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
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: 0.91% Traditional cash on cash: 5.61% Airbnb Rental Income: $1490 Traditional Rental Income: $2576 Airbnb ROI: 0.91% Traditional ROI: 5.61%
4417 BATTLE CREEK Rd SE Salem, OR Set on a private half-acre flag lot property this one-of-a-kind home blends rustic farmhou...	3 beds \| 2 baths \| 2,693 sq.ft.	$575,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 5.28% Airbnb Rental Income: $1482 Traditional Rental Income: $3992 Airbnb ROI: -0.2% Traditional ROI: 5.28%
4074 Aden Pl NE Salem, OR Open house 3/14 10-12. Well-maintained 2-story condo in a convenient Salem location! Walk ...	3 beds \| 3 baths \| 1,564 sq.ft.	$315,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 6.61% Airbnb Rental Income: $1158 Traditional Rental Income: $2774 Airbnb ROI: -0.13% Traditional ROI: 6.61%
8623 Blackhawk Ct SE Salem, OR Discover the ultimate living experience with an exceptional property featuring a separateÂ...	4 beds \| 5 baths \| 3,764 sq.ft.	$1,299,979	Airbnb cash on cash: -1.37% Traditional cash on cash: 3.88% Airbnb Rental Income: $885 Traditional Rental Income: $6888 Airbnb ROI: -1.37% Traditional ROI: 3.88%
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: -1.13% Traditional cash on cash: 3% Airbnb Rental Income: $1053 Traditional Rental Income: $4105 Airbnb ROI: -1.13% Traditional ROI: 3%
2335 MAPLEWOOD Dr S Salem, OR Tucked off the street in sought-after South Salem, this well cared for 3 bed 2.5 bath gem ...	3 beds \| 3 baths \| 1,588 sq.ft.	$445,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 4.16% Airbnb Rental Income: $1435 Traditional Rental Income: $2797 Airbnb ROI: -0.14% Traditional ROI: 4.16%
4664 Kingston Ct NE Salem, OR Accepted Offer with Contingencies. This single-level residence is ideal for easy living, w...	3 beds \| 2 baths \| 1,152 sq.ft.	$398,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 5.33% Airbnb Rental Income: $1158 Traditional Rental Income: $2715 Airbnb ROI: 0.14% Traditional ROI: 5.33%
2612 Goodin Pl S Salem, OR Elegant home on one acre offering formal living and dining rooms, a private office with bu...	4 beds \| 4 baths \| 3,588 sq.ft.	$1,150,000	Airbnb cash on cash: -1.04% Traditional cash on cash: 3.29% Airbnb Rental Income: $1397 Traditional Rental Income: $5608 Airbnb ROI: -1.04% Traditional ROI: 3.29%
1540 Madelyn Av SE Salem, OR This updated condo features a brand new water heater, natural light, two spacious master s...	2 beds \| 3 baths \| 1,256 sq.ft.	$266,900	Airbnb cash on cash: -2.47% Traditional cash on cash: 5.69% Airbnb Rental Income: $749 Traditional Rental Income: $2489 Airbnb ROI: -2.47% Traditional ROI: 5.69%
2839 CHURCH St SE Salem, OR Charming well-loved 50s ranch; situated on a large lot with mature fruit trees and grape v...	4 beds \| 2 baths \| 1,287 sq.ft.	$381,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.27% Airbnb Rental Income: $null Traditional Rental Income: $2656 Airbnb ROI: N/A Traditional ROI: 5.27%
5411 Tullimoor St SE Salem, OR Attention ALL investors, looking for a fixer, sweat equity, rental, or first time home buy...	4 beds \| 3 baths \| 1,839 sq.ft.	$489,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 3.26% Airbnb Rental Income: $1173 Traditional Rental Income: $2557 Airbnb ROI: -0.6% Traditional ROI: 3.26%
2025 Banyan Ct NW Salem, OR Accepted Offer with Contingencies. Welcome Home.... This isn't just a house... but a home ...	2 beds \| 2 baths \| 1,203 sq.ft.	$350,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 4.92% Airbnb Rental Income: $1180 Traditional Rental Income: $2419 Airbnb ROI: -0.02% Traditional ROI: 4.92%
1029 Evergreen NE Av Salem, OR Accepted Offer with Contingencies. Charming Ranch with Major Updates & Assumable VA Loan. ...	3 beds \| 2 baths \| 1,611 sq.ft.	$399,999	Airbnb cash on cash: 0.29% Traditional cash on cash: 5.9% Airbnb Rental Income: $1305 Traditional Rental Income: $3002 Airbnb ROI: 0.29% Traditional ROI: 5.9%
3669 Lachs Ct S Salem, OR Welcome Home... if you want a unique home in a neighborhood that is tucked away yet still ...	3 beds \| 3 baths \| 1,950 sq.ft.	$550,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 3.02% Airbnb Rental Income: $1364 Traditional Rental Income: $2755 Airbnb ROI: -0.5% Traditional ROI: 3.02%
355 24th St SE Salem, OR Seller offers $5000 towards buyer closing cost. Stylishly updated turn-of-the-century home...	2 beds \| 1 baths \| 1,548 sq.ft.	$369,900	Airbnb cash on cash: 0.27% Traditional cash on cash: 2.86% Airbnb Rental Income: $1173 Traditional Rental Income: $1689 Airbnb ROI: 0.27% Traditional ROI: 2.86%
1354 LEA ANN Ct NW Salem, OR Welcome to the Sun and Moon House, a charming custom home perched on a hill in a private c...	3 beds \| 2 baths \| 1,963 sq.ft.	$560,000	Airbnb cash on cash: -0.8% Traditional cash on cash: 3.84% Airbnb Rental Income: $1053 Traditional Rental Income: $3120 Airbnb ROI: -0.8% Traditional ROI: 3.84%
2354 Bluebell Av SE Salem, OR Exquisite home features vaulted ceilings & arched windows. Natural light accentuates fine ...	4 beds \| 3 baths \| 2,680 sq.ft.	$719,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 3.93% Airbnb Rental Income: $1173 Traditional Rental Income: $4134 Airbnb ROI: -1.06% Traditional ROI: 3.93%
1637 PTARMIGAN St NW Salem, OR Every corner of this custom-built, two-story airy sanctuary whispers intention; every fini...	4 beds \| 3 baths \| 3,835 sq.ft.	$819,900	Airbnb cash on cash: -1.84% Traditional cash on cash: 1.93% Airbnb Rental Income: $701 Traditional Rental Income: $3279 Airbnb ROI: -1.84% Traditional ROI: 1.93%
4985 Ward Dr NE Salem, OR *PRICE IMPROVEMENT* Welcome home in a convenient location close to schools, shopping, ...	4 beds \| 3 baths \| 2,412 sq.ft.	$539,000	Airbnb cash on cash: 1.94% Traditional cash on cash: 5.58% Airbnb Rental Income: $2736 Traditional Rental Income: $3924 Airbnb ROI: 1.94% Traditional ROI: 5.58%
272 LAURINE St NE Salem, OR Well-designed modern home home w/ new roof, 4 bedrooms + office & 2.5 baths w/ a desirable...	4 beds \| 3 baths \| 2,359 sq.ft.	$485,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 4.17% Airbnb Rental Income: $935 Traditional Rental Income: $2939 Airbnb ROI: -1.01% Traditional ROI: 4.17%
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% Traditional cash on cash: 4.72% Airbnb Rental Income: $1498 Traditional Rental Income: $3831 Airbnb ROI: 0% Traditional ROI: 4.72%
4748 Astronaut Av NE Salem, OR Open House 1/23/26 3-5PM This beautifully upgraded Cambridge plan offers modern comfort an...	4 beds \| 3 baths \| 2,326 sq.ft.	$499,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 6.61% Airbnb Rental Income: $2736 Traditional Rental Income: $4160 Airbnb ROI: 2.17% Traditional ROI: 6.61%
173 Salem Heights Av SE Salem, OR Accepted Offer with Contingencies. Property Zoned MU-III with both residential and commerc...	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%
1075 Vista Av SE Salem, OR Accepted Offer with Contingencies. Motivated Seller! Welcome to this cozy 1-bedroom home o...	1 beds \| 1 baths \| 814 sq.ft.	$299,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 3.36% Airbnb Rental Income: $750 Traditional Rental Income: $1476 Airbnb ROI: -0.34% Traditional ROI: 3.36%
1763 York Butte Av SE Salem, OR 2021 Wind River Home's tour home. Beautiful 20' ceilings, floor to ceiling tiled fireplace...	4 beds \| 4 baths \| 3,150 sq.ft.	$829,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 4.98% Airbnb Rental Income: $1173 Traditional Rental Income: $5380 Airbnb ROI: -0.96% Traditional ROI: 4.98%
4081 HAWTHORNE Ave NE Salem, OR If you had your eyes on this one but couldn't afford the upgrades, then look again because...	4 beds \| 3 baths \| 2,496 sq.ft.	$519,000	Airbnb cash on cash: 2.26% Traditional cash on cash: 6.62% Airbnb Rental Income: $2736 Traditional Rental Income: $4205 Airbnb ROI: 2.26% Traditional ROI: 6.62%
174 NW STONEWAY Dr Salem, OR Hard to find triplex in excellent West Salem location! Each unit is similar, with two over...	6 beds \| 6 baths \| 2,880 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.74% Airbnb Rental Income: $null Traditional Rental Income: $6609 Airbnb ROI: N/A Traditional ROI: 10.74%
3047 Leah St NE Salem, OR This well maintained home offers great value with several recent updates and thoughtful fe...	3 beds \| 3 baths \| 1,601 sq.ft.	$450,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 4.85% Airbnb Rental Income: $1427 Traditional Rental Income: $2931 Airbnb ROI: 0.27% Traditional ROI: 4.85%
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.	$435,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 7.18% Airbnb Rental Income: $701 Traditional Rental Income: $3816 Airbnb ROI: -1.22% Traditional ROI: 7.18%
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 \| 3 baths \| 2,378 sq.ft.	$464,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 6.49% Airbnb Rental Income: $935 Traditional Rental Income: $3712 Airbnb ROI: -0.69% Traditional ROI: 6.49%
4109 Illahe River Ct S Salem, OR $20K PRICE REDUCTION, $25K below appraisal! Custom home, Illahe's newest development. 4brm...	4 beds \| 3 baths \| 3,164 sq.ft.	$1,075,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 2.5% Airbnb Rental Income: $1675 Traditional Rental Income: $4403 Airbnb ROI: -0.7% Traditional ROI: 2.5%
3301 Bluff Av 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: -0.2% Traditional cash on cash: 4.38% Airbnb Rental Income: $1482 Traditional Rental Income: $3740 Airbnb ROI: -0.2% Traditional ROI: 4.38%
1082 Cascade Dr NW Salem, OR Save $$$ with this rare opportunity to assume an amazing 3.75% loan with an approximate ba...	3 beds \| 2 baths \| 1,996 sq.ft.	$388,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 7.16% Airbnb Rental Income: $1053 Traditional Rental Income: $3384 Airbnb ROI: -0.24% Traditional ROI: 7.16%
3676 Myrla Ct S Salem, OR Accepted Offer with Contingencies. NEW PRIMARY EN-SUITE BATHROOM! Spacious home tucked int...	4 beds \| 3 baths \| 3,190 sq.ft.	$565,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 6.46% Airbnb Rental Income: $1675 Traditional Rental Income: $4688 Airbnb ROI: -0.13% Traditional ROI: 6.46%
402 HIMALAYA St NE Salem, OR 4bed + Bonus Room!!!!Welcome to East Park Village in Salem!Just minutes from the State Cap...	4 beds \| 3 baths \| 2,335 sq.ft.	$519,970	Airbnb cash on cash: -1.24% Traditional cash on cash: 4.58% Airbnb Rental Income: $885 Traditional Rental Income: $3376 Airbnb ROI: -1.24% Traditional ROI: 4.58%
3456 Chiefs Ct NE Salem, OR Welcome Home! This move in ready one - story condo nestled in a secure gated community has...	2 beds \| 2 baths \| 880 sq.ft.	$239,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 5.81% Airbnb Rental Income: $1128 Traditional Rental Income: $2095 Airbnb ROI: -0.14% Traditional ROI: 5.81%
365 HIMALAYA St NE Salem, OR This beautifully designed two-level home offers a spacious and functional layout with comm...	4 beds \| 3 baths \| 2,335 sq.ft.	$475,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 5.7% Airbnb Rental Income: $952 Traditional Rental Income: $3634 Airbnb ROI: -1.12% Traditional ROI: 5.7%
4842 Lone Oak Rd SE Salem, OR Huge lot in desirable South Salem neighborhood. large single level hm w/great floor plan h...	4 beds \| 2 baths \| 1,262 sq.ft.	$449,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 4.19% Airbnb Rental Income: $1469 Traditional Rental Income: $2602 Airbnb ROI: 0.46% Traditional ROI: 4.19%
1098 E St NE Salem, OR Accepted Offer with Contingencies. Full of classic Salem charm, this 1925 Craftsman offers...	4 beds \| 2 baths \| 1,910 sq.ft.	$450,000	Airbnb cash on cash: -0.78% Traditional cash on cash: 5.36% Airbnb Rental Income: $935 Traditional Rental Income: $3174 Airbnb ROI: -0.78% Traditional ROI: 5.36%
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.	$684,900	Airbnb cash on cash: -0.06% Traditional cash on cash: 1.82% Airbnb Rental Income: $1482 Traditional Rental Income: $2244 Airbnb ROI: -0.06% Traditional ROI: 1.82%

Real Estate investment in Salem, OR

There are 235 properties for sale in the city of Salem . The median list price in Salem is $472,400 and the average price per square foot is $226. In April 2026, the average monthly cash on cash return in Salem is 5.00%. The average monthly rental income in Salem is $2,865.

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

There are 235 investment properties available for sale in Salem.

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

The ROI for Short-Term is higher than the Long-Term in Salem with average rental income of $1,317.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, OR

1564 CENTER St NE

Salem, OR

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

$344,900

Airbnb cash on cash: 0.91%

Traditional cash on cash: 5.61%

Airbnb Rental Income: $1490

Traditional Rental Income: $2576

Airbnb ROI: 0.91%

Traditional ROI: 5.61%

4417 BATTLE CREEK Rd SE

Salem, OR

3 beds | 2 baths | 2,693 sq.ft.

$575,000

Airbnb cash on cash: -0.2%

Traditional cash on cash: 5.28%

Airbnb Rental Income: $1482

Traditional Rental Income: $3992

Airbnb ROI: -0.2%

Traditional ROI: 5.28%

4074 Aden Pl NE

Salem, OR

3 beds | 3 baths | 1,564 sq.ft.

$315,000

Airbnb cash on cash: -0.13%

Traditional cash on cash: 6.61%

Airbnb Rental Income: $1158

Traditional Rental Income: $2774

Airbnb ROI: -0.13%

Traditional ROI: 6.61%

8623 Blackhawk Ct SE

Salem, OR

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

$1,299,979

Airbnb cash on cash: -1.37%

Traditional cash on cash: 3.88%

Airbnb Rental Income: $885

Traditional Rental Income: $6888

Airbnb ROI: -1.37%

Traditional ROI: 3.88%

2334 Doaks Ferry Rd NW

Salem, OR

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

$889,000

Airbnb cash on cash: -1.13%

Traditional cash on cash: 3%

Airbnb Rental Income: $1053

Traditional Rental Income: $4105

Airbnb ROI: -1.13%

Traditional ROI: 3%

2335 MAPLEWOOD Dr S

Salem, OR

3 beds | 3 baths | 1,588 sq.ft.

$445,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: 4.16%

Airbnb Rental Income: $1435

Traditional Rental Income: $2797

Airbnb ROI: -0.14%

Traditional ROI: 4.16%

4664 Kingston Ct NE

Salem, OR

3 beds | 2 baths | 1,152 sq.ft.

$398,000

Airbnb cash on cash: 0.14%

Traditional cash on cash: 5.33%

Airbnb Rental Income: $1158

Traditional Rental Income: $2715

Airbnb ROI: 0.14%

Traditional ROI: 5.33%

2612 Goodin Pl S

Salem, OR

4 beds | 4 baths | 3,588 sq.ft.

$1,150,000

Airbnb cash on cash: -1.04%

Traditional cash on cash: 3.29%

Airbnb Rental Income: $1397

Traditional Rental Income: $5608

Airbnb ROI: -1.04%