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 \| 3 baths \| 2,717 sq.ft.	$649,800	Airbnb cash on cash: 0.21% Traditional cash on cash: 2.3% Airbnb Rental Income: $2031 Traditional Rental Income: $2773 Airbnb ROI: 0.21% Traditional ROI: 2.3%
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: -0.16% Traditional cash on cash: 2.41% Airbnb Rental Income: $2031 Traditional Rental Income: $3959 Airbnb ROI: -0.16% Traditional ROI: 2.41%
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.	$899,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 3.7% Airbnb Rental Income: $3285 Traditional Rental Income: $4460 Airbnb ROI: 1.41% Traditional ROI: 3.7%
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: 0.55% Traditional cash on cash: 2.84% Airbnb Rental Income: $2031 Traditional Rental Income: $2777 Airbnb ROI: 0.55% Traditional ROI: 2.84%
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 \| 3 baths \| 2,231 sq.ft.	$649,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 4% Airbnb Rental Income: $2031 Traditional Rental Income: $3573 Airbnb ROI: 0.58% Traditional ROI: 4%
16415 SE PYRITE St Damascus, OR Fully updated townhome in desirable Windswept Waters featuring custom kitchen cabinetry, q...	3 beds \| 3 baths \| 1,533 sq.ft.	$419,900	Airbnb cash on cash: 1.22% Traditional cash on cash: 4.44% Airbnb Rental Income: $2031 Traditional Rental Income: $2773 Airbnb ROI: 1.22% Traditional ROI: 4.44%
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: 0.05% Traditional cash on cash: 1.01% Airbnb Rental Income: $3106 Traditional Rental Income: $4097 Airbnb ROI: 0.05% Traditional ROI: 1.01%
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.	$799,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 3.14% Airbnb Rental Income: $3106 Traditional Rental Income: $3607 Airbnb ROI: 1.52% Traditional ROI: 3.14%
23040 SE YELLOWHAMMER St Damascus, OR NEW PRICE! Fully Remodeled 5-Bed, 3-Bath Home with large RV/Boat Parking for your toys! La...	5 beds \| 3 baths \| 2,464 sq.ft.	$799,999	Airbnb cash on cash: 1.52% Traditional cash on cash: 3.58% Airbnb Rental Income: $3285 Traditional Rental Income: $4080 Airbnb ROI: 1.52% Traditional ROI: 3.58%
16356 SE ANDEREGG Pkwy Damascus, OR Sellers have made a $15,000 price adjustment and are completing additional updates to furt...	4 beds \| 3 baths \| 2,534 sq.ft.	$610,000	Airbnb cash on cash: 1.92% Traditional cash on cash: 4.18% Airbnb Rental Income: $3106 Traditional Rental Income: $3686 Airbnb ROI: 1.92% Traditional ROI: 4.18%
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: 0.34% Traditional cash on cash: 1.81% Airbnb Rental Income: $3285 Traditional Rental Income: $4330 Airbnb ROI: 0.34% Traditional ROI: 1.81%
15429 SE COBALT Loop Damascus, OR Beautifully updated townhouse in the Crest View Townhomes community offering comfort, func...	3 beds \| 3 baths \| 1,665 sq.ft.	$409,900	Airbnb cash on cash: 0.36% Traditional cash on cash: 4.37% Airbnb Rental Income: $2031 Traditional Rental Income: $3046 Airbnb ROI: 0.36% Traditional ROI: 4.37%
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: -0.1% Traditional cash on cash: 1.57% Airbnb Rental Income: $2031 Traditional Rental Income: $2936 Airbnb ROI: -0.1% 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.	$609,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 4.25% Airbnb Rental Income: $2031 Traditional Rental Income: $3483 Airbnb ROI: 0.78% Traditional ROI: 4.25%
16093 SE GOOSEHOLLOW Dr Damascus, OR Tucked into the highly sought-after Orchard Lake community, this home offers a rare combin...	4 beds \| 3 baths \| 2,297 sq.ft.	$694,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 3.45% Airbnb Rental Income: $3106 Traditional Rental Income: $3679 Airbnb ROI: 1.47% Traditional ROI: 3.45%
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: 1.67% Traditional cash on cash: 3.84% Airbnb Rental Income: $3106 Traditional Rental Income: $3764 Airbnb ROI: 1.67% Traditional ROI: 3.84%
12550 SE 242ND Ave Damascus, OR Priced at $749,000 as the owners relocate for a career move, this inviting 1949 home sits ...	4 beds \| 3 baths \| 3,413 sq.ft.	$749,000	Airbnb cash on cash: 1.67% Traditional cash on cash: 4.62% Airbnb Rental Income: $3106 Traditional Rental Income: $4460 Airbnb ROI: 1.67% Traditional ROI: 4.62%
25150 SE BOHNA PARK Rd Damascus, OR Reduced! Seller says sell! Special estate nestled perfectly on secluded, treed view lot! C...	5 beds \| 6 baths \| 6,000 sq.ft.	$2,375,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 2.14% Airbnb Rental Income: $3285 Traditional Rental Income: $8207 Airbnb ROI: -0.43% Traditional ROI: 2.14%
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.	$409,900	Airbnb cash on cash: 1.43% Traditional cash on cash: 5.14% Airbnb Rental Income: $2031 Traditional Rental Income: $2927 Airbnb ROI: 1.43% Traditional ROI: 5.14%
15968 SE VENICE RIDGE Way Damascus, OR OPEN HOUSE SATURDAY 7/11 3:00PM - 4:30PM!!! Stunning Home in the Highly Sought-After Orcha...	5 beds \| 4 baths \| 3,013 sq.ft.	$750,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 5.12% Airbnb Rental Income: $3285 Traditional Rental Income: $5117 Airbnb ROI: 1.45% 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 \| 4 baths \| 4,121 sq.ft.	$1,340,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 1.79% Airbnb Rental Income: $2031 Traditional Rental Income: $4683 Airbnb ROI: -0.76% Traditional ROI: 1.79%
20220 SE DELIA St Damascus, OR This beautiful Damascus one-level ranch home is nestled on 1.79 acres. Private road. Enjoy...	4 beds \| 2 baths \| 2,546 sq.ft.	$777,950	Airbnb cash on cash: 1.48% Traditional cash on cash: 3.22% Airbnb Rental Income: $3106 Traditional Rental Income: $3658 Airbnb ROI: 1.48% Traditional ROI: 3.22%
16204 SE BEL AIR Dr Damascus, OR Situated on a picturesque one-acre lot in Damascus, this well-maintained property offers a...	4 beds \| 4 baths \| 2,586 sq.ft.	$795,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 3.82% Airbnb Rental Income: $3106 Traditional Rental Income: $4286 Airbnb ROI: 1.27% Traditional ROI: 3.82%
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.	$654,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 4.04% Airbnb Rental Income: $3285 Traditional Rental Income: $3888 Airbnb ROI: 1.84% 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 \| 3 baths \| 2,145 sq.ft.	$875,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 2.72% Airbnb Rental Income: $2031 Traditional Rental Income: $3609 Airbnb ROI: 0.14% Traditional ROI: 2.72%
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: 1.83% Traditional cash on cash: 4.08% Airbnb Rental Income: $3106 Traditional Rental Income: $3725 Airbnb ROI: 1.83% 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: 0.7% Traditional cash on cash: 4.01% Airbnb Rental Income: $2031 Traditional Rental Income: $3232 Airbnb ROI: 0.7% 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 \| 3 baths \| 2,046 sq.ft.	$739,900	Airbnb cash on cash: 0.22% Traditional cash on cash: 3.24% Airbnb Rental Income: $2031 Traditional Rental Income: $3590 Airbnb ROI: 0.22% Traditional ROI: 3.24%

Real Estate investment in Damascus, OR

There are 34 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 $247. In July 2026, the average monthly cash on cash return in Damascus is 4.00%. The average monthly rental income in Damascus is $3,679.

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

There are 34 investment properties available for sale in Damascus.

In 2026, 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 $3,679.

Your search for investment property begins and ends here

Investment Property for Sale in Damascus, OR

16270 SE JASPER Dr

Damascus, OR

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

$649,800

Airbnb cash on cash: 0.21%

Traditional cash on cash: 2.3%

Airbnb Rental Income: $2031

Traditional Rental Income: $2773

Airbnb ROI: 0.21%

Traditional ROI: 2.3%

19100 SE DEBORA Dr

Damascus, OR

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

$1,025,000

Airbnb cash on cash: -0.16%

Traditional cash on cash: 2.41%

Airbnb Rental Income: $2031

Traditional Rental Income: $3959

Airbnb ROI: -0.16%

Traditional ROI: 2.41%

16700 SE VAN ZYL Dr

Damascus, OR

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

$899,000

Airbnb cash on cash: 1.41%

Traditional cash on cash: 3.7%

Airbnb Rental Income: $3285

Traditional Rental Income: $4460

Airbnb ROI: 1.41%

Traditional ROI: 3.7%

22735 SE NAOMI Dr

Damascus, OR

3 beds | 2 baths | 1,510 sq.ft.

$595,000

Airbnb cash on cash: 0.55%

Traditional cash on cash: 2.84%

Airbnb Rental Income: $2031

Traditional Rental Income: $2777

Airbnb ROI: 0.55%

Traditional ROI: 2.84%

16725 SE Cohiba Ct

Damascus, OR

3 beds | 3 baths | 2,231 sq.ft.

$649,000

Airbnb cash on cash: 0.58%

Traditional cash on cash: 4%

Airbnb Rental Income: $2031

Traditional Rental Income: $3573

Airbnb ROI: 0.58%

Traditional ROI: 4%

16415 SE PYRITE St

Damascus, OR

3 beds | 3 baths | 1,533 sq.ft.

$419,900

Airbnb cash on cash: 1.22%

Traditional cash on cash: 4.44%

Airbnb Rental Income: $2031

Traditional Rental Income: $2773

Airbnb ROI: 1.22%

Traditional ROI: 4.44%

16400 SE HIGHWAY 224

Damascus, OR

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

$1,900,000

Airbnb cash on cash: 0.05%

Traditional cash on cash: 1.01%

Airbnb Rental Income: $3106

Traditional Rental Income: $4097

Airbnb ROI: 0.05%

Traditional ROI: 1.01%

22494 SE RIDGEVIEW Dr

Damascus, OR

4 beds | 3 baths | 1,968 sq.ft.

$799,000

Airbnb cash on cash: 1.52%

Traditional cash on cash: 3.14%

Airbnb Rental Income: $3106

Traditional Rental Income: $3607

Airbnb ROI: 1.52%