Real Estate Investment Properties for Sale in Lebanon, OH

Looking for investment property in Lebanon, OH with high ROI ?

Explore a variety of short-term homes & houses in Lebanon, OH. Invest wisely with VRBO & Lebanon, OH 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 Lebanon, OH

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
406 Bailey St Lebanon, OH 406 Bailey St, Lebanon, OH 45030 \| Single Family Residential	3 beds \| 2 baths \| N/A	$639,900	Airbnb cash on cash: -0.2% Traditional cash on cash: 0.2% Airbnb Rental Income: $2058 Traditional Rental Income: $1764 Airbnb ROI: -0.2% Traditional ROI: 0.2%
4303 Hunting Hawk Dr Lebanon, OH Like new Winchester Pacific Crafstman by Fischer Homes in Shaker run. This floorplan featu...	4 beds \| 2 baths \| 1,904 sq.ft.	$400,000	Airbnb cash on cash: 1.44% Traditional cash on cash: 2.98% Airbnb Rental Income: $2210 Traditional Rental Income: $2230 Airbnb ROI: 1.44% Traditional ROI: 2.98%
3822 Greentree Rd Lebanon, OH Welcome to this charming ranch-style home nestled on a spacious lot in beautiful Lebanon, ...	3 beds \| 2 baths \| 988 sq.ft.	$300,000	Airbnb cash on cash: 3.47% Traditional cash on cash: 4.88% Airbnb Rental Income: $2058 Traditional Rental Income: $1922 Airbnb ROI: 3.47% Traditional ROI: 4.88%
551 Hoffmann Ave Lebanon, OH This fabulous ranch over 1500sqft awaits you, nestled on a fantastic half acre lot! Large...	3 beds \| 2 baths \| 1,520 sq.ft.	$312,500	Airbnb cash on cash: 2.33% Traditional cash on cash: 2.55% Airbnb Rental Income: $2058 Traditional Rental Income: $1589 Airbnb ROI: 2.33% Traditional ROI: 2.55%
19 Edmon Ct Lebanon, OH Move-in ready ranch home on a great cul-de-sac lot! Large living room with skylight and wa...	3 beds \| 2 baths \| 1,141 sq.ft.	$299,000	Airbnb cash on cash: 3.04% Traditional cash on cash: 2.67% Airbnb Rental Income: $2058 Traditional Rental Income: $1423 Airbnb ROI: 3.04% Traditional ROI: 2.67%
1529 Shaker Run Blvd Lebanon, OH Gorgeous home with space for all your wants and needs! Move right in to this 4 bedroom, 3...	4 beds \| 3 baths \| 4,296 sq.ft.	$739,990	Airbnb cash on cash: -0.39% Traditional cash on cash: 0.99% Airbnb Rental Income: $2210 Traditional Rental Income: $2604 Airbnb ROI: -0.39% Traditional ROI: 0.99%
1151 Lake Field Dr Lebanon, OH Gorgeous 3 bedroom home with full basement with walkout. Sold before sent.	4 beds \| 2 baths \| 2,352 sq.ft.	$422,000	Airbnb cash on cash: 2.05% Traditional cash on cash: 3.29% Airbnb Rental Income: $2210 Traditional Rental Income: $2142 Airbnb ROI: 2.05% Traditional ROI: 3.29%
233 Old St Rt 122 Lebanon, OH Great 3 Bed/1.5 Bath, 1225 sqft on 1.35 Acre Lot in Lebanon Schools! Lock up this SOLID In...	3 beds \| 2 baths \| 1,225 sq.ft.	$340,000	Airbnb cash on cash: 3.05% Traditional cash on cash: 2.9% Airbnb Rental Income: $2058 Traditional Rental Income: $1480 Airbnb ROI: 3.05% Traditional ROI: 2.9%
406 Lawndale Ct Lebanon, OH This pristine home is located just minutes from historic downtown Lebanon. Much sought af...	4 beds \| 3 baths \| 3,073 sq.ft.	$455,000	Airbnb cash on cash: 1.67% Traditional cash on cash: 3.91% Airbnb Rental Income: $2210 Traditional Rental Income: $2607 Airbnb ROI: 1.67% Traditional ROI: 3.91%
842 Miller Rd Lebanon, OH Spacious 5 bedroom, 3 full bath ranch with nearly 2200 sqft situated on a large flat lot. ...	5 beds \| 3 baths \| 2,179 sq.ft.	$374,900	Airbnb cash on cash: 2.07% Traditional cash on cash: 3.67% Airbnb Rental Income: $2287 Traditional Rental Income: $2279 Airbnb ROI: 2.07% Traditional ROI: 3.67%
1155 Silversmith Way Lebanon, OH The Wexford Craftsmans plan by Monarch Homes features one floor living, granite countertop...	4 beds \| 2 baths \| 2,014 sq.ft.	$417,995	Airbnb cash on cash: 1.41% Traditional cash on cash: 2.75% Airbnb Rental Income: $2210 Traditional Rental Income: $2176 Airbnb ROI: 1.41% Traditional ROI: 2.75%
4647 Swift Ct Lebanon, OH Welcome to this exceptional 4-bedroom, 2.5-bathroom home in the prestigious Shaker Run com...	4 beds \| 2 baths \| 3,208 sq.ft.	$775,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 1.33% Airbnb Rental Income: $2210 Traditional Rental Income: $2962 Airbnb ROI: -0.48% Traditional ROI: 1.33%
320 Pleasant St Lebanon, OH Two unit property near downtown Lebanon. Great location near restaurants and shopping! Thi...	3 beds \| 2 baths \| 2,402 sq.ft.	$275,000	Airbnb cash on cash: 4.52% Traditional cash on cash: 3.54% Airbnb Rental Income: $2210 Traditional Rental Income: $1398 Airbnb ROI: 4.52% Traditional ROI: 3.54%
255 W Pekin Rd Lebanon, OH Discover your own private retreat in Lebanon! This charming Old Virginia Log Home is set o...	3 beds \| 2 baths \| 2,084 sq.ft.	$594,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 0.8% Airbnb Rental Income: $2058 Traditional Rental Income: $1948 Airbnb ROI: 0.04% Traditional ROI: 0.8%
904 Hartz Dr Lebanon, OH Well maintained 3 bedroom 1.5 bath brick ranch with a 1 car garage, kitchen has wood cabin...	3 beds \| 1 baths \| 1,404 sq.ft.	$299,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 1.9% Airbnb Rental Income: $2058 Traditional Rental Income: $1347 Airbnb ROI: 2.53% Traditional ROI: 1.9%
1358 Shaker Run Blvd Lebanon, OH Beautifully maintained home in the Shaker Run community which offers pools, club house, pl...	4 beds \| 4 baths \| 3,682 sq.ft.	$719,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 1.68% Airbnb Rental Income: $2210 Traditional Rental Income: $2993 Airbnb ROI: -0.32% Traditional ROI: 1.68%
109 Maple Ave Lebanon, OH Meticulously maintained 3 bedroom 2 full bath ranch with brand new flooring and fresh pain...	3 beds \| 2 baths \| 1,240 sq.ft.	$299,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 2.42% Airbnb Rental Income: $2058 Traditional Rental Income: $1495 Airbnb ROI: 2.53% Traditional ROI: 2.42%
1278 Autumn Ridge Dr Lebanon, OH Only one year young and so many improvements have been made since built. You cannot build ...	4 beds \| 2 baths \| 3,133 sq.ft.	$548,500	Airbnb cash on cash: 1.74% Traditional cash on cash: 3.13% Airbnb Rental Income: $2210 Traditional Rental Income: $2369 Airbnb ROI: 1.74% Traditional ROI: 3.13%
512 Patterson Ct Lebanon, OH Great spacious home with finished basement! Formal living room, dining room which could e...	4 beds \| 3 baths \| 2,915 sq.ft.	$399,900	Airbnb cash on cash: 1.62% Traditional cash on cash: 3.01% Airbnb Rental Income: $2210 Traditional Rental Income: $2176 Airbnb ROI: 1.62% Traditional ROI: 3.01%
1115 Silversmith Way Lebanon, OH The Northfield C design by Monarch Homes offers 1st floor Owners Suite, 9' ceilings, kitch...	4 beds \| 2 baths \| 2,159 sq.ft.	$442,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 3.88% Airbnb Rental Income: $2210 Traditional Rental Income: $2188 Airbnb ROI: 2.59% Traditional ROI: 3.88%
850 Sand Trap Pl Lebanon, OH Come Live and Play, with no waiting to build, in this nearly new, 3,900-square-foot Fische...	4 beds \| 3 baths \| 3,994 sq.ft.	$670,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 1.65% Airbnb Rental Income: $2210 Traditional Rental Income: $2781 Airbnb ROI: -0.16% Traditional ROI: 1.65%
5283 Greenview Ln Lebanon, OH New Construction by Fischer Homes in the beautiful Shaker Run community with the Blair pla...	4 beds \| 2 baths \| N/A	$675,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 1.4% Airbnb Rental Income: $2210 Traditional Rental Income: $2606 Airbnb ROI: -0.12% Traditional ROI: 1.4%
868 Arrowood Ct Lebanon, OH Meticulously maintained 4 bedroom 2.5 bath home on cul-de-sac street in established neighb...	4 beds \| 2 baths \| 2,852 sq.ft.	$400,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 3.84% Airbnb Rental Income: $2210 Traditional Rental Income: $2487 Airbnb ROI: 1.61% Traditional ROI: 3.84%
403 Keever St Lebanon, OH Adorable move in ready 3 bedroom 2 full bath cape cod home with many updates! New flooring...	3 beds \| 2 baths \| 1,510 sq.ft.	$349,000	Airbnb cash on cash: 2.79% Traditional cash on cash: 3.55% Airbnb Rental Income: $2058 Traditional Rental Income: $1773 Airbnb ROI: 2.79% Traditional ROI: 3.55%
1633 Cantebury Ln Lebanon, OH Welcome home to this Beautiful 2-Story Home that offers 4 Bedroom + 2.5 Bathrooms and 1,79...	4 beds \| 2 baths \| 1,792 sq.ft.	$375,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 3.65% Airbnb Rental Income: $2210 Traditional Rental Income: $2283 Airbnb ROI: 1.86% Traditional ROI: 3.65%
214 Columbus Ave Lebanon, OH Beautifully remodeled home. Peace of mind for any buyer. New roof, gutters, hvac, windows,...	4 beds \| 2 baths \| 1,968 sq.ft.	$349,900	Airbnb cash on cash: 2.98% Traditional cash on cash: 4.37% Airbnb Rental Income: $2210 Traditional Rental Income: $2107 Airbnb ROI: 2.98% Traditional ROI: 4.37%
4425 Waters Edge Ln Lebanon, OH Experience Refined, Low-Maintenance Living In This Newer Northport II By Fischer Homes In ...	2 beds \| 2 baths \| 1,909 sq.ft.	$409,900	Airbnb cash on cash: -0.88% Traditional cash on cash: 1.05% Airbnb Rental Income: $1568 Traditional Rental Income: $1857 Airbnb ROI: -0.88% Traditional ROI: 1.05%
375 Greys Run Lebanon, OH The Elkton C Ranch by Monarch Homes offers 1,773 finished SF, 3 bedrooms, 2 full baths, 9...	3 beds \| 2 baths \| 1,768 sq.ft.	$446,335	Airbnb cash on cash: 0.62% Traditional cash on cash: 1.27% Airbnb Rental Income: $2058 Traditional Rental Income: $1800 Airbnb ROI: 0.62% Traditional ROI: 1.27%
1379 Shaker Run Blvd Lebanon, OH Welcome to luxury living on the Shaker Run Golf Course! This brick & stone masterpiece h...	3 beds \| 2 baths \| 4,649 sq.ft.	$715,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 1.15% Airbnb Rental Income: $2058 Traditional Rental Income: $2628 Airbnb ROI: -0.5% Traditional ROI: 1.15%
2696 Wilmington Rd Lebanon, OH Welcome to a charming country estate that stands as a testament to both history and luxury...	5 beds \| 3 baths \| 5,552 sq.ft.	$2,000,000	Airbnb cash on cash: -1.68% Traditional cash on cash: -0.16% Airbnb Rental Income: $2287 Traditional Rental Income: $4531 Airbnb ROI: -1.68% Traditional ROI: -0.16%
1394 Kirby Rd Lebanon, OH You must see this completely renovated 4 bedroom open concept home with the perfect blend ...	4 beds \| 2 baths \| 3,398 sq.ft.	$585,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 1.74% Airbnb Rental Income: $2210 Traditional Rental Income: $2436 Airbnb ROI: 0.31% Traditional ROI: 1.74%
356 Old St Rt 122 Lebanon, OH SOLD FOR $489K IN 2020! Incredibly Charming, Totally Remodeled, Turn of the Century 4-5 Be...	5 beds \| 2 baths \| 3,606 sq.ft.	$460,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 6.77% Airbnb Rental Income: $2287 Traditional Rental Income: $4103 Airbnb ROI: 1.23% Traditional ROI: 6.77%
5325 Augusta Dr Lebanon, OH Gorgeous new construction by Fischer Homes in beautiful Majors at Shaker Run, featuring th...	2 beds \| 2 baths \| 1,469 sq.ft.	$379,900	Airbnb cash on cash: 1.33% Traditional cash on cash: 1.65% Airbnb Rental Income: $1568 Traditional Rental Income: $1231 Airbnb ROI: 1.33% Traditional ROI: 1.65%
405 Bethpage Way Lebanon, OH Welcome to this stunning Fischer Homes Hayward plan in the sought-after Majors at Shaker R...	2 beds \| 2 baths \| N/A	$338,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 2.6% Airbnb Rental Income: $1568 Traditional Rental Income: $2021 Airbnb ROI: -0.25% Traditional ROI: 2.6%
962 Evergreen Park Ln Lebanon, OH Walk right to this beautiful nestled close to the heart of Lebanon. Located in the desirab...	4 beds \| 2 baths \| 2,164 sq.ft.	$399,900	Airbnb cash on cash: 1.57% Traditional cash on cash: 4.56% Airbnb Rental Income: $2210 Traditional Rental Income: $2775 Airbnb ROI: 1.57% Traditional ROI: 4.56%
376 Greys Run Lebanon, OH Welcome to luxury ranch living where timeless design meets modern convenience. This stunni...	3 beds \| 2 baths \| N/A	$519,250	Airbnb cash on cash: 0.18% Traditional cash on cash: 1.51% Airbnb Rental Income: $2058 Traditional Rental Income: $2176 Airbnb ROI: 0.18% Traditional ROI: 1.51%
415 Bandon Dunes Ct #12202 Lebanon, OH Gorgeous new Saybrook plan by Fischer Homes in the beautiful Majors at Shaker Run, featuri...	3 beds \| 2 baths \| 2,739 sq.ft.	$498,900	Airbnb cash on cash: -0.63% Traditional cash on cash: 2.13% Airbnb Rental Income: $2058 Traditional Rental Income: $2815 Airbnb ROI: -0.63% Traditional ROI: 2.13%
427 Bandon Dunes #12304 Lebanon, OH Gorgeous new Northport II plan by Fischer Homes in beautiful Majors at Shaker Run offers a...	2 beds \| 2 baths \| 1,956 sq.ft.	$431,900	Airbnb cash on cash: -1.55% Traditional cash on cash: 1.61% Airbnb Rental Income: $1568 Traditional Rental Income: $2399 Airbnb ROI: -1.55% Traditional ROI: 1.61%
415 Bandon Dunes Court #12-202 Lebanon, OH orgeous new construction in the beautiful Majors at Shaker Run, featuring a private 1st fl...	3 beds \| 3 baths \| 2,739 sq.ft.	$498,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 2.54% Airbnb Rental Income: $2058 Traditional Rental Income: $2827 Airbnb ROI: -0.25% Traditional ROI: 2.54%
411 Bandon Dunes Court #12-302 Lebanon, OH New construction by Fischer Homes in the beautiful Majors at Shaker Run community, featuri...	2 beds \| 2 baths \| 1,870 sq.ft.	$384,900	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.41% Airbnb Rental Income: $1568 Traditional Rental Income: $2497 Airbnb ROI: -0.41% Traditional ROI: 3.41%

Real Estate investment in Lebanon, OH

There are 440 properties for sale in the city of Lebanon . The median list price in Lebanon is $329,803 and the average price per square foot is $151. In October 2026, the average monthly cash on cash return in Lebanon is 2.00%. The average monthly rental income in Lebanon is $1,832.

Lebanon, OH Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 440 investment properties available for sale in Lebanon.

In 2026, the best neighborhood to buy investment property is Lebanon.

The ROI for Short-Term is higher than the Long-Term in Lebanon with average rental income of $2,058.

Your search for investment property begins and ends here

Investment Property for Sale in Lebanon, OH

406 Bailey St

Lebanon, OH

3 beds | 2 baths | N/A

$639,900

Airbnb cash on cash: -0.2%

Traditional cash on cash: 0.2%

Airbnb Rental Income: $2058

Traditional Rental Income: $1764

Airbnb ROI: -0.2%

Traditional ROI: 0.2%

4303 Hunting Hawk Dr

Lebanon, OH

4 beds | 2 baths | 1,904 sq.ft.

$400,000

Airbnb cash on cash: 1.44%

Traditional cash on cash: 2.98%

Airbnb Rental Income: $2210

Traditional Rental Income: $2230

Airbnb ROI: 1.44%

Traditional ROI: 2.98%

3822 Greentree Rd

Lebanon, OH

3 beds | 2 baths | 988 sq.ft.

$300,000

Airbnb cash on cash: 3.47%

Traditional cash on cash: 4.88%

Airbnb Rental Income: $2058

Traditional Rental Income: $1922

Airbnb ROI: 3.47%

Traditional ROI: 4.88%

551 Hoffmann Ave

Lebanon, OH

3 beds | 2 baths | 1,520 sq.ft.

$312,500

Airbnb cash on cash: 2.33%

Traditional cash on cash: 2.55%

Airbnb Rental Income: $2058

Traditional Rental Income: $1589

Airbnb ROI: 2.33%

Traditional ROI: 2.55%

19 Edmon Ct

Lebanon, OH

3 beds | 2 baths | 1,141 sq.ft.

$299,000

Airbnb cash on cash: 3.04%

Traditional cash on cash: 2.67%

Airbnb Rental Income: $2058

Traditional Rental Income: $1423

Airbnb ROI: 3.04%

Traditional ROI: 2.67%

1529 Shaker Run Blvd

Lebanon, OH

4 beds | 3 baths | 4,296 sq.ft.

$739,990

Airbnb cash on cash: -0.39%

Traditional cash on cash: 0.99%

Airbnb Rental Income: $2210

Traditional Rental Income: $2604

Airbnb ROI: -0.39%

Traditional ROI: 0.99%

1151 Lake Field Dr

Lebanon, OH

4 beds | 2 baths | 2,352 sq.ft.

$422,000

Airbnb cash on cash: 2.05%

Traditional cash on cash: 3.29%

Airbnb Rental Income: $2210

Traditional Rental Income: $2142

Airbnb ROI: 2.05%

Traditional ROI: 3.29%

233 Old St Rt 122

Lebanon, OH

3 beds | 2 baths | 1,225 sq.ft.

$340,000

Airbnb cash on cash: 3.05%

Traditional cash on cash: 2.9%

Airbnb Rental Income: $2058

Traditional Rental Income: $1480

Airbnb ROI: 3.05%