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
1323 Alpine Lakes St SE Salem, OR Accepted Offer with Contingencies. This meticulously maintained two-story home features 4 ...	4 beds \| 3 baths \| 2,174 sq.ft.	$443,000	Airbnb cash on cash: 9.21% Traditional cash on cash: 7.07% Airbnb Rental Income: $5898 Traditional Rental Income: $3839 Airbnb ROI: 9.21% Traditional ROI: 7.07%
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: N/A Traditional cash on cash: 2.68% Airbnb Rental Income: $null Traditional Rental Income: $4105 Airbnb ROI: N/A 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.	$379,000	Airbnb cash on cash: 6.4% Traditional cash on cash: 4.95% Airbnb Rental Income: $3717 Traditional Rental Income: $2393 Airbnb ROI: 6.4% Traditional ROI: 4.95%
730 THOMPSON AVE Salem, OR Huge price reduction. house may qualify for Umpqua bank buyers assistance call for details...	2 beds \| 1 baths \| 903 sq.ft.	$333,000	Airbnb cash on cash: 6.15% Traditional cash on cash: 4.24% Airbnb Rental Income: $3276 Traditional Rental Income: $1942 Airbnb ROI: 6.15% Traditional ROI: 4.24%
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.	$349,900	Airbnb cash on cash: 6.59% Traditional cash on cash: 6.76% Airbnb Rental Income: $3756 Traditional Rental Income: $2999 Airbnb ROI: 6.59% Traditional ROI: 6.76%
5647 Seeger Ln SE Salem, OR Don't just save this, come and see it! 2018 masterpiece is ready to be cherished! Featurin...	3 beds \| 3 baths \| 2,279 sq.ft.	$499,900	Airbnb cash on cash: 2.86% Traditional cash on cash: 6.12% Airbnb Rental Income: $3203 Traditional Rental Income: $4007 Airbnb ROI: 2.86% Traditional ROI: 6.12%
4734 Bradford Lp SE Salem, OR Cambridge Woods on .32 ac lot - 2 separate parcels. A Tom Wheeler built home that backs...	3 beds \| 3 baths \| 2,531 sq.ft.	$599,900	Airbnb cash on cash: 3.82% Traditional cash on cash: 4.77% Airbnb Rental Income: $4430 Traditional Rental Income: $4031 Airbnb ROI: 3.82% Traditional ROI: 4.77%
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.	$549,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.72% Airbnb Rental Income: $null Traditional Rental Income: $4005 Airbnb ROI: N/A Traditional ROI: 5.72%
3781 Shropshire Wy S Salem, OR The Original Illahe Golf Club Lodge has evolved through the years into a distinctive famil...	5 beds \| 5 baths \| 7,943 sq.ft.	$2,400,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.81% Airbnb Rental Income: $null Traditional Rental Income: $5790 Airbnb ROI: N/A Traditional ROI: 0.81%
945 15th St NE Salem, OR Accepted Offer with Contingencies. Charming and centrally located for your convenience, th...	2 beds \| 1 baths \| 1,066 sq.ft.	$349,900	Airbnb cash on cash: 5.7% Traditional cash on cash: 4.44% Airbnb Rental Income: $3276 Traditional Rental Income: $2128 Airbnb ROI: 5.7% Traditional ROI: 4.44%
7184 Battle Creek Rd SE Salem, OR WELCOME HOME... Ordinary houses are for ordinary people. See what makes this house extraor...	3 beds \| 3 baths \| 2,669 sq.ft.	$735,000	Airbnb cash on cash: 3.04% Traditional cash on cash: 3.93% Airbnb Rental Income: $4092 Traditional Rental Income: $3831 Airbnb ROI: 3.04% Traditional ROI: 3.93%
3077 Wallace Rd NW Salem, OR Accepted Offer with Contingencies. Back on market at no fault of home or sellers. Welcome ...	5 beds \| 3 baths \| 2,792 sq.ft.	$449,000	Airbnb cash on cash: 9.82% Traditional cash on cash: 8.09% Airbnb Rental Income: $6256 Traditional Rental Income: $4298 Airbnb ROI: 9.82% Traditional ROI: 8.09%
2854 Rocky Ridge Av SE Salem, OR Welcome to this beautiful 3-bedroom, 2.5-bathroom home. This lovely property boasts a gas ...	3 beds \| 3 baths \| 1,897 sq.ft.	$485,000	Airbnb cash on cash: 4.8% Traditional cash on cash: 3.78% Airbnb Rental Income: $4092 Traditional Rental Income: $2759 Airbnb ROI: 4.8% Traditional ROI: 3.78%
780 Thompson Av NE Salem, OR Welcome to this beautifully maintained home that seamlessly blends classic charm with mode...	2 beds \| 1 baths \| 720 sq.ft.	$309,000	Airbnb cash on cash: 6.75% Traditional cash on cash: 5.11% Airbnb Rental Income: $3276 Traditional Rental Income: $2064 Airbnb ROI: 6.75% Traditional ROI: 5.11%
5676 Horizon View St SE Salem, OR Accepted Offer with Contingencies. Welcome to 5676 Horizon View St SEâyour perfect blend...	4 beds \| 3 baths \| 2,456 sq.ft.	$630,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.66% Airbnb Rental Income: $null Traditional Rental Income: $4013 Airbnb ROI: N/A Traditional ROI: 4.66%
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: 0.2% Traditional cash on cash: 0.66% Airbnb Rental Income: $4092 Traditional Rental Income: $3840 Airbnb ROI: 0.2% Traditional ROI: 0.66%
831 Meadowlawn Dr SE Salem, OR Welcome Home to this oasis in the city! This updated ranch w/ fully separate living quarte...	4 beds \| 3 baths \| 2,682 sq.ft.	$540,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.46% Airbnb Rental Income: $null Traditional Rental Income: $4794 Airbnb ROI: N/A Traditional ROI: 7.46%
3431 Augusta National Dr S Salem, OR Accepted Offer with Contingencies. Rare find, 3 bedroom, one level golf course VIEW condo ...	3 beds \| 2 baths \| 1,772 sq.ft.	$699,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 2.89% Airbnb Rental Income: $3356 Traditional Rental Income: $3038 Airbnb ROI: 2.23% Traditional ROI: 2.89%
1417 Orchard Heights Rd NW Salem, OR Price improvement! Welcome to your European inspired homestead just moments away from city...	4 beds \| 4 baths \| 4,097 sq.ft.	$899,000	Airbnb cash on cash: 2.86% Traditional cash on cash: 3.09% Airbnb Rental Income: $5060 Traditional Rental Income: $4216 Airbnb ROI: 2.86% Traditional ROI: 3.09%
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: N/A Traditional cash on cash: 6.43% Airbnb Rental Income: $null Traditional Rental Income: $2225 Airbnb ROI: N/A Traditional ROI: 6.43%
2396 NW GRICE HILL DR Salem, OR Amazing home & property on Grice Hill Rd. Custom built 4 beds 2.5 baths, 3340SF home on 5....	4 beds \| 3 baths \| 3,330 sq.ft.	$1,050,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 2.21% Airbnb Rental Income: $5060 Traditional Rental Income: $3710 Airbnb ROI: 2.53% Traditional ROI: 2.21%
5718 Joynak St S Salem, OR Accepted Offer with Contingencies. Welcome home to this desirable S. Salem neighborhood. E...	3 beds \| 3 baths \| 1,635 sq.ft.	$385,000	Airbnb cash on cash: 4.62% Traditional cash on cash: 7.03% Airbnb Rental Income: $3203 Traditional Rental Income: $3353 Airbnb ROI: 4.62% Traditional ROI: 7.03%
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: 4.67% Traditional cash on cash: 4.26% Airbnb Rental Income: $5060 Traditional Rental Income: $3785 Airbnb ROI: 4.67% Traditional ROI: 4.26%
4515 Pennsylvania Av SE Salem, OR Accepted Offer with Contingencies. Welcome to 4515 Pennsylvania Ave SE, Salem â a perfec...	3 beds \| 1 baths \| 1,152 sq.ft.	$360,000	Airbnb cash on cash: 6.69% Traditional cash on cash: 4.41% Airbnb Rental Income: $3717 Traditional Rental Income: $2138 Airbnb ROI: 6.69% Traditional ROI: 4.41%
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.	$576,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.96% Airbnb Rental Income: $1948 Traditional Rental Income: $3850 Airbnb ROI: 0.48% Traditional ROI: 4.96%
4714 Gray Av NE Salem, OR Better then NEW! This house already has a fenced yard, backyard Landscaping w/sprinklers s...	4 beds \| 3 baths \| 1,918 sq.ft.	$484,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.7% Airbnb Rental Income: $null Traditional Rental Income: $3607 Airbnb ROI: N/A Traditional ROI: 5.7%
514 Creekside Dr SE Salem, OR This sought-after 3-bedroom, 2-bath charmer offers single-level living & stunning golf cou...	3 beds \| 2 baths \| 1,787 sq.ft.	$599,000	Airbnb cash on cash: 3.5% Traditional cash on cash: 4.19% Airbnb Rental Income: $4092 Traditional Rental Income: $3609 Airbnb ROI: 3.5% Traditional ROI: 4.19%
1349 THUNDERBIRD AVE Salem, OR Enjoy this beautiful custom modern home with views. Built by a custom builder and is an Ai...	4 beds \| 3 baths \| 2,956 sq.ft.	$699,148	Airbnb cash on cash: N/A Traditional cash on cash: 4.54% Airbnb Rental Income: $null Traditional Rental Income: $4347 Airbnb ROI: N/A Traditional ROI: 4.54%
4525 27th Av SE Salem, OR This cozy 3-bedroom, 2-bath home offers 1,145 sq. ft. of comfortable living space and sits...	3 beds \| 2 baths \| 1,145 sq.ft.	$529,900	Airbnb cash on cash: 4.19% Traditional cash on cash: 2.95% Airbnb Rental Income: $4430 Traditional Rental Income: $2890 Airbnb ROI: 4.19% Traditional ROI: 2.95%
3346 Fir Tree Dr SE Salem, OR A Bumpable Offer has Been Accepted. Nestled in desirable S Salem, this charming home sits ...	3 beds \| 3 baths \| 2,821 sq.ft.	$975,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 2.68% Airbnb Rental Income: $4092 Traditional Rental Income: $4023 Airbnb ROI: 1.8% Traditional ROI: 2.68%
6755 Devon Av SE Salem, OR Another quality built and very desirable spacious one level home in beautiful Affinity Est...	4 beds \| 2 baths \| 2,213 sq.ft.	$660,000	Airbnb cash on cash: 3.17% Traditional cash on cash: 2.27% Airbnb Rental Income: $5665 Traditional Rental Income: $3977 Airbnb ROI: 3.17% Traditional ROI: 2.27%
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.	$609,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 1.56% Airbnb Rental Income: $4092 Traditional Rental Income: $3420 Airbnb ROI: 1.21% Traditional ROI: 1.56%
6731 Devon Av SE Salem, OR Stunning single story located in Affinity Estates. This 3 bedroom, 2 bath open floor plan ...	3 beds \| 2 baths \| 1,913 sq.ft.	$599,900	Airbnb cash on cash: 1.25% Traditional cash on cash: 1.95% Airbnb Rental Income: $4092 Traditional Rental Income: $3614 Airbnb ROI: 1.25% Traditional ROI: 1.95%
4396 San Francisco Dr NE Salem, OR Home & Garden Show Perfection! Seller has updated and upgraded every detail! Truly a one l...	3 beds \| 2 baths \| 1,526 sq.ft.	$469,920	Airbnb cash on cash: 2.11% Traditional cash on cash: 5.29% Airbnb Rental Income: $2408 Traditional Rental Income: $3217 Airbnb ROI: 2.11% Traditional ROI: 5.29%
4228 Rosetta Ln SE Salem, OR Nothing to update here!! Upgraded Home has open floor plan with all new features includin...	3 beds \| 2 baths \| 1,640 sq.ft.	$395,000	Airbnb cash on cash: 4.26% Traditional cash on cash: 7.82% Airbnb Rental Income: $2892 Traditional Rental Income: $3540 Airbnb ROI: 4.26% Traditional ROI: 7.82%
3450 S CRESTVIEW DR Salem, OR Donât miss out on this fully updated single story sitting on a spacious .20 acres in Sou...	3 beds \| 2 baths \| 1,713 sq.ft.	$550,000	Airbnb cash on cash: 4% Traditional cash on cash: 5.38% Airbnb Rental Income: $3756 Traditional Rental Income: $3653 Airbnb ROI: 4% Traditional ROI: 5.38%
335 South Oak Grove Rd NW Salem, OR Vintage 1910 4 bedroom home with commercial quality 3,150 square foot outbuilding/shop loc...	4 beds \| 1 baths \| 1,602 sq.ft.	$549,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.28% Airbnb Rental Income: $null Traditional Rental Income: $2602 Airbnb ROI: N/A Traditional ROI: 3.28%
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: 3.47% Traditional cash on cash: 4.89% Airbnb Rental Income: $4092 Traditional Rental Income: $3977 Airbnb ROI: 3.47% 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.	$470,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.6% Airbnb Rental Income: $null Traditional Rental Income: $4207 Airbnb ROI: N/A Traditional ROI: 7.6%
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.	$359,900	Airbnb cash on cash: 6.6% Traditional cash on cash: 4% Airbnb Rental Income: $3717 Traditional Rental Income: $2030 Airbnb ROI: 6.6% Traditional ROI: 4%

Real Estate investment in Salem, OR

There are 261 properties for sale in the city of Salem . The median list price in Salem is $499,900 and the average price per square foot is $176. In November 2024, the average monthly cash on cash return in Salem is 5.00%. The average monthly rental income in Salem is $3,552.

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

There are 261 investment properties available for sale in Salem.

In 2024, 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 $3,552.

Your search for investment property begins and ends here

Investment Property for Sale in Salem, OR

1323 Alpine Lakes St SE

Salem, OR

4 beds | 3 baths | 2,174 sq.ft.

$443,000

Airbnb cash on cash: 9.21%

Traditional cash on cash: 7.07%

Airbnb Rental Income: $5898

Traditional Rental Income: $3839

Airbnb ROI: 9.21%

Traditional ROI: 7.07%

2334 Doaks Ferry Rd NW

Salem, OR

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

$968,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.68%

Airbnb Rental Income: $null

Traditional Rental Income: $4105

Airbnb ROI: N/A

Traditional ROI: 2.68%

269 Draper St NE

Salem, OR

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

$379,000

Airbnb cash on cash: 6.4%

Traditional cash on cash: 4.95%

Airbnb Rental Income: $3717

Traditional Rental Income: $2393

Airbnb ROI: 6.4%

Traditional ROI: 4.95%

730 THOMPSON AVE

Salem, OR

2 beds | 1 baths | 903 sq.ft.

$333,000

Airbnb cash on cash: 6.15%

Traditional cash on cash: 4.24%

Airbnb Rental Income: $3276

Traditional Rental Income: $1942

Airbnb ROI: 6.15%

Traditional ROI: 4.24%

638 Salem Heights Av S

Salem, OR

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

$349,900

Airbnb cash on cash: 6.59%

Traditional cash on cash: 6.76%

Airbnb Rental Income: $3756

Traditional Rental Income: $2999

Airbnb ROI: 6.59%

Traditional ROI: 6.76%

5647 Seeger Ln SE

Salem, OR

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

$499,900

Airbnb cash on cash: 2.86%

Traditional cash on cash: 6.12%

Airbnb Rental Income: $3203

Traditional Rental Income: $4007

Airbnb ROI: 2.86%

Traditional ROI: 6.12%

4734 Bradford Lp SE

Salem, OR

3 beds | 3 baths | 2,531 sq.ft.

$599,900

Airbnb cash on cash: 3.82%

Traditional cash on cash: 4.77%

Airbnb Rental Income: $4430

Traditional Rental Income: $4031

Airbnb ROI: 3.82%

Traditional ROI: 4.77%

1870 High St SE

Salem, OR

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

$549,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.72%

Airbnb Rental Income: $null

Traditional Rental Income: $4005

Airbnb ROI: N/A