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
16270 SE JASPER Dr Damascus, OR Experience upscale PNW living in the desirable Windswept Waters community in Damascus, jus...	3 beds \| 2 baths \| 2,717 sq.ft.	$678,369	Airbnb cash on cash: N/A Traditional cash on cash: 2.19% Airbnb Rental Income: $null Traditional Rental Income: $2773 Airbnb ROI: N/A Traditional ROI: 2.19%
15786 SE JANSIK Ct Damascus, OR Beautiful 3 bed, 2.5 bath home in desirable Windswept Waters neighborhood. Features includ...	3 beds \| 2 baths \| 1,997 sq.ft.	$549,950	Airbnb cash on cash: N/A Traditional cash on cash: 4.7% Airbnb Rental Income: $null Traditional Rental Income: $3547 Airbnb ROI: N/A Traditional ROI: 4.7%
13869 SE SISKIN Ln Damascus, OR Beautiful home in the desirable Taralon community, tucked away on a quiet cul-de-sac backi...	3 beds \| 2 baths \| 1,624 sq.ft.	$549,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.33% Airbnb Rental Income: $null Traditional Rental Income: $4032 Airbnb ROI: N/A Traditional ROI: 5.33%
15694 SE UPMAN Way Damascus, OR Welcome Home to This Beautiful Corner-Lot Retreat in a Quiet Cul-de-SacThis stunning home ...	3 beds \| 2 baths \| 2,225 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.88% Airbnb Rental Income: $null Traditional Rental Income: $3307 Airbnb ROI: N/A Traditional ROI: 3.88%
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: N/A Traditional cash on cash: 1.01% Airbnb Rental Income: $null Traditional Rental Income: $4097 Airbnb ROI: N/A Traditional ROI: 1.01%
16911 SE SIRI Ct Damascus, OR Hello Future Owner, I've been waiting for you. From the moment you step inside, you'll fee...	4 beds \| 2 baths \| 2,198 sq.ft.	$637,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $4083 Airbnb ROI: N/A Traditional ROI: 4.61%
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: N/A Traditional cash on cash: 4.2% Airbnb Rental Income: $null Traditional Rental Income: $3983 Airbnb ROI: N/A Traditional ROI: 4.2%
9315 SE KINGSWOOD Way Damascus, OR Great Location with a view and your own private park. Three different living areas with th...	5 beds \| 3 baths \| 3,645 sq.ft.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.14% Airbnb Rental Income: $null Traditional Rental Income: $4571 Airbnb ROI: N/A Traditional ROI: 4.14%
11858 SE HORSE TAIL FALLS Way Damascus, OR Vacant & Better-Than-New! This beautiful 4-bedroom, 2.5-bath home with AC, built in 2021 b...	4 beds \| 2 baths \| 1,923 sq.ft.	$613,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.35% Airbnb Rental Income: $null Traditional Rental Income: $3887 Airbnb ROI: N/A Traditional ROI: 4.35%
8970 SE KINGSWOOD Way Damascus, OR Damascus farmhouse on 5 private acres with a million dollar Mt. Hood view. Arrive in style...	5 beds \| 4 baths \| 3,886 sq.ft.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.23% Airbnb Rental Income: $null Traditional Rental Income: $6161 Airbnb ROI: N/A Traditional ROI: 6.23%
18027 SE EMI St Damascus, OR Welcome to this exceptional property that offers space, comfort, and versatility on a juni...	3 beds \| 2 baths \| 1,785 sq.ft.	$745,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.83% Airbnb Rental Income: $null Traditional Rental Income: $3238 Airbnb ROI: N/A Traditional ROI: 2.83%
12672 SE 172ND Ave Damascus, OR Modern townhome in prime Happy Valley location. Bright open floor plan with living, dining...	4 beds \| 2 baths \| 2,258 sq.ft.	$439,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.84% Airbnb Rental Income: $null Traditional Rental Income: $3922 Airbnb ROI: N/A Traditional ROI: 5.84%
23040 SE YELLOWHAMMER St Damascus, OR Fully Remodeled 5-Bed, 3-Bath Home with large RV/Boat Parking for your toys!, Large Trex D...	5 beds \| 3 baths \| 2,464 sq.ft.	$849,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.35% Airbnb Rental Income: $null Traditional Rental Income: $4080 Airbnb ROI: N/A Traditional ROI: 3.35%
9151 SE HIDEAWAY Ct Damascus, OR Tucked away on a private road in the peaceful neighborhood of Hidden Hollow, a serene corn...	5 beds \| 3 baths \| 2,915 sq.ft.	$799,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.19% Airbnb Rental Income: $null Traditional Rental Income: $4571 Airbnb ROI: N/A Traditional ROI: 4.19%
16685 SE PACIFIC CREST TRAIL Pl Damascus, OR Better than new! Built just one year ago, this immaculate Happy Valley home is packed with...	3 beds \| 2 baths \| 1,594 sq.ft.	$674,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.26% Airbnb Rental Income: $null Traditional Rental Income: $2909 Airbnb ROI: N/A Traditional ROI: 2.26%
16615 SE SUNSHOWER Pl Damascus, OR Welcome to this beautiful townhouse nestled in one of Happy Valley's most sought-after com...	3 beds \| 2 baths \| 1,668 sq.ft.	$479,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.06% Airbnb Rental Income: $null Traditional Rental Income: $3507 Airbnb ROI: N/A Traditional ROI: 5.06%
12467 SE WATER DROP Way Damascus, OR Experience this modern, smart, and energy-efficient home packed with all the bells and whi...	3 beds \| 2 baths \| 1,564 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.51% Airbnb Rental Income: $null Traditional Rental Income: $3328 Airbnb ROI: N/A Traditional ROI: 5.51%
11788 SE HORSE TAIL FALLS Way Damascus, OR Excellent newer construction home built in 2021 with builder upgrades, solar panels, and o...	4 beds \| 3 baths \| 2,700 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.52% Airbnb Rental Income: $null Traditional Rental Income: $4009 Airbnb ROI: N/A Traditional ROI: 3.52%
12685 SE ZION St Damascus, OR Beautifully maintained 3-bedroom, 2.5-bath townhome, offering 1,547 sq ft of modern, comfo...	3 beds \| 2 baths \| 1,547 sq.ft.	$439,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.32% Airbnb Rental Income: $null Traditional Rental Income: $4032 Airbnb ROI: N/A Traditional ROI: 7.32%

Real Estate investment in Damascus, OR

There are 19 properties for sale in the city of Damascus . The median list price in Damascus is $674,000 and the average price per square foot is $276. In January 2026, the average monthly cash on cash return in Damascus is 4.00%. The average monthly rental income in Damascus is $3,922.

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

There are 19 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 $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Damascus, OR

16270 SE JASPER Dr

Damascus, OR

3 beds | 2 baths | 2,717 sq.ft.

$678,369

Airbnb cash on cash: N/A

Traditional cash on cash: 2.19%

Airbnb Rental Income: $null

Traditional Rental Income: $2773

Airbnb ROI: N/A

Traditional ROI: 2.19%

15786 SE JANSIK Ct

Damascus, OR

3 beds | 2 baths | 1,997 sq.ft.

$549,950

Airbnb cash on cash: N/A

Traditional cash on cash: 4.7%

Airbnb Rental Income: $null

Traditional Rental Income: $3547

Airbnb ROI: N/A

Traditional ROI: 4.7%

13869 SE SISKIN Ln

Damascus, OR

3 beds | 2 baths | 1,624 sq.ft.

$549,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.33%

Airbnb Rental Income: $null

Traditional Rental Income: $4032

Airbnb ROI: N/A

Traditional ROI: 5.33%

15694 SE UPMAN Way

Damascus, OR

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

$599,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.88%

Airbnb Rental Income: $null

Traditional Rental Income: $3307

Airbnb ROI: N/A

Traditional ROI: 3.88%

16400 SE HIGHWAY 224

Damascus, OR

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

$1,900,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.01%

Airbnb Rental Income: $null

Traditional Rental Income: $4097

Airbnb ROI: N/A

Traditional ROI: 1.01%

16911 SE SIRI Ct

Damascus, OR

4 beds | 2 baths | 2,198 sq.ft.

$637,500

Airbnb cash on cash: N/A

Traditional cash on cash: 4.61%

Airbnb Rental Income: $null

Traditional Rental Income: $4083

Airbnb ROI: N/A

Traditional ROI: 4.61%

21145 SE TILLSTROM Rd

Damascus, OR

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

$750,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.2%

Airbnb Rental Income: $null

Traditional Rental Income: $3983

Airbnb ROI: N/A

Traditional ROI: 4.2%

9315 SE KINGSWOOD Way

Damascus, OR

5 beds | 3 baths | 3,645 sq.ft.

$799,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.14%

Airbnb Rental Income: $null

Traditional Rental Income: $4571

Airbnb ROI: N/A