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
1639 Nut Tree Dr NW Salem, OR One of the most beautiful homes in Salemtowne! Fully updated with no detail left out. The ...	3 beds \| 3 baths \| 2,367 sq.ft.	$565,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 5.38% Airbnb Rental Income: $1056 Traditional Rental Income: $3932 Airbnb ROI: -0.77% Traditional ROI: 5.38%
585 Hickory St NE Salem, OR Accepted Offer with Contingencies. Super cute, move-in-ready cottage home! Updated plumbin...	1 beds \| 2 baths \| 616 sq.ft.	$280,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 5.19% Airbnb Rental Income: $1421 Traditional Rental Income: $1867 Airbnb ROI: 1.89% Traditional ROI: 5.19%
8623 Blackhawk Ct SE Salem, OR Discover the ultimate living experience with an exceptional property featuring a separateÂ...	4 beds \| 3 baths \| 3,764 sq.ft.	$1,299,979	Airbnb cash on cash: -0.83% Traditional cash on cash: 3.88% Airbnb Rental Income: $1656 Traditional Rental Income: $6888 Airbnb ROI: -0.83% Traditional ROI: 3.88%
2735 Summer St SE Salem, OR Opportunity knocks in Salem! Situated on a generous .25-acre lot, this 2-bedroom, 1-bath h...	2 beds \| 1 baths \| 1,126 sq.ft.	$250,000	Airbnb cash on cash: 2.27% Traditional cash on cash: 7.15% Airbnb Rental Income: $1594 Traditional Rental Income: $2291 Airbnb ROI: 2.27% Traditional ROI: 7.15%
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: -1.12% Traditional cash on cash: 3% Airbnb Rental Income: $1056 Traditional Rental Income: $4105 Airbnb ROI: -1.12% Traditional ROI: 3%
741 Van Buren Dr NW Salem, OR Accepted Offer with Contingencies. Woodhaven Estates!! Gorgeous 2 story home on large terr...	4 beds \| 3 baths \| 2,345 sq.ft.	$539,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.02% Airbnb Rental Income: $null Traditional Rental Income: $4212 Airbnb ROI: N/A Traditional ROI: 6.02%
1540 Madelyn Ave SE Salem, OR This updated condo features natural light, two spacious master suites, a private single-ca...	2 beds \| 2 baths \| 1,256 sq.ft.	$271,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 7.38% Airbnb Rental Income: $988 Traditional Rental Income: $2489 Airbnb ROI: 0.12% Traditional ROI: 7.38%
5250 Forest Gln SE Salem, OR Welcome to this beautiful home in sought after SE Salem. Complete with 4 beds, 2.5 baths t...	4 beds \| 2 baths \| 2,220 sq.ft.	$529,000	Airbnb cash on cash: 1.81% Traditional cash on cash: 3.83% Airbnb Rental Income: $2552 Traditional Rental Income: $2940 Airbnb ROI: 1.81% Traditional ROI: 3.83%
767 Mule Deer NW St Salem, OR Don't miss this remodeled home! Open floor plan with new quartz countertops and shaker cab...	3 beds \| 2 baths \| 2,285 sq.ft.	$519,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 5.3% Airbnb Rental Income: $1056 Traditional Rental Income: $3684 Airbnb ROI: -0.87% Traditional ROI: 5.3%
1029 Evergreen Ave NE Salem, OR Charming Ranch with Major Updates & Assumable VA Loan. This 3 bedroom, 2 bath ranch (1,611...	3 beds \| 2 baths \| 1,611 sq.ft.	$399,999	Airbnb cash on cash: 1.16% Traditional cash on cash: 5.9% Airbnb Rental Income: $1699 Traditional Rental Income: $3002 Airbnb ROI: 1.16% Traditional ROI: 5.9%
2354 Bluebell Ave SE Salem, OR Exquisite home features vaulted ceilings & arched windows. Natural light accentuates fine ...	4 beds \| 2 baths \| 2,680 sq.ft.	$729,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 3.87% Airbnb Rental Income: $2552 Traditional Rental Income: $4134 Airbnb ROI: 0.64% Traditional ROI: 3.87%
1637 PTARMIGAN St NW Salem, OR Every corner of this custom-built, two-story airy sanctuary whispers intention; every fini...	4 beds \| 2 baths \| 3,835 sq.ft.	$819,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.93% Airbnb Rental Income: $null Traditional Rental Income: $3279 Airbnb ROI: N/A Traditional ROI: 1.93%
3994 Crestview Dr S Salem, OR Accepted Offer with Contingencies. Back on market! Come see this completely remodeled home...	3 beds \| 2 baths \| 1,534 sq.ft.	$479,900	Airbnb cash on cash: 0.58% Traditional cash on cash: 3.9% Airbnb Rental Income: $1575 Traditional Rental Income: $2615 Airbnb ROI: 0.58% Traditional ROI: 3.9%
4985 Ward Dr NE Salem, OR Welcome home in a convenient location close to schools, shopping, and I-5. Remodeled in 20...	4 beds \| 3 baths \| 2,412 sq.ft.	$549,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 5.28% Airbnb Rental Income: $1818 Traditional Rental Income: $3924 Airbnb ROI: 0.36% Traditional ROI: 5.28%
1394 Hayward St S Salem, OR Accepted Offer with Contingencies. OPEN HOUSE Sat 13th 2-4pm Welcome to this Move in/Turn ...	3 beds \| 2 baths \| 1,360 sq.ft.	$428,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 4.05% Airbnb Rental Income: $1609 Traditional Rental Income: $2498 Airbnb ROI: 0.69% Traditional ROI: 4.05%
7184 Battle Creek Rd SE Salem, OR WELCOME HOME...Tucked along a quiet stretch of South Salem, this woodland retreat feels li...	3 beds \| 3 baths \| 2,669 sq.ft.	$629,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 4.72% Airbnb Rental Income: $1637 Traditional Rental Income: $3831 Airbnb ROI: 0.2% Traditional ROI: 4.72%
4748 Astronaut Ave NE Salem, OR Open House 1/23/26 3-5PM This beautifully upgraded Cambridge plan offers modern comfort an...	4 beds \| 2 baths \| 2,326 sq.ft.	$499,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 6.61% Airbnb Rental Income: $1818 Traditional Rental Income: $4160 Airbnb ROI: 0.54% Traditional ROI: 6.61%
2858 Oakcrest Dr NW Salem, OR Accepted Offer with Contingencies. Perfect size and location in Salemtowne, an active 55+ ...	1 beds \| 1 baths \| 776 sq.ft.	$265,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 2.89% Airbnb Rental Income: $1024 Traditional Rental Income: $1289 Airbnb ROI: 0.39% Traditional ROI: 2.89%
5240 Chapman St S Salem, OR Price reduction 10KWelcome Home! Beautiful 3 mountain view! Newly renovated incl. kitchen,...	4 beds \| 3 baths \| 2,207 sq.ft.	$629,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 4.33% Airbnb Rental Income: $2354 Traditional Rental Income: $3835 Airbnb ROI: 0.82% Traditional ROI: 4.33%
1835 Wakefield Ct NW Salem, OR Wilark Park NW! Cul-De-Dac Charming 2 story home with recent upgrades. Covered front porch...	4 beds \| 2 baths \| 1,696 sq.ft.	$460,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.28% Airbnb Rental Income: $null Traditional Rental Income: $3143 Airbnb ROI: N/A Traditional ROI: 5.28%
173 Salem Hts SE Salem, OR Property Zoned MU-III with both residential and commercial potential, this beautifully upd...	5 beds \| 2 baths \| 2,330 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.04% Airbnb Rental Income: $null Traditional Rental Income: $3533 Airbnb ROI: N/A Traditional ROI: 5.04%
6315 Fairway Av SE Salem, OR Accepted Offer with Contingencies. Move in ready! Fully remodeled 2 bed, 1.5 bath condo fe...	2 beds \| 2 baths \| 1,120 sq.ft.	$279,900	Airbnb cash on cash: 0.06% Traditional cash on cash: 6.75% Airbnb Rental Income: $988 Traditional Rental Income: $2399 Airbnb ROI: 0.06% Traditional ROI: 6.75%
1075 Vista Ave SE Salem, OR Motivated Seller! Welcome to this cozy 1-bedroom home on a spacious 0.18-acre lot, offerin...	1 beds \| 1 baths \| 814 sq.ft.	$299,000	Airbnb cash on cash: 1.27% Traditional cash on cash: 3.27% Airbnb Rental Income: $1309 Traditional Rental Income: $1476 Airbnb ROI: 1.27% Traditional ROI: 3.27%
1763 York Butte Ave SE Salem, OR 2021 Wind River Home's tour home. Beautiful 20' ceilings, floor to ceiling tiled fireplace...	4 beds \| 3 baths \| 3,150 sq.ft.	$859,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 4.77% Airbnb Rental Income: $2552 Traditional Rental Income: $5380 Airbnb ROI: 0.47% Traditional ROI: 4.77%
4081 Hawthorne Ave NE Salem, OR This 4-bedroom, 3-bath home offers 2,496 sq. ft. of comfort, functionality, and timeless c...	4 beds \| 3 baths \| 2,496 sq.ft.	$514,900	Airbnb cash on cash: 0.7% Traditional cash on cash: 6.68% Airbnb Rental Income: $1818 Traditional Rental Income: $4205 Airbnb ROI: 0.7% Traditional ROI: 6.68%
3158 19th Pl NW Salem, OR This spacious home nestled in a quiet culdesac, in a highly sought after area of Salem, ha...	4 beds \| 2 baths \| 2,190 sq.ft.	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.09% Airbnb Rental Income: $null Traditional Rental Income: $3816 Airbnb ROI: N/A Traditional ROI: 7.09%
4792 Lancaster #124 Dr NE Salem, OR Accepted Offer with Contingencies. Updated condo in a private gated community with easy ac...	2 beds \| 2 baths \| 928 sq.ft.	$239,000	Airbnb cash on cash: 1.95% Traditional cash on cash: 8.37% Airbnb Rental Income: $1400 Traditional Rental Income: $2428 Airbnb ROI: 1.95% Traditional ROI: 8.37%
745 NE 16th St Salem, OR Turnkey investment with instant cash flow upon closing! This 4 bed, 2.5 bath has room for ...	4 beds \| 2 baths \| 2,378 sq.ft.	$464,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.48% Airbnb Rental Income: $null Traditional Rental Income: $3712 Airbnb ROI: N/A Traditional ROI: 6.48%
5915 Lone Oak Rd SE Salem, OR Open House Jan 25, 1 to 3.Welcome home to Creekside! Great home for entertaining with the...	4 beds \| 3 baths \| 2,552 sq.ft.	$599,900	Airbnb cash on cash: 1.05% Traditional cash on cash: 4.19% Airbnb Rental Income: $2552 Traditional Rental Income: $3695 Airbnb ROI: 1.05% Traditional ROI: 4.19%
4086 Judy Av NE Salem, OR Welcome to 4086 Judy Ave NE in Salemâa fantastic opportunity for multi-generational or d...	4 beds \| 3 baths \| 2,362 sq.ft.	$469,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.78% Airbnb Rental Income: $null Traditional Rental Income: $4299 Airbnb ROI: N/A Traditional ROI: 7.78%
4109 Illahe River Ct S Salem, OR $30K PRICE REDUCTION, now below appraisal! Custom home, Illahe's newest development. 4brm,...	4 beds \| 2 baths \| 3,164 sq.ft.	$1,075,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.44% Airbnb Rental Income: $null Traditional Rental Income: $4403 Airbnb ROI: N/A Traditional ROI: 2.44%
3301 Bluff Ave SE Salem, OR Spacious, one level mid-century rambler, offering 2500+ SF w/ 3 bdrms & 2 bthrms. Nestled ...	3 beds \| 2 baths \| 2,510 sq.ft.	$630,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 4.38% Airbnb Rental Income: $1609 Traditional Rental Income: $3740 Airbnb ROI: -0.02% Traditional ROI: 4.38%
1515 19th St NE Salem, OR Your very own 1930's English Cottage on a quaint, tree-lined Engelwood street with alllll ...	3 beds \| 2 baths \| 2,295 sq.ft.	$444,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 5.58% Airbnb Rental Income: $1646 Traditional Rental Income: $3351 Airbnb ROI: 0.54% Traditional ROI: 5.58%
771 21st St SE Salem, OR 4 plex investor opportunity in central Salem with potential to assume FHA mortgage at 2.75...	4 beds \| N/A baths \| 2,282 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.13% Airbnb Rental Income: $null Traditional Rental Income: $4237 Airbnb ROI: N/A Traditional ROI: 6.13%
3676 Myrla Ct S Salem, OR Located on a quiet cul-de-sac in a desirable community, this beautifully updated and maint...	4 beds \| 3 baths \| 3,190 sq.ft.	$595,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.09% Airbnb Rental Income: $null Traditional Rental Income: $4688 Airbnb ROI: N/A Traditional ROI: 6.09%
402 Himalaya St NE Salem, OR 4bed + Bonus Room!!!!Welcome to East Park Village in Salem!Just minutes from the State Cap...	4 beds \| 2 baths \| 2,335 sq.ft.	$519,970	Airbnb cash on cash: 0.16% Traditional cash on cash: 4.66% Airbnb Rental Income: $1656 Traditional Rental Income: $3376 Airbnb ROI: 0.16% Traditional ROI: 4.66%
319 18th St SE Salem, OR Beautifully updated 2-bedroom, 1-bath home is move-in ready and perfectly situated just mi...	2 beds \| 1 baths \| 1,000 sq.ft.	$300,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 5.26% Airbnb Rental Income: $1704 Traditional Rental Income: $2099 Airbnb ROI: 2.19% Traditional ROI: 5.26%
6147 Quail Hollow St SE Salem, OR STUNNING Custom Built Home still looks like new! One owner home that is joyful and full o...	4 beds \| 4 baths \| 3,439 sq.ft.	$849,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 4.57% Airbnb Rental Income: $2552 Traditional Rental Income: $5606 Airbnb ROI: -0.07% Traditional ROI: 4.57%
5585 Mountain Quail Dr Salem, OR	4 beds \| 2 baths \| 1,830 sq.ft.	$514,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.42% Airbnb Rental Income: $null Traditional Rental Income: $2688 Airbnb ROI: N/A Traditional ROI: 3.42%
3671 Johns Pl SE Salem, OR Welcome to this beautifully updated log-style home on 1.5 acres, offering the perfect blen...	3 beds \| 2 baths \| 1,464 sq.ft.	$694,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 1.78% Airbnb Rental Income: $1555 Traditional Rental Income: $2244 Airbnb ROI: 0.02% Traditional ROI: 1.78%

Real Estate investment in Salem, OR

There are 302 properties for sale in the city of Salem . The median list price in Salem is $460,000 and the average price per square foot is $226. In February 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 302 investment properties available for sale in Salem.

In 2026, the best neighborhood to buy investment property is Central Area.

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

1639 Nut Tree Dr NW

Salem, OR

3 beds | 3 baths | 2,367 sq.ft.

$565,000

Airbnb cash on cash: -0.77%

Traditional cash on cash: 5.38%

Airbnb Rental Income: $1056

Traditional Rental Income: $3932

Airbnb ROI: -0.77%

Traditional ROI: 5.38%

585 Hickory St NE

Salem, OR

1 beds | 2 baths | 616 sq.ft.

$280,000

Airbnb cash on cash: 1.89%

Traditional cash on cash: 5.19%

Airbnb Rental Income: $1421

Traditional Rental Income: $1867

Airbnb ROI: 1.89%

Traditional ROI: 5.19%

8623 Blackhawk Ct SE

Salem, OR

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

$1,299,979

Airbnb cash on cash: -0.83%

Traditional cash on cash: 3.88%

Airbnb Rental Income: $1656

Traditional Rental Income: $6888

Airbnb ROI: -0.83%

Traditional ROI: 3.88%

2735 Summer St SE

Salem, OR

2 beds | 1 baths | 1,126 sq.ft.

$250,000

Airbnb cash on cash: 2.27%

Traditional cash on cash: 7.15%

Airbnb Rental Income: $1594

Traditional Rental Income: $2291

Airbnb ROI: 2.27%

Traditional ROI: 7.15%

2334 Doaks Ferry Rd NW

Salem, OR

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

$889,000

Airbnb cash on cash: -1.12%

Traditional cash on cash: 3%

Airbnb Rental Income: $1056

Traditional Rental Income: $4105

Airbnb ROI: -1.12%

Traditional ROI: 3%

741 Van Buren Dr NW

Salem, OR

4 beds | 3 baths | 2,345 sq.ft.

$539,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.02%

Airbnb Rental Income: $null

Traditional Rental Income: $4212

Airbnb ROI: N/A

Traditional ROI: 6.02%

1540 Madelyn Ave SE

Salem, OR

2 beds | 2 baths | 1,256 sq.ft.

$271,000

Airbnb cash on cash: 0.12%

Traditional cash on cash: 7.38%

Airbnb Rental Income: $988

Traditional Rental Income: $2489

Airbnb ROI: 0.12%

Traditional ROI: 7.38%

5250 Forest Gln SE

Salem, OR

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

$529,000

Airbnb cash on cash: 1.81%

Traditional cash on cash: 3.83%

Airbnb Rental Income: $2552

Traditional Rental Income: $2940

Airbnb ROI: 1.81%