Real Estate Investment Properties for Sale in Salem, OR

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1564 CENTER St NE Salem, OR Hello from Salem's Northeast Neighbors area, where timeless charm, mature tree-lined stree...	3 beds \| 1 baths \| 2,222 sq.ft.	$349,900	Airbnb cash on cash: 1.28% Traditional cash on cash: 4.34% Airbnb Rental Income: $1646 Traditional Rental Income: $2191 Airbnb ROI: 1.28% Traditional ROI: 4.34%
4417 SE BATTLE CREEK Rd Salem, OR $10K Price Drop 10.23.25! Privacy on .5 acre & 5 minutes to I5, stores & Costco. Lots of H...	4 beds \| 1 baths \| 2,693 sq.ft.	$610,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 4.99% Airbnb Rental Income: $2575 Traditional Rental Income: $3992 Airbnb ROI: 1.42% Traditional ROI: 4.99%
1639 Nut Tree Dr NW Salem, OR One of the most beautiful homes in Salemtowne! Fully updated with no detail left out. The ...	3 beds \| 3 baths \| 2,367 sq.ft.	$565,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 5.38% Airbnb Rental Income: $1056 Traditional Rental Income: $3932 Airbnb ROI: -0.77% Traditional ROI: 5.38%
585 Hickory St NE Salem, OR Accepted Offer with Contingencies. Super cute, move-in-ready cottage home! Updated plumbin...	1 beds \| 2 baths \| 616 sq.ft.	$280,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 5.19% Airbnb Rental Income: $1421 Traditional Rental Income: $1867 Airbnb ROI: 1.89% Traditional ROI: 5.19%
8623 Blackhawk Ct SE Salem, OR Discover the ultimate living experience with an exceptional property featuring a separateÂ...	4 beds \| 5 baths \| 3,764 sq.ft.	$1,299,979	Airbnb cash on cash: -0.83% Traditional cash on cash: 3.88% Airbnb Rental Income: $1656 Traditional Rental Income: $6888 Airbnb ROI: -0.83% Traditional ROI: 3.88%
4626 7th Av SE Salem, OR Accepted Offer with Contingencies. Wonderful Single Level Home near Woodmansee Park! Inter...	3 beds \| 1 baths \| 1,090 sq.ft.	$385,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 4.34% Airbnb Rental Income: $1575 Traditional Rental Income: $2358 Airbnb ROI: 0.92% Traditional ROI: 4.34%
2735 Summer St SE Salem, OR Opportunity knocks in Salem! Situated on a generous .25-acre lot, this 2-bedroom, 1-bath h...	2 beds \| 1 baths \| 1,126 sq.ft.	$250,000	Airbnb cash on cash: 2.27% Traditional cash on cash: 4.21% Airbnb Rental Income: $1594 Traditional Rental Income: $1596 Airbnb ROI: 2.27% Traditional ROI: 4.21%
2334 Doaks Ferry Rd NW Salem, OR This beautiful acreage has views, pond, and treed setting with city services available. Va...	3 beds \| 3 baths \| 2,372 sq.ft.	$889,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 3% Airbnb Rental Income: $1056 Traditional Rental Income: $4105 Airbnb ROI: -1.12% Traditional ROI: 3%
741 Van Buren Dr NW Salem, OR Woodhaven Estates!! Gorgeous 2 story home on large terraced lot boasting 2345 SF with rece...	4 beds \| 3 baths \| 2,345 sq.ft.	$539,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.02% Airbnb Rental Income: $null Traditional Rental Income: $4212 Airbnb ROI: N/A Traditional ROI: 6.02%
1540 Madelyn Av SE Salem, OR This updated condo features natural light, two spacious master suites, a private single-ca...	2 beds \| 3 baths \| 1,256 sq.ft.	$271,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 4.5% Airbnb Rental Income: $988 Traditional Rental Income: $1755 Airbnb ROI: 0.12% Traditional ROI: 4.5%
5250 Forest Glen Ct SE Salem, OR Welcome to this beautiful home in sought after SE Salem. Complete with 4 beds, 2.5 baths t...	4 beds \| 3 baths \| 2,220 sq.ft.	$529,000	Airbnb cash on cash: 1.81% Traditional cash on cash: 3.83% Airbnb Rental Income: $2552 Traditional Rental Income: $2940 Airbnb ROI: 1.81% Traditional ROI: 3.83%
767 Mule Deer NW St Salem, OR Don't miss this remodeled home! Open floor plan with new quartz countertops and shaker cab...	3 beds \| 2 baths \| 2,285 sq.ft.	$519,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 5.3% Airbnb Rental Income: $1056 Traditional Rental Income: $3684 Airbnb ROI: -0.87% Traditional ROI: 5.3%
1029 Evergreen NE Av Salem, OR Charming Ranch with Major Updates & Assumable VA Loan. This 3 bedroom, 2 bath ranch (1,611...	3 beds \| 2 baths \| 1,611 sq.ft.	$410,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 5.73% Airbnb Rental Income: $1699 Traditional Rental Income: $3002 Airbnb ROI: 1.11% Traditional ROI: 5.73%
2354 Bluebell Av SE Salem, OR Exquisite home features vaulted ceilings & arched windows. Natural light accentuates fine ...	4 beds \| 3 baths \| 2,680 sq.ft.	$729,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 3.87% Airbnb Rental Income: $2552 Traditional Rental Income: $4134 Airbnb ROI: 0.64% Traditional ROI: 3.87%
1637 PTARMIGAN St NW Salem, OR Every corner of this custom-built, two-story airy sanctuary whispers intention; every fini...	4 beds \| 2 baths \| 3,835 sq.ft.	$819,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.93% Airbnb Rental Income: $null Traditional Rental Income: $3279 Airbnb ROI: N/A Traditional ROI: 1.93%
4985 Ward Dr NE Salem, OR Welcome home in a convenient location close to schools, shopping, and I-5. Remodeled in 20...	4 beds \| 3 baths \| 2,412 sq.ft.	$565,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 2.8% Airbnb Rental Income: $1818 Traditional Rental Income: $2617 Airbnb ROI: 0.36% Traditional ROI: 2.8%
1394 Hayward St S Salem, OR Accepted Offer with Contingencies. OPEN HOUSE Sat 13th 2-4pm Welcome to this Move in/Turn ...	3 beds \| 2 baths \| 1,360 sq.ft.	$428,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 4.05% Airbnb Rental Income: $1609 Traditional Rental Income: $2498 Airbnb ROI: 0.69% Traditional ROI: 4.05%
4748 Astronaut Av NE Salem, OR This beautifully upgraded Cambridge plan offers modern comfort and style with an open-conc...	4 beds \| 3 baths \| 2,326 sq.ft.	$510,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 6.45% Airbnb Rental Income: $1818 Traditional Rental Income: $4160 Airbnb ROI: 0.5% Traditional ROI: 6.45%
2858 Oakcrest Dr NW Salem, OR Accepted Offer with Contingencies. Perfect size and location in Salemtowne, an active 55+ ...	1 beds \| 1 baths \| 776 sq.ft.	$265,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 2.89% Airbnb Rental Income: $1024 Traditional Rental Income: $1289 Airbnb ROI: 0.39% Traditional ROI: 2.89%
5240 Chapman St S Salem, OR Price reduction 5KWelcome Home! Beautiful 3 mountain view! Newly renovated incl. kitchen, ...	4 beds \| 3 baths \| 2,207 sq.ft.	$639,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 4.25% Airbnb Rental Income: $2354 Traditional Rental Income: $3835 Airbnb ROI: 0.79% Traditional ROI: 4.25%
1835 Wakefield Ct NW Salem, OR Wilark Park NW! Cul-De-Dac Charming 2 story home with recent upgrades. Covered front porch...	4 beds \| 2 baths \| 1,696 sq.ft.	$460,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.28% Airbnb Rental Income: $null Traditional Rental Income: $3143 Airbnb ROI: N/A Traditional ROI: 5.28%
173 Salem Heights Av SE Salem, OR Property Zoned MU-III with both residential and commercial potential, this beautifully upd...	5 beds \| 2 baths \| 2,330 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.04% Airbnb Rental Income: $null Traditional Rental Income: $3533 Airbnb ROI: N/A Traditional ROI: 5.04%
6315 Fairway Av SE Salem, OR Move in ready! Fully remodeled 2 bed, 1.5 bath condo featuring new modern kitchen with new...	2 beds \| 2 baths \| 1,120 sq.ft.	$279,900	Airbnb cash on cash: 0.06% Traditional cash on cash: 6.75% Airbnb Rental Income: $988 Traditional Rental Income: $2399 Airbnb ROI: 0.06% Traditional ROI: 6.75%
1075 Vista Av SE Salem, OR Motivated Seller! Welcome to this cozy 1-bedroom home on a spacious 0.18-acre lot, offerin...	1 beds \| 1 baths \| 814 sq.ft.	$305,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 3.27% Airbnb Rental Income: $1309 Traditional Rental Income: $1476 Airbnb ROI: 1.27% Traditional ROI: 3.27%
4081 NE HAWTHORNE Ave Salem, OR This 4-bedroom, 3-bath home offers 2,496 sq. ft. of comfort, functionality, and timeless c...	4 beds \| 3 baths \| 2,496 sq.ft.	$514,900	Airbnb cash on cash: 0.7% Traditional cash on cash: 6.68% Airbnb Rental Income: $1818 Traditional Rental Income: $4205 Airbnb ROI: 0.7% Traditional ROI: 6.68%
3158 19th Pl NW Salem, OR This spacious home nestled in a quiet culdesac, in a highly sought after area of Salem, ha...	4 beds \| 2 baths \| 2,190 sq.ft.	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.09% Airbnb Rental Income: $null Traditional Rental Income: $3816 Airbnb ROI: N/A Traditional ROI: 7.09%
4792 Lancaster #124 Dr NE Salem, OR Accepted Offer with Contingencies. Updated condo in a private gated community with easy ac...	2 beds \| 2 baths \| 928 sq.ft.	$239,000	Airbnb cash on cash: 1.95% Traditional cash on cash: 8.37% Airbnb Rental Income: $1400 Traditional Rental Income: $2428 Airbnb ROI: 1.95% Traditional ROI: 8.37%
745 NE 16TH St Salem, OR Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for ...	4 beds \| 2 baths \| 2,378 sq.ft.	$465,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.48% Airbnb Rental Income: $null Traditional Rental Income: $3712 Airbnb ROI: N/A Traditional ROI: 6.48%
5915 Lone Oak Rd SE Salem, OR Welcome home to Creekside! Great home for entertaining with the living room in the front ...	4 beds \| 3 baths \| 2,552 sq.ft.	$619,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.02% Airbnb Rental Income: $2552 Traditional Rental Income: $3695 Airbnb ROI: 0.99% Traditional ROI: 4.02%
4086 Judy Av NE Salem, OR Welcome to 4086 Judy Ave NE in Salemâa fantastic opportunity for multi-generational or d...	4 beds \| 3 baths \| 2,362 sq.ft.	$469,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.78% Airbnb Rental Income: $null Traditional Rental Income: $4299 Airbnb ROI: N/A Traditional ROI: 7.78%
4109 Illahe River Ct S Salem, OR $30K PRICE REDUCTION, now below appraisal! Custom home, Illahe's newest development. 4brm,...	4 beds \| 3 baths \| 3,164 sq.ft.	$1,095,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.44% Airbnb Rental Income: $null Traditional Rental Income: $4403 Airbnb ROI: N/A Traditional ROI: 2.44%
3301 Bluff Av SE Salem, OR Spacious, one level mid-century rambler, offering 2500+ SF w/ 3 bdrms & 2 bthrms. Nestled ...	3 beds \| 2 baths \| 2,510 sq.ft.	$630,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 4.38% Airbnb Rental Income: $1609 Traditional Rental Income: $3740 Airbnb ROI: -0.02% Traditional ROI: 4.38%
1515 19TH St NE Salem, OR Your very own 1930's English Cottage on a quaint, tree-lined Engelwood street with alllll ...	3 beds \| 2 baths \| 2,295 sq.ft.	$460,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 5.58% Airbnb Rental Income: $1646 Traditional Rental Income: $3351 Airbnb ROI: 0.54% Traditional ROI: 5.58%
771 21st St SE Salem, OR 4 plex investor opportunity in central Salem with potential to assume FHA mortgage at 2.75...	4 beds \| 4 baths \| 2,282 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.13% Airbnb Rental Income: $null Traditional Rental Income: $4237 Airbnb ROI: N/A Traditional ROI: 6.13%
3676 Myrla Ct S Salem, OR Located on a quiet cul-de-sac in a desirable community, this beautifully updated and maint...	4 beds \| 3 baths \| 3,190 sq.ft.	$595,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.09% Airbnb Rental Income: $null Traditional Rental Income: $4688 Airbnb ROI: N/A Traditional ROI: 6.09%
1377 Krysti Ct NE Salem, OR Accepted Offer with Contingencies. Must see this single level 3 bedroom on a quiet cul-de-...	3 beds \| 1 baths \| 1,008 sq.ft.	$367,400	Airbnb cash on cash: 1.65% Traditional cash on cash: 4.48% Airbnb Rental Income: $1684 Traditional Rental Income: $2191 Airbnb ROI: 1.65% Traditional ROI: 4.48%
402 HIMALAYA St NE Salem, OR 4bed + Bonus Room!!!!Welcome to East Park Village in Salem!Just minutes from the State Cap...	4 beds \| 2 baths \| 2,335 sq.ft.	$519,970	Airbnb cash on cash: 0.16% Traditional cash on cash: 4.66% Airbnb Rental Income: $1656 Traditional Rental Income: $3376 Airbnb ROI: 0.16% Traditional ROI: 4.66%
6147 Quail Hollow St SE Salem, OR STUNNING Custom Built Home still looks like new! One owner home that is joyful and full o...	4 beds \| 4 baths \| 3,439 sq.ft.	$849,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 4.57% Airbnb Rental Income: $2552 Traditional Rental Income: $5606 Airbnb ROI: -0.07% Traditional ROI: 4.57%
5585 MOUNTAIN QUAIL Dr Salem, OR	4 beds \| 2 baths \| 1,830 sq.ft.	$514,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.42% Airbnb Rental Income: $null Traditional Rental Income: $2688 Airbnb ROI: N/A Traditional ROI: 3.42%
3671 Johns Pl SE Salem, OR Welcome to this beautifully updated log-style home on 1.5 acres, offering the perfect blen...	3 beds \| 2 baths \| 1,464 sq.ft.	$694,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 1.78% Airbnb Rental Income: $1555 Traditional Rental Income: $2244 Airbnb ROI: 0.02% Traditional ROI: 1.78%

Real Estate investment in Salem, OR

There are 242 properties for sale in the city of Salem . The median list price in Salem is $465,000 and the average price per square foot is $227. In January 2026, the average monthly cash on cash return in Salem is 5.00%. The average monthly rental income in Salem is $2,938.

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

There are 242 investment properties available for sale in Salem.

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

The ROI for Long-Term is higher than the Short-Term in Salem with average rental income of $2,938.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, OR

1564 CENTER St NE

Salem, OR

3 beds | 1 baths | 2,222 sq.ft.

$349,900

Airbnb cash on cash: 1.28%

Traditional cash on cash: 4.34%

Airbnb Rental Income: $1646

Traditional Rental Income: $2191

Airbnb ROI: 1.28%

Traditional ROI: 4.34%

4417 SE BATTLE CREEK Rd

Salem, OR

4 beds | 1 baths | 2,693 sq.ft.

$610,000

Airbnb cash on cash: 1.42%

Traditional cash on cash: 4.99%

Airbnb Rental Income: $2575

Traditional Rental Income: $3992

Airbnb ROI: 1.42%

Traditional ROI: 4.99%

1639 Nut Tree Dr NW

Salem, OR

3 beds | 3 baths | 2,367 sq.ft.

$565,000

Airbnb cash on cash: -0.77%

Traditional cash on cash: 5.38%

Airbnb Rental Income: $1056

Traditional Rental Income: $3932

Airbnb ROI: -0.77%

Traditional ROI: 5.38%

585 Hickory St NE

Salem, OR

1 beds | 2 baths | 616 sq.ft.

$280,000

Airbnb cash on cash: 1.89%

Traditional cash on cash: 5.19%

Airbnb Rental Income: $1421

Traditional Rental Income: $1867

Airbnb ROI: 1.89%

Traditional ROI: 5.19%

8623 Blackhawk Ct SE

Salem, OR

4 beds | 5 baths | 3,764 sq.ft.

$1,299,979

Airbnb cash on cash: -0.83%

Traditional cash on cash: 3.88%

Airbnb Rental Income: $1656

Traditional Rental Income: $6888

Airbnb ROI: -0.83%

Traditional ROI: 3.88%

4626 7th Av SE

Salem, OR

3 beds | 1 baths | 1,090 sq.ft.

$385,000

Airbnb cash on cash: 0.92%

Traditional cash on cash: 4.34%

Airbnb Rental Income: $1575

Traditional Rental Income: $2358

Airbnb ROI: 0.92%

Traditional ROI: 4.34%

2735 Summer St SE

Salem, OR

2 beds | 1 baths | 1,126 sq.ft.

$250,000

Airbnb cash on cash: 2.27%

Traditional cash on cash: 4.21%

Airbnb Rental Income: $1594

Traditional Rental Income: $1596

Airbnb ROI: 2.27%

Traditional ROI: 4.21%

2334 Doaks Ferry Rd NW

Salem, OR

3 beds | 3 baths | 2,372 sq.ft.

$889,000

Airbnb cash on cash: -1.12%

Traditional cash on cash: 3%

Airbnb Rental Income: $1056

Traditional Rental Income: $4105

Airbnb ROI: -1.12%