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
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.	$968,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 2.68% Airbnb Rental Income: $3000 Traditional Rental Income: $4105 Airbnb ROI: 0.69% Traditional ROI: 2.68%
269 Draper St NE Salem, OR First time home buyers, this home is move in ready! Country kitchen w/ white cabinets, upd...	3 beds \| 1 baths \| 1,538 sq.ft.	$370,000	Airbnb cash on cash: 4.82% Traditional cash on cash: 5.09% Airbnb Rental Income: $2986 Traditional Rental Income: $2393 Airbnb ROI: 4.82% Traditional ROI: 5.09%
638 Salem Heights Av S Salem, OR Beautiful one level Condominium at Villa Candalaria! Well maintained 3 bedroom 2 bath home...	3 beds \| 2 baths \| 1,346 sq.ft.	$339,900	Airbnb cash on cash: 6.22% Traditional cash on cash: 6.99% Airbnb Rental Income: $3531 Traditional Rental Income: $2999 Airbnb ROI: 6.22% Traditional ROI: 6.99%
2045 Lee St SE Salem, OR Cozy cottage nestled in the heart of Salem! With mature fruit trees and a fully fenced fro...	1 beds \| 1 baths \| 930 sq.ft.	$299,900	Airbnb cash on cash: 4.49% Traditional cash on cash: 4.86% Airbnb Rental Income: $2409 Traditional Rental Income: $1922 Airbnb ROI: 4.49% Traditional ROI: 4.86%
5647 Seeger Ln SE Salem, OR Accepted Offer with Contingencies. Don't just save this, come and see it! 2018 masterpiece...	3 beds \| 3 baths \| 2,279 sq.ft.	$499,900	Airbnb cash on cash: 3.24% Traditional cash on cash: 6.12% Airbnb Rental Income: $3417 Traditional Rental Income: $4007 Airbnb ROI: 3.24% Traditional ROI: 6.12%
1080 Denise St SE Salem, OR Meticulously maintained single-story home on a corner lot in South Salem. This home offers...	3 beds \| 1 baths \| 1,008 sq.ft.	$374,900	Airbnb cash on cash: 5.48% Traditional cash on cash: 4.49% Airbnb Rental Income: $3466 Traditional Rental Income: $2352 Airbnb ROI: 5.48% Traditional ROI: 4.49%
1870 High St SE Salem, OR This beautifully updated home features new HVAC, updated kitchen, bathrooms, and laundry. ...	4 beds \| 2 baths \| 2,188 sq.ft.	$529,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.96% Airbnb Rental Income: $null Traditional Rental Income: $4005 Airbnb ROI: N/A Traditional ROI: 5.96%
470 Wormwood St SE Salem, OR Well maintained single level in desirable Sumpter Neighborhood a block from Sumpter Elemen...	3 beds \| 2 baths \| 1,219 sq.ft.	$409,900	Airbnb cash on cash: 4.79% Traditional cash on cash: 4.52% Airbnb Rental Income: $3417 Traditional Rental Income: $2555 Airbnb ROI: 4.79% Traditional ROI: 4.52%
7184 Battle Creek Rd SE Salem, OR WELCOME HOME...Ordinary houses are for ordinary people. See what makes this house extraord...	3 beds \| 3 baths \| 2,669 sq.ft.	$725,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 4% Airbnb Rental Income: $3466 Traditional Rental Income: $3831 Airbnb ROI: 2.33% Traditional ROI: 4%
1921 SPICETREE LN Salem, OR Welcome to this spacious single level home in the sought after Cinnamonwood Estates in Sou...	3 beds \| 2 baths \| 2,016 sq.ft.	$539,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 3.64% Airbnb Rental Income: $3466 Traditional Rental Income: $3185 Airbnb ROI: 2.67% Traditional ROI: 3.64%
840 Sahalee Ct SE Salem, OR Appraisal in hand! Enjoy panoramic views from the dining room. Indulge in built-in cabinet...	3 beds \| 4 baths \| 3,968 sq.ft.	$1,450,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 0.66% Airbnb Rental Income: $3466 Traditional Rental Income: $3840 Airbnb ROI: -0.18% Traditional ROI: 0.66%
1417 Orchard Heights Rd NW Salem, OR Welcome to your European inspired homestead just moments away from city conveniences. This...	4 beds \| 4 baths \| 4,097 sq.ft.	$899,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.09% Airbnb Rental Income: $null Traditional Rental Income: $4216 Airbnb ROI: N/A Traditional ROI: 3.09%
1977 Hawksview Av SE Salem, OR Accepted Offer with Contingencies. INVESTORS AND FIRST TIME HOME BUYERS! Modern 2021-built...	2 beds \| 3 baths \| 1,188 sq.ft.	$349,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 5.87% Airbnb Rental Income: $2293 Traditional Rental Income: $2693 Airbnb ROI: 2.91% Traditional ROI: 5.87%
3973 Cousteau Dr SE Salem, OR Wonderful Pringle Creek Community and Energy efficient home! This two-level home features ...	1 beds \| 2 baths \| 546 sq.ft.	$269,900	Airbnb cash on cash: 4.11% Traditional cash on cash: 6.43% Airbnb Rental Income: $2189 Traditional Rental Income: $2225 Airbnb ROI: 4.11% Traditional ROI: 6.43%
591 Timber View St NW Salem, OR This stunning custom home is located on a cul-de-sac with park like setting. Custom featur...	4 beds \| 3 baths \| 2,550 sq.ft.	$635,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.26% Airbnb Rental Income: $null Traditional Rental Income: $3785 Airbnb ROI: N/A Traditional ROI: 4.26%
5206 49th Av NE Salem, OR This home is better than new. The owners added UGS, central AC, window coverings, and fenc...	4 beds \| 3 baths \| 2,670 sq.ft.	$560,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 5.14% Airbnb Rental Income: $3023 Traditional Rental Income: $3850 Airbnb ROI: 2.23% Traditional ROI: 5.14%
2033 Lockhart Dr NW Salem, OR More photo coming soon. Charming one-level home with RV parking on the edge of town! This ...	3 beds \| 2 baths \| 1,656 sq.ft.	$450,000	Airbnb cash on cash: 3.45% Traditional cash on cash: 5.23% Airbnb Rental Income: $3000 Traditional Rental Income: $3064 Airbnb ROI: 3.45% Traditional ROI: 5.23%
7682 Macleay Rd SE Salem, OR Peaceful country setting within city limits. 2.87 acres- one story home 3 bedrooms, 2 bath...	3 beds \| 3 baths \| 1,928 sq.ft.	$750,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 1.92% Airbnb Rental Income: $3481 Traditional Rental Income: $2596 Airbnb ROI: 2.08% Traditional ROI: 1.92%
4714 Gray Av NE Salem, OR New & Vacant! This house already has a fenced yard, backyard Landscaping w/sprinklers syst...	4 beds \| 3 baths \| 1,918 sq.ft.	$474,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.84% Airbnb Rental Income: $null Traditional Rental Income: $3607 Airbnb ROI: N/A Traditional ROI: 5.84%
514 Creekside Dr SE Salem, OR Beautiful SINGLE LEVEL 3-bedroom, 2-bath home with stunning golf course views from the dec...	3 beds \| 2 baths \| 1,787 sq.ft.	$579,000	Airbnb cash on cash: 2.69% Traditional cash on cash: 4.37% Airbnb Rental Income: $3466 Traditional Rental Income: $3609 Airbnb ROI: 2.69% Traditional ROI: 4.37%
1349 THUNDERBIRD AVE Salem, OR PRICE DROP $64,900. Christmas Bounce most Furniture is included Free. Enjoy this beautiful...	4 beds \| 3 baths \| 2,956 sq.ft.	$684,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.62% Airbnb Rental Income: $null Traditional Rental Income: $4347 Airbnb ROI: N/A Traditional ROI: 4.62%
3346 Fir Tree Dr SE Salem, OR Accepted Offer with Contingencies. Nestled in desirable S Salem, this charming home sits o...	3 beds \| 3 baths \| 2,821 sq.ft.	$975,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 2.68% Airbnb Rental Income: $3466 Traditional Rental Income: $4023 Airbnb ROI: 1.22% Traditional ROI: 2.68%
1117 6th (-1119) St NW Salem, OR Newly completely remodeled duplex on double lot! Front unit has 4 bedrooms (downstairs can...	6 beds \| 4 baths \| 2,989 sq.ft.	$705,000	Airbnb cash on cash: 1.66% Traditional cash on cash: 5.38% Airbnb Rental Income: $3000 Traditional Rental Income: $4758 Airbnb ROI: 1.66% Traditional ROI: 5.38%
6743 Devon Av SE Salem, OR Single story living at its finest! Separate primary suite features double vanity and huge ...	3 beds \| 2 baths \| 1,638 sq.ft.	$599,900	Airbnb cash on cash: 0.31% Traditional cash on cash: 1.6% Airbnb Rental Income: $3466 Traditional Rental Income: $3420 Airbnb ROI: 0.31% Traditional ROI: 1.6%
4228 Rosetta Ln SE Salem, OR Fantastic Opportunity! Upgraded Home in 23-24. Open floor plan with all new features. Pe...	3 beds \| 2 baths \| 1,640 sq.ft.	$393,900	Airbnb cash on cash: 4.3% Traditional cash on cash: 7.84% Airbnb Rental Income: $2903 Traditional Rental Income: $3540 Airbnb ROI: 4.3% Traditional ROI: 7.84%
972 Sahalee Ct SE Salem, OR Luxury townhome w/ territorial & golf course views located at The Pointe @ Creekside. 2921...	3 beds \| 3 baths \| 2,921 sq.ft.	$569,900	Airbnb cash on cash: 2.49% Traditional cash on cash: 4.89% Airbnb Rental Income: $3466 Traditional Rental Income: $3977 Airbnb ROI: 2.49% Traditional ROI: 4.89%
455 Columbia St NE Salem, OR SELLER IS WILLING TO NEGOTIATE BUYER CONCESSIONS! Move-in ready. New roof, appliances, ran...	4 beds \| 2 baths \| 2,498 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.97% Airbnb Rental Income: $null Traditional Rental Income: $4207 Airbnb ROI: N/A Traditional ROI: 7.97%
4646 Lords Ct NE Salem, OR Nestled on a serene cul-de-sac, this inviting 3-bed/1-bath home offers a perfect blend of ...	3 beds \| 1 baths \| 1,066 sq.ft.	$365,000	Airbnb cash on cash: 4.72% Traditional cash on cash: 3.93% Airbnb Rental Income: $2986 Traditional Rental Income: $2030 Airbnb ROI: 4.72% Traditional ROI: 3.93%
6743 Devon ST Salem, OR Single story living at its finest! Separate Master Suite features double vanity and huge w...	3 beds \| 2 baths \| 1,638 sq.ft.	$625,000	Airbnb cash on cash: 2.32% Traditional cash on cash: 3.65% Airbnb Rental Income: $3339 Traditional Rental Income: $3369 Airbnb ROI: 2.32% Traditional ROI: 3.65%
1990 Fairmount Av S Salem, OR Beautifully renovated 3 bedroom Fairmount Hill home with 1 bedroom Guest House. Enjoy the ...	3 beds \| 4 baths \| 2,263 sq.ft.	$554,900	Airbnb cash on cash: 2.83% Traditional cash on cash: 5.75% Airbnb Rental Income: $3486 Traditional Rental Income: $4230 Airbnb ROI: 2.83% Traditional ROI: 5.75%
1654 Rodgers Creek Ln S Salem, OR OPEN TODAY JANUARY 20 12-2 PM!!! Private and peaceful property close in. STUNNING Garde...	3 beds \| 2 baths \| 1,720 sq.ft.	$825,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 2.94% Airbnb Rental Income: $3466 Traditional Rental Income: $3541 Airbnb ROI: 1.85% Traditional ROI: 2.94%
10685 OAK DR Salem, OR With Full price accepted offer, seller to gift buyer a Custom Collector's 1960's El Camin...	3 beds \| 3 baths \| 3,689 sq.ft.	$1,400,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 1.16% Airbnb Rental Income: $3466 Traditional Rental Income: $3625 Airbnb ROI: 0.45% Traditional ROI: 1.16%
2105 church St NE Salem, OR Back on Market this could be your opportunity with the property, no fault on seller. Nestl...	3 beds \| 3 baths \| 1,872 sq.ft.	$360,000	Airbnb cash on cash: 3.59% Traditional cash on cash: 9.56% Airbnb Rental Income: $2547 Traditional Rental Income: $3949 Airbnb ROI: 3.59% Traditional ROI: 9.56%
2221 Shiloh SE Ct Salem, OR Accepted Offer with Contingencies. Wonderful 5bed/3bath home situated on a quite cul-de-sa...	5 beds \| 3 baths \| 3,110 sq.ft.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.11% Airbnb Rental Income: $null Traditional Rental Income: $3138 Airbnb ROI: N/A Traditional ROI: 3.11%
1625 Corina Dr SE Salem, OR Move-in Ready! schedule your showing today.This spacious and beautifully maintained living...	4 beds \| 3 baths \| 2,948 sq.ft.	$550,000	Airbnb cash on cash: 7.21% Traditional cash on cash: 6.53% Airbnb Rental Income: $5948 Traditional Rental Income: $4418 Airbnb ROI: 7.21% Traditional ROI: 6.53%
3733 GALLOWAY ST Salem, OR A lot of Livin' to do and lots of room for it in this 3102 Sq Fthome. This home has been i...	4 beds \| 3 baths \| 3,102 sq.ft.	$637,500	Airbnb cash on cash: N/A Traditional cash on cash: 4% Airbnb Rental Income: $null Traditional Rental Income: $3818 Airbnb ROI: N/A Traditional ROI: 4%
631 Kingwood Dr NW Salem, OR Accepted Offer with Contingencies. Stunning view of mountains and city lights! In secluded...	4 beds \| 2 baths \| 2,552 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.91% Airbnb Rental Income: $null Traditional Rental Income: $3781 Airbnb ROI: N/A Traditional ROI: 5.91%
606 Salem Heights Av S Salem, OR Lovely condo in Picturesque Villa Candalaria neighborhood. Tucked away in South Salem Hill...	3 beds \| 2 baths \| 1,872 sq.ft.	$369,900	Airbnb cash on cash: 5.48% Traditional cash on cash: 3.89% Airbnb Rental Income: $3531 Traditional Rental Income: $2199 Airbnb ROI: 5.48% Traditional ROI: 3.89%
4061 Hawthorne Av NE Salem, OR Discover the perfect blend of style, practicality, and opportunity at 4061 Hawthorne Ave N...	3 beds \| 2 baths \| 1,185 sq.ft.	$420,000	Airbnb cash on cash: 3.5% Traditional cash on cash: 3.48% Airbnb Rental Income: $2772 Traditional Rental Income: $2113 Airbnb ROI: 3.5% Traditional ROI: 3.48%
3250 Earhart St S Salem, OR New construction to be built by Celtic Homes LLC (CCB# 200095) w/ Prim. BR on the main lvl...	4 beds \| 3 baths \| 2,548 sq.ft.	$749,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.82% Airbnb Rental Income: $null Traditional Rental Income: $4191 Airbnb ROI: N/A Traditional ROI: 4.82%

Real Estate investment in Salem, OR

There are 191 properties for sale in the city of Salem . The median list price in Salem is $497,450 and the average price per square foot is $163. In January 2025, the average monthly cash on cash return in Salem is 5.00%. The average monthly rental income in Salem is $3,457.

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

There are 191 investment properties available for sale in Salem.

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

The ROI for Long-Term is higher than the Short-Term in Salem with average rental income of $3,457.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, OR

2334 Doaks Ferry Rd NW

Salem, OR

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

$968,000

Airbnb cash on cash: 0.69%

Traditional cash on cash: 2.68%

Airbnb Rental Income: $3000

Traditional Rental Income: $4105

Airbnb ROI: 0.69%

Traditional ROI: 2.68%

269 Draper St NE

Salem, OR

3 beds | 1 baths | 1,538 sq.ft.

$370,000

Airbnb cash on cash: 4.82%

Traditional cash on cash: 5.09%

Airbnb Rental Income: $2986

Traditional Rental Income: $2393

Airbnb ROI: 4.82%

Traditional ROI: 5.09%

638 Salem Heights Av S

Salem, OR

3 beds | 2 baths | 1,346 sq.ft.

$339,900

Airbnb cash on cash: 6.22%

Traditional cash on cash: 6.99%

Airbnb Rental Income: $3531

Traditional Rental Income: $2999

Airbnb ROI: 6.22%

Traditional ROI: 6.99%

2045 Lee St SE

Salem, OR

1 beds | 1 baths | 930 sq.ft.

$299,900

Airbnb cash on cash: 4.49%

Traditional cash on cash: 4.86%

Airbnb Rental Income: $2409

Traditional Rental Income: $1922

Airbnb ROI: 4.49%

Traditional ROI: 4.86%

5647 Seeger Ln SE

Salem, OR

3 beds | 3 baths | 2,279 sq.ft.

$499,900

Airbnb cash on cash: 3.24%

Traditional cash on cash: 6.12%

Airbnb Rental Income: $3417

Traditional Rental Income: $4007

Airbnb ROI: 3.24%

Traditional ROI: 6.12%

1080 Denise St SE

Salem, OR

3 beds | 1 baths | 1,008 sq.ft.

$374,900

Airbnb cash on cash: 5.48%

Traditional cash on cash: 4.49%

Airbnb Rental Income: $3466

Traditional Rental Income: $2352

Airbnb ROI: 5.48%

Traditional ROI: 4.49%

1870 High St SE

Salem, OR

4 beds | 2 baths | 2,188 sq.ft.

$529,999

Airbnb cash on cash: N/A

Traditional cash on cash: 5.96%

Airbnb Rental Income: $null

Traditional Rental Income: $4005

Airbnb ROI: N/A

Traditional ROI: 5.96%

470 Wormwood St SE

Salem, OR

3 beds | 2 baths | 1,219 sq.ft.

$409,900

Airbnb cash on cash: 4.79%

Traditional cash on cash: 4.52%

Airbnb Rental Income: $3417

Traditional Rental Income: $2555

Airbnb ROI: 4.79%