Real Estate Investment Properties for Sale in Merlin, OR

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
341 Sugar Pine Drive Merlin, OR Country living awaits on 2.22 fully fenced acres featuring a single-level home, shop, and ...	3 beds \| 2 baths \| 2,692 sq.ft.	$799,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 3.42% Airbnb Rental Income: $1432 Traditional Rental Income: $3684 Airbnb ROI: -0.18% Traditional ROI: 3.42%
190 Spring Oak Way Merlin, OR This beautifully updated 1,942 sq ft home offers the perfect blend of comfort, style, and ...	3 beds \| 2 baths \| 1,942 sq.ft.	$515,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 5.02% Airbnb Rental Income: $1432 Traditional Rental Income: $3203 Airbnb ROI: 0.45% Traditional ROI: 5.02%
335 Tavis Dr Merlin, OR Seller Financing Available! Freshly updated and move-in ready! Charming 2-bed, 1-bath manu...	2 beds \| 1 baths \| 720 sq.ft.	$259,900	Airbnb cash on cash: 1.61% Traditional cash on cash: 5.57% Airbnb Rental Income: $1171 Traditional Rental Income: $1759 Airbnb ROI: 1.61% Traditional ROI: 5.57%
387 Tavis Drive Merlin, OR 16-unit rental portfolio on just over 8 acres of property. Consisting of 16 lots with 10 h...	N/A beds \| N/A baths \| 10,236 sq.ft.	$1,850,000	Airbnb cash on cash: -1.33% Traditional cash on cash: -0.38% Airbnb Rental Income: $504 Traditional Rental Income: $1854 Airbnb ROI: -1.33% Traditional ROI: -0.38%
165 Sunbeam Circle Merlin, OR Welcome to this beautifully updated home blending modern comfort w/Southern Oregon's rural...	3 beds \| 2 baths \| 1,624 sq.ft.	$578,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 3.79% Airbnb Rental Income: $1432 Traditional Rental Income: $2862 Airbnb ROI: 0.35% Traditional ROI: 3.79%
11744 Galice Rd Merlin, OR 11744 Galice Rd, Merlin, OR 97532 \| Single Family Residential	26 beds \| 22 baths \| 5,176 sq.ft.	$3,375,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.06% Airbnb Rental Income: $null Traditional Rental Income: $6421 Airbnb ROI: N/A Traditional ROI: 0.06%
11926 Galice Rd Merlin, OR 11926 Galice Rd, Merlin, OR 97532 \| Single Family Residential	3 beds \| 2 baths \| 3,839 sq.ft.	$869,950	Airbnb cash on cash: -0.84% Traditional cash on cash: 2.69% Airbnb Rental Income: $1432 Traditional Rental Income: $3859 Airbnb ROI: -0.84% Traditional ROI: 2.69%
171 Almond St Merlin, OR 171 Almond St, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$92,500	Airbnb cash on cash: -0.43% Traditional cash on cash: 4.22% Airbnb Rental Income: $504 Traditional Rental Income: $651 Airbnb ROI: -0.43% Traditional ROI: 4.22%
329 Merlin Rd Merlin, OR 329 Merlin Rd, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$192,500	Airbnb cash on cash: -1.21% Traditional cash on cash: 2.77% Airbnb Rental Income: $504 Traditional Rental Income: $958 Airbnb ROI: -1.21% Traditional ROI: 2.77%
0 Quartz Creek Rd #TL 500 Merlin, OR 0 Quartz Creek Rd #TL 500, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$72,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 6.24% Airbnb Rental Income: $504 Traditional Rental Income: $677 Airbnb ROI: -0.01% Traditional ROI: 6.24%
Quartz Creek Rd Merlin, OR Quartz Creek Rd, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$99,500	Airbnb cash on cash: -0.52% Traditional cash on cash: 4.09% Airbnb Rental Income: $504 Traditional Rental Income: $677 Airbnb ROI: -0.52% Traditional ROI: 4.09%
Quartz Creek Rd #R301574 Merlin, OR Quartz Creek Rd #R301574, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$99,500	Airbnb cash on cash: -0.52% Traditional cash on cash: 4.09% Airbnb Rental Income: $504 Traditional Rental Income: $677 Airbnb ROI: -0.52% Traditional ROI: 4.09%
Maupin Ln Lot 34 Merlin, OR Maupin Ln Lot 34, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,392 sq.ft.	$239,900	Airbnb cash on cash: -1.35% Traditional cash on cash: 3.51% Airbnb Rental Income: $504 Traditional Rental Income: $1334 Airbnb ROI: -1.35% Traditional ROI: 3.51%
Maupin Ln Lot 35 Merlin, OR Maupin Ln Lot 35, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$219,900	Airbnb cash on cash: -1.3% Traditional cash on cash: 10.3% Airbnb Rental Income: $504 Traditional Rental Income: $2647 Airbnb ROI: -1.3% Traditional ROI: 10.3%
Merlin Sanitarium Rd Lot 28 Merlin, OR Merlin Sanitarium Rd Lot 28, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$329,900	Airbnb cash on cash: -1.52% Traditional cash on cash: 3.08% Airbnb Rental Income: $504 Traditional Rental Income: $1658 Airbnb ROI: -1.52% Traditional ROI: 3.08%
Merlin Sanitarium Rd Lot 30 Merlin, OR Merlin Sanitarium Rd Lot 30, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$219,900	Airbnb cash on cash: -1.3% Traditional cash on cash: 5.55% Airbnb Rental Income: $504 Traditional Rental Income: $1658 Airbnb ROI: -1.3% Traditional ROI: 5.55%
Maupin Ln Lot 32 Merlin, OR Maupin Ln Lot 32, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,392 sq.ft.	$239,900	Airbnb cash on cash: -1.35% Traditional cash on cash: 0.61% Airbnb Rental Income: $504 Traditional Rental Income: $677 Airbnb ROI: -1.35% Traditional ROI: 0.61%
Merlin Sanitarium Rd Lot 27 Merlin, OR Merlin Sanitarium Rd Lot 27, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$389,900	Airbnb cash on cash: -1.58% Traditional cash on cash: 1.48% Airbnb Rental Income: $504 Traditional Rental Income: $1353 Airbnb ROI: -1.58% Traditional ROI: 1.48%
Merlin Sanitarium Rd Lot 29 Merlin, OR Merlin Sanitarium Rd Lot 29, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$249,900	Airbnb cash on cash: -1.38% Traditional cash on cash: 8.37% Airbnb Rental Income: $504 Traditional Rental Income: $2531 Airbnb ROI: -1.38% Traditional ROI: 8.37%
Maupin Ln Lot 33 Merlin, OR Maupin Ln Lot 33, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,392 sq.ft.	$239,900	Airbnb cash on cash: -1.35% Traditional cash on cash: 3.51% Airbnb Rental Income: $504 Traditional Rental Income: $1334 Airbnb ROI: -1.35% Traditional ROI: 3.51%
Maupin Ln Lot 31 Merlin, OR Maupin Ln Lot 31, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$239,900	Airbnb cash on cash: -1.35% Traditional cash on cash: 3.51% Airbnb Rental Income: $504 Traditional Rental Income: $1334 Airbnb ROI: -1.35% Traditional ROI: 3.51%
Galice Rd #35-06-20-A0-002704-00 Merlin, OR Galice Rd #35-06-20-A0-002704-00, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 3,839 sq.ft.	$402,000	Airbnb cash on cash: -1.6% Traditional cash on cash: 1.26% Airbnb Rental Income: $504 Traditional Rental Income: $1306 Airbnb ROI: -1.6% Traditional ROI: 1.26%
255 Barker Drive Merlin, OR Discover this 1.96-acre, 3,862 sq ft, 3-bed, 1.5-bath, ~story home built in1980. This spac...	3 beds \| 2 baths \| 3,862 sq.ft.	$750,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 3.77% Airbnb Rental Income: $1432 Traditional Rental Income: $3727 Airbnb ROI: -0.12% Traditional ROI: 3.77%
185 October Lane Merlin, OR Highly sought after neighborhood in Merlin with Country settings yet close to town! Charmi...	3 beds \| 2 baths \| 1,464 sq.ft.	$525,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.73% Airbnb Rental Income: $1432 Traditional Rental Income: $2595 Airbnb ROI: 0.49% Traditional ROI: 3.73%
649 Pleasant Valley Rd Merlin, OR 649 Pleasant Valley Rd, Merlin, OR 97532 \| Single Family Residential	4 beds \| 3 baths \| 3,384 sq.ft.	$799,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.48% Airbnb Rental Income: $null Traditional Rental Income: $1915 Airbnb ROI: N/A Traditional ROI: 0.48%
2440 Hugo Rd Merlin, OR 2440 Hugo Rd, Merlin, OR 97532 \| Single Family Residential	4 beds \| 4 baths \| 3,395 sq.ft.	$1,675,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.11% Airbnb Rental Income: $null Traditional Rental Income: $4870 Airbnb ROI: N/A Traditional ROI: 1.11%
2802 Russell Rd Merlin, OR 2802 Russell Rd, Merlin, OR 97532 \| Single Family Residential	4 beds \| 3 baths \| 2,372 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.16% Airbnb Rental Income: $null Traditional Rental Income: $1915 Airbnb ROI: N/A Traditional ROI: 1.16%

Real Estate investment in Merlin, OR

There are 27 properties for sale in the city of Merlin . The median list price in Merlin is $329,900 and the average price per square foot is $135. In June 2026, the average monthly cash on cash return in Merlin is 4.00%. The average monthly rental income in Merlin is $1,759.

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

There are 27 investment properties available for sale in Merlin.

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

The ROI for Long-Term is higher than the Short-Term in Merlin with average rental income of $1,759.

Your search for investment property begins and ends here

Investment Property for Sale in Merlin, OR

341 Sugar Pine Drive

Merlin, OR

3 beds | 2 baths | 2,692 sq.ft.

$799,000

Airbnb cash on cash: -0.18%

Traditional cash on cash: 3.42%

Airbnb Rental Income: $1432

Traditional Rental Income: $3684

Airbnb ROI: -0.18%

Traditional ROI: 3.42%

190 Spring Oak Way

Merlin, OR

3 beds | 2 baths | 1,942 sq.ft.

$515,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 5.02%

Airbnb Rental Income: $1432

Traditional Rental Income: $3203

Airbnb ROI: 0.45%

Traditional ROI: 5.02%

335 Tavis Dr

Merlin, OR

2 beds | 1 baths | 720 sq.ft.

$259,900

Airbnb cash on cash: 1.61%

Traditional cash on cash: 5.57%

Airbnb Rental Income: $1171

Traditional Rental Income: $1759

Airbnb ROI: 1.61%

Traditional ROI: 5.57%

387 Tavis Drive

Merlin, OR

N/A beds | N/A baths | 10,236 sq.ft.

$1,850,000

Airbnb cash on cash: -1.33%

Traditional cash on cash: -0.38%

Airbnb Rental Income: $504

Traditional Rental Income: $1854

Airbnb ROI: -1.33%

Traditional ROI: -0.38%

165 Sunbeam Circle

Merlin, OR

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

$578,000

Airbnb cash on cash: 0.35%

Traditional cash on cash: 3.79%

Airbnb Rental Income: $1432

Traditional Rental Income: $2862

Airbnb ROI: 0.35%

Traditional ROI: 3.79%

11744 Galice Rd

Merlin, OR

26 beds | 22 baths | 5,176 sq.ft.

$3,375,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.06%

Airbnb Rental Income: $null

Traditional Rental Income: $6421

Airbnb ROI: N/A

Traditional ROI: 0.06%

11926 Galice Rd

Merlin, OR

3 beds | 2 baths | 3,839 sq.ft.

$869,950

Airbnb cash on cash: -0.84%

Traditional cash on cash: 2.69%

Airbnb Rental Income: $1432

Traditional Rental Income: $3859

Airbnb ROI: -0.84%

Traditional ROI: 2.69%

171 Almond St

Merlin, OR

N/A beds | N/A baths | 0 sq.ft.

$92,500

Airbnb cash on cash: -0.43%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $504

Traditional Rental Income: $651

Airbnb ROI: -0.43%