Real Estate Investment Properties for Sale in Salem, OR

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6173 LILLIAN St SE Salem, OR Tucked into the rolling hills of South Salem, Holiday Ranch Estates is a neighborhood know...	3 beds \| 3 baths \| 2,072 sq.ft.	$550,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 4.9% Airbnb Rental Income: $1957 Traditional Rental Income: $3750 Airbnb ROI: 0.41% Traditional ROI: 4.9%
196 23rd St SE Salem, OR Historic charm meets updated comfort on Mill Creek with dual living! On a beautiful tree l...	3 beds \| 2 baths \| 1,627 sq.ft.	$415,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 5.6% Airbnb Rental Income: $1729 Traditional Rental Income: $2962 Airbnb ROI: 1.2% Traditional ROI: 5.6%
1564 CENTER St NE Salem, OR Hello from Salem's Northeast Neighbors area, where timeless charm, mature tree-lined stree...	3 beds \| 2 baths \| 2,222 sq.ft.	$344,900	Airbnb cash on cash: 1.67% Traditional cash on cash: 5.61% Airbnb Rental Income: $1788 Traditional Rental Income: $2576 Airbnb ROI: 1.67% Traditional ROI: 5.61%
2855 Brooks Av NE Salem, OR Charming single-level home offering 2 bed, 1 bath and 912 sqft of functional living space....	2 beds \| 1 baths \| 912 sq.ft.	$319,900	Airbnb cash on cash: 1.84% Traditional cash on cash: 5.07% Airbnb Rental Income: $1574 Traditional Rental Income: $2095 Airbnb ROI: 1.84% Traditional ROI: 5.07%
2095 Popcorn Ct NW Salem, OR Single-level living in a quiet West Salem cul-de-sac! This spacious 2,220 SF home offers 3...	3 beds \| 2 baths \| 2,220 sq.ft.	$479,900	Airbnb cash on cash: 0.39% Traditional cash on cash: 4.85% Airbnb Rental Income: $1727 Traditional Rental Income: $3250 Airbnb ROI: 0.39% Traditional ROI: 4.85%
2255 Ellen Ln NW Salem, OR !IMPROVED PRICE! Nestled among the trees, this beautifully updated home w fully finished d...	4 beds \| 4 baths \| 2,943 sq.ft.	$624,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 7.21% Airbnb Rental Income: $2090 Traditional Rental Income: $5621 Airbnb ROI: 0.23% Traditional ROI: 7.21%
8623 Blackhawk Ct SE Salem, OR $40,000 seller credit toward closing costs! This special home on 2.02 acres boasts a detac...	4 beds \| 5 baths \| 3,764 sq.ft.	$1,249,979	Airbnb cash on cash: -0.76% Traditional cash on cash: 4.01% Airbnb Rental Income: $1843 Traditional Rental Income: $6888 Airbnb ROI: -0.76% Traditional ROI: 4.01%
3055 Hollywood Dr NE Salem, OR Recently updated 2-bed 1-bath single-level home with an attached garage and a two-bay shop...	2 beds \| 1 baths \| 1,656 sq.ft.	$420,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 3.17% Airbnb Rental Income: $1523 Traditional Rental Income: $2024 Airbnb ROI: 0.77% Traditional ROI: 3.17%
2334 Doaks Ferry Rd NW Salem, OR This beautiful acreage has views, pond, and treed setting with city services available. Va...	3 beds \| 3 baths \| 2,372 sq.ft.	$889,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 3% Airbnb Rental Income: $1727 Traditional Rental Income: $4105 Airbnb ROI: -0.45% Traditional ROI: 3%
2305 Mosswood Ct S Salem, OR Updated tri-level home packed with upgrades! New paint inside and out! Enjoy a modern kitc...	4 beds \| 3 baths \| 2,064 sq.ft.	$589,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 3.69% Airbnb Rental Income: $2581 Traditional Rental Income: $3138 Airbnb ROI: 1.55% Traditional ROI: 3.69%
6913 Flicker Dr SE Salem, OR New in 2026: Roof, interior paint, underground sprinklers, and covered deck; this move-in ...	3 beds \| 3 baths \| 2,714 sq.ft.	$634,900	Airbnb cash on cash: 0.12% Traditional cash on cash: 3.32% Airbnb Rental Income: $2055 Traditional Rental Income: $3419 Airbnb ROI: 0.12% Traditional ROI: 3.32%
1540 Madelyn Av SE Salem, OR No fault of the home--Back on the market! Buyers' financing fell through. This updated gem...	2 beds \| 3 baths \| 1,256 sq.ft.	$266,900	Airbnb cash on cash: -0.33% Traditional cash on cash: 5.69% Airbnb Rental Income: $1395 Traditional Rental Income: $2489 Airbnb ROI: -0.33% Traditional ROI: 5.69%
1090 Norway St NE Salem, OR Charming and move-in ready! Say goodbye to renting and hello to homeownership with this ad...	2 beds \| 1 baths \| 692 sq.ft.	$289,900	Airbnb cash on cash: 2.13% Traditional cash on cash: 4.56% Airbnb Rental Income: $1593 Traditional Rental Income: $1800 Airbnb ROI: 2.13% Traditional ROI: 4.56%
1036 Charlene St S Salem, OR Well-maintained 3 bed, 2 bath home in a desirable South Salem neighborhood with easy acces...	3 beds \| 2 baths \| 1,360 sq.ft.	$414,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 4.18% Airbnb Rental Income: $1957 Traditional Rental Income: $2447 Airbnb ROI: 1.59% Traditional ROI: 4.18%
5490 Woodmill Dr SE Salem, OR Room to live, work and entertain! This beautifully appointed 4-bedroom home offers 2.5 bat...	3 beds \| 3 baths \| 2,774 sq.ft.	$739,000	Airbnb cash on cash: 0% Traditional cash on cash: 2.76% Airbnb Rental Income: $2055 Traditional Rental Income: $3425 Airbnb ROI: 0% Traditional ROI: 2.76%
3163 Eagle Ray Ct NW Salem, OR Thoughtfully built by Comfort Homes, this inviting West Salem home offers mountain views, ...	4 beds \| 3 baths \| 2,004 sq.ft.	$574,900	Airbnb cash on cash: 0.62% Traditional cash on cash: 5.31% Airbnb Rental Income: $2090 Traditional Rental Income: $4071 Airbnb ROI: 0.62% Traditional ROI: 5.31%
3365 Argyle Dr S Salem, OR Charming 1930s Craftsman tucked away on a quiet dead-end road - privacy, character, and se...	4 beds \| 2 baths \| 1,740 sq.ft.	$495,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 4.64% Airbnb Rental Income: $2096 Traditional Rental Income: $3113 Airbnb ROI: 1.28% Traditional ROI: 4.64%
1018 7th St NW Salem, OR Updated kitchen and fresh paint make this charming 1936 West Salem cottage an easy choice....	2 beds \| 1 baths \| 748 sq.ft.	$325,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 5.26% Airbnb Rental Income: $1709 Traditional Rental Income: $2188 Airbnb ROI: 2.15% Traditional ROI: 5.26%
931 Kailua St SE Salem, OR OPEN HOUSE Sat. 6/27 4-6pm, Sun. 6/28 1-3pm Lovingly cared for and move-in ready, this cle...	3 beds \| 2 baths \| 1,020 sq.ft.	$354,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 4.98% Airbnb Rental Income: $1644 Traditional Rental Income: $2385 Airbnb ROI: 1.37% Traditional ROI: 4.98%
1425 Marshall Dr SE Salem, OR PRICE REDUCTION!! MOTIVATED SELLERS! Absolutely adorable home located in desirable south S...	3 beds \| 1 baths \| 1,576 sq.ft.	$399,999	Airbnb cash on cash: 1.77% Traditional cash on cash: 3.03% Airbnb Rental Income: $1879 Traditional Rental Income: $1852 Airbnb ROI: 1.77% Traditional ROI: 3.03%
671 Cascade Dr NW Salem, OR Nestled in a desirable West Salem, this spacious 3 BR 2.5 bath home offers 2,064sq ft of c...	3 beds \| 3 baths \| 2,064 sq.ft.	$489,900	Airbnb cash on cash: 0.57% Traditional cash on cash: 5.84% Airbnb Rental Income: $1727 Traditional Rental Income: $3665 Airbnb ROI: 0.57% Traditional ROI: 5.84%
2354 Bluebell Av SE Salem, OR Must see! This gorgeous 4 bed, 2.5 bath detached home impresses with vaulted ceilings, arc...	4 beds \| 3 baths \| 2,680 sq.ft.	$699,000	Airbnb cash on cash: 0% Traditional cash on cash: 4.07% Airbnb Rental Income: $2004 Traditional Rental Income: $4134 Airbnb ROI: 0% Traditional ROI: 4.07%
1637 PTARMIGAN St NW Salem, OR $20k price drop!!! SEIZE THE OPPORTUNITY IN AWESOME NEIGHBORHOOD!!! Every corner of this c...	4 beds \| 3 baths \| 3,835 sq.ft.	$799,900	Airbnb cash on cash: -0.31% Traditional cash on cash: 2% Airbnb Rental Income: $2090 Traditional Rental Income: $3279 Airbnb ROI: -0.31% Traditional ROI: 2%
3965 Croisan Mountain Dr S Salem, OR Fully renovated luxury home designed for dual living with a private second entrance! Refin...	4 beds \| 5 baths \| 4,707 sq.ft.	$1,650,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 2.42% Airbnb Rental Income: $2980 Traditional Rental Income: $6771 Airbnb ROI: -0.5% Traditional ROI: 2.42%
2105 Deerwind Av NW Salem, OR Absolute charm abounds in this single level home on large corner lot in Deer Ridge Estates...	3 beds \| 2 baths \| 1,503 sq.ft.	$439,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 4.61% Airbnb Rental Income: $1727 Traditional Rental Income: $2877 Airbnb ROI: 0.66% Traditional ROI: 4.61%
7184 Battle Creek Rd SE Salem, OR Welcome Home to a place most buyers never find - a geodesic home on 1.57 private acres in ...	3 beds \| 3 baths \| 2,669 sq.ft.	$585,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 5.15% Airbnb Rental Income: $2055 Traditional Rental Income: $3831 Airbnb ROI: 0.93% Traditional ROI: 5.15%
475 18th St SE Salem, OR Single-family home with flexible dual living setup featuring separate entrances and a 5 be...	5 beds \| 3 baths \| 3,070 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.45% Airbnb Rental Income: $null Traditional Rental Income: $4044 Airbnb ROI: N/A Traditional ROI: 8.45%
4766 Buffalo Dr SE Salem, OR Welcome home! This well-maintained 3 bedroom, 2 bathroom home offers a functional floor pl...	3 beds \| 2 baths \| 1,369 sq.ft.	$324,900	Airbnb cash on cash: 2.97% Traditional cash on cash: 6.23% Airbnb Rental Income: $2026 Traditional Rental Income: $2495 Airbnb ROI: 2.97% Traditional ROI: 6.23%
2917 Christina St NW Salem, OR Enjoy incredible panoramic views from the back deck, where on clear days you can see all f...	4 beds \| 3 baths \| 2,252 sq.ft.	$509,900	Airbnb cash on cash: 0.98% Traditional cash on cash: 6.43% Airbnb Rental Income: $2090 Traditional Rental Income: $4152 Airbnb ROI: 0.98% Traditional ROI: 6.43%

Real Estate investment in Salem, OR

There are 403 properties for sale in the city of Salem . The median list price in Salem is $449,731 and the average price per square foot is $206. In July 2026, the average monthly cash on cash return in Salem is 5.00%. The average monthly rental income in Salem is $2,953.

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

There are 403 investment properties available for sale in Salem.

In 2026, the best neighborhood to buy investment property is North East Salem.

The ROI for Long-Term is higher than the Short-Term in Salem with average rental income of $2,953.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, OR

6173 LILLIAN St SE

Salem, OR

3 beds | 3 baths | 2,072 sq.ft.

$550,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 4.9%

Airbnb Rental Income: $1957

Traditional Rental Income: $3750

Airbnb ROI: 0.41%

Traditional ROI: 4.9%

196 23rd St SE

Salem, OR

3 beds | 2 baths | 1,627 sq.ft.

$415,000

Airbnb cash on cash: 1.2%

Traditional cash on cash: 5.6%

Airbnb Rental Income: $1729

Traditional Rental Income: $2962

Airbnb ROI: 1.2%

Traditional ROI: 5.6%

1564 CENTER St NE

Salem, OR

3 beds | 2 baths | 2,222 sq.ft.

$344,900

Airbnb cash on cash: 1.67%

Traditional cash on cash: 5.61%

Airbnb Rental Income: $1788

Traditional Rental Income: $2576

Airbnb ROI: 1.67%

Traditional ROI: 5.61%

2855 Brooks Av NE

Salem, OR

2 beds | 1 baths | 912 sq.ft.

$319,900

Airbnb cash on cash: 1.84%

Traditional cash on cash: 5.07%

Airbnb Rental Income: $1574

Traditional Rental Income: $2095

Airbnb ROI: 1.84%

Traditional ROI: 5.07%

2095 Popcorn Ct NW

Salem, OR

3 beds | 2 baths | 2,220 sq.ft.

$479,900

Airbnb cash on cash: 0.39%

Traditional cash on cash: 4.85%

Airbnb Rental Income: $1727

Traditional Rental Income: $3250

Airbnb ROI: 0.39%

Traditional ROI: 4.85%

2255 Ellen Ln NW

Salem, OR

4 beds | 4 baths | 2,943 sq.ft.

$624,000

Airbnb cash on cash: 0.23%

Traditional cash on cash: 7.21%

Airbnb Rental Income: $2090

Traditional Rental Income: $5621

Airbnb ROI: 0.23%

Traditional ROI: 7.21%

8623 Blackhawk Ct SE

Salem, OR

4 beds | 5 baths | 3,764 sq.ft.

$1,249,979

Airbnb cash on cash: -0.76%

Traditional cash on cash: 4.01%

Airbnb Rental Income: $1843

Traditional Rental Income: $6888

Airbnb ROI: -0.76%

Traditional ROI: 4.01%

3055 Hollywood Dr NE

Salem, OR

2 beds | 1 baths | 1,656 sq.ft.

$420,000

Airbnb cash on cash: 0.77%

Traditional cash on cash: 3.17%

Airbnb Rental Income: $1523

Traditional Rental Income: $2024

Airbnb ROI: 0.77%