Real Estate Investment Properties for Sale in Lebanon, OR

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1750 S 2ND St Lebanon, OR Welcome to this one-of-a-kind custom lodge-style home on nearly three-quarters of an acre!...	3 beds \| 2 baths \| 2,001 sq.ft.	$600,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 3.99% Airbnb Rental Income: $1219 Traditional Rental Income: $3355 Airbnb ROI: -0.52% Traditional ROI: 3.99%
35 S MAIN St Lebanon, OR Classic charm meets smart updates and easy living. Bright, functional layout with two bedr...	4 beds \| 2 baths \| 1,816 sq.ft.	$429,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.6% Airbnb Rental Income: $null Traditional Rental Income: $3461 Airbnb ROI: N/A Traditional ROI: 6.6%
500 Angelee Ct Lebanon, OR Accepted Offer with Contingencies. This 3-bedroom, 2-bath, 1,400 sq.ft. home is move-in re...	3 beds \| 2 baths \| 1,400 sq.ft.	$385,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 5.71% Airbnb Rental Income: $1219 Traditional Rental Income: $2872 Airbnb ROI: 0.05% Traditional ROI: 5.71%
480 Minnesota St Lebanon, OR Accepted Offer with Contingencies. Spacious 4 bed, 2 bath home on a large 0.31-acre lot at...	4 beds \| 2 baths \| 1,782 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.7% Airbnb Rental Income: $null Traditional Rental Income: $3356 Airbnb ROI: N/A Traditional ROI: 7.7%
270 Hobbs St Lebanon, OR RATE BUY DOWN! $5,000 SELLER CREDIT TOWARD RATE BUY DOWN!THE PERFECT PLACE TO PUT DOWN ROO...	3 beds \| 2 baths \| 1,096 sq.ft.	$349,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 4.34% Airbnb Rental Income: $1219 Traditional Rental Income: $2117 Airbnb ROI: 0.42% Traditional ROI: 4.34%
36280 Airport Dr Lebanon, OR Just Listed! This 39-acre Farm! 35 acres Water Rights! 2 high-producing Wells. Underground...	4 beds \| 2 baths \| 1,872 sq.ft.	$700,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.19% Airbnb Rental Income: $null Traditional Rental Income: $3673 Airbnb ROI: N/A Traditional ROI: 4.19%
317 W Jadon Dr Lebanon, OR Charming 4-bed, 2.5-bath, 2,164 sqft home with a 2-car garage. This 2-story gem, built in ...	4 beds \| 3 baths \| 2,164 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.07% Airbnb Rental Income: $null Traditional Rental Income: $2811 Airbnb ROI: N/A Traditional ROI: 4.07%
24 E PINE St Lebanon, OR This charming vintage home is in great condition with lots of recent updates and plenty of...	2 beds \| 1 baths \| 880 sq.ft.	$325,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 6.12% Airbnb Rental Income: $1326 Traditional Rental Income: $2494 Airbnb ROI: 0.96% Traditional ROI: 6.12%
160 Tangent St Lebanon, OR This one is a real charmer! This home has cozy features to make you feel right at home. In...	3 beds \| 1 baths \| 1,547 sq.ft.	$350,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 4.21% Airbnb Rental Income: $1219 Traditional Rental Income: $2117 Airbnb ROI: 0.28% Traditional ROI: 4.21%
180 Eaton St Lebanon, OR Charming Move-In Ready Cottage on Quiet Dead-End Street. This updated 2-bedroom, 1-bath ho...	2 beds \| 1 baths \| 676 sq.ft.	$285,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 6.12% Airbnb Rental Income: $1326 Traditional Rental Income: $2148 Airbnb ROI: 1.53% Traditional ROI: 6.12%
39889 McDowell Creek Dr Lebanon, OR Welcome to âGloryâ, a private 5-acre retreat along the Santiam River.This 4,165 sq ft ...	5 beds \| 3 baths \| 4,165 sq.ft.	$1,399,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.46% Airbnb Rental Income: $null Traditional Rental Income: $3948 Airbnb ROI: N/A Traditional ROI: 1.46%
38785 Mountain Home Dr Lebanon, OR This beautiful 3-bedroom, 2-bath home offers the perfect blend of comfort and functionalit...	3 beds \| 2 baths \| 2,934 sq.ft.	$774,900	Airbnb cash on cash: -0.42% Traditional cash on cash: 3.53% Airbnb Rental Income: $1219 Traditional Rental Income: $3683 Airbnb ROI: -0.42% Traditional ROI: 3.53%
2432 ROBBINS Way Lebanon, OR New Price - Now $460,000! Beautifully updated 3-bed, 2-bath home featuring brand-new floor...	3 beds \| 3 baths \| 1,782 sq.ft.	$460,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 3.7% Airbnb Rental Income: $1219 Traditional Rental Income: $2544 Airbnb ROI: -0.29% Traditional ROI: 3.7%
32008 Moss St Lebanon, OR Timeless Mid-Century Ranch, including Solid Oak Floors and craftsman touches throughout. B...	3 beds \| 2 baths \| 1,510 sq.ft.	$425,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 3.38% Airbnb Rental Income: $1219 Traditional Rental Income: $2141 Airbnb ROI: 0.08% Traditional ROI: 3.38%
2361 Kokanee Wy Lebanon, OR Fresh mountain views, serene walks close to the river, and an established neighborhood in ...	4 beds \| 3 baths \| 2,389 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.53% Airbnb Rental Income: $null Traditional Rental Income: $3042 Airbnb ROI: N/A Traditional ROI: 4.53%
1011 F St Lebanon, OR Great investment opportunity!! Build, divide or remodel! Charming 3-bed, 1-bath home on a ...	3 beds \| 1 baths \| 1,036 sq.ft.	$375,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 5.08% Airbnb Rental Income: $1219 Traditional Rental Income: $2444 Airbnb ROI: 0.48% Traditional ROI: 5.08%
39042 Mount Hope Dr Lebanon, OR Charming 4-bed, 2-bath home nestled on 21 acres of mature timbered forest ideal for the hu...	4 beds \| 2 baths \| 1,920 sq.ft.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.35% Airbnb Rental Income: $null Traditional Rental Income: $3249 Airbnb ROI: N/A Traditional ROI: 3.35%
42681 ISLAND INN Dr Lebanon, OR Stunning 106+ acre estate w/ a spacious home & scenic views. This well-maintained 3000sqft...	3 beds \| 3 baths \| 3,000 sq.ft.	$1,349,900	Airbnb cash on cash: -0.96% Traditional cash on cash: 1.42% Airbnb Rental Income: $1219 Traditional Rental Income: $3823 Airbnb ROI: -0.96% Traditional ROI: 1.42%
30169 Horseshoe Loop S-15 Lebanon, OR Welcome to an extraordinary opportunity at Silvies Valley Ranch, a prestigious planned res...	3 beds \| 3 baths \| N/A	$1,675,000	Airbnb cash on cash: -1.49% Traditional cash on cash: 0.4% Airbnb Rental Income: $1219 Traditional Rental Income: $3777 Airbnb ROI: -1.49% Traditional ROI: 0.4%
37570 Rock Hill Dr Lebanon, OR Discover this expansive 4-bedroom, 2.5-bath home with an office or 5th bedroom set on 13 p...	5 beds \| 3 baths \| 2,368 sq.ft.	$824,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.1% Airbnb Rental Income: $null Traditional Rental Income: $3726 Airbnb ROI: N/A Traditional ROI: 3.1%
42002 Cut Off Dr Lebanon, OR Property offers stunning Cascade Mountain views w/9 fenced acres featuring pasture & timbe...	4 beds \| 3 baths \| 2,390 sq.ft.	$825,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.85% Airbnb Rental Income: $null Traditional Rental Income: $4125 Airbnb ROI: N/A Traditional ROI: 3.85%
36062 Providence School Rd Lebanon, OR A Bumpable Offer has Been Accepted. Spacious 4-bed, 2.5-bath home on 19.56 peaceful countr...	4 beds \| 3 baths \| 2,573 sq.ft.	$720,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.17% Airbnb Rental Income: $null Traditional Rental Income: $3709 Airbnb ROI: N/A Traditional ROI: 4.17%
39844 McDowell Creek Dr Lebanon, OR Great location on 4.12 acres! Updated, quality-built home w/expansive layout-2 great rooms...	5 beds \| 3 baths \| 4,548 sq.ft.	$1,100,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.86% Airbnb Rental Income: $null Traditional Rental Income: $4788 Airbnb ROI: N/A Traditional ROI: 2.86%
32117 BELLINGER SCALE Rd Lebanon, OR Tucked beside Mallard Creek Golf Course and surrounded by mountain views, this 3-bedroom, ...	2 beds \| 2 baths \| 3,988 sq.ft.	$775,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 1.93% Airbnb Rental Income: $1326 Traditional Rental Income: $2634 Airbnb ROI: -0.45% Traditional ROI: 1.93%
54 W Sherman St Lebanon, OR Accepted Offer with Contingencies. 3 nice apartments & 4th unit is a retail space with 30 ...	6 beds \| 3 baths \| 4,698 sq.ft.	$515,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.55% Airbnb Rental Income: $null Traditional Rental Income: $4426 Airbnb ROI: N/A Traditional ROI: 7.55%
38014 River Dr Lebanon, OR Escape to peace and privacy with this charming 2 acre property with private river access. ...	4 beds \| 2 baths \| 2,508 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.84% Airbnb Rental Income: $null Traditional Rental Income: $3633 Airbnb ROI: N/A Traditional ROI: 4.84%
34 Grace St Lebanon, OR Accepted Offer with Contingencies. Welcome to this charming 3-bed, 2-bath home offering 1,...	3 beds \| 2 baths \| 1,735 sq.ft.	$389,900	Airbnb cash on cash: -0.12% Traditional cash on cash: 5.75% Airbnb Rental Income: $1219 Traditional Rental Income: $2976 Airbnb ROI: -0.12% Traditional ROI: 5.75%
41294 KEEL MOUNTAIN N Dr Lebanon, OR Versatile 15-acre property in a peaceful rural setting, offering space, privacy, and endle...	3 beds \| 2 baths \| 1,088 sq.ft.	$449,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 5.5% Airbnb Rental Income: $1219 Traditional Rental Income: $3023 Airbnb ROI: 0.27% Traditional ROI: 5.5%
1460/1462 Cascade Dr Lebanon, OR Accepted Offer with Contingencies. Investor Alert! Two homes on one 0.4-acre lot just outs...	3 beds \| 2 baths \| 2,174 sq.ft.	$299,900	Airbnb cash on cash: 0.68% Traditional cash on cash: 9.14% Airbnb Rental Income: $1219 Traditional Rental Income: $3215 Airbnb ROI: 0.68% Traditional ROI: 9.14%
36824 Edgemont Dr Lebanon, OR Tucked away on 2.23 private acres just minutes from town, this stunning 2,848 sqft custom ...	3 beds \| 3 baths \| 2,848 sq.ft.	$840,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 3.72% Airbnb Rental Income: $1219 Traditional Rental Income: $4332 Airbnb ROI: -0.76% Traditional ROI: 3.72%
2645 Birch St Lebanon, OR Accepted Offer with Contingencies. DUAL LIVING OPPORTUNITY! This 4 bed, 2 bath home sits o...	4 beds \| 2 baths \| 2,280 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.54% Airbnb Rental Income: $null Traditional Rental Income: $3877 Airbnb ROI: N/A Traditional ROI: 11.54%
2799 S 12th St Lebanon, OR Welcome to this beautifully updated 4 bed, 2 bath home in a desirable neighborhood just st...	4 beds \| 2 baths \| 1,527 sq.ft.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.69% Airbnb Rental Income: $null Traditional Rental Income: $3047 Airbnb ROI: N/A Traditional ROI: 5.69%
760 E Elmore St Lebanon, OR Come see this gorgeous remodel! This 4-bedroom, 2-bath Lebanon home features all-new drywa...	4 beds \| 2 baths \| 1,276 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.66% Airbnb Rental Income: $null Traditional Rental Income: $2885 Airbnb ROI: N/A Traditional ROI: 5.66%
37152 Deadwood Dr Lebanon, OR This beautiful 2,908 sqft 4-bedroom, 2-bath home offers peaceful living on 7.62 private ac...	4 beds \| 2 baths \| 2,908 sq.ft.	$715,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.54% Airbnb Rental Income: $null Traditional Rental Income: $4135 Airbnb ROI: N/A Traditional ROI: 4.54%
121 S Williams (125) St Lebanon, OR Here is a wonderful opportunity for multigenerational living or an ideal investment proper...	3 beds \| 1 baths \| 1,287 sq.ft.	$399,900	Airbnb cash on cash: 0.3% Traditional cash on cash: 5.27% Airbnb Rental Income: $1219 Traditional Rental Income: $2693 Airbnb ROI: 0.3% Traditional ROI: 5.27%
30402 TOWNSEND Rd Lebanon, OR Charming country retreat on 5.42 acres! This beautifully maintained 3-bedroom, 2-bath, 1,4...	3 beds \| 2 baths \| 1,404 sq.ft.	$635,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 2.99% Airbnb Rental Income: $1219 Traditional Rental Income: $2691 Airbnb ROI: -0.16% Traditional ROI: 2.99%
865 Lebanite Dr Lebanon, OR Located in a desirable neighborhood, this 1950s charmer offers 5 bedrooms, 2 bathrooms, an...	5 beds \| 2 baths \| 2,407 sq.ft.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.29% Airbnb Rental Income: $null Traditional Rental Income: $3977 Airbnb ROI: N/A Traditional ROI: 5.29%
975 W E (-985) St Lebanon, OR West side duplex location. Convenient access to hwy 34 and I-5. Two bedroom One bath with ...	2 beds \| 2 baths \| 1,638 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.77% Airbnb Rental Income: $null Traditional Rental Income: $2517 Airbnb ROI: N/A Traditional ROI: 4.77%
3200 Oak Terrace (#41) Rd Lebanon, OR Welcome to this spacious 4 bedroom, 2 full bath home! New LVP flooring and paint in living...	4 beds \| 2 baths \| 1,620 sq.ft.	$273,500	Airbnb cash on cash: N/A Traditional cash on cash: 9.15% Airbnb Rental Income: $null Traditional Rental Income: $2968 Airbnb ROI: N/A Traditional ROI: 9.15%
29236 Santiam Hwy Lebanon, OR Rare opportunity to own 10 beautiful acres with two manufactured homes, perfect for multi-...	2 beds \| 1 baths \| 864 sq.ft.	$399,900	Airbnb cash on cash: 0.97% Traditional cash on cash: 4.19% Airbnb Rental Income: $1326 Traditional Rental Income: $2123 Airbnb ROI: 0.97% Traditional ROI: 4.19%

Real Estate investment in Lebanon, OR

There are 55 properties for sale in the city of Lebanon . The median list price in Lebanon is $429,000 and the average price per square foot is $220. In December 2025, the average monthly cash on cash return in Lebanon is 5.00%. The average monthly rental income in Lebanon is $3,022.

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

There are 55 investment properties available for sale in Lebanon.

In 2025, 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 $1,219.

Your search for investment property begins and ends here

Investment Property for Sale in Lebanon, OR

1750 S 2ND St

Lebanon, OR

3 beds | 2 baths | 2,001 sq.ft.

$600,000

Airbnb cash on cash: -0.52%

Traditional cash on cash: 3.99%

Airbnb Rental Income: $1219

Traditional Rental Income: $3355

Airbnb ROI: -0.52%

Traditional ROI: 3.99%

35 S MAIN St

Lebanon, OR

4 beds | 2 baths | 1,816 sq.ft.

$429,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.6%

Airbnb Rental Income: $null

Traditional Rental Income: $3461

Airbnb ROI: N/A

Traditional ROI: 6.6%

500 Angelee Ct

Lebanon, OR

3 beds | 2 baths | 1,400 sq.ft.

$385,000

Airbnb cash on cash: 0.05%

Traditional cash on cash: 5.71%

Airbnb Rental Income: $1219

Traditional Rental Income: $2872

Airbnb ROI: 0.05%

Traditional ROI: 5.71%

480 Minnesota St

Lebanon, OR

4 beds | 2 baths | 1,782 sq.ft.

$379,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.7%

Airbnb Rental Income: $null

Traditional Rental Income: $3356

Airbnb ROI: N/A

Traditional ROI: 7.7%

270 Hobbs St

Lebanon, OR

3 beds | 2 baths | 1,096 sq.ft.

$349,900

Airbnb cash on cash: 0.42%

Traditional cash on cash: 4.34%

Airbnb Rental Income: $1219

Traditional Rental Income: $2117

Airbnb ROI: 0.42%

Traditional ROI: 4.34%

36280 Airport Dr

Lebanon, OR

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

$700,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.19%

Airbnb Rental Income: $null

Traditional Rental Income: $3673

Airbnb ROI: N/A

Traditional ROI: 4.19%

317 W Jadon Dr

Lebanon, OR

4 beds | 3 baths | 2,164 sq.ft.

$475,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.07%

Airbnb Rental Income: $null

Traditional Rental Income: $2811

Airbnb ROI: N/A

Traditional ROI: 4.07%

24 E PINE St

Lebanon, OR

2 beds | 1 baths | 880 sq.ft.

$325,000

Airbnb cash on cash: 0.96%

Traditional cash on cash: 6.12%

Airbnb Rental Income: $1326

Traditional Rental Income: $2494

Airbnb ROI: 0.96%