Real Estate Investment Properties for Sale in Hermiston, OR

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1464 SW RIVERHILL DR Hermiston, OR Welcome to 1464 SW Riverhill Drive! This 3-bedroom, 2.5-bath home has 1,537 square feet of...	3 beds \| 3 baths \| 1,537 sq.ft.	$335,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 7.56% Airbnb Rental Income: $1462 Traditional Rental Income: $3115 Airbnb ROI: 0.93% Traditional ROI: 7.56%
80730 CRAIG RD Hermiston, OR 4-bedroom, 3-bath home on 4.71 acres and a 60x40 shop. Built with 2,940 sq ft total (1,470...	4 beds \| 3 baths \| 2,940 sq.ft.	$524,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.51% Airbnb Rental Income: $null Traditional Rental Income: $4566 Airbnb ROI: N/A Traditional ROI: 7.51%
17 WESTVIEW DR Hermiston, OR Welcome to your new home! From the moment you walk through the door you can imagine yourse...	3 beds \| 2 baths \| 1,208 sq.ft.	$309,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 7.14% Airbnb Rental Income: $1462 Traditional Rental Income: $2739 Airbnb ROI: 1.26% Traditional ROI: 7.14%
774 NE 11TH ST Hermiston, OR Tucked away in Hermistonâs northeast pocket is a lightly lived-in gem that feels brand n...	3 beds \| 2 baths \| 1,372 sq.ft.	$272,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 9.45% Airbnb Rental Income: $1462 Traditional Rental Income: $3030 Airbnb ROI: 1.65% Traditional ROI: 9.45%
29843 ROYCE LN Hermiston, OR Custom built home, only 1 owner sitting on 0.91ac! As you step inside, the living room gr...	4 beds \| 2 baths \| 3,326 sq.ft.	$739,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.96% Airbnb Rental Income: $null Traditional Rental Income: $3474 Airbnb ROI: N/A Traditional ROI: 2.96%
1655 NE 2ND ST Hermiston, OR This beautifully updated home in Hermiston sits on nearly half an acre across two tax lots...	3 beds \| 1 baths \| 1,170 sq.ft.	$380,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 5.44% Airbnb Rental Income: $1462 Traditional Rental Income: $2592 Airbnb ROI: 1.05% Traditional ROI: 5.44%
1069 NE EMERALD DR Hermiston, OR Discover the allure of Hermiston, Oregon's newest community with the Ambience Homes "TOPAZ...	2 beds \| 1 baths \| 720 sq.ft.	$209,900	Airbnb cash on cash: 2.59% Traditional cash on cash: 9.52% Airbnb Rental Income: $1239 Traditional Rental Income: $2224 Airbnb ROI: 2.59% Traditional ROI: 9.52%
33981 HILLTOP DR Hermiston, OR Enjoy the magnificent views of the Columbia River from every room of this 3 bed, 3 bath co...	3 beds \| 3 baths \| 2,529 sq.ft.	$714,900	Airbnb cash on cash: -0.46% Traditional cash on cash: 3.57% Airbnb Rental Income: $1462 Traditional Rental Income: $3712 Airbnb ROI: -0.46% Traditional ROI: 3.57%
80805 TABOR RD Hermiston, OR Welcome to your own slice of paradise. situated on 4.69 irrigated acres in a beautiful Cou...	3 beds \| 3 baths \| 3,092 sq.ft.	$749,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 3.84% Airbnb Rental Income: $1462 Traditional Rental Income: $3796 Airbnb ROI: -0.13% Traditional ROI: 3.84%
852 SW ANGUS CT Hermiston, OR STUNNING Home in Highly Desirable Fieldstone Crossing Subdivision! This incredible 4 bed/3...	4 beds \| 3 baths \| 2,337 sq.ft.	$586,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.62% Airbnb Rental Income: $null Traditional Rental Income: $3739 Airbnb ROI: N/A Traditional ROI: 4.62%
1082 E HIGHLAND AVE Hermiston, OR Freshly painted and a brand-new roof! Discover this striking Hermiston countryside home o...	5 beds \| 3 baths \| 3,394 sq.ft.	$699,990	Airbnb cash on cash: N/A Traditional cash on cash: 4.9% Airbnb Rental Income: $null Traditional Rental Income: $4492 Airbnb ROI: N/A Traditional ROI: 4.9%
33551 E PROGRESS RD Hermiston, OR Always dreamed about owning a custom home in the country? Here it is! This 4 bed/3 bath ho...	4 beds \| 3 baths \| 3,411 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.94% Airbnb Rental Income: $null Traditional Rental Income: $4207 Airbnb ROI: N/A Traditional ROI: 3.94%
153 W BEECH AVE Hermiston, OR This property offers three separate units! A duplex plus an Additional Dwelling Unit (ADU)...	N/A beds \| N/A baths \| N/A	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.99% Airbnb Rental Income: $null Traditional Rental Income: $2143 Airbnb ROI: N/A Traditional ROI: 7.99%
610 NE NORTH ST Hermiston, OR Step into the charm of this updated 1950 bungalow that combines vintage character with mod...	2 beds \| 1 baths \| 846 sq.ft.	$229,900	Airbnb cash on cash: 1.89% Traditional cash on cash: 8.98% Airbnb Rental Income: $1239 Traditional Rental Income: $2386 Airbnb ROI: 1.89% Traditional ROI: 8.98%
80591 SANDPIPER LN Hermiston, OR Well-cared-for and move-in ready, this 1,782 sq ft, 3 bedroom, 2 bath home sits on a priva...	3 beds \| 2 baths \| 1,782 sq.ft.	$449,950	Airbnb cash on cash: 0.71% Traditional cash on cash: 5.27% Airbnb Rental Income: $1462 Traditional Rental Income: $2951 Airbnb ROI: 0.71% Traditional ROI: 5.27%
1011 W Linda Avenue 35 Hermiston, OR Welcome to Sunset Meadows in the charming town of Sisters,Oregon! Built by award winning b...	3 beds \| 3 baths \| 1,680 sq.ft.	$624,950	Airbnb cash on cash: -0.36% Traditional cash on cash: 3.9% Airbnb Rental Income: $1462 Traditional Rental Income: $3512 Airbnb ROI: -0.36% Traditional ROI: 3.9%
1020 W Linda Avenue 12 Hermiston, OR Sunset Meadows Selling Phase 2 has begun! This is your chance to own a townhouse - The Kok...	3 beds \| 3 baths \| 1,498 sq.ft.	$524,950	Airbnb cash on cash: -0.05% Traditional cash on cash: 4.87% Airbnb Rental Income: $1462 Traditional Rental Income: $3447 Airbnb ROI: -0.05% Traditional ROI: 4.87%
1026 W Linda Avenue 11 Hermiston, OR Sunset Meadows Selling Phase 2 has begun! This is your chance to own a townhouse - The Kok...	3 beds \| 3 baths \| 1,498 sq.ft.	$524,950	Airbnb cash on cash: -0.05% Traditional cash on cash: 4.87% Airbnb Rental Income: $1462 Traditional Rental Income: $3447 Airbnb ROI: -0.05% Traditional ROI: 4.87%
290 E McKinney AVE Hermiston, OR Get ready to fall in love with this absolute dream property that perfectly blends country ...	3 beds \| 4 baths \| 2,542 sq.ft.	$950,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 2.68% Airbnb Rental Income: $1462 Traditional Rental Income: $4045 Airbnb ROI: -0.73% Traditional ROI: 2.68%
112 NE 11TH ST Hermiston, OR This home sits on a generous lot with a fully fenced backyard, ideal for outdoor living, p...	4 beds \| 3 baths \| 1,806 sq.ft.	$378,112	Airbnb cash on cash: N/A Traditional cash on cash: 6.8% Airbnb Rental Income: $null Traditional Rental Income: $3274 Airbnb ROI: N/A Traditional ROI: 6.8%
625 W DIVISION AVE Hermiston, OR One-of-a-Kind Cape Cod Estate with Bonus Lot & Studio Apartment!Timeless craftsmanship mee...	5 beds \| 4 baths \| 4,172 sq.ft.	$871,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.6% Airbnb Rental Income: $null Traditional Rental Income: $5634 Airbnb ROI: N/A Traditional ROI: 4.6%
675 W MADRONA AVE Hermiston, OR Prime Duplex Investment in Hermiston!Discover an outstanding opportunity with this rare, A...	5 beds \| 2 baths \| 2,302 sq.ft.	$475,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.61% Airbnb Rental Income: $null Traditional Rental Income: $3459 Airbnb ROI: N/A Traditional ROI: 5.61%
12900 Hawks Beard #42-43 Hermiston, OR Welcome to this stunning condo in the heart of Black Butte Ranch, Central Oregon's premier...	4 beds \| 2 baths \| 1,776 sq.ft.	$825,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.25% Airbnb Rental Income: $null Traditional Rental Income: $3099 Airbnb ROI: N/A Traditional ROI: 0.25%
994 E HURLBURT AVE Hermiston, OR Why settle for ordinary when you can have spacious main-level living, a backyard built for...	3 beds \| 3 baths \| 2,889 sq.ft.	$519,900	Airbnb cash on cash: -0.22% Traditional cash on cash: 5.46% Airbnb Rental Income: $1462 Traditional Rental Income: $3788 Airbnb ROI: -0.22% Traditional ROI: 5.46%
80262 S EDWARDS RD Hermiston, OR Looking for some buffer and your own space? This may be the perfect home for you! This 4 b...	4 beds \| 2 baths \| 2,088 sq.ft.	$524,950	Airbnb cash on cash: N/A Traditional cash on cash: 5.11% Airbnb Rental Income: $null Traditional Rental Income: $3379 Airbnb ROI: N/A Traditional ROI: 5.11%
2317 NW EUCALYPTUS DR Hermiston, OR Well maintained 3 bedroom, 2 bath home all on one level! This 3 bedroom, 2 bath home featu...	3 beds \| 2 baths \| 1,864 sq.ft.	$399,950	Airbnb cash on cash: 0.27% Traditional cash on cash: 7.31% Airbnb Rental Income: $1462 Traditional Rental Income: $3670 Airbnb ROI: 0.27% Traditional ROI: 7.31%
821 SE 9TH DR Hermiston, OR Welcome home to this brand new construction, 3 bedroom, 2 bath home in the heart of Hermis...	4 beds \| 2 baths \| 1,460 sq.ft.	$374,950	Airbnb cash on cash: N/A Traditional cash on cash: 7.33% Airbnb Rental Income: $null Traditional Rental Income: $3088 Airbnb ROI: N/A Traditional ROI: 7.33%
526 W THEATER LN Hermiston, OR Welcome home! This move-in ready 1,468 sq. ft. single-level gem in the desirable Theater P...	3 beds \| 2 baths \| 1,468 sq.ft.	$385,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 5.46% Airbnb Rental Income: $1462 Traditional Rental Income: $2884 Airbnb ROI: 0.33% Traditional ROI: 5.46%
2269 NW EUCALYPTUS DR Hermiston, OR Well maintained 3 bedroom 2 bathroom home. Kitchen is open to the living room and it has a...	3 beds \| 2 baths \| 1,616 sq.ft.	$355,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 6.23% Airbnb Rental Income: $1462 Traditional Rental Income: $2915 Airbnb ROI: 0.58% Traditional ROI: 6.23%
205 SE CRESTLINE DR Hermiston, OR Located in a quiet neighborhood with no thru streets, this is a home that makes you feel w...	4 beds \| 2 baths \| 1,976 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.76% Airbnb Rental Income: $null Traditional Rental Income: $3405 Airbnb ROI: N/A Traditional ROI: 6.76%
738 E CATHERINE AVE Hermiston, OR Completely rebuilt from the foundation up in 2015, this renovated single-level Hermiston h...	3 beds \| 2 baths \| 1,684 sq.ft.	$360,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 6.52% Airbnb Rental Income: $1462 Traditional Rental Income: $2955 Airbnb ROI: 0.83% Traditional ROI: 6.52%

Real Estate investment in Hermiston, OR

There are 31 properties for sale in the city of Hermiston . The median list price in Hermiston is $449,950 and the average price per square foot is $219. In September 2025, the average monthly cash on cash return in Hermiston is 5.00%. The average monthly rental income in Hermiston is $3,405.

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

There are 31 investment properties available for sale in Hermiston.

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

The ROI for Long-Term is higher than the Short-Term in Hermiston with average rental income of $3,405.

Your search for investment property begins and ends here

Investment Property for Sale in Hermiston, OR

1464 SW RIVERHILL DR

Hermiston, OR

3 beds | 3 baths | 1,537 sq.ft.

$335,000

Airbnb cash on cash: 0.93%

Traditional cash on cash: 7.56%

Airbnb Rental Income: $1462

Traditional Rental Income: $3115

Airbnb ROI: 0.93%

Traditional ROI: 7.56%

80730 CRAIG RD

Hermiston, OR

4 beds | 3 baths | 2,940 sq.ft.

$524,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.51%

Airbnb Rental Income: $null

Traditional Rental Income: $4566

Airbnb ROI: N/A

Traditional ROI: 7.51%

17 WESTVIEW DR

Hermiston, OR

3 beds | 2 baths | 1,208 sq.ft.

$309,000

Airbnb cash on cash: 1.26%

Traditional cash on cash: 7.14%

Airbnb Rental Income: $1462

Traditional Rental Income: $2739

Airbnb ROI: 1.26%

Traditional ROI: 7.14%

774 NE 11TH ST

Hermiston, OR

3 beds | 2 baths | 1,372 sq.ft.

$272,000

Airbnb cash on cash: 1.65%

Traditional cash on cash: 9.45%

Airbnb Rental Income: $1462

Traditional Rental Income: $3030

Airbnb ROI: 1.65%

Traditional ROI: 9.45%

29843 ROYCE LN

Hermiston, OR

4 beds | 2 baths | 3,326 sq.ft.

$739,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.96%

Airbnb Rental Income: $null

Traditional Rental Income: $3474

Airbnb ROI: N/A

Traditional ROI: 2.96%

1655 NE 2ND ST

Hermiston, OR

3 beds | 1 baths | 1,170 sq.ft.

$380,000

Airbnb cash on cash: 1.05%

Traditional cash on cash: 5.44%

Airbnb Rental Income: $1462

Traditional Rental Income: $2592

Airbnb ROI: 1.05%

Traditional ROI: 5.44%

1069 NE EMERALD DR

Hermiston, OR

2 beds | 1 baths | 720 sq.ft.

$209,900

Airbnb cash on cash: 2.59%

Traditional cash on cash: 9.52%

Airbnb Rental Income: $1239

Traditional Rental Income: $2224

Airbnb ROI: 2.59%

Traditional ROI: 9.52%

33981 HILLTOP DR

Hermiston, OR

3 beds | 3 baths | 2,529 sq.ft.

$714,900

Airbnb cash on cash: -0.46%

Traditional cash on cash: 3.57%

Airbnb Rental Income: $1462

Traditional Rental Income: $3712

Airbnb ROI: -0.46%