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
717 W PHEASANT Ave Hermiston, OR Welcome to this beautifully maintained single-level home offering comfort, charm, and a wo...	4 beds \| 2 baths \| 1,598 sq.ft.	$374,999	Airbnb cash on cash: N/A Traditional cash on cash: 6.22% Airbnb Rental Income: $null Traditional Rental Income: $2995 Airbnb ROI: N/A Traditional ROI: 6.22%
790 W DIVISION Ave Hermiston, OR Seller says, bring me an offer! Welcome to this warm and inviting single-level 3-bedroom, ...	3 beds \| 2 baths \| 1,758 sq.ft.	$369,000	Airbnb cash on cash: -1.66% Traditional cash on cash: 7.35% Airbnb Rental Income: $591 Traditional Rental Income: $3426 Airbnb ROI: -1.66% Traditional ROI: 7.35%
1205 S 1ST St Hermiston, OR One-of-a-Kind Hermiston Property on 1.2 Acres with full water rights!!Welcome home to this...	4 beds \| 2 baths \| 1,954 sq.ft.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 7% Airbnb Rental Income: $null Traditional Rental Income: $3514 Airbnb ROI: N/A Traditional ROI: 7%
1382 SW RIVERHILL Dr Hermiston, OR Newly remodeled charming 3 bedroom and 2 bathroom home. Featuring vaulted ceilings, open f...	3 beds \| 2 baths \| 1,374 sq.ft.	$329,999	Airbnb cash on cash: -1.37% Traditional cash on cash: 4.41% Airbnb Rental Income: $591 Traditional Rental Income: $2096 Airbnb ROI: -1.37% Traditional ROI: 4.41%
774 NE 11TH St Hermiston, OR Tucked away in Hermiston's northeast pocket is a lightly lived-in gem that feels brand new...	3 beds \| 2 baths \| 1,372 sq.ft.	$272,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 9.45% Airbnb Rental Income: $591 Traditional Rental Income: $3030 Airbnb ROI: -1.18% Traditional ROI: 9.45%
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.	$375,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 5.52% Airbnb Rental Income: $591 Traditional Rental Income: $2592 Airbnb ROI: -0.98% Traditional ROI: 5.52%
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.	$689,900	Airbnb cash on cash: -1.57% Traditional cash on cash: 3.73% Airbnb Rental Income: $591 Traditional Rental Income: $3712 Airbnb ROI: -1.57% Traditional ROI: 3.73%
80805 TABOR Rd Hermiston, OR Welcome to your own slice of paradise. situated on 4.69 irrigated acres in a beautiful Cou...	3 beds \| 2 baths \| 3,092 sq.ft.	$729,000	Airbnb cash on cash: -1.17% Traditional cash on cash: 3.97% Airbnb Rental Income: $591 Traditional Rental Income: $3796 Airbnb ROI: -1.17% Traditional ROI: 3.97%
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%
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.	$439,950	Airbnb cash on cash: -1.02% Traditional cash on cash: 5.41% Airbnb Rental Income: $591 Traditional Rental Income: $2951 Airbnb ROI: -1.02% Traditional ROI: 5.41%
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.	$609,950	Airbnb cash on cash: -1.59% Traditional cash on cash: 4.04% Airbnb Rental Income: $591 Traditional Rental Income: $3512 Airbnb ROI: -1.59% Traditional ROI: 4.04%
897 E Autumn Ave Hermiston, OR Discover unparalleled modern luxury in this brand-new 3-bedroom, 2-bathroom home, ideally ...	3 beds \| 2 baths \| 1,494 sq.ft.	$379,950	Airbnb cash on cash: -0.61% Traditional cash on cash: 6.94% Airbnb Rental Income: $591 Traditional Rental Income: $2995 Airbnb ROI: -0.61% Traditional ROI: 6.94%
290 E McKinney Ave Hermiston, OR Get ready to fall in love with this absolute dream property that perfectly blends country ...	3 beds \| 3 baths \| 2,542 sq.ft.	$950,000	Airbnb cash on cash: -1.55% Traditional cash on cash: 2.68% Airbnb Rental Income: $591 Traditional Rental Income: $4045 Airbnb ROI: -1.55% 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 \| 2 baths \| 1,806 sq.ft.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.97% Airbnb Rental Income: $null Traditional Rental Income: $3274 Airbnb ROI: N/A Traditional ROI: 6.97%
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.	$509,900	Airbnb cash on cash: -1.72% Traditional cash on cash: 5.58% Airbnb Rental Income: $591 Traditional Rental Income: $3788 Airbnb ROI: -1.72% Traditional ROI: 5.58%
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.	$370,000	Airbnb cash on cash: -1.71% Traditional cash on cash: 5.72% Airbnb Rental Income: $591 Traditional Rental Income: $2884 Airbnb ROI: -1.71% Traditional ROI: 5.72%
738 E CATHERINE Ave Hermiston, OR Well maintained 3 bedroom 2 bath home with a storage or office space. Rebuilt from bottom ...	3 beds \| 2 baths \| 1,688 sq.ft.	$340,000	Airbnb cash on cash: -1.34% Traditional cash on cash: 6.96% Airbnb Rental Income: $591 Traditional Rental Income: $2955 Airbnb ROI: -1.34% Traditional ROI: 6.96%
32402 Shoop Ln Hermiston, OR Enjoy the best of convenient country living on 5 acres with water rights- far enough out f...	3 beds \| 2 baths \| 1,458 sq.ft.	$650,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 2.69% Airbnb Rental Income: $591 Traditional Rental Income: $2604 Airbnb ROI: -1.11% Traditional ROI: 2.69%
490 NW 3RD St Hermiston, OR Huge Investment Potential! This 3 Bedroom, One Level Home sits on a corner lot with a fenc...	3 beds \| 1 baths \| 1,058 sq.ft.	$285,000	Airbnb cash on cash: -0.89% Traditional cash on cash: 7.52% Airbnb Rental Income: $591 Traditional Rental Income: $2561 Airbnb ROI: -0.89% Traditional ROI: 7.52%
32537 Baxter Rd Hermiston, OR Looking for acreage WITH all the amenities already established? This may be the perfect on...	3 beds \| 2 baths \| 2,192 sq.ft.	$549,950	Airbnb cash on cash: -1.35% Traditional cash on cash: 5.1% Airbnb Rental Income: $591 Traditional Rental Income: $3617 Airbnb ROI: -1.35% Traditional ROI: 5.1%
2457 NE 5TH St Hermiston, OR Welcome to this wonderfully maintained and gently lived-in 3-bedroom, 2 bath home built in...	3 beds \| 2 baths \| 1,352 sq.ft.	$377,700	Airbnb cash on cash: -1.45% Traditional cash on cash: 6.98% Airbnb Rental Income: $591 Traditional Rental Income: $3293 Airbnb ROI: -1.45% Traditional ROI: 6.98%
1322 NE GILLESPIE Ln Hermiston, OR The Perks of Country Living with the Ease of Being Close to Town! Welcome to 1322 NE Gille...	2 beds \| 2 baths \| 1,373 sq.ft.	$339,900	Airbnb cash on cash: 0.16% Traditional cash on cash: 5.66% Airbnb Rental Income: $1040 Traditional Rental Income: $2434 Airbnb ROI: 0.16% Traditional ROI: 5.66%
885 W Duane Ave Hermiston, OR Welcome home to this charming 3-bedroom, 2-bath property tucked within one of Hermiston's ...	3 beds \| 2 baths \| 1,294 sq.ft.	$319,500	Airbnb cash on cash: -1.29% Traditional cash on cash: 6.81% Airbnb Rental Income: $591 Traditional Rental Income: $2735 Airbnb ROI: -1.29% Traditional ROI: 6.81%
1027 NE EMERALD Dr Hermiston, OR Discover the allure of Hermiston, Oregon's newest community with the Ambience Homes "Jaspe...	3 beds \| 2 baths \| 1,344 sq.ft.	$262,000	Airbnb cash on cash: -1.33% Traditional cash on cash: 8.94% Airbnb Rental Income: $591 Traditional Rental Income: $2842 Airbnb ROI: -1.33% Traditional ROI: 8.94%
277 GROUSE Ct Hermiston, OR Well maintained 3 bedroom two bath home. This home has an inviting open floorplan perfect ...	3 beds \| 2 baths \| 1,216 sq.ft.	$312,000	Airbnb cash on cash: -1.33% Traditional cash on cash: 6.81% Airbnb Rental Income: $591 Traditional Rental Income: $2693 Airbnb ROI: -1.33% Traditional ROI: 6.81%

Real Estate investment in Hermiston, OR

There are 26 properties for sale in the city of Hermiston . The median list price in Hermiston is $375,000 and the average price per square foot is $210. In December 2025, the average monthly cash on cash return in Hermiston is 6.00%. The average monthly rental income in Hermiston is $3,013.

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

There are 26 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 $3,013.

Your search for investment property begins and ends here

Investment Property for Sale in Hermiston, OR

717 W PHEASANT Ave

Hermiston, OR

4 beds | 2 baths | 1,598 sq.ft.

$374,999

Airbnb cash on cash: N/A

Traditional cash on cash: 6.22%

Airbnb Rental Income: $null

Traditional Rental Income: $2995

Airbnb ROI: N/A

Traditional ROI: 6.22%

790 W DIVISION Ave

Hermiston, OR

3 beds | 2 baths | 1,758 sq.ft.

$369,000

Airbnb cash on cash: -1.66%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $591

Traditional Rental Income: $3426

Airbnb ROI: -1.66%

Traditional ROI: 7.35%

1205 S 1ST St

Hermiston, OR

4 beds | 2 baths | 1,954 sq.ft.

$415,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7%

Airbnb Rental Income: $null

Traditional Rental Income: $3514

Airbnb ROI: N/A

Traditional ROI: 7%

1382 SW RIVERHILL Dr

Hermiston, OR

3 beds | 2 baths | 1,374 sq.ft.

$329,999

Airbnb cash on cash: -1.37%

Traditional cash on cash: 4.41%

Airbnb Rental Income: $591

Traditional Rental Income: $2096

Airbnb ROI: -1.37%

Traditional ROI: 4.41%

774 NE 11TH St

Hermiston, OR

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

$272,000

Airbnb cash on cash: -1.18%

Traditional cash on cash: 9.45%

Airbnb Rental Income: $591

Traditional Rental Income: $3030

Airbnb ROI: -1.18%

Traditional ROI: 9.45%

1655 NE 2ND St

Hermiston, OR

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

$375,000

Airbnb cash on cash: -0.98%

Traditional cash on cash: 5.52%

Airbnb Rental Income: $591

Traditional Rental Income: $2592

Airbnb ROI: -0.98%

Traditional ROI: 5.52%

33981 HILLTOP Dr

Hermiston, OR

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

$689,900

Airbnb cash on cash: -1.57%

Traditional cash on cash: 3.73%

Airbnb Rental Income: $591

Traditional Rental Income: $3712

Airbnb ROI: -1.57%

Traditional ROI: 3.73%

80805 TABOR Rd

Hermiston, OR

3 beds | 2 baths | 3,092 sq.ft.

$729,000

Airbnb cash on cash: -1.17%

Traditional cash on cash: 3.97%

Airbnb Rental Income: $591

Traditional Rental Income: $3796

Airbnb ROI: -1.17%