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
15786 SE JANSIK CT Damascus, OR Beautiful 3 bed, 2.5 bath home in desirable Windswept Waters neighborhood. Features includ...	3 beds \| 3 baths \| 1,997 sq.ft.	$554,950	Airbnb cash on cash: 0.93% Traditional cash on cash: 4.64% Airbnb Rental Income: $2172 Traditional Rental Income: $3547 Airbnb ROI: 0.93% Traditional ROI: 4.64%
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: -0.29% Traditional cash on cash: 1.01% Airbnb Rental Income: $2385 Traditional Rental Income: $4097 Airbnb ROI: -0.29% 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.	$600,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 2.21% Airbnb Rental Income: $2070 Traditional Rental Income: $2108 Airbnb ROI: 1.19% Traditional ROI: 2.21%
16911 SE Siri CT Damascus, OR Hello Future OwnerâI've been waiting for you. Step inside & feel how effortlessly elegan...	4 beds \| 3 baths \| 2,198 sq.ft.	$639,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 4.72% Airbnb Rental Income: $2385 Traditional Rental Income: $4083 Airbnb ROI: 0.89% Traditional ROI: 4.72%
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.	$799,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 3.9% Airbnb Rental Income: $2385 Traditional Rental Income: $3983 Airbnb ROI: 0.96% Traditional ROI: 3.9%
9315 SE KINGSWOOD WAY Damascus, OR Great Location with a view and your own private park. Three different living areas with th...	5 beds \| 3 baths \| 3,645 sq.ft.	$799,900	Airbnb cash on cash: 1.72% Traditional cash on cash: 4.18% Airbnb Rental Income: $3514 Traditional Rental Income: $4571 Airbnb ROI: 1.72% Traditional ROI: 4.18%
19174 SE DEBORA DR Damascus, OR MAJOR PRICE REDUCTION: Step into your dream home, a custom-built haven embraced by towerin...	3 beds \| 3 baths \| 3,400 sq.ft.	$695,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 4.28% Airbnb Rental Income: $2172 Traditional Rental Income: $4129 Airbnb ROI: 0.41% Traditional ROI: 4.28%
19691 SE SEMPLE RD Damascus, OR Discover Your Private Paradise! This rare find offers the perfect combination of modern li...	3 beds \| 2 baths \| 1,656 sq.ft.	$999,500	Airbnb cash on cash: -0.08% Traditional cash on cash: 1.22% Airbnb Rental Income: $2172 Traditional Rental Income: $2830 Airbnb ROI: -0.08% Traditional ROI: 1.22%
15400 SE BARLOW CT Damascus, OR Wonderful property in a prime Damascus location. This Unique Split Level Home has so much ...	4 beds \| 2 baths \| 2,352 sq.ft.	$819,999	Airbnb cash on cash: 0.26% Traditional cash on cash: 2.43% Airbnb Rental Income: $2385 Traditional Rental Income: $3456 Airbnb ROI: 0.26% Traditional ROI: 2.43%
19609 SE WOODED HILLS DR Damascus, OR Incredible opportunity to own a tranquil, private, wooded, and grassy retreat on 5 acres w...	3 beds \| 2 baths \| 2,076 sq.ft.	$820,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 2.43% Airbnb Rental Income: $2172 Traditional Rental Income: $3366 Airbnb ROI: 0.14% Traditional ROI: 2.43%
16117 SE GOOSEHOLLOW DR Damascus, OR Tucked away on a quiet lot in the Orchard Lake community, this spacious 5-bedroom, 3-bathr...	5 beds \| 3 baths \| 3,234 sq.ft.	$752,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 4.17% Airbnb Rental Income: $3514 Traditional Rental Income: $4631 Airbnb ROI: 1.47% Traditional ROI: 4.17%
15966 SE GOOSEHOLLOW DR Damascus, OR Open House Sunday October 12th 1-3 PM! STUNNING TRADITIONAL WITH PEACEFUL VIEW OF ORCHAR...	4 beds \| 3 baths \| 2,517 sq.ft.	$719,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 3.44% Airbnb Rental Income: $2385 Traditional Rental Income: $3991 Airbnb ROI: 0.17% Traditional ROI: 3.44%
8970 SE KINGSWOOD WAY Damascus, OR Damascus farmhouse on 5 private acres with sweeping Mt. Hood views. Arrive in style under ...	5 beds \| 4 baths \| 3,886 sq.ft.	$870,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 5.69% Airbnb Rental Income: $3514 Traditional Rental Income: $6161 Airbnb ROI: 1.47% Traditional ROI: 5.69%
18027 SE EMI ST Damascus, OR Welcome to this exceptional property that offers space, comfort, and versatility on a juni...	3 beds \| 3 baths \| 1,785 sq.ft.	$784,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 2.64% Airbnb Rental Income: $2172 Traditional Rental Income: $3238 Airbnb ROI: 0.43% Traditional ROI: 2.64%
13633 SE 178TH AVE Damascus, OR The perfect blend of serenity and convenience. Spacious 2 level Damascus home, with mid-ce...	4 beds \| 3 baths \| 2,680 sq.ft.	$719,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 4.74% Airbnb Rental Income: $2385 Traditional Rental Income: $4509 Airbnb ROI: 0.69% Traditional ROI: 4.74%
13895 SE RUST WAY Damascus, OR OPEN HOUSE SUNDAY 10/9 11:30am - 1:30 pm. A perfect home with separation of spaces that co...	4 beds \| 3 baths \| 3,026 sq.ft.	$685,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 5.62% Airbnb Rental Income: $2385 Traditional Rental Income: $4808 Airbnb ROI: 0.91% Traditional ROI: 5.62%
23040 SE YELLOWHAMMER ST Damascus, OR Fully Remodeled 5-Bed, 3-Bath Home with large RV/Boat Parking for your toys!, Large Trex D...	5 beds \| 3 baths \| 2,464 sq.ft.	$859,000	Airbnb cash on cash: 1.62% Traditional cash on cash: 3.3% Airbnb Rental Income: $3514 Traditional Rental Income: $4080 Airbnb ROI: 1.62% Traditional ROI: 3.3%
9151 SE HIDEAWAY CT Damascus, OR Tucked away on a private road in the peaceful neighborhood of Hidden Hollow, a serene corn...	5 beds \| 3 baths \| 2,915 sq.ft.	$799,999	Airbnb cash on cash: 1.73% Traditional cash on cash: 4.19% Airbnb Rental Income: $3514 Traditional Rental Income: $4571 Airbnb ROI: 1.73% Traditional ROI: 4.19%
11790 SE WILDWOOD DR Damascus, OR Beautiful MidCentury Modern designed Daylight Ranch offering serene privacy on a fully lan...	4 beds \| 2 baths \| 2,944 sq.ft.	$899,950	Airbnb cash on cash: 0.47% Traditional cash on cash: 3.32% Airbnb Rental Income: $2385 Traditional Rental Income: $4187 Airbnb ROI: 0.47% Traditional ROI: 3.32%
20160 SE FOSTER RD Damascus, OR Don't walk. RUN and come see this stunning property in the heart of Damascus that perfectl...	3 beds \| 2 baths \| 2,419 sq.ft.	$849,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 2.23% Airbnb Rental Income: $2172 Traditional Rental Income: $3345 Airbnb ROI: 0.05% Traditional ROI: 2.23%

Real Estate investment in Damascus, OR

There are 20 properties for sale in the city of Damascus . The median list price in Damascus is $799,450 and the average price per square foot is $296. In October 2025, the average monthly cash on cash return in Damascus is 4.00%. The average monthly rental income in Damascus is $4,082.

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

There are 20 investment properties available for sale in Damascus.

In 2025, the best neighborhood to buy investment property is Damascus.

The ROI for Long-Term is higher than the Short-Term in Damascus with average rental income of $4,082.

Your search for investment property begins and ends here

Investment Property for Sale in Damascus, OR

15786 SE JANSIK CT

Damascus, OR

3 beds | 3 baths | 1,997 sq.ft.

$554,950

Airbnb cash on cash: 0.93%

Traditional cash on cash: 4.64%

Airbnb Rental Income: $2172

Traditional Rental Income: $3547

Airbnb ROI: 0.93%

Traditional ROI: 4.64%

16400 SE HIGHWAY 224

Damascus, OR

4 beds | 2 baths | 3,508 sq.ft.

$1,900,000

Airbnb cash on cash: -0.29%

Traditional cash on cash: 1.01%

Airbnb Rental Income: $2385

Traditional Rental Income: $4097

Airbnb ROI: -0.29%

Traditional ROI: 1.01%

16265 SE HIGHWAY 224

Damascus, OR

2 beds | 1 baths | 1,038 sq.ft.

$600,000

Airbnb cash on cash: 1.19%

Traditional cash on cash: 2.21%

Airbnb Rental Income: $2070

Traditional Rental Income: $2108

Airbnb ROI: 1.19%

Traditional ROI: 2.21%

16911 SE Siri CT

Damascus, OR

4 beds | 3 baths | 2,198 sq.ft.

$639,900

Airbnb cash on cash: 0.89%

Traditional cash on cash: 4.72%

Airbnb Rental Income: $2385

Traditional Rental Income: $4083

Airbnb ROI: 0.89%

Traditional ROI: 4.72%

21145 SE TILLSTROM RD

Damascus, OR

4 beds | 2 baths | 4,260 sq.ft.

$799,000

Airbnb cash on cash: 0.96%

Traditional cash on cash: 3.9%

Airbnb Rental Income: $2385

Traditional Rental Income: $3983

Airbnb ROI: 0.96%

Traditional ROI: 3.9%

9315 SE KINGSWOOD WAY

Damascus, OR

5 beds | 3 baths | 3,645 sq.ft.

$799,900

Airbnb cash on cash: 1.72%

Traditional cash on cash: 4.18%

Airbnb Rental Income: $3514

Traditional Rental Income: $4571

Airbnb ROI: 1.72%

Traditional ROI: 4.18%

19174 SE DEBORA DR

Damascus, OR

3 beds | 3 baths | 3,400 sq.ft.

$695,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 4.28%

Airbnb Rental Income: $2172

Traditional Rental Income: $4129

Airbnb ROI: 0.41%

Traditional ROI: 4.28%

19691 SE SEMPLE RD

Damascus, OR

3 beds | 2 baths | 1,656 sq.ft.

$999,500

Airbnb cash on cash: -0.08%

Traditional cash on cash: 1.22%

Airbnb Rental Income: $2172

Traditional Rental Income: $2830

Airbnb ROI: -0.08%