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
14700 SE Clatsop St Happy Valley, OR Extensively remodeled beautiful colonial on approximately 46,000SF lot with sweeping mount...	4 beds \| 4 baths \| 4,270 sq.ft.	$1,399,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 2.89% Airbnb Rental Income: $3566 Traditional Rental Income: $6312 Airbnb ROI: 0.18% Traditional ROI: 2.89%
14985 SE Northern Heights Dr Happy Valley, OR Welcome to luxury living in Happy Valley's coveted Northern Heights community, where timel...	4 beds \| 2 baths \| 3,276 sq.ft.	$1,150,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 1.42% Airbnb Rental Income: $3566 Traditional Rental Income: $3960 Airbnb ROI: 0.32% Traditional ROI: 1.42%
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: -0.06% Traditional cash on cash: 1.7% Airbnb Rental Income: $2332 Traditional Rental Income: $3194 Airbnb ROI: -0.06% Traditional ROI: 1.7%
10209 SE Bristol Ln Happy Valley, OR Welcome to Graystone at Altamont, a beautifully maintained gated community in the hills of...	2 beds \| 2 baths \| 1,152 sq.ft.	$424,900	Airbnb cash on cash: -0.21% Traditional cash on cash: 2.88% Airbnb Rental Income: $1696 Traditional Rental Income: $2455 Airbnb ROI: -0.21% Traditional ROI: 2.88%
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%
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%
10258 SE Bristol Ln Happy Valley, OR Graystone at Altamont, Refined Elegance in Happy Valley! Classic in style, generous in spa...	2 beds \| 2 baths \| 1,379 sq.ft.	$465,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 1.38% Airbnb Rental Income: $1696 Traditional Rental Income: $1999 Airbnb ROI: -0.4% Traditional ROI: 1.38%
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: 0.7% Traditional cash on cash: 1.94% Airbnb Rental Income: $3537 Traditional Rental Income: $3776 Airbnb ROI: 0.7% 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%
8720 SE Clatsop St Happy Valley, OR Fantastic investment opportunity to own a former 4-space mini mobile home park in a highly...	6 beds \| N/A baths \| N/A	$639,900	Airbnb cash on cash: -0.64% Traditional cash on cash: 1.5% Airbnb Rental Income: $1102 Traditional Rental Income: $2004 Airbnb ROI: -0.64% Traditional ROI: 1.5%
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: 4.28% Traditional cash on cash: 10.54% Airbnb Rental Income: $1696 Traditional Rental Income: $2467 Airbnb ROI: 4.28% 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: 1.95% Traditional cash on cash: 3.62% Airbnb Rental Income: $3537 Traditional Rental Income: $4001 Airbnb ROI: 1.95% Traditional ROI: 3.62%
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: 2.7% Traditional cash on cash: 0.06% Airbnb Rental Income: $2332 Traditional Rental Income: $815 Airbnb ROI: 2.7% Traditional ROI: 0.06%
10148 SE Bristol Loop Happy Valley, OR NEW PRICE! HANDSOME CRAFTSMAN TOWNHOME in Graystone at Altamont.Tastefully updated thru ou...	3 beds \| 2 baths \| 2,819 sq.ft.	$620,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 3.73% Airbnb Rental Income: $2332 Traditional Rental Income: $4315 Airbnb ROI: -0.69% Traditional ROI: 3.73%
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: 1.42% Traditional cash on cash: 2.65% Airbnb Rental Income: $3537 Traditional Rental Income: $3726 Airbnb ROI: 1.42% 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: 1.36% Traditional cash on cash: 4.12% Airbnb Rental Income: $3537 Traditional Rental Income: $4964 Airbnb ROI: 1.36% 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: 0.8% Traditional cash on cash: 2.13% Airbnb Rental Income: $2332 Traditional Rental Income: $2555 Airbnb ROI: 0.8% 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: 1.4% Traditional cash on cash: 2.86% Airbnb Rental Income: $3537 Traditional Rental Income: $3915 Airbnb ROI: 1.4% 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: N/A Traditional cash on cash: 0.56% Airbnb Rental Income: $null Traditional Rental Income: $2418 Airbnb ROI: N/A 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%
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%
9460 SE JEANNE Rd Happy Valley, OR Pre-App completed with City of Happy Valley for an 18 Lot PUD. Choose your own adventure w...	4 beds \| 3 baths \| 2,497 sq.ft.	$1,670,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 1.21% Airbnb Rental Income: $3566 Traditional Rental Income: $4009 Airbnb ROI: 0.42% Traditional ROI: 1.21%
9460 SE Jeanne Rd #7200 Happy Valley, OR 9460 SE Jeanne Rd #7200, Happy Valley, OR 97086 \| Other	N/A beds \| N/A baths \| N/A	$1,670,000	Airbnb cash on cash: -1.55% Traditional cash on cash: -1.53% Airbnb Rental Income: $1102 Traditional Rental Income: $769 Airbnb ROI: -1.55% Traditional ROI: -1.53%
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%
8750 SE 155th Ave #22 Happy Valley, OR Experience the ultimate "cabin in the woods" lifestyle in this meticulously remodeled craf...	2 beds \| 2 baths \| 920 sq.ft.	$144,000	Airbnb cash on cash: 6.86% Traditional cash on cash: 10.59% Airbnb Rental Income: $1696 Traditional Rental Income: $1739 Airbnb ROI: 6.86% Traditional ROI: 10.59%
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.	$689,900	Airbnb cash on cash: 0.46% Traditional cash on cash: 1.95% Airbnb Rental Income: $2332 Traditional Rental Income: $2714 Airbnb ROI: 0.46% 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: 0.58% Traditional cash on cash: 1.51% Airbnb Rental Income: $1696 Traditional Rental Income: $1637 Airbnb ROI: 0.58% 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: 2.44% Traditional cash on cash: 3.43% Airbnb Rental Income: $3537 Traditional Rental Income: $3362 Airbnb ROI: 2.44% Traditional ROI: 3.43%
9743 SE Tenino Ct Happy Valley, OR Rare opportunity with VIEWS, flexible living, and expansion potential all in one property!...	5 beds \| 3 baths \| 3,000 sq.ft.	$625,000	Airbnb cash on cash: 2.28% Traditional cash on cash: 4.34% Airbnb Rental Income: $3537 Traditional Rental Income: $3961 Airbnb ROI: 2.28% Traditional ROI: 4.34%

Real Estate investment in Happy-valley, OR

There are 94 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 $273. In July 2026, the average monthly cash on cash return in Happy Valley is 3.00%. The average monthly rental income in Happy Valley is $3,119.

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

There are 94 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 $3,119.

Your search for investment property begins and ends here

Investment Property for Sale in Happy Valley, OR

14700 SE Clatsop St

Happy Valley, OR

4 beds | 4 baths | 4,270 sq.ft.

$1,399,000

Airbnb cash on cash: 0.18%

Traditional cash on cash: 2.89%

Airbnb Rental Income: $3566

Traditional Rental Income: $6312

Airbnb ROI: 0.18%

Traditional ROI: 2.89%

14985 SE Northern Heights Dr

Happy Valley, OR

4 beds | 2 baths | 3,276 sq.ft.

$1,150,000

Airbnb cash on cash: 0.32%

Traditional cash on cash: 1.42%

Airbnb Rental Income: $3566

Traditional Rental Income: $3960

Airbnb ROI: 0.32%

Traditional ROI: 1.42%

14687 SE Pebble Beach Dr

Happy Valley, OR

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

$879,999

Airbnb cash on cash: -0.06%

Traditional cash on cash: 1.7%

Airbnb Rental Income: $2332

Traditional Rental Income: $3194

Airbnb ROI: -0.06%

Traditional ROI: 1.7%

10209 SE Bristol Ln

Happy Valley, OR

2 beds | 2 baths | 1,152 sq.ft.

$424,900

Airbnb cash on cash: -0.21%

Traditional cash on cash: 2.88%

Airbnb Rental Income: $1696

Traditional Rental Income: $2455

Airbnb ROI: -0.21%

Traditional ROI: 2.88%

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%

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%

10258 SE Bristol Ln

Happy Valley, OR

2 beds | 2 baths | 1,379 sq.ft.

$465,000

Airbnb cash on cash: -0.4%

Traditional cash on cash: 1.38%

Airbnb Rental Income: $1696

Traditional Rental Income: $1999

Airbnb ROI: -0.4%