Real Estate Investment Properties for Sale in Merlin, OR

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
181 Jo Creek Pl Merlin, OR Beautiful home located on 1.08 acres. Welcome to this very private estate property with m...	3 beds \| 2 baths \| 1,582 sq.ft.	$564,500	Airbnb cash on cash: N/A Traditional cash on cash: 2.64% Airbnb Rental Income: $null Traditional Rental Income: $2182 Airbnb ROI: N/A Traditional ROI: 2.64%
1321 Falcon Crest Lane Merlin, OR Luxury, lifestyle, & infrastructure come together in this custom 3 bed, 3 bath craftsman h...	3 beds \| 3 baths \| 3,949 sq.ft.	$1,099,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.87% Airbnb Rental Income: $null Traditional Rental Income: $3475 Airbnb ROI: N/A Traditional ROI: 1.87%
335 Tavis Dr Merlin, OR Seller Financing Available! Freshly updated and move-in ready! Charming 2-bed, 1-bath manu...	2 beds \| 1 baths \| 720 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.57% Airbnb Rental Income: $null Traditional Rental Income: $1759 Airbnb ROI: N/A Traditional ROI: 5.57%
622 Wildflower Dr Merlin, OR A Timeless Architectural Gem in Becklin Heights! Broad mountains views and crafted by a st...	3 beds \| 3 baths \| 2,679 sq.ft.	$769,950	Airbnb cash on cash: N/A Traditional cash on cash: 4.28% Airbnb Rental Income: $null Traditional Rental Income: $4213 Airbnb ROI: N/A Traditional ROI: 4.28%
387 Tavis Drive Merlin, OR 16-unit rental portfolio on just over 8 acres of property. Consisting of 16 lots with 10 h...	N/A beds \| N/A baths \| 10,236 sq.ft.	$1,850,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.38% Airbnb Rental Income: $null Traditional Rental Income: $1854 Airbnb ROI: N/A Traditional ROI: -0.38%
11744 Galice Rd Merlin, OR 11744 Galice Rd, Merlin, OR 97532 \| Single Family Residential	26 beds \| 22 baths \| 5,176 sq.ft.	$3,375,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.06% Airbnb Rental Income: $null Traditional Rental Income: $6421 Airbnb ROI: N/A Traditional ROI: 0.06%
11926 Galice Rd Merlin, OR 11926 Galice Rd, Merlin, OR 97532 \| Single Family Residential	3 beds \| 2 baths \| 3,839 sq.ft.	$869,950	Airbnb cash on cash: N/A Traditional cash on cash: 2.69% Airbnb Rental Income: $null Traditional Rental Income: $3859 Airbnb ROI: N/A Traditional ROI: 2.69%
0 Quartz Creek Rd #TL 500 Merlin, OR 0 Quartz Creek Rd #TL 500, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$72,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.24% Airbnb Rental Income: $null Traditional Rental Income: $677 Airbnb ROI: N/A Traditional ROI: 6.24%
Quartz Creek Rd Merlin, OR Quartz Creek Rd, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$79,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.46% Airbnb Rental Income: $null Traditional Rental Income: $677 Airbnb ROI: N/A Traditional ROI: 5.46%
Quartz Creek Rd #R301574 Merlin, OR Quartz Creek Rd #R301574, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$79,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.46% Airbnb Rental Income: $null Traditional Rental Income: $677 Airbnb ROI: N/A Traditional ROI: 5.46%
Maupin Ln Lot 34 Merlin, OR Maupin Ln Lot 34, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,392 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.51% Airbnb Rental Income: $null Traditional Rental Income: $1334 Airbnb ROI: N/A Traditional ROI: 3.51%
Maupin Ln Lot 35 Merlin, OR Maupin Ln Lot 35, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.3% Airbnb Rental Income: $null Traditional Rental Income: $2647 Airbnb ROI: N/A Traditional ROI: 10.3%
Merlin Sanitarium Rd Lot 28 Merlin, OR Merlin Sanitarium Rd Lot 28, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.08% Airbnb Rental Income: $null Traditional Rental Income: $1658 Airbnb ROI: N/A Traditional ROI: 3.08%
Merlin Sanitarium Rd Lot 30 Merlin, OR Merlin Sanitarium Rd Lot 30, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.55% Airbnb Rental Income: $null Traditional Rental Income: $1658 Airbnb ROI: N/A Traditional ROI: 5.55%
Maupin Ln Lot 32 Merlin, OR Maupin Ln Lot 32, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,392 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.61% Airbnb Rental Income: $null Traditional Rental Income: $677 Airbnb ROI: N/A Traditional ROI: 0.61%
Merlin Sanitarium Rd Lot 29 Merlin, OR Merlin Sanitarium Rd Lot 29, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.37% Airbnb Rental Income: $null Traditional Rental Income: $2531 Airbnb ROI: N/A Traditional ROI: 8.37%
Merlin Sanitarium Rd Lot 25 Merlin, OR Merlin Sanitarium Rd Lot 25, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.48% Airbnb Rental Income: $null Traditional Rental Income: $1353 Airbnb ROI: N/A Traditional ROI: 1.48%
Maupin Ln Lot 33 Merlin, OR Maupin Ln Lot 33, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,392 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.51% Airbnb Rental Income: $null Traditional Rental Income: $1334 Airbnb ROI: N/A Traditional ROI: 3.51%
Maupin Ln Lot 31 Merlin, OR Maupin Ln Lot 31, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 1,620 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.51% Airbnb Rental Income: $null Traditional Rental Income: $1334 Airbnb ROI: N/A Traditional ROI: 3.51%
1740 Hugo Rd Merlin, OR 1740 Hugo Rd, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.87% Airbnb Rental Income: $null Traditional Rental Income: $781 Airbnb ROI: N/A Traditional ROI: 2.87%
Galice Rd #35-06-20-A0-002704-00 Merlin, OR Galice Rd #35-06-20-A0-002704-00, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| 3,839 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.63% Airbnb Rental Income: $null Traditional Rental Income: $1306 Airbnb ROI: N/A Traditional ROI: 1.63%
255 Barker Dr Merlin, OR Discover this 1.96-acre, 3,862 sq ft, 3-bed, 1.5-bath, ~story home built in1980. This spac...	3 beds \| 2 baths \| 3,862 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.77% Airbnb Rental Income: $null Traditional Rental Income: $3727 Airbnb ROI: N/A Traditional ROI: 3.77%
649 Pleasant Valley Rd Merlin, OR 649 Pleasant Valley Rd, Merlin, OR 97532 \| Single Family Residential	4 beds \| 3 baths \| 3,384 sq.ft.	$720,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.32% Airbnb Rental Income: $null Traditional Rental Income: $3641 Airbnb ROI: N/A Traditional ROI: 3.32%
2440 Hugo Rd Merlin, OR 2440 Hugo Rd, Merlin, OR 97532 \| Single Family Residential	4 beds \| 4 baths \| 3,395 sq.ft.	$1,650,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.15% Airbnb Rental Income: $null Traditional Rental Income: $4870 Airbnb ROI: N/A Traditional ROI: 1.15%
Merlin Sanitarium Rd #7 Merlin, OR Merlin Sanitarium Rd #7, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.08% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 1.08%
Acorn St #3 Merlin, OR Acorn St #3, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.21% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 1.21%
Acorn St #1 Merlin, OR Acorn St #1, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.67% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 1.67%
Merlin Sanitarium Rd #15 Merlin, OR Merlin Sanitarium Rd #15, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.96% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 0.96%
Merlin Sanitarium Rd #24 Merlin, OR Merlin Sanitarium Rd #24, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.75% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 0.75%
Merlin Sanitarium Rd #27 Merlin, OR Merlin Sanitarium Rd #25, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.12% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: -0.12%
Merlin Sanitarium Rd #8 Merlin, OR Merlin Sanitarium Rd #8, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.08% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 1.08%
Merlin Sanitarium Rd #4 Merlin, OR Merlin Sanitarium Rd #4, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.21% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 1.21%
Merlin Sanitarium Rd #11 Merlin, OR Merlin Sanitarium Rd #11, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.65% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 0.65%
Acorn St #2 Merlin, OR Acorn St #2, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.26% Airbnb Rental Income: $null Traditional Rental Income: $894 Airbnb ROI: N/A Traditional ROI: 2.26%
Merlin Sanitarium Rd #23 Merlin, OR Merlin Sanitarium Rd #23, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.75% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 0.75%
Merlin Sanitarium Rd #18 Merlin, OR Merlin Sanitarium Rd #18, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.75% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 0.75%
Merlin Sanitarium Rd #19 Merlin, OR Merlin Sanitarium Rd #19, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.96% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 0.96%
Merlin Sanitarium Rd #26 Merlin, OR Merlin Sanitarium Rd #26, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.48% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 0.48%
Merlin Sanitarium Rd #16 Merlin, OR Merlin Sanitarium Rd #16, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.96% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 0.96%
Merlin Sanitarium Rd #6 Merlin, OR Merlin Sanitarium Rd #6, Merlin, OR 97532 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.96% Airbnb Rental Income: $null Traditional Rental Income: $782 Airbnb ROI: N/A Traditional ROI: 0.96%

Real Estate investment in Merlin, OR

There are 52 properties for sale in the city of Merlin . The median list price in Merlin is $511,694 and the average price per square foot is $186. In September 2026, the average monthly cash on cash return in Merlin is 1.00%. The average monthly rental income in Merlin is $782.

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

There are 52 investment properties available for sale in Merlin.

The ROI for Short-Term is higher than the Long-Term in Merlin with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Merlin, OR

181 Jo Creek Pl

Merlin, OR

3 beds | 2 baths | 1,582 sq.ft.

$564,500

Airbnb cash on cash: N/A

Traditional cash on cash: 2.64%

Airbnb Rental Income: $null

Traditional Rental Income: $2182

Airbnb ROI: N/A

Traditional ROI: 2.64%

1321 Falcon Crest Lane

Merlin, OR

3 beds | 3 baths | 3,949 sq.ft.

$1,099,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.87%

Airbnb Rental Income: $null

Traditional Rental Income: $3475

Airbnb ROI: N/A

Traditional ROI: 1.87%

335 Tavis Dr

Merlin, OR

2 beds | 1 baths | 720 sq.ft.

$259,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.57%

Airbnb Rental Income: $null

Traditional Rental Income: $1759

Airbnb ROI: N/A

Traditional ROI: 5.57%

622 Wildflower Dr

Merlin, OR

3 beds | 3 baths | 2,679 sq.ft.

$769,950

Airbnb cash on cash: N/A

Traditional cash on cash: 4.28%

Airbnb Rental Income: $null

Traditional Rental Income: $4213

Airbnb ROI: N/A

Traditional ROI: 4.28%

387 Tavis Drive

Merlin, OR

N/A beds | N/A baths | 10,236 sq.ft.

$1,850,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.38%

Airbnb Rental Income: $null

Traditional Rental Income: $1854

Airbnb ROI: N/A

Traditional ROI: -0.38%

11744 Galice Rd

Merlin, OR

26 beds | 22 baths | 5,176 sq.ft.

$3,375,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.06%

Airbnb Rental Income: $null

Traditional Rental Income: $6421

Airbnb ROI: N/A

Traditional ROI: 0.06%

11926 Galice Rd

Merlin, OR

3 beds | 2 baths | 3,839 sq.ft.

$869,950

Airbnb cash on cash: N/A

Traditional cash on cash: 2.69%

Airbnb Rental Income: $null

Traditional Rental Income: $3859

Airbnb ROI: N/A

Traditional ROI: 2.69%

0 Quartz Creek Rd #TL 500

Merlin, OR

N/A beds | N/A baths | N/A

$72,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.24%

Airbnb Rental Income: $null

Traditional Rental Income: $677

Airbnb ROI: N/A