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 Dr 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: -0.71% Traditional cash on cash: 3.28% Airbnb Rental Income: $968 Traditional Rental Income: $3684 Airbnb ROI: -0.71% Traditional ROI: 3.28%
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.	$264,900	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 \| 2 baths \| 2,232 sq.ft.	$685,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.42% Airbnb Rental Income: $null Traditional Rental Income: $3789 Airbnb ROI: N/A Traditional ROI: 4.42%
1625 Crow Rd 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%
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: -0.36% Traditional cash on cash: 3.79% Airbnb Rental Income: $968 Traditional Rental Income: $2862 Airbnb ROI: -0.36% Traditional ROI: 3.79%
4866 Galice Rd 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.	$475,000	Airbnb cash on cash: 0% Traditional cash on cash: 4.71% Airbnb Rental Income: $968 Traditional Rental Income: $2710 Airbnb ROI: 0% Traditional ROI: 4.71%
372 Thornbrook Dr Merlin, OR Discover your perfect blend of comfort and nature in this charming 2-bedroom, 2-bath home ...	3 beds \| 2 baths \| 1,474 sq.ft.	$492,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 3.59% Airbnb Rental Income: $952 Traditional Rental Income: $2421 Airbnb ROI: -0.34% Traditional ROI: 3.59%
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%
577 Galice Rd Merlin, OR 577 Galice Rd, Merlin, OR 97532 \| Single Family Residential	3 beds \| 1 baths \| 3,120 sq.ft.	$449,950	Airbnb cash on cash: -0.72% Traditional cash on cash: 4.67% Airbnb Rental Income: $968 Traditional Rental Income: $2888 Airbnb ROI: -0.72% Traditional ROI: 4.67%
222 Thornridge Ln Merlin, OR 222 Thornridge Ln, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$150,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 4.07% Airbnb Rental Income: $552 Traditional Rental Income: $958 Airbnb ROI: -0.72% Traditional ROI: 4.07%
1700 Abegg Rd Merlin, OR 1700 Abegg Rd, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 0 sq.ft.	$222,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 1.85% Airbnb Rental Income: $552 Traditional Rental Income: $894 Airbnb ROI: -1.11% Traditional ROI: 1.85%
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: -0.03% Traditional cash on cash: 4.07% Airbnb Rental Income: $552 Traditional Rental Income: $651 Airbnb ROI: -0.03% Traditional ROI: 4.07%
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: 5.93% Airbnb Rental Income: $552 Traditional Rental Income: $677 Airbnb ROI: 0.45% Traditional ROI: 5.93%
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: 4.09% Airbnb Rental Income: $552 Traditional Rental Income: $677 Airbnb ROI: -0.11% Traditional ROI: 4.09%
Merlin Sanitarium Rd Lot 16 Merlin, OR Merlin Sanitarium Rd Lot 16, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$249,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 3.38% Airbnb Rental Income: $552 Traditional Rental Income: $1353 Airbnb ROI: -1.21% Traditional ROI: 3.38%
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: 4.09% Airbnb Rental Income: $552 Traditional Rental Income: $677 Airbnb ROI: -0.11% 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: -1.18% Traditional cash on cash: 3.51% Airbnb Rental Income: $552 Traditional Rental Income: $1334 Airbnb ROI: -1.18% 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: 0.56% Traditional cash on cash: 10.3% Airbnb Rental Income: $968 Traditional Rental Income: $2647 Airbnb ROI: 0.56% Traditional ROI: 10.3%
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: 0.33% Airbnb Rental Income: $552 Traditional Rental Income: $677 Airbnb ROI: -1.26% Traditional ROI: 0.33%
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: -1.39% Traditional cash on cash: 3.08% Airbnb Rental Income: $552 Traditional Rental Income: $1658 Airbnb ROI: -1.39% 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: 0.56% Traditional cash on cash: 5.55% Airbnb Rental Income: $968 Traditional Rental Income: $1658 Airbnb ROI: 0.56% 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: -1.18% 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: 0.33% Airbnb Rental Income: $552 Traditional Rental Income: $677 Airbnb ROI: -1.26% Traditional ROI: 0.33%
Merlin Sanitarium Rd Lot 18 Merlin, OR Merlin Sanitarium Rd Lot 18, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 840 sq.ft.	$269,900	Airbnb cash on cash: -1.26% Traditional cash on cash: 2.52% Airbnb Rental Income: $552 Traditional Rental Income: $1234 Airbnb ROI: -1.26% Traditional ROI: 2.52%
Merlin Sanitarium Rd Lot 22 Merlin, OR Merlin Sanitarium Rd Lot 22, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 840 sq.ft.	$249,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 2.87% Airbnb Rental Income: $552 Traditional Rental Income: $1234 Airbnb ROI: -1.21% Traditional ROI: 2.87%
Merlin Sanitarium Rd Lot 4 Merlin, OR Merlin Sanitarium Rd Lot 4, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$229,900	Airbnb cash on cash: -1.14% Traditional cash on cash: 9.25% Airbnb Rental Income: $552 Traditional Rental Income: $2531 Airbnb ROI: -1.14% Traditional ROI: 9.25%
Merlin Sanitarium Rd Lot 6 Merlin, OR Merlin Sanitarium Rd Lot 6, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 840 sq.ft.	$249,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 2.87% Airbnb Rental Income: $552 Traditional Rental Income: $1234 Airbnb ROI: -1.21% Traditional ROI: 2.87%
Acorn St Lot 2 Merlin, OR Acorn St Lot 2, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,871 sq.ft.	$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 \| 1,620 sq.ft.	$389,900	Airbnb cash on cash: -1.47% Traditional cash on cash: 1.48% Airbnb Rental Income: $552 Traditional Rental Income: $1353 Airbnb ROI: -1.47% 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: 0.26% Traditional cash on cash: 8.37% Airbnb Rental Income: $968 Traditional Rental Income: $2531 Airbnb ROI: 0.26% Traditional ROI: 8.37%
Merlin Sanitarium Rd Lot 25 Merlin, OR Merlin Sanitarium Rd Lot 25, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$399,900	Airbnb cash on cash: -1.49% Traditional cash on cash: 1.4% Airbnb Rental Income: $552 Traditional Rental Income: $1353 Airbnb ROI: -1.49% Traditional ROI: 1.4%
Merlin Sanitarium Rd Lot 20 Merlin, OR Merlin Sanitarium Rd Lot 20, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$249,900	Airbnb cash on cash: -1.21% Traditional cash on cash: 3.38% Airbnb Rental Income: $552 Traditional Rental Income: $1353 Airbnb ROI: -1.21% Traditional ROI: 3.38%
Merlin Sanitarium Rd Lot 23 Merlin, OR Merlin Sanitarium Rd Lot 23, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$269,900	Airbnb cash on cash: 0.1% Traditional cash on cash: 2.52% Airbnb Rental Income: $968 Traditional Rental Income: $1234 Airbnb ROI: 0.1% Traditional ROI: 2.52%
Merlin Sanitarium Rd Lot 9 Merlin, OR Merlin Sanitarium Rd Lot 9, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$259,900	Airbnb cash on cash: -1.23% Traditional cash on cash: 3.18% Airbnb Rental Income: $552 Traditional Rental Income: $1353 Airbnb ROI: -1.23% Traditional ROI: 3.18%
Acorn St Lot 3 Merlin, OR Acorn St Lot 3, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,520 sq.ft.	$229,900	Airbnb cash on cash: -1.14% Traditional cash on cash: 4.2% Airbnb Rental Income: $552 Traditional Rental Income: $1433 Airbnb ROI: -1.14% Traditional ROI: 4.2%
Merlin Sanitarium Rd Lot 5 Merlin, OR Merlin Sanitarium Rd Lot 5, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$319,900	Airbnb cash on cash: -1.37% Traditional cash on cash: 6.14% Airbnb Rental Income: $552 Traditional Rental Income: $2531 Airbnb ROI: -1.37% Traditional ROI: 6.14%
Merlin Sanitarium Rd Lot 7 Merlin, OR Merlin Sanitarium Rd Lot 7, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$239,900	Airbnb cash on cash: -1.18% Traditional cash on cash: 8.79% Airbnb Rental Income: $552 Traditional Rental Income: $2531 Airbnb ROI: -1.18% Traditional ROI: 8.79%
Merlin Sanitarium Rd Lot 8 Merlin, OR Merlin Sanitarium Rd Lot 8, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$239,900	Airbnb cash on cash: -1.18% Traditional cash on cash: 3.6% Airbnb Rental Income: $552 Traditional Rental Income: $1353 Airbnb ROI: -1.18% Traditional ROI: 3.6%

Real Estate investment in Merlin, OR

There are 57 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 $161. In March 2026, the average monthly cash on cash return in Merlin is 3.00%. The average monthly rental income in Merlin is $1,353.

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

There are 57 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 $1,353.

Your search for investment property begins and ends here

Investment Property for Sale in Merlin, OR

341 Sugar Pine Dr

Merlin, OR

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

$799,000

Airbnb cash on cash: -0.71%

Traditional cash on cash: 3.28%

Airbnb Rental Income: $968

Traditional Rental Income: $3684

Airbnb ROI: -0.71%

Traditional ROI: 3.28%

335 Tavis Dr

Merlin, OR

2 beds | 1 baths | 720 sq.ft.

$264,900

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 | 2 baths | 2,232 sq.ft.

$685,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.42%

Airbnb Rental Income: $null

Traditional Rental Income: $3789

Airbnb ROI: N/A

Traditional ROI: 4.42%

1625 Crow Rd

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%

165 Sunbeam Circle

Merlin, OR

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

$578,000

Airbnb cash on cash: -0.36%

Traditional cash on cash: 3.79%

Airbnb Rental Income: $968

Traditional Rental Income: $2862

Airbnb ROI: -0.36%

Traditional ROI: 3.79%

4866 Galice Rd

Merlin, OR

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

3 beds | 2 baths | 1,320 sq.ft.

$475,000

Airbnb cash on cash: 0%

Traditional cash on cash: 4.71%

Airbnb Rental Income: $968

Traditional Rental Income: $2710

Airbnb ROI: 0%