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
115 SE Crestline Dr Hermiston, OR RV Space - Corner Lot - Highly Desired Neighborhood! Lot is completely fenced. Home offers...	3 beds \| 2 baths \| 1,810 sq.ft.	$449,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 4.09% Airbnb Rental Income: $1506 Traditional Rental Income: $2609 Airbnb ROI: 0.42% Traditional ROI: 4.09%
799 W Tamarack Ave Hermiston, OR This cute home has had some updates however still has some of its original charm, includ...	3 beds \| 1 baths \| 1,128 sq.ft.	$269,950	Airbnb cash on cash: 1.92% Traditional cash on cash: 6.7% Airbnb Rental Income: $1506 Traditional Rental Income: $2284 Airbnb ROI: 1.92% Traditional ROI: 6.7%
379 NW Crestview Ct Hermiston, OR Beautiful 3 bedroom 2 bath home with an open floor plan. New laminate in the main living ...	3 beds \| 2 baths \| 1,878 sq.ft.	$399,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 4.89% Airbnb Rental Income: $1506 Traditional Rental Income: $2713 Airbnb ROI: 0.49% Traditional ROI: 4.89%
1166 E MAIN St Hermiston, OR Charming Custom Home with Unmatched Living Space & RV ParkingWelcome three-story residence...	4 beds \| 3 baths \| 2,306 sq.ft.	$444,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 6.17% Airbnb Rental Income: $2438 Traditional Rental Income: $3558 Airbnb ROI: 2.04% Traditional ROI: 6.17%
1776 W Alleluia Ave Hermiston, OR Hard to find home in an upscale Neighborhood! This 3 bed 2 1/2 bath home features a large ...	3 beds \| 2 baths \| 1,960 sq.ft.	$415,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 4.64% Airbnb Rental Income: $1506 Traditional Rental Income: $2689 Airbnb ROI: 0.46% Traditional ROI: 4.64%
1023 SW Coyote Dr Hermiston, OR Welcome to this beautifully designed 4-bedroom, 2-bath, SINGLE LEVEL home offering 2,360 s...	4 beds \| 2 baths \| 2,360 sq.ft.	$459,900	Airbnb cash on cash: 1.78% Traditional cash on cash: 6.29% Airbnb Rental Income: $2438 Traditional Rental Income: $3782 Airbnb ROI: 1.78% Traditional ROI: 6.29%
574 E Reeder Dr Hermiston, OR Welcome to this beautifully updated home located on a quiet street in a friendly, establis...	3 beds \| 1 baths \| 1,332 sq.ft.	$270,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 5.74% Airbnb Rental Income: $1506 Traditional Rental Income: $2062 Airbnb ROI: 1.83% Traditional ROI: 5.74%
2140 NW Dusk Dr Hermiston, OR Welcome to this charming two-story home located on a desirable corner lot in an establishe...	4 beds \| 2 baths \| 2,528 sq.ft.	$417,900	Airbnb cash on cash: 2.04% Traditional cash on cash: 5.99% Airbnb Rental Income: $2438 Traditional Rental Income: $3388 Airbnb ROI: 2.04% Traditional ROI: 5.99%
1036 W Hermiston Ave Hermiston, OR Newly updated home for you to make your own and the park is across the street to enjoy! N...	4 beds \| 1 baths \| 1,288 sq.ft.	$167,980	Airbnb cash on cash: 8.85% Traditional cash on cash: 11.45% Airbnb Rental Income: $2438 Traditional Rental Income: $2258 Airbnb ROI: 8.85% Traditional ROI: 11.45%
850 W Madrona Ave Hermiston, OR Adorable 2 bed 1 bath bungalow nestled in the heart of Hermiston! Featuring stainless stee...	2 beds \| 1 baths \| 1,056 sq.ft.	$239,900	Airbnb cash on cash: 0.68% Traditional cash on cash: 5.79% Airbnb Rental Income: $1051 Traditional Rental Income: $1844 Airbnb ROI: 0.68% Traditional ROI: 5.79%
1640 NE 2nd St Hermiston, OR Beautifully remodeled 4 bed and 3 baths. Large fenced lot on dead end rd. Home features la...	4 beds \| 3 baths \| 2,037 sq.ft.	$389,950	Airbnb cash on cash: 3.18% Traditional cash on cash: 7.09% Airbnb Rental Income: $2438 Traditional Rental Income: $3271 Airbnb ROI: 3.18% Traditional ROI: 7.09%
2375 NW Valley View Dr Hermiston, OR Welcome to this beautiful 2019-built, 4-bedroom, 2.5-bath home tucked into a desirable cor...	4 beds \| 2 baths \| 2,412 sq.ft.	$439,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 6.8% Airbnb Rental Income: $2438 Traditional Rental Income: $3854 Airbnb ROI: 1.9% Traditional ROI: 6.8%
1356 SW 6th St Hermiston, OR Beautiful inside and out! Welcome home to this 3 bedroom 2 bath home featuring amazing kit...	3 beds \| 2 baths \| 1,525 sq.ft.	$405,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 4.38% Airbnb Rental Income: $1506 Traditional Rental Income: $2476 Airbnb ROI: 0.66% Traditional ROI: 4.38%
607 E Autumn Ave Hermiston, OR Spacious 4 bedroom 2 bath home features both living and family room, updated eat in kitche...	4 beds \| 2 baths \| 2,350 sq.ft.	$419,900	Airbnb cash on cash: 2.66% Traditional cash on cash: 5.5% Airbnb Rental Income: $2438 Traditional Rental Income: $2960 Airbnb ROI: 2.66% Traditional ROI: 5.5%
415 E Browning Ave Hermiston, OR Recently updated 4 bedroom 2.5 bathroom home in the heart of Hermiston! This home has and ...	4 beds \| 2 baths \| 2,268 sq.ft.	$409,900	Airbnb cash on cash: 2.62% Traditional cash on cash: 5.07% Airbnb Rental Income: $2438 Traditional Rental Income: $2783 Airbnb ROI: 2.62% Traditional ROI: 5.07%
33317 Schulz Ln Hermiston, OR Here's the remarkable small farm lifestyle you've been searching for! Set on 15.45 irrigat...	4 beds \| 3 baths \| 2,908 sq.ft.	$1,245,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 2.36% Airbnb Rental Income: $2438 Traditional Rental Income: $4384 Airbnb ROI: 0.16% Traditional ROI: 2.36%
860 E Tamarack Ave Hermiston, OR NEW COMPOSITION ROOF just installed Sept 2022! The advantage of a Berm style home (like th...	2 beds \| 1 baths \| 1,196 sq.ft.	$304,950	Airbnb cash on cash: 0.1% Traditional cash on cash: 4.39% Airbnb Rental Income: $1051 Traditional Rental Income: $1919 Airbnb ROI: 0.1% Traditional ROI: 4.39%
935 E Gladys Ave Hermiston, OR Three bedroom, two bathroom home. New flooring throughout, new paint, vanities, baseboards...	3 beds \| 2 baths \| 1,335 sq.ft.	$299,900	Airbnb cash on cash: 1.54% Traditional cash on cash: 5.57% Airbnb Rental Income: $1506 Traditional Rental Income: $2205 Airbnb ROI: 1.54% Traditional ROI: 5.57%
833 E Autumn Ave Hermiston, OR INVESTORS! Currently being used as an air b and b booked often and fully furnished! HOT NE...	3 beds \| 2 baths \| 1,854 sq.ft.	$467,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 2.86% Airbnb Rental Income: $1506 Traditional Rental Income: $2266 Airbnb ROI: 0.12% Traditional ROI: 2.86%
856 E Autumn Ave Hermiston, OR INVESTORS! Currently being used as an air b and b booked often and fully furnished! HOT NE...	4 beds \| 2 baths \| 1,935 sq.ft.	$444,800	Airbnb cash on cash: 2.08% Traditional cash on cash: 4.19% Airbnb Rental Income: $2438 Traditional Rental Income: $2722 Airbnb ROI: 2.08% Traditional ROI: 4.19%
503 E Heather Ave Hermiston, OR Discover your dream home built in 2022, offering four inviting bedrooms and two well-appoi...	4 beds \| 2 baths \| 1,906 sq.ft.	$399,999	Airbnb cash on cash: 2.42% Traditional cash on cash: 6.27% Airbnb Rental Income: $2438 Traditional Rental Income: $3289 Airbnb ROI: 2.42% Traditional ROI: 6.27%
1313 SW Riverhill Dr Hermiston, OR This charming 3-bedroom, 2-bathroom residence is ready to welcome you home. The interconne...	3 beds \| 2 baths \| 1,297 sq.ft.	$339,998	Airbnb cash on cash: 1.07% Traditional cash on cash: 4.37% Airbnb Rental Income: $1506 Traditional Rental Income: $2119 Airbnb ROI: 1.07% Traditional ROI: 4.37%
1922 NW ARCHER Dr Hermiston, OR Charming One-Level Living with Modern UpdatesWelcome home to this well-designed 3 bedroom,...	3 beds \| 2 baths \| 1,547 sq.ft.	$349,950	Airbnb cash on cash: 0.62% Traditional cash on cash: 7.13% Airbnb Rental Income: $1506 Traditional Rental Income: $3204 Airbnb ROI: 0.62% Traditional ROI: 7.13%
33149 Kuhn Ln Hermiston, OR This 27-acre exclusive farm-use property in Hermiston offers boundless potential to turn y...	3 beds \| 2 baths \| 1,709 sq.ft.	$975,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 2.19% Airbnb Rental Income: $1506 Traditional Rental Income: $3075 Airbnb ROI: -0.02% Traditional ROI: 2.19%
29843 Royce Ln Hermiston, OR Step off the back deck to cast a line, launch a kayak, tube the afternoon away, or simply ...	4 beds \| 2 baths \| 3,326 sq.ft.	$709,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 3.13% Airbnb Rental Income: $2438 Traditional Rental Income: $3474 Airbnb ROI: 0.66% Traditional ROI: 3.13%
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.	$340,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 6.18% Airbnb Rental Income: $1506 Traditional Rental Income: $2592 Airbnb ROI: 1.4% Traditional ROI: 6.18%
435 SE 9th Ct Hermiston, OR Charming Single-Level Ranch in a Prime NeighborhoodWelcome to your dream home nestled ...	3 beds \| 2 baths \| 1,280 sq.ft.	$324,900	Airbnb cash on cash: 1.08% Traditional cash on cash: 6.26% Airbnb Rental Income: $1506 Traditional Rental Income: $2648 Airbnb ROI: 1.08% Traditional ROI: 6.26%
1036 SW Olive Ct Hermiston, OR Welcome to this beautiful custom-built ranch home in the heart of Hermiston, OR, where tho...	3 beds \| 2 baths \| 2,030 sq.ft.	$455,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 5.45% Airbnb Rental Income: $1506 Traditional Rental Income: $3278 Airbnb ROI: 0.26% Traditional ROI: 5.45%
33981 Hilltop Dr Hermiston, OR Wake up every day to breathtaking views of the Columbia River from nearly every room in th...	3 beds \| 3 baths \| 2,529 sq.ft.	$627,777	Airbnb cash on cash: -0.32% Traditional cash on cash: 4.19% Airbnb Rental Income: $1506 Traditional Rental Income: $3712 Airbnb ROI: -0.32% Traditional ROI: 4.19%
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.	$679,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 4.33% Airbnb Rental Income: $1506 Traditional Rental Income: $3796 Airbnb ROI: 0.02% Traditional ROI: 4.33%
833 E Montana Ave Hermiston, OR This property is ideal if you have aging parents, adult children that come to visit or may...	4 beds \| 3 baths \| 2,647 sq.ft.	$464,900	Airbnb cash on cash: 1.62% Traditional cash on cash: 7.09% Airbnb Rental Income: $2438 Traditional Rental Income: $4224 Airbnb ROI: 1.62% Traditional ROI: 7.09%
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.	$699,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 4.3% Airbnb Rental Income: $2438 Traditional Rental Income: $4207 Airbnb ROI: 0.67% Traditional ROI: 4.3%
1739 NE 2nd Pl Hermiston, OR Well-Maintained 3-Bedroom Home with Split Floor Plan in Gated Community! This 1,512 sq ft ...	4 beds \| 2 baths \| 1,512 sq.ft.	$295,000	Airbnb cash on cash: 4.48% Traditional cash on cash: 7.35% Airbnb Rental Income: $2438 Traditional Rental Income: $2638 Airbnb ROI: 4.48% Traditional ROI: 7.35%
153 W Beech Ave Hermiston, OR This property offers three separate units! A duplex plus an Additional Dwelling Unit (ADU)...	7 beds \| 3 baths \| 1,456 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.65% Airbnb Rental Income: $null Traditional Rental Income: $2143 Airbnb ROI: N/A Traditional ROI: 5.65%
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.	$384,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 6.33% Airbnb Rental Income: $1506 Traditional Rental Income: $2951 Airbnb ROI: 1.1% Traditional ROI: 6.33%
994 E Hurlburt Ave Hermiston, OR Close Your Eyes and Imagine Your Perfect Home. Is it one level living with a bonus space? ...	3 beds \| 3 baths \| 2,889 sq.ft.	$444,900	Airbnb cash on cash: -0.03% Traditional cash on cash: 6.5% Airbnb Rental Income: $1506 Traditional Rental Income: $3788 Airbnb ROI: -0.03% Traditional ROI: 6.5%
821 SE 9th Dr Hermiston, OR Welcome home to this brand new construction, 4 bedroom, 2 bath home in the heart of Hermis...	4 beds \| 2 baths \| 1,460 sq.ft.	$359,777	Airbnb cash on cash: 3.98% Traditional cash on cash: 7.67% Airbnb Rental Income: $2438 Traditional Rental Income: $3088 Airbnb ROI: 3.98% Traditional ROI: 7.67%
637 E Oregon Ave Hermiston, OR Step into comfort and style with this beautifully updated 4-bedroom, 2.5-bath home, perfec...	4 beds \| 2 baths \| 2,214 sq.ft.	$399,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 7.78% Airbnb Rental Income: $2438 Traditional Rental Income: $3765 Airbnb ROI: 2.64% Traditional ROI: 7.78%
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.	$625,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 2.83% Airbnb Rental Income: $1506 Traditional Rental Income: $2604 Airbnb ROI: 0.2% Traditional ROI: 2.83%
120 E Oregon Ave Hermiston, OR 120 E Oregon Ave, Hermiston, OR 97838 \| Single Family Residential	3 beds \| 1 baths \| 1,106 sq.ft.	$199,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 8.9% Airbnb Rental Income: $1506 Traditional Rental Income: $2144 Airbnb ROI: 3.19% Traditional ROI: 8.9%

Real Estate investment in Hermiston, OR

There are 220 properties for sale in the city of Hermiston . The median list price in Hermiston is $354,788 and the average price per square foot is $231. In October 2026, the average monthly cash on cash return in Hermiston is 5.00%. The average monthly rental income in Hermiston is $2,532.

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

There are 220 investment properties available for sale in Hermiston.

In 2026, 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 $2,532.

Your search for investment property begins and ends here

Investment Property for Sale in Hermiston, OR

115 SE Crestline Dr

Hermiston, OR

3 beds | 2 baths | 1,810 sq.ft.

$449,000

Airbnb cash on cash: 0.42%

Traditional cash on cash: 4.09%

Airbnb Rental Income: $1506

Traditional Rental Income: $2609

Airbnb ROI: 0.42%

Traditional ROI: 4.09%

799 W Tamarack Ave

Hermiston, OR

3 beds | 1 baths | 1,128 sq.ft.

$269,950

Airbnb cash on cash: 1.92%

Traditional cash on cash: 6.7%

Airbnb Rental Income: $1506

Traditional Rental Income: $2284

Airbnb ROI: 1.92%

Traditional ROI: 6.7%

379 NW Crestview Ct

Hermiston, OR

3 beds | 2 baths | 1,878 sq.ft.

$399,000

Airbnb cash on cash: 0.49%

Traditional cash on cash: 4.89%

Airbnb Rental Income: $1506

Traditional Rental Income: $2713

Airbnb ROI: 0.49%

Traditional ROI: 4.89%

1166 E MAIN St

Hermiston, OR

4 beds | 3 baths | 2,306 sq.ft.

$444,000

Airbnb cash on cash: 2.04%

Traditional cash on cash: 6.17%

Airbnb Rental Income: $2438

Traditional Rental Income: $3558

Airbnb ROI: 2.04%

Traditional ROI: 6.17%

1776 W Alleluia Ave

Hermiston, OR

3 beds | 2 baths | 1,960 sq.ft.

$415,000

Airbnb cash on cash: 0.46%

Traditional cash on cash: 4.64%

Airbnb Rental Income: $1506

Traditional Rental Income: $2689

Airbnb ROI: 0.46%

Traditional ROI: 4.64%

1023 SW Coyote Dr

Hermiston, OR

4 beds | 2 baths | 2,360 sq.ft.

$459,900

Airbnb cash on cash: 1.78%

Traditional cash on cash: 6.29%

Airbnb Rental Income: $2438

Traditional Rental Income: $3782

Airbnb ROI: 1.78%

Traditional ROI: 6.29%

574 E Reeder Dr

Hermiston, OR

3 beds | 1 baths | 1,332 sq.ft.

$270,000

Airbnb cash on cash: 1.83%

Traditional cash on cash: 5.74%

Airbnb Rental Income: $1506

Traditional Rental Income: $2062

Airbnb ROI: 1.83%

Traditional ROI: 5.74%

2140 NW Dusk Dr

Hermiston, OR

4 beds | 2 baths | 2,528 sq.ft.

$417,900

Airbnb cash on cash: 2.04%

Traditional cash on cash: 5.99%

Airbnb Rental Income: $2438

Traditional Rental Income: $3388

Airbnb ROI: 2.04%