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.	$559,950	Airbnb cash on cash: 1.22% Traditional cash on cash: 4.59% Airbnb Rental Income: $2365 Traditional Rental Income: $3547 Airbnb ROI: 1.22% Traditional ROI: 4.59%
15939 SE TALLINA DR Damascus, OR Welcome to this beautifully maintained and move-in ready 3-bedroom, 2.5-bath home offering...	3 beds \| 3 baths \| 1,827 sq.ft.	$549,900	Airbnb cash on cash: 1.26% Traditional cash on cash: 4.24% Airbnb Rental Income: $2365 Traditional Rental Income: $3315 Airbnb ROI: 1.26% Traditional ROI: 4.24%
16460 SE SCORIA LN Damascus, OR Welcome to your dream townhome in the highly sought-after Wind Swept Waters community! Thi...	3 beds \| 3 baths \| 1,696 sq.ft.	$404,900	Airbnb cash on cash: 1.89% Traditional cash on cash: 5.33% Airbnb Rental Income: $2365 Traditional Rental Income: $3088 Airbnb ROI: 1.89% Traditional ROI: 5.33%
16053 SE TALLINA DR Damascus, OR Well maintained home (w/AC!) tucked away on a private lot! Plenty of parking on long drive...	4 beds \| 3 baths \| 2,200 sq.ft.	$599,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 4.11% Airbnb Rental Income: $1944 Traditional Rental Income: $3601 Airbnb ROI: 0.23% Traditional ROI: 4.11%
18761 SE EL CAMINO TER Damascus, OR Welcome to this beautifully updated home in Damascus, set on nearly an acre with a 39x38 s...	4 beds \| 3 baths \| 2,176 sq.ft.	$800,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 0.71% Airbnb Rental Income: $1944 Traditional Rental Income: $1926 Airbnb ROI: 0.04% Traditional ROI: 0.71%
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: -0.5% Traditional cash on cash: 1.01% Airbnb Rental Income: $1944 Traditional Rental Income: $4097 Airbnb ROI: -0.5% Traditional ROI: 1.01%
15566 SE MELINDA CT Damascus, OR This charming 4 bedroom 2 1/2 bath home sits on the edge of happy valley, offering a rare ...	4 beds \| 3 baths \| 2,455 sq.ft.	$525,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 3.36% Airbnb Rental Income: $1944 Traditional Rental Income: $2915 Airbnb ROI: 0.34% Traditional ROI: 3.36%
15396 SE GRANITE DR Damascus, OR Experience elevated living in this beautifully refreshed 5-bedroom home with a main-level ...	5 beds \| 3 baths \| 2,574 sq.ft.	$649,000	Airbnb cash on cash: 2.3% Traditional cash on cash: 4.78% Airbnb Rental Income: $3572 Traditional Rental Income: $4290 Airbnb ROI: 2.3% Traditional ROI: 4.78%
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: 1.07% Traditional cash on cash: 2.21% Airbnb Rental Income: $1995 Traditional Rental Income: $2108 Airbnb ROI: 1.07% Traditional ROI: 2.21%
15117 SE SHALE DR Damascus, OR Beautiful tradition style home! Move in Ready.Great community park with children play grou...	5 beds \| 3 baths \| 2,570 sq.ft.	$599,990	Airbnb cash on cash: 2.51% Traditional cash on cash: 4.87% Airbnb Rental Income: $3572 Traditional Rental Income: $4109 Airbnb ROI: 2.51% Traditional ROI: 4.87%
16911 SE Siri CT Damascus, OR WHello Future OwnerâI've been waiting for you. Step inside & feel how effortlessly elega...	4 beds \| 3 baths \| 2,198 sq.ft.	$649,900	Airbnb cash on cash: 0.24% Traditional cash on cash: 4.62% Airbnb Rental Income: $1944 Traditional Rental Income: $4083 Airbnb ROI: 0.24% Traditional ROI: 4.62%
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: 0.47% Traditional cash on cash: 3.9% Airbnb Rental Income: $1944 Traditional Rental Income: $3983 Airbnb ROI: 0.47% 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.	$824,999	Airbnb cash on cash: 1.7% Traditional cash on cash: 4.02% Airbnb Rental Income: $3572 Traditional Rental Income: $4571 Airbnb ROI: 1.7% Traditional ROI: 4.02%
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: 0.66% Traditional cash on cash: 4.28% Airbnb Rental Income: $2365 Traditional Rental Income: $4129 Airbnb ROI: 0.66% 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: 0.09% Traditional cash on cash: 1.22% Airbnb Rental Income: $2365 Traditional Rental Income: $2830 Airbnb ROI: 0.09% Traditional ROI: 1.22%
16639 SE WIDGEON LN Damascus, OR Step into a stunning entrance with soaring ceilings and a grand staircase that sets the to...	5 beds \| 3 baths \| 3,573 sq.ft.	$719,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 4.52% Airbnb Rental Income: $3572 Traditional Rental Income: $4592 Airbnb ROI: 1.83% Traditional ROI: 4.52%
16321 SE WIDGEON CT Damascus, OR Welcome to your dream home nestled in the tranquil confines of Damascus, where comfort mee...	4 beds \| 3 baths \| 2,597 sq.ft.	$668,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 3.8% Airbnb Rental Income: $1944 Traditional Rental Income: $3923 Airbnb ROI: -0.2% Traditional ROI: 3.8%
22285 SE RIDGEVIEW DR Damascus, OR Open Sunday 11am-1pm..TREMENDOUS VALUE IN DAMASCUS..SMART LOOKING TWO LEVEL..Greeting you...	4 beds \| 3 baths \| 2,510 sq.ft.	$649,900	Airbnb cash on cash: 0.3% Traditional cash on cash: 4.5% Airbnb Rental Income: $1944 Traditional Rental Income: $3977 Airbnb ROI: 0.3% Traditional ROI: 4.5%
17171 SE 232ND DR Damascus, OR New Price! Your own secluded retreat on 2+ acres! This property was masterfully renovated ...	4 beds \| 4 baths \| 2,300 sq.ft.	$917,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 3.16% Airbnb Rental Income: $1944 Traditional Rental Income: $4174 Airbnb ROI: -0.06% Traditional ROI: 3.16%
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.	$839,900	Airbnb cash on cash: 0.32% Traditional cash on cash: 2.35% Airbnb Rental Income: $2365 Traditional Rental Income: $3366 Airbnb ROI: 0.32% Traditional ROI: 2.35%
16572 SE OAK MEADOW CT Damascus, OR Welcome to your new home in this gated close-in community of Damascus. The curb appeal of ...	4 beds \| 3 baths \| 3,456 sq.ft.	$824,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 3.26% Airbnb Rental Income: $1944 Traditional Rental Income: $4514 Airbnb ROI: -0.76% Traditional ROI: 3.26%
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: 1.54% Traditional cash on cash: 4.17% Airbnb Rental Income: $3572 Traditional Rental Income: $4631 Airbnb ROI: 1.54% Traditional ROI: 4.17%
16910 SE Siri CT Damascus, OR Your 3586 SqFt Dream Home Is Under Construction NEAR COMPLETION! PRIMARY on MAIN + Incredi...	4 beds \| 3 baths \| 3,586 sq.ft.	$899,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 3.91% Airbnb Rental Income: $1944 Traditional Rental Income: $4661 Airbnb ROI: 0.05% Traditional ROI: 3.91%
10695 SE 258TH PL Damascus, OR Charming Country Retreat in the Desirable Sam Barlow School District!Welcome to this spaci...	4 beds \| 3 baths \| 2,125 sq.ft.	$715,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 3.71% Airbnb Rental Income: $1944 Traditional Rental Income: $3805 Airbnb ROI: 0.15% Traditional ROI: 3.71%
21200 SE CURTIS RD Damascus, OR Open House Saturday 8/23 Noon until 2PM. A property like this only comes around once in a...	4 beds \| 4 baths \| 3,042 sq.ft.	$950,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 4.55% Airbnb Rental Income: $1944 Traditional Rental Income: $5574 Airbnb ROI: -0.13% Traditional ROI: 4.55%
15966 SE GOOSEHOLLOW DR Damascus, OR Don't overlook this Special Rare Opportunity: A solid traditional 4 Bedroom Home (with ple...	4 beds \| 3 baths \| 2,517 sq.ft.	$739,900	Airbnb cash on cash: -0.39% Traditional cash on cash: 3.32% Airbnb Rental Income: $1944 Traditional Rental Income: $3991 Airbnb ROI: -0.39% Traditional ROI: 3.32%
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.	$899,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 5.48% Airbnb Rental Income: $3572 Traditional Rental Income: $6161 Airbnb ROI: 1.45% Traditional ROI: 5.48%
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.	$799,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 2.57% Airbnb Rental Income: $2365 Traditional Rental Income: $3238 Airbnb ROI: 0.62% Traditional ROI: 2.57%
16253 SE PYRITE ST Damascus, OR Well Maintained 3 bedroom End unit Townhome in Peaceful Windswept Waters Community. Move-i...	3 beds \| 3 baths \| 1,531 sq.ft.	$399,999	Airbnb cash on cash: 1.91% Traditional cash on cash: 5.01% Airbnb Rental Income: $2365 Traditional Rental Income: $2947 Airbnb ROI: 1.91% Traditional ROI: 5.01%
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.	$739,900	Airbnb cash on cash: 0.11% Traditional cash on cash: 4.58% Airbnb Rental Income: $1944 Traditional Rental Income: $4509 Airbnb ROI: 0.11% Traditional ROI: 4.58%
16119 SE WINTERBORNE DR Damascus, OR Welcome to the Orchard Lake Neighborhood! This is a beautiful 4 bedroom plus office (optio...	4 beds \| 3 baths \| 2,577 sq.ft.	$665,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 3.97% Airbnb Rental Income: $1944 Traditional Rental Income: $4021 Airbnb ROI: -0.2% Traditional ROI: 3.97%
15145 SE ANDERSON RD Damascus, OR Versatile Living, Expansive Shop Space & Natural Beauty in Damascus Set on a private, beau...	3 beds \| 3 baths \| 2,811 sq.ft.	$700,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 5.02% Airbnb Rental Income: $2365 Traditional Rental Income: $4478 Airbnb ROI: 0.89% Traditional ROI: 5.02%

Real Estate investment in Damascus, OR

There are 32 properties for sale in the city of Damascus . The median list price in Damascus is $715,000 and the average price per square foot is $280. In September 2025, the average monthly cash on cash return in Damascus is 4.00%. The average monthly rental income in Damascus is $3,991.

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

There are 32 investment properties available for sale in Damascus.

In 2025, 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 $1,995.

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.

$559,950

Airbnb cash on cash: 1.22%

Traditional cash on cash: 4.59%

Airbnb Rental Income: $2365

Traditional Rental Income: $3547

Airbnb ROI: 1.22%

Traditional ROI: 4.59%

15939 SE TALLINA DR

Damascus, OR

3 beds | 3 baths | 1,827 sq.ft.

$549,900

Airbnb cash on cash: 1.26%

Traditional cash on cash: 4.24%

Airbnb Rental Income: $2365

Traditional Rental Income: $3315

Airbnb ROI: 1.26%

Traditional ROI: 4.24%

16460 SE SCORIA LN

Damascus, OR

3 beds | 3 baths | 1,696 sq.ft.

$404,900

Airbnb cash on cash: 1.89%

Traditional cash on cash: 5.33%

Airbnb Rental Income: $2365

Traditional Rental Income: $3088

Airbnb ROI: 1.89%

Traditional ROI: 5.33%

16053 SE TALLINA DR

Damascus, OR

4 beds | 3 baths | 2,200 sq.ft.

$599,000

Airbnb cash on cash: 0.23%

Traditional cash on cash: 4.11%

Airbnb Rental Income: $1944

Traditional Rental Income: $3601

Airbnb ROI: 0.23%

Traditional ROI: 4.11%

18761 SE EL CAMINO TER

Damascus, OR

4 beds | 3 baths | 2,176 sq.ft.

$800,000

Airbnb cash on cash: 0.04%

Traditional cash on cash: 0.71%

Airbnb Rental Income: $1944

Traditional Rental Income: $1926

Airbnb ROI: 0.04%

Traditional ROI: 0.71%

16400 SE HIGHWAY 224

Damascus, OR

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

$1,900,000

Airbnb cash on cash: -0.5%

Traditional cash on cash: 1.01%

Airbnb Rental Income: $1944

Traditional Rental Income: $4097

Airbnb ROI: -0.5%

Traditional ROI: 1.01%

15566 SE MELINDA CT

Damascus, OR

4 beds | 3 baths | 2,455 sq.ft.

$525,000

Airbnb cash on cash: 0.34%

Traditional cash on cash: 3.36%

Airbnb Rental Income: $1944

Traditional Rental Income: $2915

Airbnb ROI: 0.34%

Traditional ROI: 3.36%

15396 SE GRANITE DR

Damascus, OR

5 beds | 3 baths | 2,574 sq.ft.

$649,000

Airbnb cash on cash: 2.3%

Traditional cash on cash: 4.78%

Airbnb Rental Income: $3572

Traditional Rental Income: $4290

Airbnb ROI: 2.3%