Real Estate Investment Properties for Sale in Damascus, OR

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
16270 SE Jasper Dr Damascus, OR Experience elevated Pacific Northwest living in the highly sought-after Windswept Waters R...	3 beds \| 2 baths \| 2,717 sq.ft.	$649,800	Airbnb cash on cash: N/A Traditional cash on cash: 2.3% Airbnb Rental Income: $null Traditional Rental Income: $2773 Airbnb ROI: N/A Traditional ROI: 2.3%
17460 SE SUNNYSIDE Rd Damascus, OR -HUGE PRICE REDUCTION, PRICED TO GO!- Beautifully updated ranch style home set on an expan...	3 beds \| 2 baths \| 1,738 sq.ft.	$709,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.15% Airbnb Rental Income: $null Traditional Rental Income: $2749 Airbnb ROI: N/A Traditional ROI: 2.15%
9700 SE Castle Ct Damascus, OR Gorgeous, daylight ranch on Tower Hill in Damascus! Home is on two legal lots of record, 2...	4 beds \| 4 baths \| 5,163 sq.ft.	$1,750,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.85% Airbnb Rental Income: $null Traditional Rental Income: $5236 Airbnb ROI: N/A Traditional ROI: 1.85%
19100 SE DEBORA Dr Damascus, OR Beautifully remodeled traditional home on a peaceful, wooded .69-acre setting in Damascus....	3 beds \| 3 baths \| 3,096 sq.ft.	$1,025,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.41% Airbnb Rental Income: $null Traditional Rental Income: $3959 Airbnb ROI: N/A Traditional ROI: 2.41%
16531 SE Eckert Ln Damascus, OR On the greenbelt! Bathed in natural light, this beautifully designed home features a highl...	5 beds \| 4 baths \| 4,330 sq.ft.	$970,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.56% Airbnb Rental Income: $null Traditional Rental Income: $6973 Airbnb ROI: N/A Traditional ROI: 5.56%
16255 SE Scoria Ln Damascus, OR Open Saturday Dec 9th 1-4 and Sunday Dec 10th, 12-2 pm! Beautiful town-home in a great com...	3 beds \| 2 baths \| 1,611 sq.ft.	$385,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.16% Airbnb Rental Income: $null Traditional Rental Income: $2527 Airbnb ROI: N/A Traditional ROI: 4.16%
16700 SE Van Zyl Dr Damascus, OR Tucked away in the desirable Bel Air Acres neighborhood, this spacious 3783sf home offers ...	5 beds \| 3 baths \| 3,783 sq.ft.	$869,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.86% Airbnb Rental Income: $null Traditional Rental Income: $4460 Airbnb ROI: N/A Traditional ROI: 3.86%
22470 SE Naomi Dr Damascus, OR Located in beautiful unincorporated Damascus Oregon in the much sought after and quiet Ran...	3 beds \| 2 baths \| 1,725 sq.ft.	$599,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.21% Airbnb Rental Income: $null Traditional Rental Income: $4032 Airbnb ROI: N/A Traditional ROI: 5.21%
22735 SE Naomi Dr Damascus, OR Set on an incredible 0.45-acre lot, this perfectly sized Damascus gem offers the ideal bal...	3 beds \| 2 baths \| 1,510 sq.ft.	$595,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.83% Airbnb Rental Income: $null Traditional Rental Income: $2777 Airbnb ROI: N/A Traditional ROI: 2.83%
16725 SE Cohiba Ct Damascus, OR This is the one! Beautifully updated and move-in ready, this 3 bedroom, 2.5 bath home is r...	3 beds \| 2 baths \| 2,231 sq.ft.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.41% Airbnb Rental Income: $null Traditional Rental Income: $3573 Airbnb ROI: N/A Traditional ROI: 4.41%
16400 SE Highway 224 Damascus, OR PRIME COMMERCIAL DEVELOPMENT PROPERTY IN THE APPROVED PLEASANT VALLEY NORTH CARVER COMPREH...	4 beds \| 2 baths \| 3,508 sq.ft.	$1,900,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.01% Airbnb Rental Income: $null Traditional Rental Income: $4097 Airbnb ROI: N/A Traditional ROI: 1.01%
16265 SE Highway 224 Damascus, OR Incredible opportunity to purchase a home/office and shop with RC zoning in a fantastic lo...	2 beds \| 1 baths \| 1,038 sq.ft.	$539,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.55% Airbnb Rental Income: $null Traditional Rental Income: $2108 Airbnb ROI: N/A Traditional ROI: 2.55%
22494 SE RIDGEVIEW Dr Damascus, OR Welcome to this fully remodeled Damascus retreat, where modern comfort meets peaceful Paci...	4 beds \| 3 baths \| 1,968 sq.ft.	$774,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.28% Airbnb Rental Income: $null Traditional Rental Income: $3607 Airbnb ROI: N/A Traditional ROI: 3.28%
21145 SE Tillstrom Rd Damascus, OR For the first time in 50 years this charming 2 story home on 10.7 acres is available. Feat...	4 beds \| 2 baths \| 4,260 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.2% Airbnb Rental Income: $null Traditional Rental Income: $3983 Airbnb ROI: N/A Traditional ROI: 4.2%
13135 SE Winston Rd Damascus, OR Experience country living at its finest on nearly half an acre, nestled on a private road ...	3 beds \| 2 baths \| 2,048 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.87% Airbnb Rental Income: $null Traditional Rental Income: $3627 Airbnb ROI: N/A Traditional ROI: 3.87%
17346 SE Crossroads Ave Damascus, OR This beautifully designed modern townhouse offers 4 bedrooms, 2.5 bathrooms, and 2,258 squ...	4 beds \| 2 baths \| 2,258 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.03% Airbnb Rental Income: $null Traditional Rental Income: $3903 Airbnb ROI: N/A Traditional ROI: 6.03%
17907 S EDGEWOOD Ln Damascus, OR 2.24 Acre property surrounded by mature trees, thoughtful landscaping, and softly lit grou...	4 beds \| 4 baths \| 3,400 sq.ft.	$1,050,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.88% Airbnb Rental Income: $null Traditional Rental Income: $5620 Airbnb ROI: N/A Traditional ROI: 3.88%
16356 SE Anderegg Pkwy Damascus, OR Sellers have made a $15,000 price adjustment and are completing additional updates to furt...	4 beds \| 2 baths \| 2,534 sq.ft.	$595,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $3686 Airbnb ROI: N/A Traditional ROI: 4.31%
14661 SE Royer Rd Damascus, OR 14661 SE Royer Rd, Damascus, OR 97089 \| Single Family Residential	4 beds \| 4 baths \| 2,221 sq.ft.	$785,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.33% Airbnb Rental Income: $null Traditional Rental Income: $3964 Airbnb ROI: N/A Traditional ROI: 3.33%
15852 SE Upman Way Damascus, OR 15852 SE Upman Way, Damascus, OR 97089 \| Single Family Residential	3 beds \| 2 baths \| 2,084 sq.ft.	$499,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.72% Airbnb Rental Income: $null Traditional Rental Income: $3217 Airbnb ROI: N/A Traditional ROI: 4.72%
19710 SE Semple Rd Damascus, OR 19710 SE Semple Rd, Damascus, OR 97089 \| Single Family Residential	4 beds \| 4 baths \| 6,305 sq.ft.	$1,699,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.01% Airbnb Rental Income: $null Traditional Rental Income: $4787 Airbnb ROI: N/A Traditional ROI: 1.01%
19955 SE Tillstrom Rd Damascus, OR 19955 SE Tillstrom Rd, Damascus, OR 97089 \| Single Family Residential	3 beds \| 2 baths \| 2,570 sq.ft.	$1,350,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.79% Airbnb Rental Income: $null Traditional Rental Income: $3543 Airbnb ROI: N/A Traditional ROI: 0.79%
12840 SE 257th Ave Damascus, OR Some properties are defined by their features. Others are defined by how they make you fee...	5 beds \| 3 baths \| 3,378 sq.ft.	$1,299,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.81% Airbnb Rental Income: $null Traditional Rental Income: $4330 Airbnb ROI: N/A Traditional ROI: 1.81%
15429 SE Cobalt Loop Damascus, OR Beautifully updated townhouse in the Crest View Townhomes community offering comfort, func...	3 beds \| 2 baths \| 1,665 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.51% Airbnb Rental Income: $null Traditional Rental Income: $3046 Airbnb ROI: N/A Traditional ROI: 4.51%
19363 SE Debora Dr Damascus, OR Welcome to one of Damascusâ hidden gems â a private Northwest retreat where nature, co...	3 beds \| 2 baths \| 3,561 sq.ft.	$925,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.57% Airbnb Rental Income: $null Traditional Rental Income: $2936 Airbnb ROI: N/A Traditional ROI: 1.57%
20951 SE Bohna Park Rd Damascus, OR Price reduction! Come and see this beautifully updated Daylight Ranch bungalow, nestled on...	3 beds \| 2 baths \| 2,200 sq.ft.	$589,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.44% Airbnb Rental Income: $null Traditional Rental Income: $3483 Airbnb ROI: N/A Traditional ROI: 4.44%
16093 SE Goosehollow Dr Damascus, OR Tucked into the highly sought-after Orchard Lake community, this home offers a rare combin...	4 beds \| 2 baths \| 2,297 sq.ft.	$694,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.32% Airbnb Rental Income: $null Traditional Rental Income: $3679 Airbnb ROI: N/A Traditional ROI: 3.32%
23001 SE Yellowhammer St Damascus, OR A rare opportunity to own a truly distinctive A-frame retreat set on 1.08 private acres, w...	4 beds \| 3 baths \| 2,256 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.84% Airbnb Rental Income: $null Traditional Rental Income: $3764 Airbnb ROI: N/A Traditional ROI: 3.84%
25150 SE Bohna Park Rd Damascus, OR Reduced! Seller says sell! Special estate nestled perfectly on secluded, treed view lot! C...	5 beds \| 5 baths \| 6,000 sq.ft.	$2,295,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.25% Airbnb Rental Income: $null Traditional Rental Income: $8207 Airbnb ROI: N/A Traditional ROI: 2.25%
17323 SE ELIAS Ct Damascus, OR Welcome home to this beautifully maintained 3 bed, 2.5 bath townhouse in Damascus, ideally...	3 beds \| 3 baths \| 1,535 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.29% Airbnb Rental Income: $null Traditional Rental Income: $2927 Airbnb ROI: N/A Traditional ROI: 5.29%
15968 SE Venice Ridge Way Damascus, OR Stunning Home in the Highly Sought-After Orchard Lake Community! This One-Owner Home Offer...	5 beds \| 4 baths \| 3,013 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.12% Airbnb Rental Income: $null Traditional Rental Income: $5117 Airbnb ROI: N/A Traditional ROI: 5.12%
9380 SE Kingswood Way Damascus, OR Perched on 2 secluded acres with spectacular southern views, this exceptional 4,121 sq ft ...	3 beds \| 3 baths \| 4,121 sq.ft.	$1,340,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.79% Airbnb Rental Income: $null Traditional Rental Income: $4683 Airbnb ROI: N/A Traditional ROI: 1.79%
20220 SE Delia St Damascus, OR Open House: Sunday 7/19 from 1-3 pm. This beautiful Damascus one-level ranch home is nestl...	4 beds \| 2 baths \| 2,546 sq.ft.	$764,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.29% Airbnb Rental Income: $null Traditional Rental Income: $3658 Airbnb ROI: N/A Traditional ROI: 3.29%
16204 SE Bel Air Dr Damascus, OR Situated on a picturesque one-acre lot in Damascus, this well-maintained property offers a...	4 beds \| 3 baths \| 2,586 sq.ft.	$745,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.14% Airbnb Rental Income: $null Traditional Rental Income: $4286 Airbnb ROI: N/A Traditional ROI: 4.14%
17256 SE Biscayne St Damascus, OR Spacious 5-bedroom home in an established neighborhood with a peaceful view of mature tree...	5 beds \| 3 baths \| 2,800 sq.ft.	$646,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.04% Airbnb Rental Income: $null Traditional Rental Income: $3888 Airbnb ROI: N/A Traditional ROI: 4.04%
11900 SE Zion Hill Dr Damascus, OR Beautifully built and lovingly maintained custom log home perched at the top of Zion Hill ...	3 beds \| 2 baths \| 2,145 sq.ft.	$875,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.68% Airbnb Rental Income: $null Traditional Rental Income: $3609 Airbnb ROI: N/A Traditional ROI: 2.68%
17366 SE Blackburn St Damascus, OR Welcome to 17366 SE Blackburn St., a beautifully appointed 4-bedroom, 3-bath home in Damas...	4 beds \| 3 baths \| 2,032 sq.ft.	$629,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.08% Airbnb Rental Income: $null Traditional Rental Income: $3725 Airbnb ROI: N/A Traditional ROI: 4.08%
16559 SE WINDSWEPT WATERS Dr Damascus, OR Located in Windswept Waters neighborhood, this beautifully updated home offers privacy on ...	3 beds \| 3 baths \| 1,857 sq.ft.	$560,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.01% Airbnb Rental Income: $null Traditional Rental Income: $3232 Airbnb ROI: N/A Traditional ROI: 4.01%
22755 SE Kingswood Ct Damascus, OR Tucked away on a peaceful 1.25 acre lot bordered by 79 acres of Metro owned land dedicated...	3 beds \| 2 baths \| 2,046 sq.ft.	$699,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.48% Airbnb Rental Income: $null Traditional Rental Income: $3590 Airbnb ROI: N/A Traditional ROI: 3.48%

Real Estate investment in Damascus, OR

There are 54 properties for sale in the city of Damascus . The median list price in Damascus is $660,605 and the average price per square foot is $250. In October 2026, the average monthly cash on cash return in Damascus is 3.00%. The average monthly rental income in Damascus is $3,643.

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

There are 54 investment properties available for sale in Damascus.

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

The ROI for Short-Term is higher than the Long-Term in Damascus with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Damascus, OR

16270 SE Jasper Dr

Damascus, OR

3 beds | 2 baths | 2,717 sq.ft.

$649,800

Airbnb cash on cash: N/A

Traditional cash on cash: 2.3%

Airbnb Rental Income: $null

Traditional Rental Income: $2773

Airbnb ROI: N/A

Traditional ROI: 2.3%

17460 SE SUNNYSIDE Rd

Damascus, OR

3 beds | 2 baths | 1,738 sq.ft.

$709,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.15%

Airbnb Rental Income: $null

Traditional Rental Income: $2749

Airbnb ROI: N/A

Traditional ROI: 2.15%

9700 SE Castle Ct

Damascus, OR

4 beds | 4 baths | 5,163 sq.ft.

$1,750,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.85%

Airbnb Rental Income: $null

Traditional Rental Income: $5236

Airbnb ROI: N/A

Traditional ROI: 1.85%

19100 SE DEBORA Dr

Damascus, OR

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

$1,025,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.41%

Airbnb Rental Income: $null

Traditional Rental Income: $3959

Airbnb ROI: N/A

Traditional ROI: 2.41%

16531 SE Eckert Ln

Damascus, OR

5 beds | 4 baths | 4,330 sq.ft.

$970,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.56%

Airbnb Rental Income: $null

Traditional Rental Income: $6973

Airbnb ROI: N/A

Traditional ROI: 5.56%

16255 SE Scoria Ln

Damascus, OR

3 beds | 2 baths | 1,611 sq.ft.

$385,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.16%

Airbnb Rental Income: $null

Traditional Rental Income: $2527

Airbnb ROI: N/A

Traditional ROI: 4.16%

16700 SE Van Zyl Dr

Damascus, OR

5 beds | 3 baths | 3,783 sq.ft.

$869,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.86%

Airbnb Rental Income: $null

Traditional Rental Income: $4460

Airbnb ROI: N/A

Traditional ROI: 3.86%

22470 SE Naomi Dr

Damascus, OR

3 beds | 2 baths | 1,725 sq.ft.

$599,999

Airbnb cash on cash: N/A

Traditional cash on cash: 5.21%

Airbnb Rental Income: $null

Traditional Rental Income: $4032

Airbnb ROI: N/A