Real Estate Investment Properties for Sale in Hermiston, OR

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

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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
865 W ORCHARD AVE Hermiston, OR Discover this 2-bedroom, 1-bathroom bungalow nestled on a spacious lot. Offering a blend o...	2 beds \| 1 baths \| 1,022 sq.ft.	$264,950	Airbnb cash on cash: 5.69% Traditional cash on cash: 7.63% Airbnb Rental Income: $2613 Traditional Rental Income: $2474 Airbnb ROI: 5.69% Traditional ROI: 7.63%
515 SW DESERT SKY DR Hermiston, OR BACK ON THE MARKET DUE TO NO FAULT OF THE HOME! Previous contingent buyer fell through, so...	4 beds \| 3 baths \| 2,954 sq.ft.	$584,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.75% Airbnb Rental Income: $null Traditional Rental Income: $3898 Airbnb ROI: N/A Traditional ROI: 4.75%
305 W LAIRD AVE Hermiston, OR Charming 3 bedroom, 1 bath home in an established neighborhood! Come into 305 Laird Avenue...	3 beds \| 1 baths \| 1,248 sq.ft.	$284,950	Airbnb cash on cash: 8.61% Traditional cash on cash: 3.82% Airbnb Rental Income: $3750 Traditional Rental Income: $1649 Airbnb ROI: 8.61% Traditional ROI: 3.82%
503 E Heather AVE Hermiston, OR Discover your dream home built in 2022, offering four inviting bedrooms and two well-appoi...	4 beds \| 2 baths \| 1,906 sq.ft.	$442,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.58% Airbnb Rental Income: $null Traditional Rental Income: $3289 Airbnb ROI: N/A Traditional ROI: 5.58%
1453 NE KENNA DR Hermiston, OR Cozy 3-bedroom, 2-bath home built in 2019, offering 1,296 sq ft of comfortable living spac...	3 beds \| 2 baths \| 1,296 sq.ft.	$329,000	Airbnb cash on cash: 7.07% Traditional cash on cash: 7.39% Airbnb Rental Income: $3750 Traditional Rental Income: $3034 Airbnb ROI: 7.07% Traditional ROI: 7.39%
1020 SW 19TH CT Hermiston, OR RARE Single Level Home in HIGHLY Desirable Neighborhood! You will love the privacy along w...	4 beds \| 2 baths \| 2,203 sq.ft.	$499,990	Airbnb cash on cash: N/A Traditional cash on cash: 5.12% Airbnb Rental Income: $null Traditional Rental Income: $3451 Airbnb ROI: N/A Traditional ROI: 5.12%
1026 NE EMERALD DR Hermiston, OR MOVE IN READY! Discover the allure of Hermiston, Oregon's newest community with the Ambien...	2 beds \| 1 baths \| 1,001 sq.ft.	$209,900	Airbnb cash on cash: 8.34% Traditional cash on cash: 9.52% Airbnb Rental Income: $2613 Traditional Rental Income: $2223 Airbnb ROI: 8.34% Traditional ROI: 9.52%
1003 SW OLIVE CT Hermiston, OR Newer build in Hermiston with all the bells and whistles! This 4 bed, 2 bath house is on t...	4 beds \| 2 baths \| 2,214 sq.ft.	$455,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.28% Airbnb Rental Income: $null Traditional Rental Income: $2377 Airbnb ROI: N/A Traditional ROI: 3.28%
29495 Knight Rd Hermiston, OR Discover this expansive estate sitting on 4.45 acres with full water rights, featuring a s...	3 beds \| 2 baths \| 4,374 sq.ft.	$799,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 1.73% Airbnb Rental Income: $3750 Traditional Rental Income: $2956 Airbnb ROI: 1.7% Traditional ROI: 1.73%
29477 Knight Rd Hermiston, OR Newly listed, quiet and peaceful home in the countryside! Adjacent property is also for sa...	3 beds \| 3 baths \| 2,720 sq.ft.	$545,000	Airbnb cash on cash: 3.56% Traditional cash on cash: 4.99% Airbnb Rental Income: $3750 Traditional Rental Income: $3662 Airbnb ROI: 3.56% Traditional ROI: 4.99%
77867 COTTONWOOD BEND RD Hermiston, OR Have you been dreaming of your own private oasis and privacy? Look no further than this be...	4 beds \| 2 baths \| 1,840 sq.ft.	$715,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.18% Airbnb Rental Income: $null Traditional Rental Income: $3147 Airbnb ROI: N/A Traditional ROI: 3.18%
31437 MEDVILL CT Hermiston, OR Beautiful 4-bedroom, 2-bathroom home is situated on 2 irrigated acres for sale in a Beauti...	4 beds \| 2 baths \| 1,950 sq.ft.	$590,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.8% Airbnb Rental Income: $null Traditional Rental Income: $3074 Airbnb ROI: N/A Traditional ROI: 3.8%
846 NE 10TH PL Hermiston, OR Discover the allure of Hermiston, Oregon's newest community with the Ambience Homes "onyx"...	2 beds \| 1 baths \| 1,001 sq.ft.	$206,400	Airbnb cash on cash: 8.5% Traditional cash on cash: 10.25% Airbnb Rental Income: $2613 Traditional Rental Income: $2333 Airbnb ROI: 8.5% Traditional ROI: 10.25%
1922 NW ARCHER DR Hermiston, OR Welcome to your dream home! This stunning open-concept residence features three spacious b...	3 beds \| 2 baths \| 1,547 sq.ft.	$345,000	Airbnb cash on cash: 6.42% Traditional cash on cash: 7.24% Airbnb Rental Income: $3750 Traditional Rental Income: $3204 Airbnb ROI: 6.42% Traditional ROI: 7.24%
774 NE 11TH ST Hermiston, OR Welcome to 774 NE 11th St., a stunning townhome in the heart of Hermiston's new Diamond Ru...	3 beds \| 3 baths \| 1,348 sq.ft.	$282,500	Airbnb cash on cash: 8.85% Traditional cash on cash: 9.21% Airbnb Rental Income: $3750 Traditional Rental Income: $3030 Airbnb ROI: 8.85% Traditional ROI: 9.21%
81674 LIND RD Hermiston, OR Rare find! This charming 3-bedroom, 2-bath home is nestled on 4.19 acres and offers everyt...	3 beds \| 2 baths \| 1,512 sq.ft.	$435,900	Airbnb cash on cash: 5.12% Traditional cash on cash: 5.6% Airbnb Rental Income: $3750 Traditional Rental Income: $3134 Airbnb ROI: 5.12% Traditional ROI: 5.6%
934 SE 9th DR Hermiston, OR Looking for the convenience of Hermiston AND the cul-de-sac feel? This may be the one for ...	3 beds \| 2 baths \| 1,300 sq.ft.	$329,770	Airbnb cash on cash: 7.21% Traditional cash on cash: 7.47% Airbnb Rental Income: $3750 Traditional Rental Income: $3017 Airbnb ROI: 7.21% Traditional ROI: 7.47%
585 SE 9TH DR Hermiston, OR Charming Non-Cookie Cutter Home for SaleStep into a delightful escape where character ...	3 beds \| 2 baths \| 1,634 sq.ft.	$369,900	Airbnb cash on cash: 6.03% Traditional cash on cash: 6.12% Airbnb Rental Income: $3750 Traditional Rental Income: $2967 Airbnb ROI: 6.03% Traditional ROI: 6.12%
80548 KIK RD Hermiston, OR Take advantage of this short term PRICE REDUCTION and discover the charm of this delightfu...	3 beds \| 2 baths \| 1,404 sq.ft.	$305,000	Airbnb cash on cash: 8.14% Traditional cash on cash: 8.51% Airbnb Rental Income: $3750 Traditional Rental Income: $3043 Airbnb ROI: 8.14% Traditional ROI: 8.51%
1907 NW 6TH ST Hermiston, OR Charming Modern Farmhouse in Central Hermiston â 3 Bed, 2 Bath, 1868sqft.This beautifull...	3 beds \| 2 baths \| 1,868 sq.ft.	$430,000	Airbnb cash on cash: 4.76% Traditional cash on cash: 6.54% Airbnb Rental Income: $3750 Traditional Rental Income: $3654 Airbnb ROI: 4.76% Traditional ROI: 6.54%
896 SE 9th DR Hermiston, OR Cute, new and ready for you! This 3 bedroom, 2 bath split bedroom open concept home is BRA...	3 beds \| 2 baths \| 1,200 sq.ft.	$319,770	Airbnb cash on cash: 7.49% Traditional cash on cash: 7.08% Airbnb Rental Income: $3750 Traditional Rental Income: $2810 Airbnb ROI: 7.49% Traditional ROI: 7.08%
1655 NE 2ND ST Hermiston, OR This beautifully updated home in Hermiston spans nearly half an acre across two tax lots, ...	3 beds \| 1 baths \| 1,170 sq.ft.	$399,000	Airbnb cash on cash: 6.05% Traditional cash on cash: 5.13% Airbnb Rental Income: $3750 Traditional Rental Income: $2592 Airbnb ROI: 6.05% Traditional ROI: 5.13%
915 E TAMARACK AVE Hermiston, OR Terrific on Tamarack! This is an amazing opportunity to own an oversized lot in a great ne...	4 beds \| 3 baths \| 2,020 sq.ft.	$369,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.63% Airbnb Rental Income: $null Traditional Rental Income: $3586 Airbnb ROI: N/A Traditional ROI: 7.63%
931 NE 10TH PL Hermiston, OR MOVE IN READY! Discover the allure of Hermiston, Oregon's newest community with the Ambien...	2 beds \| 1 baths \| 1,001 sq.ft.	$209,900	Airbnb cash on cash: 8.34% Traditional cash on cash: 10.17% Airbnb Rental Income: $2613 Traditional Rental Income: $2353 Airbnb ROI: 8.34% Traditional ROI: 10.17%
915 W DUANE AVE Hermiston, OR Completely remodeled home in an established neighborhood! This 3 bedroom, 2.5 bath home is...	3 beds \| 3 baths \| 1,903 sq.ft.	$374,950	Airbnb cash on cash: 6.12% Traditional cash on cash: 7.4% Airbnb Rental Income: $3750 Traditional Rental Income: $3386 Airbnb ROI: 6.12% Traditional ROI: 7.4%
825 E TAMARACK AVE Hermiston, OR Welcome to this beautiful, remodeled/updated home in a highly desirable established neighb...	3 beds \| 2 baths \| 1,432 sq.ft.	$323,500	Airbnb cash on cash: 7.24% Traditional cash on cash: 6.44% Airbnb Rental Income: $3750 Traditional Rental Income: $2691 Airbnb ROI: 7.24% Traditional ROI: 6.44%

Real Estate investment in Hermiston, OR

There are 26 properties for sale in the city of Hermiston . The median list price in Hermiston is $369,450 and the average price per square foot is $213. In January 2025, the average monthly cash on cash return in Hermiston is 6.00%. The average monthly rental income in Hermiston is $3,032.

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

There are 26 investment properties available for sale in Hermiston.

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

The ROI for Short-Term is higher than the Long-Term in Hermiston with average rental income of $3,750.

Your search for investment property begins and ends here

Investment Property for Sale in Hermiston, OR

865 W ORCHARD AVE

Hermiston, OR

2 beds | 1 baths | 1,022 sq.ft.

$264,950

Airbnb cash on cash: 5.69%

Traditional cash on cash: 7.63%

Airbnb Rental Income: $2613

Traditional Rental Income: $2474

Airbnb ROI: 5.69%

Traditional ROI: 7.63%

515 SW DESERT SKY DR

Hermiston, OR

4 beds | 3 baths | 2,954 sq.ft.

$584,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.75%

Airbnb Rental Income: $null

Traditional Rental Income: $3898

Airbnb ROI: N/A

Traditional ROI: 4.75%

305 W LAIRD AVE

Hermiston, OR

3 beds | 1 baths | 1,248 sq.ft.

$284,950

Airbnb cash on cash: 8.61%

Traditional cash on cash: 3.82%

Airbnb Rental Income: $3750

Traditional Rental Income: $1649

Airbnb ROI: 8.61%

Traditional ROI: 3.82%

503 E Heather AVE

Hermiston, OR

4 beds | 2 baths | 1,906 sq.ft.

$442,999

Airbnb cash on cash: N/A

Traditional cash on cash: 5.58%

Airbnb Rental Income: $null

Traditional Rental Income: $3289

Airbnb ROI: N/A

Traditional ROI: 5.58%

1453 NE KENNA DR

Hermiston, OR

3 beds | 2 baths | 1,296 sq.ft.

$329,000

Airbnb cash on cash: 7.07%

Traditional cash on cash: 7.39%

Airbnb Rental Income: $3750

Traditional Rental Income: $3034

Airbnb ROI: 7.07%

Traditional ROI: 7.39%

1020 SW 19TH CT

Hermiston, OR

4 beds | 2 baths | 2,203 sq.ft.

$499,990

Airbnb cash on cash: N/A

Traditional cash on cash: 5.12%

Airbnb Rental Income: $null

Traditional Rental Income: $3451

Airbnb ROI: N/A

Traditional ROI: 5.12%

1026 NE EMERALD DR

Hermiston, OR

2 beds | 1 baths | 1,001 sq.ft.

$209,900

Airbnb cash on cash: 8.34%

Traditional cash on cash: 9.52%

Airbnb Rental Income: $2613

Traditional Rental Income: $2223

Airbnb ROI: 8.34%

Traditional ROI: 9.52%

1003 SW OLIVE CT

Hermiston, OR

4 beds | 2 baths | 2,214 sq.ft.

$455,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.28%

Airbnb Rental Income: $null

Traditional Rental Income: $2377

Airbnb ROI: N/A