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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
230 SW BUTTE DR Hermiston, OR Welcome to this inviting 3 bedroom 2 bath home that combines mid-century character with en...	3 beds \| 2 baths \| 1,638 sq.ft.	$289,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 9.03% Airbnb Rental Income: $1144 Traditional Rental Income: $3110 Airbnb ROI: 0.41% Traditional ROI: 9.03%
790 W DIVISION AVE Hermiston, OR Back on the market at no fault of the seller or homeâ¦itâs your chance! Welcome to this...	3 beds \| 2 baths \| 1,758 sq.ft.	$369,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 7.35% Airbnb Rental Income: $1144 Traditional Rental Income: $3426 Airbnb ROI: -0.33% Traditional ROI: 7.35%
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: 0.62% Traditional cash on cash: 9.45% Airbnb Rental Income: $1144 Traditional Rental Income: $3030 Airbnb ROI: 0.62% 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.	$375,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 5.52% Airbnb Rental Income: $1144 Traditional Rental Income: $2592 Airbnb ROI: 0.33% 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.	$694,900	Airbnb cash on cash: -0.85% Traditional cash on cash: 3.7% Airbnb Rental Income: $1144 Traditional Rental Income: $3712 Airbnb ROI: -0.85% Traditional ROI: 3.7%
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.	$729,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 3.97% Airbnb Rental Income: $1144 Traditional Rental Income: $3796 Airbnb ROI: -0.49% Traditional ROI: 3.97%
78718 ECHOLS RD Hermiston, OR Experience luxury and tranquility at 78718 Echols Rd, a stunning 3-bedroom, 2.5 bath estat...	3 beds \| 3 baths \| 3,253 sq.ft.	$1,050,000	Airbnb cash on cash: -1.28% Traditional cash on cash: 2.36% Airbnb Rental Income: $1144 Traditional Rental Income: $4320 Airbnb ROI: -1.28% Traditional ROI: 2.36%
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%
610 NE NORTH ST Hermiston, OR Could this be YOUR first home? Cute bungalow with updates that make it move-in ready! Or...	2 beds \| 1 baths \| 846 sq.ft.	$229,900	Airbnb cash on cash: 1.1% Traditional cash on cash: 8.98% Airbnb Rental Income: $1032 Traditional Rental Income: $2386 Airbnb ROI: 1.1% 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.	$439,950	Airbnb cash on cash: 0.1% Traditional cash on cash: 5.41% Airbnb Rental Income: $1144 Traditional Rental Income: $2951 Airbnb ROI: 0.1% 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: -0.78% Traditional cash on cash: 4.04% Airbnb Rental Income: $1144 Traditional Rental Income: $3512 Airbnb ROI: -0.78% Traditional ROI: 4.04%
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: -1.03% Traditional cash on cash: 2.68% Airbnb Rental Income: $1144 Traditional Rental Income: $4045 Airbnb ROI: -1.03% 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.	$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%
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.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.49% Airbnb Rental Income: $null Traditional Rental Income: $3459 Airbnb ROI: N/A Traditional ROI: 6.49%
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: -0.76% Traditional cash on cash: 5.58% Airbnb Rental Income: $1144 Traditional Rental Income: $3788 Airbnb ROI: -0.76% Traditional ROI: 5.58%
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.	$495,950	Airbnb cash on cash: N/A Traditional cash on cash: 5.46% Airbnb Rental Income: $null Traditional Rental Income: $3379 Airbnb ROI: N/A Traditional ROI: 5.46%
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.	$380,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 5.55% Airbnb Rental Income: $1144 Traditional Rental Income: $2884 Airbnb ROI: -0.4% Traditional ROI: 5.55%
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: -0.22% Traditional cash on cash: 6.23% Airbnb Rental Income: $1144 Traditional Rental Income: $2915 Airbnb ROI: -0.22% 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.	$384,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.86% Airbnb Rental Income: $null Traditional Rental Income: $3405 Airbnb ROI: N/A Traditional ROI: 6.86%
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.	$350,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 6.73% Airbnb Rental Income: $1144 Traditional Rental Income: $2955 Airbnb ROI: 0.07% Traditional ROI: 6.73%
637 E Oregon AVE Hermiston, OR Step into comfort and style with this beautifully updated 4-bedroom, 2.5-bath home, perfec...	4 beds \| 3 baths \| 2,214 sq.ft.	$424,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.25% Airbnb Rental Income: $null Traditional Rental Income: $3765 Airbnb ROI: N/A Traditional ROI: 7.25%
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: -0.35% Traditional cash on cash: 2.69% Airbnb Rental Income: $1144 Traditional Rental Income: $2604 Airbnb ROI: -0.35% 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: 0.83% Traditional cash on cash: 7.52% Airbnb Rental Income: $1144 Traditional Rental Income: $2561 Airbnb ROI: 0.83% Traditional ROI: 7.52%
990 E HURLBURT AVE Hermiston, OR This beautifully maintained home is full of charm inside and out. The landscaping is a sho...	3 beds \| 2 baths \| 1,874 sq.ft.	$429,900	Airbnb cash on cash: -0.47% Traditional cash on cash: 5.5% Airbnb Rental Income: $1144 Traditional Rental Income: $3168 Airbnb ROI: -0.47% Traditional ROI: 5.5%

Real Estate investment in Hermiston, OR

There are 26 properties for sale in the city of Hermiston . The median list price in Hermiston is $424,950 and the average price per square foot is $211. In October 2025, the average monthly cash on cash return in Hermiston is 6.00%. The average monthly rental income in Hermiston is $3,327.

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 Short-Term is higher than the Long-Term in Hermiston with average rental income of $1,144.

Your search for investment property begins and ends here

Investment Property for Sale in Hermiston, OR

230 SW BUTTE DR

Hermiston, OR

3 beds | 2 baths | 1,638 sq.ft.

$289,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 9.03%

Airbnb Rental Income: $1144

Traditional Rental Income: $3110

Airbnb ROI: 0.41%

Traditional ROI: 9.03%

790 W DIVISION AVE

Hermiston, OR

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

$369,000

Airbnb cash on cash: -0.33%

Traditional cash on cash: 7.35%

Airbnb Rental Income: $1144

Traditional Rental Income: $3426

Airbnb ROI: -0.33%

Traditional ROI: 7.35%

774 NE 11TH ST

Hermiston, OR

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

$272,000

Airbnb cash on cash: 0.62%

Traditional cash on cash: 9.45%

Airbnb Rental Income: $1144

Traditional Rental Income: $3030

Airbnb ROI: 0.62%

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.

$375,000

Airbnb cash on cash: 0.33%

Traditional cash on cash: 5.52%

Airbnb Rental Income: $1144

Traditional Rental Income: $2592

Airbnb ROI: 0.33%

Traditional ROI: 5.52%

33981 HILLTOP DR

Hermiston, OR

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

$694,900

Airbnb cash on cash: -0.85%

Traditional cash on cash: 3.7%

Airbnb Rental Income: $1144

Traditional Rental Income: $3712

Airbnb ROI: -0.85%

Traditional ROI: 3.7%

80805 TABOR RD

Hermiston, OR

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

$729,000

Airbnb cash on cash: -0.49%

Traditional cash on cash: 3.97%

Airbnb Rental Income: $1144

Traditional Rental Income: $3796

Airbnb ROI: -0.49%

Traditional ROI: 3.97%

78718 ECHOLS RD

Hermiston, OR

3 beds | 3 baths | 3,253 sq.ft.

$1,050,000

Airbnb cash on cash: -1.28%

Traditional cash on cash: 2.36%

Airbnb Rental Income: $1144

Traditional Rental Income: $4320

Airbnb ROI: -1.28%