Real Estate Investment Properties for Sale in Damascus, OR

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
15786 SE JANSIK Ct Damascus, OR Beautiful 3 bed, 2.5 bath home in desirable Windswept Waters neighborhood. Features includ...	3 beds \| 2 baths \| 1,997 sq.ft.	$549,950	Airbnb cash on cash: N/A Traditional cash on cash: 4.7% Airbnb Rental Income: $null Traditional Rental Income: $3547 Airbnb ROI: N/A Traditional ROI: 4.7%
16381 SE DEER MEADOW Loop Damascus, OR Welcome to your dream home in the heart of Damascus, Oregon! This beautifully updated 4-be...	4 beds \| 2 baths \| 2,913 sq.ft.	$775,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.9% Airbnb Rental Income: $null Traditional Rental Income: $2979 Airbnb ROI: N/A Traditional ROI: 1.9%
16400 SE HIGHWAY 224 Damascus, OR PRIME COMMERCIAL DEVELOPMENT PROPERTY IN THE APPROVED PLEASANT VALLEY NORTH CARVER COMPREH...	4 beds \| 2 baths \| 3,508 sq.ft.	$1,900,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.01% Airbnb Rental Income: $null Traditional Rental Income: $4097 Airbnb ROI: N/A Traditional ROI: 1.01%
16265 SE HIGHWAY 224 Damascus, OR Incredible opportunity to purchase a home/office and shop with RC zoning in a fantastic lo...	2 beds \| 1 baths \| 1,038 sq.ft.	$600,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.19% Airbnb Rental Income: $null Traditional Rental Income: $2108 Airbnb ROI: N/A Traditional ROI: 2.19%
16911 SE Siri Ct Damascus, OR Hello Future Owner-I've been waiting for you. Step inside & feel how effortlessly elegance...	4 beds \| 2 baths \| 2,198 sq.ft.	$637,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.74% Airbnb Rental Income: $null Traditional Rental Income: $4083 Airbnb ROI: N/A Traditional ROI: 4.74%
21145 SE TILLSTROM Rd Damascus, OR For the first time in 50 years this charming 2 story home on 10.7 acres is available. Feat...	4 beds \| 2 baths \| 4,260 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.2% Airbnb Rental Income: $null Traditional Rental Income: $3983 Airbnb ROI: N/A Traditional ROI: 4.2%
9315 SE KINGSWOOD Way Damascus, OR Great Location with a view and your own private park. Three different living areas with th...	5 beds \| 3 baths \| 3,645 sq.ft.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.18% Airbnb Rental Income: $null Traditional Rental Income: $4571 Airbnb ROI: N/A Traditional ROI: 4.18%
15400 SE BARLOW Ct Damascus, OR Wonderful property in a prime Damascus location. This Unique Split Level Home has so much ...	4 beds \| 2 baths \| 2,352 sq.ft.	$798,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.52% Airbnb Rental Income: $null Traditional Rental Income: $3456 Airbnb ROI: N/A Traditional ROI: 2.52%
11858 SE HORSE TAIL FALLS Way Damascus, OR Vacant & Better-Than-New! This beautiful 4-bedroom, 2.5-bath home with AC, built in 2021 b...	4 beds \| 2 baths \| 1,923 sq.ft.	$623,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.34% Airbnb Rental Income: $null Traditional Rental Income: $3887 Airbnb ROI: N/A Traditional ROI: 4.34%
19609 SE WOODED HILLS Dr Damascus, OR Incredible opportunity to own a tranquil, private, wooded, and grassy retreat on 5 acres w...	3 beds \| 2 baths \| 2,076 sq.ft.	$799,990	Airbnb cash on cash: N/A Traditional cash on cash: 2.51% Airbnb Rental Income: $null Traditional Rental Income: $3366 Airbnb ROI: N/A Traditional ROI: 2.51%
8970 SE KINGSWOOD Way Damascus, OR Damascus farmhouse on 5 private acres with a million dollar Mt. Hood view. Arrive in style...	5 beds \| 4 baths \| 3,886 sq.ft.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.23% Airbnb Rental Income: $null Traditional Rental Income: $6161 Airbnb ROI: N/A Traditional ROI: 6.23%
18027 SE EMI St Damascus, OR Welcome to this exceptional property that offers space, comfort, and versatility on a juni...	3 beds \| 2 baths \| 1,785 sq.ft.	$755,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.77% Airbnb Rental Income: $null Traditional Rental Income: $3238 Airbnb ROI: N/A Traditional ROI: 2.77%
13633 SE 178TH Ave Damascus, OR The perfect blend of serenity and convenience. Spacious 2 level Damascus home, with mid-ce...	4 beds \| 3 baths \| 2,680 sq.ft.	$699,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.89% Airbnb Rental Income: $null Traditional Rental Income: $4509 Airbnb ROI: N/A Traditional ROI: 4.89%
12672 SE 172ND Ave Damascus, OR Modern townhome in prime Happy Valley location. Bright open floor plan with large kitchen ...	4 beds \| 2 baths \| 2,258 sq.ft.	$439,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.84% Airbnb Rental Income: $null Traditional Rental Income: $3922 Airbnb ROI: N/A Traditional ROI: 5.84%
16710 S GERBER Rd Damascus, OR This is the one everyone is looking for! Live "off the grid" but just minutes to town! Inc...	3 beds \| 2 baths \| 2,293 sq.ft.	$2,049,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.55% Airbnb Rental Income: $null Traditional Rental Income: $3652 Airbnb ROI: N/A Traditional ROI: 0.55%
23040 SE YELLOWHAMMER St Damascus, OR Fully Remodeled 5-Bed, 3-Bath Home with large RV/Boat Parking for your toys!, Large Trex D...	5 beds \| 3 baths \| 2,464 sq.ft.	$849,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.35% Airbnb Rental Income: $null Traditional Rental Income: $4080 Airbnb ROI: N/A Traditional ROI: 3.35%
9151 SE HIDEAWAY Ct Damascus, OR Tucked away on a private road in the peaceful neighborhood of Hidden Hollow, a serene corn...	5 beds \| 3 baths \| 2,915 sq.ft.	$799,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.19% Airbnb Rental Income: $null Traditional Rental Income: $4571 Airbnb ROI: N/A Traditional ROI: 4.19%
16685 SE PACIFIC CREST TRAIL Pl Damascus, OR Better than new! Built just one year ago, this immaculate Happy Valley home is packed with...	3 beds \| 2 baths \| 1,594 sq.ft.	$674,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.26% Airbnb Rental Income: $null Traditional Rental Income: $2909 Airbnb ROI: N/A Traditional ROI: 2.26%
12650 SE STALEY Ave Damascus, OR Stunning 5-Bedroom Home with Mt. Hood Views & Exceptional Outdoor Living. This serene cul-...	5 beds \| 4 baths \| 3,714 sq.ft.	$850,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.91% Airbnb Rental Income: $null Traditional Rental Income: $6300 Airbnb ROI: N/A Traditional ROI: 5.91%
16615 SE SUNSHOWER Pl Damascus, OR Welcome to this beautiful townhouse nestled in one of Happy Valley's most sought-after com...	3 beds \| 2 baths \| 1,668 sq.ft.	$479,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.06% Airbnb Rental Income: $null Traditional Rental Income: $3507 Airbnb ROI: N/A Traditional ROI: 5.06%
17000 SE FOREST HILL Dr Damascus, OR Discover the perfect blend of privacy, space, and Northwest beauty! This exceptional prope...	3 beds \| 2 baths \| 1,731 sq.ft.	$610,999	Airbnb cash on cash: N/A Traditional cash on cash: 3.7% Airbnb Rental Income: $null Traditional Rental Income: $3050 Airbnb ROI: N/A Traditional ROI: 3.7%
12467 SE WATER DROP Way Damascus, OR Experience this modern, smart, and energy-efficient home packed with all the bells and whi...	3 beds \| 2 baths \| 1,564 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.51% Airbnb Rental Income: $null Traditional Rental Income: $3328 Airbnb ROI: N/A Traditional ROI: 5.51%
16003 SE CIELO Ct Damascus, OR PLEASE CALL AGENT WITH ANY QUESTIONS OR COMMENTS. Discover Your Private Sanctuary on 6.48 ...	3 beds \| 3 baths \| 3,504 sq.ft.	$1,150,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.95% Airbnb Rental Income: $null Traditional Rental Income: $4019 Airbnb ROI: N/A Traditional ROI: 1.95%

Real Estate investment in Damascus, OR

There are 23 properties for sale in the city of Damascus . The median list price in Damascus is $755,900 and the average price per square foot is $300. In December 2025, the average monthly cash on cash return in Damascus is 4.00%. The average monthly rental income in Damascus is $3,817.

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

There are 23 investment properties available for sale in Damascus.

In 2025, the best neighborhood to buy investment property is Damascus.

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

Your search for investment property begins and ends here

Investment Property for Sale in Damascus, OR

15786 SE JANSIK Ct

Damascus, OR

3 beds | 2 baths | 1,997 sq.ft.

$549,950

Airbnb cash on cash: N/A

Traditional cash on cash: 4.7%

Airbnb Rental Income: $null

Traditional Rental Income: $3547

Airbnb ROI: N/A

Traditional ROI: 4.7%

16381 SE DEER MEADOW Loop

Damascus, OR

4 beds | 2 baths | 2,913 sq.ft.

$775,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.9%

Airbnb Rental Income: $null

Traditional Rental Income: $2979

Airbnb ROI: N/A

Traditional ROI: 1.9%

16400 SE HIGHWAY 224

Damascus, OR

4 beds | 2 baths | 3,508 sq.ft.

$1,900,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.01%

Airbnb Rental Income: $null

Traditional Rental Income: $4097

Airbnb ROI: N/A

Traditional ROI: 1.01%

16265 SE HIGHWAY 224

Damascus, OR

2 beds | 1 baths | 1,038 sq.ft.

$600,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.19%

Airbnb Rental Income: $null

Traditional Rental Income: $2108

Airbnb ROI: N/A

Traditional ROI: 2.19%

16911 SE Siri Ct

Damascus, OR

4 beds | 2 baths | 2,198 sq.ft.

$637,500

Airbnb cash on cash: N/A

Traditional cash on cash: 4.74%

Airbnb Rental Income: $null

Traditional Rental Income: $4083

Airbnb ROI: N/A

Traditional ROI: 4.74%

21145 SE TILLSTROM Rd

Damascus, OR

4 beds | 2 baths | 4,260 sq.ft.

$750,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.2%

Airbnb Rental Income: $null

Traditional Rental Income: $3983

Airbnb ROI: N/A

Traditional ROI: 4.2%

9315 SE KINGSWOOD Way

Damascus, OR

5 beds | 3 baths | 3,645 sq.ft.

$799,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.18%

Airbnb Rental Income: $null

Traditional Rental Income: $4571

Airbnb ROI: N/A

Traditional ROI: 4.18%

15400 SE BARLOW Ct

Damascus, OR

4 beds | 2 baths | 2,352 sq.ft.

$798,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.52%

Airbnb Rental Income: $null

Traditional Rental Income: $3456

Airbnb ROI: N/A