Real Estate Investment Properties for Sale in Damascus, OR

Looking for investment property in Damascus, OR with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
13857 SE RUST Way Damascus, OR One-of-a-kind Damascus mid-century modern set on nearly 3/4 acre, ready for your personal ...	3 beds \| 2 baths \| 1,851 sq.ft.	$799,999	Airbnb cash on cash: -0.78% Traditional cash on cash: 2.54% Airbnb Rental Income: $1279 Traditional Rental Income: $3356 Airbnb ROI: -0.78% Traditional ROI: 2.54%
15694 SE UPMAN Way Damascus, OR Welcome Home to This Beautiful Corner-Lot Retreat in a Quiet Cul-de-SacThis stunning home ...	3 beds \| 3 baths \| 2,225 sq.ft.	$565,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 4.18% Airbnb Rental Income: $1279 Traditional Rental Income: $3307 Airbnb ROI: -0.42% Traditional ROI: 4.18%
15156 SE SHALE Dr Damascus, OR Gorgeous end unit townhouse in Windswept Waters with backyard access to parks, walking tra...	3 beds \| 3 baths \| 1,588 sq.ft.	$429,900	Airbnb cash on cash: -0.91% Traditional cash on cash: 4.24% Airbnb Rental Income: $1279 Traditional Rental Income: $2952 Airbnb ROI: -0.91% Traditional ROI: 4.24%
16400 SE HIGHWAY 224 Damascus, OR PRIME COMMERCIAL DEVELOPMENT PROPERTY IN THE APPROVED PLEASANT VALLEY NORTH CARVER COMPREH...	4 beds \| 2 baths \| 3,508 sq.ft.	$1,900,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 1.01% Airbnb Rental Income: $2311 Traditional Rental Income: $4097 Airbnb ROI: -0.32% Traditional ROI: 1.01%
16265 SE HIGHWAY 224 Damascus, OR Incredible opportunity to purchase a home/office and shop with RC zoning in a fantastic lo...	2 beds \| 1 baths \| 1,038 sq.ft.	$539,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 2.55% Airbnb Rental Income: $840 Traditional Rental Income: $2108 Airbnb ROI: -0.62% Traditional ROI: 2.55%
21145 SE TILLSTROM Rd Damascus, OR For the first time in 50 years this charming 2 story home on 10.7 acres is available. Feat...	4 beds \| 2 baths \| 4,260 sq.ft.	$750,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.2% Airbnb Rental Income: $2311 Traditional Rental Income: $3983 Airbnb ROI: 0.99% Traditional ROI: 4.2%
19691 SE SEMPLE Rd Damascus, OR Discover your private paradise on 2.29 fully fenced and gated acres in Damascus. Built in ...	3 beds \| 2 baths \| 1,656 sq.ft.	$975,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 1.27% Airbnb Rental Income: $1279 Traditional Rental Income: $2830 Airbnb ROI: -0.88% Traditional ROI: 1.27%
18027 SE EMI St Damascus, OR Welcome to this exceptional property that offers space, comfort, and versatility on a juni...	3 beds \| 3 baths \| 1,785 sq.ft.	$699,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 3.08% Airbnb Rental Income: $1279 Traditional Rental Income: $3238 Airbnb ROI: -0.54% Traditional ROI: 3.08%
12467 SE WATER DROP Way Damascus, OR Experience this modern, smart, and energy-efficient home packed with all the bells and whi...	3 beds \| 3 baths \| 1,564 sq.ft.	$449,900	Airbnb cash on cash: -0.75% Traditional cash on cash: 5.07% Airbnb Rental Income: $1279 Traditional Rental Income: $3328 Airbnb ROI: -0.75% Traditional ROI: 5.07%
17080 SE TROGE Rd Damascus, OR Welcome to this great modern home in Happy Valley's coveted Pleasant Valley Village where ...	3 beds \| 3 baths \| 1,842 sq.ft.	$610,000	Airbnb cash on cash: -0.94% Traditional cash on cash: 2.57% Airbnb Rental Income: $1279 Traditional Rental Income: $2877 Airbnb ROI: -0.94% Traditional ROI: 2.57%
16356 SE ANDEREGG Pkwy Damascus, OR Open house 4/12 12pm-2pm Home includes home warranty! Welcome home to this beautifully upg...	4 beds \| 3 baths \| 2,534 sq.ft.	$625,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 4.06% Airbnb Rental Income: $2311 Traditional Rental Income: $3686 Airbnb ROI: 0.72% Traditional ROI: 4.06%
13823 SE NIGHTINGALE Ave Damascus, OR Former model home with lots upgrades,backing to green space for added privacy.Spacious hom...	5 beds \| 3 baths \| 2,903 sq.ft.	$799,999	Airbnb cash on cash: -1.61% Traditional cash on cash: 2.81% Airbnb Rental Income: $968 Traditional Rental Income: $3912 Airbnb ROI: -1.61% Traditional ROI: 2.81%
11708 SE DOG MOUNTAIN Ter Damascus, OR Built in 2023, this beautiful 4 bed, 3 full bath home offers modern comfort and flexible l...	4 beds \| 3 baths \| 2,366 sq.ft.	$760,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 3.22% Airbnb Rental Income: $2311 Traditional Rental Income: $3964 Airbnb ROI: 0.08% Traditional ROI: 3.22%
11692 SE HORSE TAIL FALLS Way Damascus, OR New Price! Better than new home with over $30K in upgrades! This move-in ready home in the...	4 beds \| 3 baths \| 1,670 sq.ft.	$609,999	Airbnb cash on cash: 0.65% Traditional cash on cash: 3.9% Airbnb Rental Income: $2311 Traditional Rental Income: $3588 Airbnb ROI: 0.65% Traditional ROI: 3.9%
12840 SE 257TH Ave Damascus, OR Set on 5.17 private acres with sweeping valley views, this custom home was thoughtfully de...	5 beds \| 3 baths \| 3,378 sq.ft.	$1,380,000	Airbnb cash on cash: -1.25% Traditional cash on cash: 1.65% Airbnb Rental Income: $968 Traditional Rental Income: $4330 Airbnb ROI: -1.25% Traditional ROI: 1.65%
15429 SE COBALT Loop Damascus, OR Beautifully updated townhouse in the Crest View Townhomes community offering comfort, func...	3 beds \| 3 baths \| 1,665 sq.ft.	$434,900	Airbnb cash on cash: -1.26% Traditional cash on cash: 4.07% Airbnb Rental Income: $1279 Traditional Rental Income: $3046 Airbnb ROI: -1.26% Traditional ROI: 4.07%
21120 SE LANSING Ln Damascus, OR Nestled on a spacious, beautifully landscaped lot, this charming 1973 home offers a perfec...	3 beds \| 2 baths \| 2,001 sq.ft.	$699,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 3.06% Airbnb Rental Income: $1279 Traditional Rental Income: $3255 Airbnb ROI: -0.59% Traditional ROI: 3.06%
20320 SE WALGREN Rd Damascus, OR This 1 level ranch sets on almost 2 acres of land. The home has been refreshed with interi...	3 beds \| 1 baths \| 1,445 sq.ft.	$599,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 2.21% Airbnb Rental Income: $1279 Traditional Rental Income: $2267 Airbnb ROI: -0.27% Traditional ROI: 2.21%
12648 SE 172ND Ave Damascus, OR Open House Saturday April 11th 11:00am-1:00pm. One owner home in move in condition. Low ma...	3 beds \| 3 baths \| 1,547 sq.ft.	$409,950	Airbnb cash on cash: -0.37% Traditional cash on cash: 5.04% Airbnb Rental Income: $1279 Traditional Rental Income: $2955 Airbnb ROI: -0.37% Traditional ROI: 5.04%
16138 SE GOOSEHOLLOW Dr Damascus, OR Stunning traditional home located in coveted Orchard Lake neighborhood. 4 bedrooms, 2 1/2 ...	4 beds \| 3 baths \| 2,924 sq.ft.	$719,500	Airbnb cash on cash: 0.17% Traditional cash on cash: 3.71% Airbnb Rental Income: $2311 Traditional Rental Income: $4111 Airbnb ROI: 0.17% Traditional ROI: 3.71%

Real Estate investment in Damascus, OR

There are 23 properties for sale in the city of Damascus . The median list price in Damascus is $609,999 and the average price per square foot is $304. In April 2026, the average monthly cash on cash return in Damascus is 4.00%. The average monthly rental income in Damascus is $3,110.

Damascus, OR Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 23 investment properties available for sale in Damascus.

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

The ROI for Short-Term is higher than the Long-Term in Damascus with average rental income of $1,279.

Your search for investment property begins and ends here

Investment Property for Sale in Damascus, OR

13857 SE RUST Way

Damascus, OR

3 beds | 2 baths | 1,851 sq.ft.

$799,999

Airbnb cash on cash: -0.78%

Traditional cash on cash: 2.54%

Airbnb Rental Income: $1279

Traditional Rental Income: $3356

Airbnb ROI: -0.78%

Traditional ROI: 2.54%

15694 SE UPMAN Way

Damascus, OR

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

$565,000

Airbnb cash on cash: -0.42%

Traditional cash on cash: 4.18%

Airbnb Rental Income: $1279

Traditional Rental Income: $3307

Airbnb ROI: -0.42%

Traditional ROI: 4.18%

15156 SE SHALE Dr

Damascus, OR

3 beds | 3 baths | 1,588 sq.ft.

$429,900

Airbnb cash on cash: -0.91%

Traditional cash on cash: 4.24%

Airbnb Rental Income: $1279

Traditional Rental Income: $2952

Airbnb ROI: -0.91%

Traditional ROI: 4.24%

16400 SE HIGHWAY 224

Damascus, OR

4 beds | 2 baths | 3,508 sq.ft.

$1,900,000

Airbnb cash on cash: -0.32%

Traditional cash on cash: 1.01%

Airbnb Rental Income: $2311

Traditional Rental Income: $4097

Airbnb ROI: -0.32%

Traditional ROI: 1.01%

16265 SE HIGHWAY 224

Damascus, OR

2 beds | 1 baths | 1,038 sq.ft.

$539,000

Airbnb cash on cash: -0.62%

Traditional cash on cash: 2.55%

Airbnb Rental Income: $840

Traditional Rental Income: $2108

Airbnb ROI: -0.62%

Traditional ROI: 2.55%

21145 SE TILLSTROM Rd

Damascus, OR

4 beds | 2 baths | 4,260 sq.ft.

$750,000

Airbnb cash on cash: 0.99%

Traditional cash on cash: 4.2%

Airbnb Rental Income: $2311

Traditional Rental Income: $3983

Airbnb ROI: 0.99%

Traditional ROI: 4.2%

19691 SE SEMPLE Rd

Damascus, OR

3 beds | 2 baths | 1,656 sq.ft.

$975,000

Airbnb cash on cash: -0.88%

Traditional cash on cash: 1.27%

Airbnb Rental Income: $1279

Traditional Rental Income: $2830

Airbnb ROI: -0.88%

Traditional ROI: 1.27%

18027 SE EMI St

Damascus, OR

3 beds | 3 baths | 1,785 sq.ft.

$699,000

Airbnb cash on cash: -0.54%

Traditional cash on cash: 3.08%

Airbnb Rental Income: $1279

Traditional Rental Income: $3238

Airbnb ROI: -0.54%