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.	$835,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 3.23% Airbnb Rental Income: $968 Traditional Rental Income: $3684 Airbnb ROI: -0.71% Traditional ROI: 3.23%
231 Acorn Street Merlin, OR Don't settle for a house on a busy street in town when you can be less than 10 minutes fro...	2 beds \| 1 baths \| 952 sq.ft.	$265,900	Airbnb cash on cash: 0.8% Traditional cash on cash: 4.02% Airbnb Rental Income: $952 Traditional Rental Income: $1412 Airbnb ROI: 0.8% Traditional ROI: 4.02%
335 Tavis Drive Merlin, OR Seller Financing Available! Freshly updated and move-in ready! Charming 2-bed, 1-bath manu...	2 beds \| 1 baths \| 720 sq.ft.	$269,900	Airbnb cash on cash: 0.8% Traditional cash on cash: 5.34% Airbnb Rental Income: $952 Traditional Rental Income: $1759 Airbnb ROI: 0.8% Traditional ROI: 5.34%
1266 Ellison Loop Merlin, OR Experience refined Northwest-style living at 1266 Ellison Loop in an upscale rural neighbo...	4 beds \| 3 baths \| 2,232 sq.ft.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $3789 Airbnb ROI: N/A Traditional ROI: 4.31%
1625 Crow Road Merlin, OR Welcome to this exceptional first-time-on-the-market property offering comfort, space, and...	3 beds \| 2 baths \| 2,308 sq.ft.	$700,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 3.46% Airbnb Rental Income: $968 Traditional Rental Income: $3285 Airbnb ROI: -0.63% Traditional ROI: 3.46%
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 \| N/A	$1,999,999	Airbnb cash on cash: -1.1% Traditional cash on cash: -0.43% Airbnb Rental Income: $968 Traditional Rental Income: $1854 Airbnb ROI: -1.1% Traditional ROI: -0.43%
298 Tavis Dr Drive Merlin, OR Adorable cottage-style manufactured home on your own .13acre! Built in 2008, offering 1 b...	1 beds \| 1 baths \| 672 sq.ft.	$165,000	Airbnb cash on cash: -1.4% Traditional cash on cash: 9.21% Airbnb Rental Income: $279 Traditional Rental Income: $1714 Airbnb ROI: -1.4% Traditional ROI: 9.21%
1580 ROBERTSON BRIDGE Rd Merlin, OR NEW PRICE, NEW YEAR, NEW POSSIBILITIES!! This property has it all! Escape to privacy and c...	3 beds \| 2 baths \| 1,844 sq.ft.	$599,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 3.77% Airbnb Rental Income: $968 Traditional Rental Income: $2953 Airbnb ROI: -0.41% Traditional ROI: 3.77%
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.	$589,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 3.71% Airbnb Rental Income: $968 Traditional Rental Income: $2862 Airbnb ROI: -0.37% Traditional ROI: 3.71%
130 Acorn Street Merlin, OR Updated and move-in ready! Tucked back off the street, this property offers two separate l...	3 beds \| 2 baths \| 1,520 sq.ft.	$359,900	Airbnb cash on cash: 0.3% Traditional cash on cash: 5.24% Airbnb Rental Income: $968 Traditional Rental Income: $2288 Airbnb ROI: 0.3% Traditional ROI: 5.24%
4866 Galice Road Merlin, OR Discover 15 usable, improved acres across from the Hogs Creek Boat Landing on the Rogue Ri...	4 beds \| 3 baths \| 2,454 sq.ft.	$1,199,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.19% Airbnb Rental Income: $null Traditional Rental Income: $3969 Airbnb ROI: N/A Traditional ROI: 2.19%
110 Stonebrook Way Merlin, OR Welcome to 110 Stonebrook Way! A light-filled, newly remodeled home with warm farmhouse ch...	3 beds \| 2 baths \| 1,320 sq.ft.	$484,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 4.61% Airbnb Rental Income: $968 Traditional Rental Income: $2710 Airbnb ROI: -0.02% Traditional ROI: 4.61%
372 THORNBROOK Dr Merlin, OR Discover your perfect blend of comfort and nature in this charming 2-bedroom, 2-bath home ...	2 beds \| 2 baths \| 1,474 sq.ft.	$500,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 1.38% Airbnb Rental Income: $952 Traditional Rental Income: $1410 Airbnb ROI: -0.34% Traditional ROI: 1.38%
965 Galice Rd Spc 11 Merlin, OR 965 Galice Rd Spc 11, Merlin, OR 97532 \| Manufactured Home	3 beds \| 2 baths \| 1,620 sq.ft.	$155,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 9.69% Airbnb Rental Income: $968 Traditional Rental Income: $1819 Airbnb ROI: 1.59% Traditional ROI: 9.69%
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	$75,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 8.86% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: 0.45% Traditional ROI: 8.86%
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: -0.11% Traditional cash on cash: 6.33% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -0.11% Traditional ROI: 6.33%
Merlin Sanitarium Rd Lot 16 Merlin, OR Merlin Sanitarium Rd Lot 16, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 1.43% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.21% Traditional ROI: 1.43%
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: -0.11% Traditional cash on cash: 6.33% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -0.11% Traditional ROI: 6.33%
Maupin Ln Lot 34 Merlin, OR Maupin Ln Lot 34, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$239,900	Airbnb cash on cash: -1.18% Traditional cash on cash: 1.57% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.18% Traditional ROI: 1.57%
Maupin Ln Lot 35 Merlin, OR Maupin Ln Lot 35, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$219,900	Airbnb cash on cash: -1.11% Traditional cash on cash: 1.88% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.11% Traditional ROI: 1.88%
Merln Sanitarium Rd Lot 13 Merlin, OR Merln Sanitarium Rd Lot 13, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$269,900	Airbnb cash on cash: -1.26% Traditional cash on cash: 1.19% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.26% Traditional ROI: 1.19%
Merlin Sanitarium Rd Lot 28 Merlin, OR Merlin Sanitarium Rd Lot 28, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$329,900	Airbnb cash on cash: -1.39% Traditional cash on cash: 0.62% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.39% Traditional ROI: 0.62%
Merlin Sanitarium Rd Lot 30 Merlin, OR Merlin Sanitarium Rd Lot 30, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$219,900	Airbnb cash on cash: -1.11% Traditional cash on cash: 1.88% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.11% Traditional ROI: 1.88%
Maupin Ln Lot 32 Merlin, OR Maupin Ln Lot 32, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$239,900	Airbnb cash on cash: -1.18% Traditional cash on cash: 0.61% Airbnb Rental Income: $552 Traditional Rental Income: $677 Airbnb ROI: -1.18% Traditional ROI: 0.61%
Merln Sanitarium Rd Lot 24 Merlin, OR Merln Sanitarium Rd Lot 24, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$269,900	Airbnb cash on cash: -1.26% Traditional cash on cash: 1.19% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.26% Traditional ROI: 1.19%
Merlin Sanitarium Rd Lot 18 Merlin, OR Merlin Sanitarium Rd Lot 18, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$269,900	Airbnb cash on cash: -1.26% Traditional cash on cash: 1.19% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.26% Traditional ROI: 1.19%
Merlin Sanitarium Rd Lot 22 Merlin, OR Merlin Sanitarium Rd Lot 22, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 1.43% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.21% Traditional ROI: 1.43%
Merlin Sanitarium Rd Lot 4 Merlin, OR Merlin Sanitarium Rd Lot 4, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$229,900	Airbnb cash on cash: -1.14% Traditional cash on cash: 1.72% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.14% Traditional ROI: 1.72%
Merlin Sanitarium Rd Lot 6 Merlin, OR Merlin Sanitarium Rd Lot 6, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 1.43% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.21% Traditional ROI: 1.43%
Acorn St Lot 2 Merlin, OR Acorn St Lot 2, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: -1.02% Traditional cash on cash: 1.12% Airbnb Rental Income: $552 Traditional Rental Income: $677 Airbnb ROI: -1.02% Traditional ROI: 1.12%
Merlin Sanitarium Rd Lot 27 Merlin, OR Merlin Sanitarium Rd Lot 27, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$389,900	Airbnb cash on cash: -1.47% Traditional cash on cash: 0.23% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.47% Traditional ROI: 0.23%
Merlin Sanitarium Rd Lot 29 Merlin, OR Merlin Sanitarium Rd Lot 29, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 1.43% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.21% Traditional ROI: 1.43%
Merlin Sanitarium Rd Lot 25 Merlin, OR Merlin Sanitarium Rd Lot 25, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$399,900	Airbnb cash on cash: -1.49% Traditional cash on cash: 0.17% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.49% Traditional ROI: 0.17%
Merlin Sanitarium Rd Lot 20 Merlin, OR Merlin Sanitarium Rd Lot 20, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 1.43% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.21% Traditional ROI: 1.43%
Merlin Sanitarium Rd Lot 23 Merlin, OR Merlin Sanitarium Rd Lot 23, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$269,900	Airbnb cash on cash: -1.26% Traditional cash on cash: 1.19% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.26% Traditional ROI: 1.19%
Merlin Sanitarium Rd Lot 9 Merlin, OR Merlin Sanitarium Rd Lot 9, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$259,900	Airbnb cash on cash: -1.23% Traditional cash on cash: 1.31% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.23% Traditional ROI: 1.31%
Acorn St Lot 3 Merlin, OR Acorn St Lot 3, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$229,900	Airbnb cash on cash: -1.14% Traditional cash on cash: 1.72% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.14% Traditional ROI: 1.72%
Merlin Sanitarium Rd Lot 5 Merlin, OR Merlin Sanitarium Rd Lot 5, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$319,900	Airbnb cash on cash: -1.37% Traditional cash on cash: 0.7% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.37% Traditional ROI: 0.7%
Merlin Sanitarium Rd Lot 7 Merlin, OR Merlin Sanitarium Rd Lot 7, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$239,900	Airbnb cash on cash: -1.18% Traditional cash on cash: 1.57% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.18% Traditional ROI: 1.57%
Merlin Sanitarium Rd Lot 8 Merlin, OR Merlin Sanitarium Rd Lot 8, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$239,900	Airbnb cash on cash: -1.18% Traditional cash on cash: 1.57% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.18% Traditional ROI: 1.57%

Real Estate investment in Merlin, OR

There are 52 properties for sale in the city of Merlin . The median list price in Merlin is $249,900 and the average price per square foot is $153. In January 2026, the average monthly cash on cash return in Merlin is 2.00%. The average monthly rental income in Merlin is $894.

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

There are 52 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 $894.

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.

$835,000

Airbnb cash on cash: -0.71%

Traditional cash on cash: 3.23%

Airbnb Rental Income: $968

Traditional Rental Income: $3684

Airbnb ROI: -0.71%

Traditional ROI: 3.23%

231 Acorn Street

Merlin, OR

2 beds | 1 baths | 952 sq.ft.

$265,900

Airbnb cash on cash: 0.8%

Traditional cash on cash: 4.02%

Airbnb Rental Income: $952

Traditional Rental Income: $1412

Airbnb ROI: 0.8%

Traditional ROI: 4.02%

335 Tavis Drive

Merlin, OR

2 beds | 1 baths | 720 sq.ft.

$269,900

Airbnb cash on cash: 0.8%

Traditional cash on cash: 5.34%

Airbnb Rental Income: $952

Traditional Rental Income: $1759

Airbnb ROI: 0.8%

Traditional ROI: 5.34%

1266 Ellison Loop

Merlin, OR

4 beds | 3 baths | 2,232 sq.ft.

$699,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.31%

Airbnb Rental Income: $null

Traditional Rental Income: $3789

Airbnb ROI: N/A

Traditional ROI: 4.31%

1625 Crow Road

Merlin, OR

3 beds | 2 baths | 2,308 sq.ft.

$700,000

Airbnb cash on cash: -0.63%

Traditional cash on cash: 3.46%

Airbnb Rental Income: $968

Traditional Rental Income: $3285

Airbnb ROI: -0.63%

Traditional ROI: 3.46%

387 Tavis Drive

Merlin, OR

N/A beds | N/A baths | N/A

$1,999,999

Airbnb cash on cash: -1.1%

Traditional cash on cash: -0.43%

Airbnb Rental Income: $968

Traditional Rental Income: $1854

Airbnb ROI: -1.1%

Traditional ROI: -0.43%

298 Tavis Dr Drive

Merlin, OR

1 beds | 1 baths | 672 sq.ft.

$165,000

Airbnb cash on cash: -1.4%

Traditional cash on cash: 9.21%

Airbnb Rental Income: $279

Traditional Rental Income: $1714

Airbnb ROI: -1.4%

Traditional ROI: 9.21%

1580 ROBERTSON BRIDGE Rd

Merlin, OR

3 beds | 2 baths | 1,844 sq.ft.

$599,000

Airbnb cash on cash: -0.41%

Traditional cash on cash: 3.77%

Airbnb Rental Income: $968

Traditional Rental Income: $2953

Airbnb ROI: -0.41%