, Tempe, AZ 85281

    Sunrise at Kenwood | Duplex Investment Opportunity in a Prime Tempe Location This well-maintained property features two spacious 2-bedroom, 1-bathroom units—each approximately 672 square feet—with huge pie shaped private backyards, with each having carport parking, and long-term tenancy in place. Investment Highlights: Both units are currently rented below market rates, offering significant

    Sophia Baron Grace CRE

    920 S Kenwood Cir, Tempe, AZ 85281
  • /24

    $340,000

    • 3 Beds
    • 2 Baths
    • 1,036 Sq Ft

    2123 E Kirkland Ln Unit 4, Tempe, AZ 85281

    Discover this charming single-level 3-bedroom, 2-bath townhome in the sought-after University Ranch community. The open floor plan features a bright living area, a spacious kitchen with ample storage, and a private patio perfect for relaxing or entertaining. The primary suite includes a spacious closet and en-suite bath. Enjoy the convenience of an interior laundry area and assigned parking.

    Chris Smith Home America Realty

    2123 E Kirkland Ln Unit 4, Tempe, AZ 85281
  • /12

    $268,000

    • 2 Beds
    • 1 Bath
    • 840 Sq Ft

    700 W University Dr Unit 122, Tempe, AZ 85281

    Welcome to Your New Home in the Heart of Tempe! This beautifully updated 2-bedroom, 1-bath Ground level condo is located in the desirable Scene One Condominiums, a well-maintained community close to everything Tempe has to offer. Prime Location Less than 1 mile to Arizona State University, the light rail, Tempe Town Lake, and Mill Avenue's dining, shopping, and nightlife Convenient access to Loop

    Pawan Gulati HomeSmart

    700 W University Dr Unit 122, Tempe, AZ 85281
  • /10

    $1,295,000

    1231 N Oleander St, Tempe, AZ 85281

    Turnkey 5-Unit Investment Near ASU & Old Town Scottsdale. Fully renovated in 2019 with near-zero vacancy in a high-demand rental market. Unit mix includes four 2BD/1BA units and one 1BD/1BA unit, each featuring updated interiors, vinyl flooring, modern cabinetry, granite countertops, dual-pane windows, new A/C systems, and upgraded security doors. Large private gated patios enhance tenant appeal.

    Dalen Linnerson Midland Real Estate Alliance

    1231 N Oleander St, Tempe, AZ 85281
  • /35

    $445,000

    • 2 Beds
    • 2 Baths
    • 1,242 Sq Ft

    1658 N Sierra Vista Dr, Tempe, AZ 85281

    Move-in ready townhome just minutes from Papago Park, ASU, Tempe Town Lake, and Old Town Scottsdale. Featuring fresh updates, 2 spacious bedrooms, 2 baths, 2 car garage and a private patio, this home offers low-maintenance living in a prime location. Perfect as a first home or investment!

    Matthew Martinez DenMar Realty

    1658 N Sierra Vista Dr, Tempe, AZ 85281
  • /32

    $580,000

    • 4 Beds
    • 2 Baths
    • 1,116 Sq Ft

    2012 N Van Ness Ave, Tempe, AZ 85281

    Charming, modern, and move-in ready! Step into this beautifully remodeled 4-bedroom, 2-bath ranch-style home and instantly feel at home. Featuring new AC (2024), modern designer colors, laminate plank flooring, and updated kitchen and bathrooms, this home blends comfort with contemporary style. Offered fully furnished and turnkey, everything you see is included—perfect for those looking for an

    Heather Rodriguez eXp Realty

    2012 N Van Ness Ave, Tempe, AZ 85281
  • /20

    $369,000

    • Land
    • 0.11 Acre
    • $3,354,545 per Acre

    1190 S Maple Ave Unit 1, Tempe, AZ 85281

    This wonderful lot is the second lot from a lot split where the adjoining lot has already sold. Don't miss the opportunity on one of the best located lots in the highly sought after Maple - Farmer - Ash District of Tempe, that offers significant potential for development or investment. This listing is for the **BACK Lot:** at 4,613 sq ft. which backs to the alley and fronts to Maple Ave. Zoned

    Patrick Brown Compass

    1190 S Maple Ave Unit 1, Tempe, AZ 85281
  • /23

    $2,500,000

    626 S Wilson St, Tempe, AZ 85281

    Venture on Wilson is a fully renovated, 12-unit garden-style community ideally located in the heart of Tempe, just blocks from Mill Avenue, Tempe Beach Park, and the ASU campus. Originally constructed in 1960 and extensively updated in 2019, the property blends timeless architecture with thoughtful upgrades tailored to today's urban renter. The community features a desirable unit mix of (10)

    David Arustamian Russ Lyon Sotheby's International Realty

    626 S Wilson St, Tempe, AZ 85281
  • /48

    $1,675,000

    1218 S Farmer Ave, Tempe, AZ 85281

    Exceptional investment opportunity in this well-maintained 9-unit multifamily property! Conveniently located in a desirable, high-demand rental area of Tempe, ASU. This 9-plex features 8-1bedroom units and 1- studio with strong rental history and low vacancy. Each unit offers functional layouts, and 15 dedicated parking. All units have been tastefully updated attracting quality long-term

    Chris Bianco Civic Center Real Estate

    1218 S Farmer Ave, Tempe, AZ 85281
  • /31

    $560,000

    • 5 Beds
    • 3 Baths
    • 2,086 Sq Ft

    1533 W 7th St, Tempe, AZ 85281

    Fully Remodeled 5 bedroom, 3 full bathroom single level house near ASU. Great investment or short-term rental property with NO HOA. Tiles thru-out entire house w new cabinets, Quartz Countertops, new kitchen appliances and newly remodeled bathrooms. Must see!

    Joyce Tang HomeSmart

    1533 W 7th St, Tempe, AZ 85281
  • /71

    $899,000

    3673 S Roosevelt St, Tempe, AZ 85282

    Conveniently located in the heart of Tempe near ASU, this property delivers a rare and powerful investment opportunity with multiple income streams. The main home features 3 bedrooms, 2 bathrooms, and a 2 car garage, while TWO separate 2 bedroom 1 bath rental units provide dependable monthly income. You can rent all three units to maximize cash flow or live in the main home while collecting

    Michael Griffith Limitless Real Estate

    3673 S Roosevelt St, Tempe, AZ 85282
  • /30

    $730,000

    1002 S Mariana St, Tempe, AZ 85281

    Four on Mariana - Fully Renovated Block Construction in Prime Tempe Location Welcome to Four on Mariana, an exceptional all-block construction multifamily property ideally located just minutes from Arizona State University and Downtown Tempe. This beautifully upgraded fourplex offers investors a rare turnkey opportunity in one of the most in-demand rental markets in the Valley. Each of the four

    Sophia Baron Grace CRE

    1002 S Mariana St, Tempe, AZ 85281
  • /27

    $262,500

    • 2 Beds
    • 2 Baths
    • 1,088 Sq Ft

    151 E Broadway Rd Unit 103, Tempe, AZ 85282

    Investment Opportunity! 30 Day Rentals are Allowed! Perfect for winter visitors, business travelers and college students. Great location near ASU, highways, shopping and restaurants! This Well-Maintained 2Bd/2Ba first floor condo features an extended, Private Patio perfect for enjoying AZ weather! Newer Stacked Washer/Dryer Inside the Unit! Tucked just a few steps down from the parking area, unit

    Kea Carota Realty ONE Group

    151 E Broadway Rd Unit 103, Tempe, AZ 85282
  • /48

    $599,000

    • 3 Beds
    • 2.5 Baths
    • 1,839 Sq Ft

    901 S Smith Rd Unit 1046, Tempe, AZ 85281

    Premier End-Unit | Poolside Views | Gated Modern Living Near ASU Rare opportunity to own this upgraded end-unit offers 3 private outdoor spaces including a finished yard and 2 balconies. Smart-home features include app-controlled entry/garage. Quartz countertops, and premium hard wood flooring. Walkable to ASU, light rail, Tempe Marketplace, dining, and Tempe Town Lake. Upscale, low-maintenance

    Boro Yokich HomeSmart

    901 S Smith Rd Unit 1046, Tempe, AZ 85281
  • /29

    $475,000 Open House 1/04

    • 3 Beds
    • 2 Baths
    • 1,269 Sq Ft

    230 E Fairmont Dr, Tempe, AZ 85282

    Fantastic opportunity for investors and first-time buyers! This well-kept home features strong curb appeal, a bright interior, and easy-care tile flooring throughout. The functional kitchen offers plenty of cabinetry, generous counter space, and built-in appliances—great for daily living or rental use. With three comfortable bedrooms, two full bathrooms, and a 1-car garage with built-in storage,

    Mohamed Samatar Weichert Realtors - Upraise

    230 E Fairmont Dr, Tempe, AZ 85282
  • /35

    $589,000

    • 3 Beds
    • 2 Baths
    • 1,828 Sq Ft

    406 E Barbara Dr, Tempe, AZ 85281

    Beautiful home near Tempe Town Lake, ASU , shopping and restaurants! Features a bright floor plan with all neutral colors and fresh interior and exterior paint. Inviting living room with cozy fireplace and plantation shutters.Spacious family room opens through double French doors to a private backyard with covered patio and sparkling Pebble Tec pool—perfect for entertaining. Three bedrooms,

    Patricia Bonnell West USA Realty

    406 E Barbara Dr, Tempe, AZ 85281
  • /26

    $479,900

    • 3 Beds
    • 2 Baths
    • 1,566 Sq Ft

    1360 W 15th St, Tempe, AZ 85281

    Your Next Tempe Investment or Dream Home Awaits! $479,900 New Price!This 3-bed, 2-bath Tempe home boasts a new 2025 roof and is move-in ready. Investors:Purchase as a turnkey Airbnb/short-term rental, fully furnished! Enjoy granite, stainlesssteel, wood-look flooring, a serene master suite, and a backyard oasis with a coveredpatio, lawn, fire pit, and RV gate. The enclosed car

    Ozzy Urias Good Oak Real Estate

    1360 W 15th St, Tempe, AZ 85281
  • /47

    $1,199,900

    • 6 Beds
    • 5 Baths
    • 4,186 Sq Ft

    1004 E Tempe Dr, Tempe, AZ 85281

    Perfect opportunity for luxury living or investment property in the heart of Tempe. 5% Cap rate with owners spending up to 3 months in property could be 8+% with at capacity. Must be patient when seeing with high occupancy on airbnb.This stunning 6-bedroom, 4.5-bathroom home boasts an impressive 4,186 square feet of living space with plenty of space to entertain. 2 master suites and 2

    Adam Poston Landmark Homes, L.L.C.

    1004 E Tempe Dr, Tempe, AZ 85281
  • /23

    $585,000

    • 2 Beds
    • 2.5 Baths
    • 1,757 Sq Ft

    606 S Wilson St, Tempe, AZ 85281

    Promo: offering 1% off current market rates for conventional home loans/refinances . (Does not include the 100% financing program, FHA or VA loans or non-owner occupied) Rare opportunity to own a distinctive brownstone-style townhome in the heart of Tempe! With 1,750 sqft of multi-level living space, this 2-bedroom, 2.5-bath residence offers the perfect blend of charm, function, and location-

    Sarah Hare Real Broker

    606 S Wilson St, Tempe, AZ 85281
  • /32

    $518,500

    • 3 Beds
    • 2 Baths
    • 1,297 Sq Ft

    1986 E Palmcroft Dr, Tempe, AZ 85282

    BEAUTIFUL remodel! From the new flooring & Jeld-Wen windows to the roof & sewer lines, the new owner of this home will have little to worry about with all that has been updated and improved! This low maintenance home sits on a large corner lot in a TERRIFIC location close to ASU while also providing easy access to freeways for commutes to work or around the Valley. Refreshing pool compliments the

    Ryan Mohr Realty Executives Arizona Territory

    1986 E Palmcroft Dr, Tempe, AZ 85282
  • /33

    $595,000

    • 4 Beds
    • 2.5 Baths
    • 1,642 Sq Ft

    1310 W Romo Jones St, Tempe, AZ 85281

    This beautifully remodeled 4-bedroom, 2.5-bath home is ideally located near ASU, making it a great potential student rental. The kitchen is bright and spacious, featuring granite countertops, white cabinets, and an island. Custom tiled showers with glass doors and updated cabinets in bathrooms. The large living and dining areas offer views of the sparkling pool and large backyard. Upgraded dual

    Tony Lee ProSmart Realty

    1310 W Romo Jones St, Tempe, AZ 85281
  • /30

    $500,000

    • 3 Beds
    • 2 Baths
    • 1,521 Sq Ft

    1102 E Redondo Cir, Tempe, AZ 85282

    Amazing Tempe Location! 3 bed 2 bath home on a corner, cul-de-sac lot! RV gate and 2 car garage! NO HOA! Inside you will find updated bathrooms, good sized bedrooms, two great living spaces, kitchen with stainless steel appliances. The back yard looks out to the large private diving pool and also has a side gated area great for pets, recreation, or storage. The other side yard also has storage

    Lori Cowin Fathom Realty Elite

    1102 E Redondo Cir, Tempe, AZ 85282
  • /93

    $2,595,000

    117 W 10th St, Tempe, AZ 85281

    Rare Investment Opportunity in Prime Tempe Location!Don't miss this incredible chance to own four beautifully remodeled patio homes on one lot in the heart of the Maple & Ash Historic District—just steps from ASU's main campus!This turnkey, multi-unit property includes:Three 2 bed / 1 bath unitsOne 2 bed / 2 bath unit - Each home is thoughtfully updated and move-in ready,

    Adam Prather eXp Realty

    117 W 10th St, Tempe, AZ 85281
  • /49

    $519,900

    • 3 Beds
    • 2 Baths
    • 1,629 Sq Ft

    1644 E Broadmor Dr, Tempe, AZ 85282

    Beautifully Remodeled Home in Prime Tempe Location! For sale or for rent!!! Welcome to 1644 E Broadmor Dr — a beautifully updated home located in the heart of Tempe with quick access to all four major freeways. Step inside to find a bright, open floor plan filled with natural light and modern finishes throughout. Enjoy stylish gray plank tile flooring in the main living areas and a fully

    Jim Elfline Keyrenter Premier Property Management

    1644 E Broadmor Dr, Tempe, AZ 85282
  • /33

    $310,000

    • 2 Beds
    • 2 Baths
    • 1,055 Sq Ft

    1905 E University Dr Unit C210, Tempe, AZ 85288

    Welcome to this stunning, move-in-ready 2 bedroom, 2 bathroom top floor townhome, perfectly situated near the 101, 202, Phoenix Sky Harbor Airport, Tempe Marketplace, and less than a mile from ASU. Ideal for a vacation getaway, starter home, or rental investment!Modern Updates: New Mohawk Luxury Vinyl Plank flooring with extra sound barrier underlayment throughout. Freshly painted

    Trish Shelly HomeSmart

    1905 E University Dr Unit C210, Tempe, AZ 85288

Home Trends in Tempe, AZ

Housing Trends

Median Sale Price
$470,000
Median Single Family Sale Price
$540,000
Median Townhouse Sale Price
$375,000
Median 2 Bedroom Sale Price
$293,000
Median 1 Bedroom Sale Price
$226,000
Average Price Per Sq Ft
$297
Number of Homes for Sale
308
Last 12 months Home Sales
1,385
Months of Supply
2.70
Median List Price
$495,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-1%
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