Real Estate Investment Properties for Sale in Hermiston, OR

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
717 W PHEASANT Ave Hermiston, OR Welcome to this beautifully maintained single-level home offering comfort, charm, and a wo...	4 beds \| 2 baths \| 1,598 sq.ft.	$374,999	Airbnb cash on cash: N/A Traditional cash on cash: 6.22% Airbnb Rental Income: $null Traditional Rental Income: $2995 Airbnb ROI: N/A Traditional ROI: 6.22%
460 E Sunset Dr Hermiston, OR This 2 bedroom 1 bath home would make a great investment property, or a first time home. C...	2 beds \| 1 baths \| 727 sq.ft.	$272,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.6% Airbnb Rental Income: $null Traditional Rental Income: $1404 Airbnb ROI: N/A Traditional ROI: 3.6%
790 W Division Ave Hermiston, OR Seller says, bring me an offer! Welcome to this warm and inviting single-level 3-bedroom, ...	3 beds \| 2 baths \| 1,758 sq.ft.	$369,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.35% Airbnb Rental Income: $null Traditional Rental Income: $3426 Airbnb ROI: N/A Traditional ROI: 7.35%
370 SE 9th Dr Hermiston, OR Beautifully remodeled home in established Highland hills neighborhood. Home features a bea...	3 beds \| 2 baths \| 1,872 sq.ft.	$384,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.2% Airbnb Rental Income: $null Traditional Rental Income: $1957 Airbnb ROI: N/A Traditional ROI: 3.2%
521 E RIDGEWAY Ave Hermiston, OR Home is being sold as is and offers a great opportunity for a first-time buyer or investor...	3 beds \| 1 baths \| 1,524 sq.ft.	$224,950	Airbnb cash on cash: N/A Traditional cash on cash: 8.77% Airbnb Rental Income: $null Traditional Rental Income: $2406 Airbnb ROI: N/A Traditional ROI: 8.77%
2122 NW Dawn Dr Hermiston, OR Tour this Spectacular Home in Hermiston, OR - Featuring 4 Bedrooms and 2.5 BathsExperience...	4 beds \| 2 baths \| 1,589 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.97% Airbnb Rental Income: $null Traditional Rental Income: $3142 Airbnb ROI: N/A Traditional ROI: 6.97%
370 W Moore Ave Hermiston, OR Well maintained 3 bedroom 2 1/2 bath home in an established neighborhood. It sits on a co...	3 beds \| 2 baths \| 1,841 sq.ft.	$389,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.2% Airbnb Rental Income: $null Traditional Rental Income: $1957 Airbnb ROI: N/A Traditional ROI: 3.2%
1205 S 1ST St Hermiston, OR One-of-a-Kind Hermiston Property on 1.2 Acres with full water rights!!Welcome home to this...	4 beds \| 2 baths \| 1,954 sq.ft.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 7% Airbnb Rental Income: $null Traditional Rental Income: $3514 Airbnb ROI: N/A Traditional ROI: 7%
620 W Wren Ave Hermiston, OR Well maintained 3 bed 2 bath home on a large fully fenced corner lot. This property featu...	3 beds \| 2 baths \| 1,451 sq.ft.	$359,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.89% Airbnb Rental Income: $null Traditional Rental Income: $2111 Airbnb ROI: N/A Traditional ROI: 3.89%
1795 NW 11th St Hermiston, OR 1ac of land at the edge of town with 1788sf home, 30x46x14 shop with RV hookup and 20x56 c...	3 beds \| 2 baths \| 1,788 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.52% Airbnb Rental Income: $null Traditional Rental Income: $2141 Airbnb ROI: N/A Traditional ROI: 4.52%
1791 NW 11th St Hermiston, OR This 3bd/1ba + office home sits on .26ac close to town. Large living area, galley kitchen,...	2 beds \| 1 baths \| 1,278 sq.ft.	$199,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.26% Airbnb Rental Income: $null Traditional Rental Income: $1397 Airbnb ROI: N/A Traditional ROI: 5.26%
1675 NW 11th St Hermiston, OR This property has a 1004sf 2bd/1ba home and a Manufactured Home Duplex on 1.03ac. Each hav...	6 beds \| 3 baths \| 2,604 sq.ft.	$449,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.31% Airbnb Rental Income: $null Traditional Rental Income: $1400 Airbnb ROI: N/A Traditional ROI: 1.31%
833 E Autumn Ave Hermiston, OR MLS# 268688 PRICE REDUCTION! Beautiful new Construction Olin Homes (OR) LLC.. home! 1854 ...	3 beds \| 2 baths \| 1,854 sq.ft.	$467,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.73% Airbnb Rental Income: $null Traditional Rental Income: $2266 Airbnb ROI: N/A Traditional ROI: 3.73%
856 E Autumn Ave Hermiston, OR MLS# 268692 Newly improved price! Beautiful 4 bedroom 2.5 bath new construction home. Buil...	4 beds \| 2 baths \| 1,935 sq.ft.	$444,800	Airbnb cash on cash: N/A Traditional cash on cash: 5.1% Airbnb Rental Income: $null Traditional Rental Income: $2722 Airbnb ROI: N/A Traditional ROI: 5.1%
240 W Moore Ave Hermiston, OR Charming 1373 sq. ft. family home ideally situated near Hermiston High school, Elementary ...	3 beds \| 2 baths \| 1,373 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.54% Airbnb Rental Income: $null Traditional Rental Income: $2183 Airbnb ROI: N/A Traditional ROI: 4.54%
1382 SW RIVERHILL Dr Hermiston, OR Newly remodeled charming 3 bedroom and 2 bathroom home. Featuring vaulted ceilings, open f...	3 beds \| 2 baths \| 1,374 sq.ft.	$329,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.41% Airbnb Rental Income: $null Traditional Rental Income: $2096 Airbnb ROI: N/A Traditional ROI: 4.41%
660 W Orchard Ave Hermiston, OR Location, Location, Location AND charm!! Welcome to this inviting 3-bedroom bungalow with ...	3 beds \| 1 baths \| 1,167 sq.ft.	$257,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.25% Airbnb Rental Income: $null Traditional Rental Income: $2564 Airbnb ROI: N/A Traditional ROI: 8.25%
1655 NE 2ND St Hermiston, OR This beautifully updated home in Hermiston sits on nearly half an acre across two tax lots...	3 beds \| 1 baths \| 1,170 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.52% Airbnb Rental Income: $null Traditional Rental Income: $2592 Airbnb ROI: N/A Traditional ROI: 5.52%
33981 HILLTOP Dr Hermiston, OR Enjoy the magnificent views of the Columbia River from every room of this 3 bed, 3 bath co...	3 beds \| 3 baths \| 2,529 sq.ft.	$689,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.73% Airbnb Rental Income: $null Traditional Rental Income: $3712 Airbnb ROI: N/A Traditional ROI: 3.73%
80805 TABOR Rd Hermiston, OR Welcome to your own slice of paradise. situated on 4.69 irrigated acres in a beautiful Cou...	3 beds \| 2 baths \| 3,092 sq.ft.	$729,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.97% Airbnb Rental Income: $null Traditional Rental Income: $3796 Airbnb ROI: N/A Traditional ROI: 3.97%
833 E Montana Ave Hermiston, OR This property is ideal if you have aging parents, adult children that come to visit or may...	4 beds \| 3 baths \| 2,647 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.53% Airbnb Rental Income: $null Traditional Rental Income: $4224 Airbnb ROI: N/A Traditional ROI: 6.53%
153 W Beech Ave Hermiston, OR This property offers three separate units! A duplex plus an Additional Dwelling Unit (ADU)...	7 beds \| 3 baths \| 1,456 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.65% Airbnb Rental Income: $null Traditional Rental Income: $2143 Airbnb ROI: N/A Traditional ROI: 5.65%
80591 SANDPIPER Ln Hermiston, OR Well-cared-for and move-in ready, this 1,782 sq ft, 3 bedroom, 2 bath home sits on a priva...	3 beds \| 2 baths \| 1,782 sq.ft.	$439,950	Airbnb cash on cash: N/A Traditional cash on cash: 5.41% Airbnb Rental Income: $null Traditional Rental Income: $2951 Airbnb ROI: N/A Traditional ROI: 5.41%
290 E McKinney Ave Hermiston, OR Get ready to fall in love with this absolute dream property that perfectly blends country ...	3 beds \| 3 baths \| 2,542 sq.ft.	$950,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.68% Airbnb Rental Income: $null Traditional Rental Income: $4045 Airbnb ROI: N/A Traditional ROI: 2.68%
994 E HURLBURT Ave Hermiston, OR Why settle for ordinary when you can have spacious main-level living, a backyard built for...	3 beds \| 3 baths \| 2,889 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.72% Airbnb Rental Income: $null Traditional Rental Income: $3788 Airbnb ROI: N/A Traditional ROI: 5.72%
821 SE 9TH Dr Hermiston, OR Welcome home to this brand new construction, 3 bedroom, 2 bath home in the heart of Hermis...	4 beds \| 2 baths \| 1,460 sq.ft.	$374,950	Airbnb cash on cash: N/A Traditional cash on cash: 7.33% Airbnb Rental Income: $null Traditional Rental Income: $3088 Airbnb ROI: N/A Traditional ROI: 7.33%
526 W THEATER Ln Hermiston, OR Welcome home! This move-in ready 1,468 sq. ft. single-level gem in the desirable Theater P...	3 beds \| 2 baths \| 1,468 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.9% Airbnb Rental Income: $null Traditional Rental Income: $2884 Airbnb ROI: N/A Traditional ROI: 5.9%
738 E CATHERINE Ave Hermiston, OR Well maintained 3 bedroom 2 bath home with a storage or office space. Rebuilt from bottom ...	3 beds \| 2 baths \| 1,688 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.2% Airbnb Rental Income: $null Traditional Rental Income: $2955 Airbnb ROI: N/A Traditional ROI: 7.2%
32402 Shoop Ln Hermiston, OR Enjoy the best of convenient country living on 5 acres with water rights- far enough out f...	3 beds \| 2 baths \| 1,458 sq.ft.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.69% Airbnb Rental Income: $null Traditional Rental Income: $2604 Airbnb ROI: N/A Traditional ROI: 2.69%
490 NW 3RD St Hermiston, OR Huge Investment Potential! This 3 Bedroom, One Level Home sits on a corner lot with a fenc...	3 beds \| 1 baths \| 1,058 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.52% Airbnb Rental Income: $null Traditional Rental Income: $2561 Airbnb ROI: N/A Traditional ROI: 7.52%
2457 NE 5th St Hermiston, OR Welcome to this wonderfully maintained and gently lived-in 3-bedroom, 2 bath home built in...	3 beds \| 2 baths \| 1,352 sq.ft.	$357,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.44% Airbnb Rental Income: $null Traditional Rental Income: $3293 Airbnb ROI: N/A Traditional ROI: 7.44%
1322 NE GILLESPIE Ln Hermiston, OR THIS HOME IS NOT FOR RENT. The Perks of Country Living with the Ease of Being Close to Tow...	2 beds \| 2 baths \| 1,373 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $2434 Airbnb ROI: N/A Traditional ROI: 5.86%
885 W Duane Ave Hermiston, OR Welcome home to this charming 3-bedroom, 2-bath property tucked within one of Hermiston's ...	3 beds \| 2 baths \| 1,294 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.31% Airbnb Rental Income: $null Traditional Rental Income: $2735 Airbnb ROI: N/A Traditional ROI: 7.31%
1027 NE EMERALD Dr Hermiston, OR Discover the allure of Hermiston, Oregon's newest community with the Ambience Homes "Jaspe...	3 beds \| 2 baths \| 1,344 sq.ft.	$262,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.94% Airbnb Rental Income: $null Traditional Rental Income: $2842 Airbnb ROI: N/A Traditional ROI: 8.94%
862 E AUTUMN Ave Hermiston, OR Stop scrolling. You've found it. The needle in the haystack. The house that actually check...	3 beds \| 2 baths \| 1,641 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.6% Airbnb Rental Income: $null Traditional Rental Income: $3007 Airbnb ROI: N/A Traditional ROI: 5.6%
1440 NE Misty Dr Hermiston, OR NEW LISTING ALERT IN HERMISTON! 1440 NE Misty DriveIf you need SPACE, this is the one! We ...	5 beds \| 3 baths \| 2,412 sq.ft.	$420,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.96% Airbnb Rental Income: $null Traditional Rental Income: $3586 Airbnb ROI: N/A Traditional ROI: 6.96%

Real Estate investment in Hermiston, OR

There are 126 properties for sale in the city of Hermiston . The median list price in Hermiston is $345,000 and the average price per square foot is $266. In January 2026, the average monthly cash on cash return in Hermiston is 5.00%. The average monthly rental income in Hermiston is $2,111.

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

There are 126 investment properties available for sale in Hermiston.

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

The ROI for Short-Term is higher than the Long-Term in Hermiston with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Hermiston, OR

717 W PHEASANT Ave

Hermiston, OR

4 beds | 2 baths | 1,598 sq.ft.

$374,999

Airbnb cash on cash: N/A

Traditional cash on cash: 6.22%

Airbnb Rental Income: $null

Traditional Rental Income: $2995

Airbnb ROI: N/A

Traditional ROI: 6.22%

460 E Sunset Dr

Hermiston, OR

2 beds | 1 baths | 727 sq.ft.

$272,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.6%

Airbnb Rental Income: $null

Traditional Rental Income: $1404

Airbnb ROI: N/A

Traditional ROI: 3.6%

790 W Division Ave

Hermiston, OR

3 beds | 2 baths | 1,758 sq.ft.

$369,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.35%

Airbnb Rental Income: $null

Traditional Rental Income: $3426

Airbnb ROI: N/A

Traditional ROI: 7.35%

370 SE 9th Dr

Hermiston, OR

3 beds | 2 baths | 1,872 sq.ft.

$384,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.2%

Airbnb Rental Income: $null

Traditional Rental Income: $1957

Airbnb ROI: N/A

Traditional ROI: 3.2%

521 E RIDGEWAY Ave

Hermiston, OR

3 beds | 1 baths | 1,524 sq.ft.

$224,950

Airbnb cash on cash: N/A

Traditional cash on cash: 8.77%

Airbnb Rental Income: $null

Traditional Rental Income: $2406

Airbnb ROI: N/A

Traditional ROI: 8.77%

2122 NW Dawn Dr

Hermiston, OR

4 beds | 2 baths | 1,589 sq.ft.

$345,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.97%

Airbnb Rental Income: $null

Traditional Rental Income: $3142

Airbnb ROI: N/A

Traditional ROI: 6.97%

370 W Moore Ave

Hermiston, OR

3 beds | 2 baths | 1,841 sq.ft.

$389,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.2%

Airbnb Rental Income: $null

Traditional Rental Income: $1957

Airbnb ROI: N/A

Traditional ROI: 3.2%

1205 S 1ST St

Hermiston, OR

4 beds | 2 baths | 1,954 sq.ft.

$415,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7%

Airbnb Rental Income: $null

Traditional Rental Income: $3514

Airbnb ROI: N/A