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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
38234 Elm St Lebanon, OR Accepted Offer with Contingencies. Charming home on a spacious 0.44-acre lot featuring a w...	2 beds \| 1 baths \| 1,292 sq.ft.	$375,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.59% Airbnb Rental Income: $1179 Traditional Rental Income: $2238 Airbnb ROI: 0.48% Traditional ROI: 4.59%
371 LYDIA LN Lebanon, OR Beautifully-crafted 3 bed/2 bath home in desirable neighborhood in Riverview SD! This stun...	3 beds \| 2 baths \| 1,629 sq.ft.	$445,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 4.73% Airbnb Rental Income: $1322 Traditional Rental Income: $2929 Airbnb ROI: -0.11% Traditional ROI: 4.73%
80 Oakway Pl Lebanon, OR Accepted Offer with Contingencies. This beautifully maintained home offers the ideal combi...	3 beds \| 3 baths \| 1,654 sq.ft.	$405,000	Airbnb cash on cash: 0% Traditional cash on cash: 5.63% Airbnb Rental Income: $1322 Traditional Rental Income: $3048 Airbnb ROI: 0% Traditional ROI: 5.63%
36622 Highway 34 Lebanon, OR Accepted Offer with Contingencies. Nestled on 7+ flat, picturesque acres, this property of...	3 beds \| 2 baths \| 1,893 sq.ft.	$615,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 4.73% Airbnb Rental Income: $1322 Traditional Rental Income: $3688 Airbnb ROI: -0.1% Traditional ROI: 4.73%
260 CROWFOOT RD Lebanon, OR This charming Lebanon home has been fully renovated and is ready to move in and enjoy. Wit...	4 beds \| 3 baths \| 1,618 sq.ft.	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.53% Airbnb Rental Income: $null Traditional Rental Income: $3542 Airbnb ROI: N/A Traditional ROI: 8.53%
480 Minnesota St Lebanon, OR Spacious 4 bed, 2 bath home on a large 0.31-acre lot at the end of a quiet dead-end road n...	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%
59 EATON ST Lebanon, OR This 1946-built lady is looking for her next perfect owner. She has had several upgrades a...	4 beds \| 2 baths \| 1,976 sq.ft.	$355,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.37% Airbnb Rental Income: $null Traditional Rental Income: $2567 Airbnb ROI: N/A Traditional ROI: 5.37%
270 Hobbs St Lebanon, OR THE PERFECT PLACE TO PUT DOWN ROOTS! Welcome home to this inviting 3 bed, 1.5 bath on a ge...	3 beds \| 2 baths \| 1,096 sq.ft.	$354,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 4.28% Airbnb Rental Income: $1322 Traditional Rental Income: $2117 Airbnb ROI: 0.66% Traditional ROI: 4.28%
951 WASSOM ST Lebanon, OR Donât miss this sought-after neighborhoodâan excellent addition to any investment port...	N/A beds \| N/A baths \| 2,804 sq.ft.	$574,999	Airbnb cash on cash: -1.24% Traditional cash on cash: 0.91% Airbnb Rental Income: $840 Traditional Rental Income: $1665 Airbnb ROI: -1.24% Traditional ROI: 0.91%
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: 0.56% Traditional cash on cash: 6.12% Airbnb Rental Income: $1179 Traditional Rental Income: $2494 Airbnb ROI: 0.56% Traditional ROI: 6.12%
30434 SANTIAM RIVER RD Lebanon, OR Back on the market at no fault of the home or seller.Experience comfort, space, and scenic...	4 beds \| 6 baths \| 2,964 sq.ft.	$725,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.57% Airbnb Rental Income: $null Traditional Rental Income: $7610 Airbnb ROI: N/A Traditional ROI: 9.57%
2380 Mountain River Dr Lebanon, OR Dreaming of Space + Style? Step into 2380 Mountain River Dr. Lebanon, Oregon. Conveniently...	4 beds \| 3 baths \| 2,235 sq.ft.	$489,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.18% Airbnb Rental Income: $null Traditional Rental Income: $3947 Airbnb ROI: N/A Traditional ROI: 6.18%
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: 1.07% Traditional cash on cash: 6.12% Airbnb Rental Income: $1179 Traditional Rental Income: $2148 Airbnb ROI: 1.07% 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%
3140 QUAIL PL Lebanon, OR Charming picket, covered front porch welcomes you to this 3BD/2.5BA home tucked in a quiet...	3 beds \| 3 baths \| 1,803 sq.ft.	$440,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 5.99% Airbnb Rental Income: $1322 Traditional Rental Income: $3411 Airbnb ROI: -0.07% Traditional ROI: 5.99%
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: -0.3% Traditional cash on cash: 3.53% Airbnb Rental Income: $1322 Traditional Rental Income: $3683 Airbnb ROI: -0.3% Traditional ROI: 3.53%
2432 ROBBINS WAY Lebanon, OR Welcome to 2432 Robbins Wayâa beautifully maintained 3-bedroom, 2.5-bath home in a quiet...	3 beds \| 3 baths \| 1,782 sq.ft.	$475,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 3.55% Airbnb Rental Income: $1322 Traditional Rental Income: $2544 Airbnb ROI: -0.12% Traditional ROI: 3.55%
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: 0.29% Traditional cash on cash: 3.38% Airbnb Rental Income: $1322 Traditional Rental Income: $2141 Airbnb ROI: 0.29% Traditional ROI: 3.38%
37986 River Dr Lebanon, OR 4.53 acres of level horse property with canal frontage close to town. New fencing and newl...	3 beds \| 2 baths \| 2,220 sq.ft.	$675,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 1.66% Airbnb Rental Income: $1322 Traditional Rental Income: $2175 Airbnb ROI: -0.34% Traditional ROI: 1.66%
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: 0.72% Traditional cash on cash: 5.08% Airbnb Rental Income: $1322 Traditional Rental Income: $2444 Airbnb ROI: 0.72% Traditional ROI: 5.08%
31220 BERLIN RD Lebanon, OR Experience craftsmanship in this 2,784 sqft, 3 bed, 2.5 bath home. This property has vault...	3 beds \| 2 baths \| 2,785 sq.ft.	$1,139,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 0.66% Airbnb Rental Income: $1322 Traditional Rental Income: $2630 Airbnb ROI: -0.96% Traditional ROI: 0.66%
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.	$1,399,900	Airbnb cash on cash: -0.9% Traditional cash on cash: 1.34% Airbnb Rental Income: $1322 Traditional Rental Income: $3823 Airbnb ROI: -0.9% Traditional ROI: 1.34%
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: -1.44% Traditional cash on cash: 0.4% Airbnb Rental Income: $1322 Traditional Rental Income: $3777 Airbnb ROI: -1.44% Traditional ROI: 0.4%
41896 Cut Off Dr Lebanon, OR Gorgeous custom built single story 3 bd., 2 bath home on 5.81 acres. Beautiful setting whe...	3 beds \| 2 baths \| 1,972 sq.ft.	$785,900	Airbnb cash on cash: -0.03% Traditional cash on cash: 3.42% Airbnb Rental Income: $1322 Traditional Rental Income: $3438 Airbnb ROI: -0.03% Traditional ROI: 3.42%
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.	$865,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.63% Airbnb Rental Income: $null Traditional Rental Income: $4125 Airbnb ROI: N/A Traditional ROI: 3.63%
36999 Victory Dr Lebanon, OR Accepted Offer with Contingencies. BACK ON MARKET, no fault to seller INSPECTIONS COMP- E...	3 beds \| 2 baths \| 2,387 sq.ft.	$695,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 4.02% Airbnb Rental Income: $1322 Traditional Rental Income: $3866 Airbnb ROI: -0.54% Traditional ROI: 4.02%
39229 PLAGMAN DR Lebanon, OR Welcome to this breathtaking custom-built home on Plagman Dr. in Lebanon, Oregon! Built in...	4 beds \| 4 baths \| 3,634 sq.ft.	$1,249,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.73% Airbnb Rental Income: $null Traditional Rental Income: $5756 Airbnb ROI: N/A Traditional ROI: 3.73%
32763 BERLIN RD Lebanon, OR Attention investors! Don't miss out on this cash or rehab loan opportunity. This is a rare...	3 beds \| 2 baths \| 2,239 sq.ft.	$324,400	Airbnb cash on cash: 0.36% Traditional cash on cash: 8.89% Airbnb Rental Income: $1322 Traditional Rental Income: $3515 Airbnb ROI: 0.36% Traditional ROI: 8.89%
36062 Providence School Rd Lebanon, OR Spacious 4-bed, 2.5-bath home on 19.56 peaceful country acres! Offes 2,573sqft of living s...	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%
495 Carlson Dr Lebanon, OR Accepted Offer with Contingencies. Tucked away on a peaceful cul-de-sac, this welcoming ho...	4 beds \| 2 baths \| 2,244 sq.ft.	$424,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.82% Airbnb Rental Income: $null Traditional Rental Income: $3538 Airbnb ROI: N/A Traditional ROI: 6.82%
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%
75 STURDEVANT RD Lebanon, OR Remodeled Retreat with Mountain Views & Dream Garage â First Time on Market in 3 Generat...	2 beds \| 1 baths \| 1,282 sq.ft.	$399,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 5.17% Airbnb Rental Income: $1179 Traditional Rental Income: $2628 Airbnb ROI: 0.27% Traditional ROI: 5.17%
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: -0.62% Traditional cash on cash: 1.93% Airbnb Rental Income: $1179 Traditional Rental Income: $2634 Airbnb ROI: -0.62% Traditional ROI: 1.93%
54 W Sherman St Lebanon, OR 3 nice apartments & 4th unit is a retail space with 30 ft of sidewalk frontage. New roof i...	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%
38711 Mountain Crest Ct Lebanon, OR Accepted Offer with Contingencies. Nestled in a beautiful & private setting, this home sit...	4 beds \| 3 baths \| 2,261 sq.ft.	$775,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.65% Airbnb Rental Income: $null Traditional Rental Income: $4032 Airbnb ROI: N/A Traditional ROI: 3.65%
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%

Real Estate investment in Lebanon, OR

There are 67 properties for sale in the city of Lebanon . The median list price in Lebanon is $449,000 and the average price per square foot is $223. In October 2025, the average monthly cash on cash return in Lebanon is 5.00%. The average monthly rental income in Lebanon is $3,047.

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

There are 67 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 $1,322.

Your search for investment property begins and ends here

Investment Property for Sale in Lebanon, OR

38234 Elm St

Lebanon, OR

2 beds | 1 baths | 1,292 sq.ft.

$375,000

Airbnb cash on cash: 0.48%

Traditional cash on cash: 4.59%

Airbnb Rental Income: $1179

Traditional Rental Income: $2238

Airbnb ROI: 0.48%

Traditional ROI: 4.59%

371 LYDIA LN

Lebanon, OR

3 beds | 2 baths | 1,629 sq.ft.

$445,000

Airbnb cash on cash: -0.11%

Traditional cash on cash: 4.73%

Airbnb Rental Income: $1322

Traditional Rental Income: $2929

Airbnb ROI: -0.11%

Traditional ROI: 4.73%

80 Oakway Pl

Lebanon, OR

3 beds | 3 baths | 1,654 sq.ft.

$405,000

Airbnb cash on cash: 0%

Traditional cash on cash: 5.63%

Airbnb Rental Income: $1322

Traditional Rental Income: $3048

Airbnb ROI: 0%

Traditional ROI: 5.63%

36622 Highway 34

Lebanon, OR

3 beds | 2 baths | 1,893 sq.ft.

$615,000

Airbnb cash on cash: -0.1%

Traditional cash on cash: 4.73%

Airbnb Rental Income: $1322

Traditional Rental Income: $3688

Airbnb ROI: -0.1%

Traditional ROI: 4.73%

260 CROWFOOT RD

Lebanon, OR

4 beds | 3 baths | 1,618 sq.ft.

$365,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.53%

Airbnb Rental Income: $null

Traditional Rental Income: $3542

Airbnb ROI: N/A

Traditional ROI: 8.53%

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%

59 EATON ST

Lebanon, OR

4 beds | 2 baths | 1,976 sq.ft.

$355,500

Airbnb cash on cash: N/A

Traditional cash on cash: 5.37%

Airbnb Rental Income: $null

Traditional Rental Income: $2567

Airbnb ROI: N/A

Traditional ROI: 5.37%

270 Hobbs St

Lebanon, OR

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

$354,000

Airbnb cash on cash: 0.66%

Traditional cash on cash: 4.28%

Airbnb Rental Income: $1322

Traditional Rental Income: $2117

Airbnb ROI: 0.66%