Real Estate Investment Properties for Sale in Happy Valley, OR

Looking for investment property in Happy Valley, OR with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
8932 SE Bristol Park Dr Happy Valley, OR Amazing location with views of the valley in Altamont. Original wood flooring throughout m...	4 beds \| 2 baths \| 2,685 sq.ft.	$695,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 3.47% Airbnb Rental Income: $3566 Traditional Rental Income: $3697 Airbnb ROI: 2.06% Traditional ROI: 3.47%
14687 SE Pebble Beach Dr Happy Valley, OR Custom built Happy Valley home w/ a grand vaulted entry, gourmet kitchen w/ slab granite c...	3 beds \| 3 baths \| 3,992 sq.ft.	$879,999	Airbnb cash on cash: -0.08% Traditional cash on cash: 1.7% Airbnb Rental Income: $2313 Traditional Rental Income: $3194 Airbnb ROI: -0.08% Traditional ROI: 1.7%
8512 SE Constance Dr Happy Valley, OR Stunning, high-quality home with custom touches and plenty of space to enjoy. Walk through...	4 beds \| 2 baths \| 3,984 sq.ft.	$924,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 2.35% Airbnb Rental Income: $3566 Traditional Rental Income: $4325 Airbnb ROI: 0.56% Traditional ROI: 2.35%
14764 SE Wallowa Way Happy Valley, OR Welcome home to this beautifully updated Craftsman offering the perfect blend of timeless ...	4 beds \| 2 baths \| 2,852 sq.ft.	$775,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 2.82% Airbnb Rental Income: $3566 Traditional Rental Income: $3720 Airbnb ROI: 1.52% Traditional ROI: 2.82%
0 SE Maple Hill Ln Happy Valley, OR 0 SE Maple Hill Ln, Happy Valley, OR 97086 \| Other	N/A beds \| N/A baths \| N/A	$289,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 2.93% Airbnb Rental Income: $1102 Traditional Rental Income: $1426 Airbnb ROI: 0.38% Traditional ROI: 2.93%
13550 SE Clatsop St Happy Valley, OR 13550 SE Clatsop St, Portland, OR 97086 \| Single Family Residential	4 beds \| 2 baths \| 3,070 sq.ft.	$820,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 1.35% Airbnb Rental Income: $3566 Traditional Rental Income: $2622 Airbnb ROI: 1.56% Traditional ROI: 1.35%
9385 SE Hamilton Ln Happy Valley, OR Beautifully maintained and privately situated home in desirable Lincoln Heights offers a t...	5 beds \| 4 baths \| 3,681 sq.ft.	$879,900	Airbnb cash on cash: 0.71% Traditional cash on cash: 1.94% Airbnb Rental Income: $3552 Traditional Rental Income: $3776 Airbnb ROI: 0.71% Traditional ROI: 1.94%
9380 SE Emmert View Ct Happy Valley, OR 9380 SE Emmert View Ct, Portland, OR 97086 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 4.61% Airbnb Rental Income: $1102 Traditional Rental Income: $1722 Airbnb ROI: 0.41% Traditional ROI: 4.61%
17114 SE Rhododendron St Happy Valley, OR Beautiful 5-bedroom, 3.5-bath home offering 3,060 square feet of thoughtfully designed liv...	5 beds \| 3 baths \| 3,060 sq.ft.	$619,900	Airbnb cash on cash: 4.04% Traditional cash on cash: 6.79% Airbnb Rental Income: $4644 Traditional Rental Income: $5269 Airbnb ROI: 4.04% Traditional ROI: 6.79%
8750 SE 155th Ave #28 Happy Valley, OR Tucked away in a peaceful, hidden community in Happy Valley, this gem offers quiet living ...	2 beds \| 2 baths \| 1,188 sq.ft.	$209,500	Airbnb cash on cash: 4.32% Traditional cash on cash: 10.54% Airbnb Rental Income: $1705 Traditional Rental Income: $2467 Airbnb ROI: 4.32% Traditional ROI: 10.54%
14822 SE Natalya St Happy Valley, OR This spacious Happy Valley home offers room for everyone and everything! Fresh new paint a...	5 beds \| 4 baths \| 4,624 sq.ft.	$799,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 3.62% Airbnb Rental Income: $3552 Traditional Rental Income: $4001 Airbnb ROI: 1.97% Traditional ROI: 3.62%
8321 SE Gray St Happy Valley, OR 8321 SE Gray St, Portland, OR 97086 \| Single Family Residential	3 beds \| 1 baths \| 1,186 sq.ft.	$400,000	Airbnb cash on cash: 2.43% Traditional cash on cash: 2.75% Airbnb Rental Income: $2313 Traditional Rental Income: $1861 Airbnb ROI: 2.43% Traditional ROI: 2.75%
9000 SE Con Battin Rd Happy Valley, OR 9000 SE Con Battin Rd, Portland, OR 97086 \| Other	3 beds \| 2 baths \| 1,233 sq.ft.	$380,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 0.06% Airbnb Rental Income: $2313 Traditional Rental Income: $815 Airbnb ROI: 2.65% Traditional ROI: 0.06%
The 1857 Plan Happy Valley, OR The 1857 Plan, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 2 baths \| 1,857 sq.ft.	$654,960	Airbnb cash on cash: 2.44% Traditional cash on cash: 2.38% Airbnb Rental Income: $3566 Traditional Rental Income: $2747 Airbnb ROI: 2.44% Traditional ROI: 2.38%
The 2890 Plan Happy Valley, OR The 2890 Plan, Happy Valley, OR 97086 \| Single Family Residential	5 beds \| 3 baths \| 2,890 sq.ft.	$844,960	Airbnb cash on cash: 1.44% Traditional cash on cash: 2.65% Airbnb Rental Income: $3552 Traditional Rental Income: $3726 Airbnb ROI: 1.44% Traditional ROI: 2.65%
The 3317 Plan Happy Valley, OR The 3317 Plan, Happy Valley, OR 97086 \| Single Family Residential	5 beds \| 4 baths \| 3,317 sq.ft.	$859,960	Airbnb cash on cash: 1.38% Traditional cash on cash: 4.12% Airbnb Rental Income: $3552 Traditional Rental Income: $4964 Airbnb ROI: 1.38% Traditional ROI: 4.12%
The 1833 Plan Happy Valley, OR The 1833 Plan, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 2 baths \| 1,833 sq.ft.	$664,960	Airbnb cash on cash: 2.37% Traditional cash on cash: 2.21% Airbnb Rental Income: $3566 Traditional Rental Income: $2685 Airbnb ROI: 2.37% Traditional ROI: 2.21%
The 2096 Plan Happy Valley, OR The 2096 Plan, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 3 baths \| 2,096 sq.ft.	$744,961	Airbnb cash on cash: 1.91% Traditional cash on cash: 2.58% Airbnb Rental Income: $3566 Traditional Rental Income: $3251 Airbnb ROI: 1.91% Traditional ROI: 2.58%
The 2928 Plan Happy Valley, OR The 2928 Plan, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 3 baths \| 2,928 sq.ft.	$819,960	Airbnb cash on cash: 1.56% Traditional cash on cash: 2.74% Airbnb Rental Income: $3566 Traditional Rental Income: $3686 Airbnb ROI: 1.56% Traditional ROI: 2.74%
The 2366 Plan Happy Valley, OR The 2366 Plan, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 3 baths \| 2,366 sq.ft.	$737,460	Airbnb cash on cash: 1.95% Traditional cash on cash: 2.88% Airbnb Rental Income: $3566 Traditional Rental Income: $3424 Airbnb ROI: 1.95% Traditional ROI: 2.88%
The 1594 Plan Happy Valley, OR The 1594 Plan, Happy Valley, OR 97086 \| Single Family Residential	3 beds \| 2 baths \| 1,594 sq.ft.	$644,960	Airbnb cash on cash: 0.77% Traditional cash on cash: 2.13% Airbnb Rental Income: $2313 Traditional Rental Income: $2555 Airbnb ROI: 0.77% Traditional ROI: 2.13%
The 1670 Plan Happy Valley, OR The 1670 Plan, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 2 baths \| 1,670 sq.ft.	$629,960	Airbnb cash on cash: 2.61% Traditional cash on cash: 2.37% Airbnb Rental Income: $3566 Traditional Rental Income: $2643 Airbnb ROI: 2.61% Traditional ROI: 2.37%
The 2260 Plan Happy Valley, OR The 2260 Plan, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 3 baths \| 2,260 sq.ft.	$747,460	Airbnb cash on cash: 1.9% Traditional cash on cash: 2.66% Airbnb Rental Income: $3566 Traditional Rental Income: $3313 Airbnb ROI: 1.9% Traditional ROI: 2.66%
The 2038 Plan Happy Valley, OR The 2038 Plan, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 2 baths \| 2,038 sq.ft.	$664,960	Airbnb cash on cash: 2.37% Traditional cash on cash: 2.54% Airbnb Rental Income: $3566 Traditional Rental Income: $2887 Airbnb ROI: 2.37% Traditional ROI: 2.54%
The 3370 Plan Happy Valley, OR The 3370 Plan, Happy Valley, OR 97086 \| Single Family Residential	6 beds \| 3 baths \| 3,370 sq.ft.	$849,960	Airbnb cash on cash: 1.42% Traditional cash on cash: 2.86% Airbnb Rental Income: $3552 Traditional Rental Income: $3915 Airbnb ROI: 1.42% Traditional ROI: 2.86%
8725 SE 91st Ave Happy Valley, OR 8725 SE 91st Ave, Happy Valley, OR 97086 \| Multi Family	7 beds \| N/A baths \| 4,100 sq.ft.	$989,500	Airbnb cash on cash: 0.96% Traditional cash on cash: 0.56% Airbnb Rental Income: $3566 Traditional Rental Income: $2418 Airbnb ROI: 0.96% Traditional ROI: 0.56%
16710 SE Multnomah Falls Dr Lot 812 Happy Valley, OR TA Liesy Home is back building in Happy Valley. Don't wait to expirence this amazing home ...	4 beds \| 2 baths \| 2,570 sq.ft.	$849,900	Airbnb cash on cash: 2.08% Traditional cash on cash: 3.63% Airbnb Rental Income: $3566 Traditional Rental Income: $4008 Airbnb ROI: 2.08% Traditional ROI: 3.63%
16722 SE Multnomah Falls Dr Lot 811 Happy Valley, OR TA Liesy Homes is back building in Happy Valley. don't wait to experience this amazing hom...	4 beds \| 3 baths \| 2,793 sq.ft.	$889,900	Airbnb cash on cash: 1.94% Traditional cash on cash: 3.6% Airbnb Rental Income: $3566 Traditional Rental Income: $4154 Airbnb ROI: 1.94% Traditional ROI: 3.6%
17194 SE Rhododendron St Happy Valley, OR Immaculate 5-Bedroom Home in Happy Valley! Corner lot nestled in the heart of Happy Valley...	5 beds \| 3 baths \| 2,506 sq.ft.	$599,888	Airbnb cash on cash: 4.31% Traditional cash on cash: 4.49% Airbnb Rental Income: $4644 Traditional Rental Income: $3781 Airbnb ROI: 4.31% Traditional ROI: 4.49%
10316 SE Bristol Ct Happy Valley, OR 10316 SE Bristol Ct, Happy Valley, OR 97086 \| Condo/Coop	4 beds \| 2 baths \| 2,467 sq.ft.	$645,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 1.59% Airbnb Rental Income: $3566 Traditional Rental Income: $3053 Airbnb ROI: 1.15% Traditional ROI: 1.59%
16698 SE Multnomah Falls Dr Lot 813 Happy Valley, OR TA Liesy Homes is back building in Happy Valley. Don't wait to experience this amazing hom...	4 beds \| 3 baths \| 2,961 sq.ft.	$889,900	Airbnb cash on cash: 1.94% Traditional cash on cash: 3.66% Airbnb Rental Income: $3566 Traditional Rental Income: $4205 Airbnb ROI: 1.94% Traditional ROI: 3.66%
16691 SE Multnomah Falls Dr Happy Valley, OR 16691 SE Multnomah Falls Dr, Happy Valley, OR 97086 \| Single Family Residential	3 beds \| 2 baths \| 1,711 sq.ft.	$669,900	Airbnb cash on cash: 0.44% Traditional cash on cash: 1.95% Airbnb Rental Income: $2313 Traditional Rental Income: $2714 Airbnb ROI: 0.44% Traditional ROI: 1.95%
16727 SE Multnomah Falls Dr Happy Valley, OR 16727 SE Multnomah Falls Dr, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 3 baths \| 2,350 sq.ft.	$732,900	Airbnb cash on cash: 1.83% Traditional cash on cash: 3.04% Airbnb Rental Income: $3566 Traditional Rental Income: $3613 Airbnb ROI: 1.83% Traditional ROI: 3.04%
8915 SE Con Battin Rd Happy Valley, OR 8915 SE Con Battin Rd, Happy Valley, OR 97086 \| Single Family Residential	2 beds \| 1 baths \| 884 sq.ft.	$475,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 1.51% Airbnb Rental Income: $1705 Traditional Rental Income: $1637 Airbnb ROI: 0.6% Traditional ROI: 1.51%
15102 SE Clatsop St Happy Valley, OR 15102 SE Clatsop St, Happy Valley, OR 97086 \| Single Family Residential	6 beds \| 2 baths \| 2,832 sq.ft.	$649,000	Airbnb cash on cash: 2.46% Traditional cash on cash: 3.43% Airbnb Rental Income: $3552 Traditional Rental Income: $3362 Airbnb ROI: 2.46% Traditional ROI: 3.43%
16348 SE Multnomah Falls Dr #820 Happy Valley, OR 16348 SE Multnomah Falls Dr #820, Happy Valley, OR 97086 \| Other	N/A beds \| N/A baths \| N/A	$299,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 0.13% Airbnb Rental Income: $1102 Traditional Rental Income: $784 Airbnb ROI: -0.06% Traditional ROI: 0.13%
16539 SE Multnomah Falls Dr Happy Valley, OR 16539 SE Multnomah Falls Dr, Happy Valley, OR 97086 \| Single Family Residential	3 beds \| 2 baths \| 1,711 sq.ft.	$698,400	Airbnb cash on cash: 0.41% Traditional cash on cash: 1.91% Airbnb Rental Income: $2313 Traditional Rental Income: $2715 Airbnb ROI: 0.41% Traditional ROI: 1.91%
16633 SE Multnomah Falls Dr Happy Valley, OR 16633 SE Multnomah Falls Dr, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 2 baths \| 2,306 sq.ft.	$733,400	Airbnb cash on cash: 1.82% Traditional cash on cash: 2.41% Airbnb Rental Income: $3566 Traditional Rental Income: $3185 Airbnb ROI: 1.82% Traditional ROI: 2.41%
16703 SE Multnomah Falls Dr Happy Valley, OR 16703 SE Multnomah Falls Dr, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 3 baths \| 2,341 sq.ft.	$731,900	Airbnb cash on cash: 1.98% Traditional cash on cash: 3.2% Airbnb Rental Income: $3566 Traditional Rental Income: $3619 Airbnb ROI: 1.98% Traditional ROI: 3.2%
9431 SE Ridgecrest Ct Happy Valley, OR 9431 SE Ridgecrest Ct, Happy Valley, OR 97086 \| Other	N/A beds \| N/A baths \| N/A	$799,900	Airbnb cash on cash: -1.11% Traditional cash on cash: -1.04% Airbnb Rental Income: $1102 Traditional Rental Income: $784 Airbnb ROI: -1.11% Traditional ROI: -1.04%

Real Estate investment in Happy-valley, OR

There are 140 properties for sale in the city of Happy Valley . The median list price in Happy Valley is $674,596 and the average price per square foot is $275. In September 2026, the average monthly cash on cash return in Happy Valley is 3.00%. The average monthly rental income in Happy Valley is $3,185.

Happy-valley, OR Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 140 investment properties available for sale in Happy-valley.

In 2026, the best neighborhood to buy investment property is Happy Valley.

The ROI for Long-Term is higher than the Short-Term in Happy-valley with average rental income of $3,185.

Your search for investment property begins and ends here

Investment Property for Sale in Happy Valley, OR

8932 SE Bristol Park Dr

Happy Valley, OR

4 beds | 2 baths | 2,685 sq.ft.

$695,000

Airbnb cash on cash: 2.06%

Traditional cash on cash: 3.47%

Airbnb Rental Income: $3566

Traditional Rental Income: $3697

Airbnb ROI: 2.06%

Traditional ROI: 3.47%

14687 SE Pebble Beach Dr

Happy Valley, OR

3 beds | 3 baths | 3,992 sq.ft.

$879,999

Airbnb cash on cash: -0.08%

Traditional cash on cash: 1.7%

Airbnb Rental Income: $2313

Traditional Rental Income: $3194

Airbnb ROI: -0.08%

Traditional ROI: 1.7%

8512 SE Constance Dr

Happy Valley, OR

4 beds | 2 baths | 3,984 sq.ft.

$924,900

Airbnb cash on cash: 0.56%

Traditional cash on cash: 2.35%

Airbnb Rental Income: $3566

Traditional Rental Income: $4325

Airbnb ROI: 0.56%

Traditional ROI: 2.35%

14764 SE Wallowa Way

Happy Valley, OR

4 beds | 2 baths | 2,852 sq.ft.

$775,000

Airbnb cash on cash: 1.52%

Traditional cash on cash: 2.82%

Airbnb Rental Income: $3566

Traditional Rental Income: $3720

Airbnb ROI: 1.52%

Traditional ROI: 2.82%

0 SE Maple Hill Ln

Happy Valley, OR

N/A beds | N/A baths | N/A

$289,000

Airbnb cash on cash: 0.38%

Traditional cash on cash: 2.93%

Airbnb Rental Income: $1102

Traditional Rental Income: $1426

Airbnb ROI: 0.38%

Traditional ROI: 2.93%

13550 SE Clatsop St

Happy Valley, OR

4 beds | 2 baths | 3,070 sq.ft.

$820,000

Airbnb cash on cash: 1.56%

Traditional cash on cash: 1.35%

Airbnb Rental Income: $3566

Traditional Rental Income: $2622

Airbnb ROI: 1.56%

Traditional ROI: 1.35%

9385 SE Hamilton Ln

Happy Valley, OR

5 beds | 4 baths | 3,681 sq.ft.

$879,900

Airbnb cash on cash: 0.71%

Traditional cash on cash: 1.94%

Airbnb Rental Income: $3552

Traditional Rental Income: $3776

Airbnb ROI: 0.71%

Traditional ROI: 1.94%

9380 SE Emmert View Ct

Happy Valley, OR

N/A beds | N/A baths | N/A

$249,900

Airbnb cash on cash: 0.41%

Traditional cash on cash: 4.61%

Airbnb Rental Income: $1102

Traditional Rental Income: $1722

Airbnb ROI: 0.41%