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
12843 SE 155TH AVE Happy Valley, OR This beautifully refreshed 2015 TownHOME is move-in ready. Featuring brand new carpet, fre...	3 beds \| 3 baths \| 1,942 sq.ft.	$429,900	Airbnb cash on cash: 0.86% Traditional cash on cash: 5.67% Airbnb Rental Income: $2077 Traditional Rental Income: $3481 Airbnb ROI: 0.86% Traditional ROI: 5.67%
12245 SE QUIETWOODS ST Happy Valley, OR Live in the heart of Happy Valley, walking distance to many stores and restaurants but on ...	4 beds \| 3 baths \| 2,496 sq.ft.	$655,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 4.35% Airbnb Rental Income: $2762 Traditional Rental Income: $3940 Airbnb ROI: 1.36% Traditional ROI: 4.35%
12942 SE 155TH AVE Happy Valley, OR Light, bright, and move-in ready Townhome! Don't miss this coveted corner unit with direct...	3 beds \| 3 baths \| 1,942 sq.ft.	$443,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 6.07% Airbnb Rental Income: $2077 Traditional Rental Income: $3738 Airbnb ROI: 0.78% Traditional ROI: 6.07%
15037 SE SPANISH BAY DR Happy Valley, OR Move In Ready Gorgeous & Immac Jackson Hills Home w/Territorial view, Seller will offer ne...	4 beds \| 4 baths \| 5,073 sq.ft.	$935,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 3.87% Airbnb Rental Income: $2762 Traditional Rental Income: $5388 Airbnb ROI: 0.1% Traditional ROI: 3.87%
9119 SE Highgate DR Happy Valley, OR View seekers look no further! This incredible, unimpeded westward gazing view of the Valle...	3 beds \| 3 baths \| 2,083 sq.ft.	$724,900	Airbnb cash on cash: -0.02% Traditional cash on cash: 3.2% Airbnb Rental Income: $2077 Traditional Rental Income: $3717 Airbnb ROI: -0.02% Traditional ROI: 3.2%
8900 SE CHLOE LN Happy Valley, OR This abode welcomes you with soaring vaulted ceilings. The kitchen includes stainless stee...	3 beds \| 3 baths \| 1,606 sq.ft.	$375,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 5.71% Airbnb Rental Income: $2077 Traditional Rental Income: $2911 Airbnb ROI: 1.82% Traditional ROI: 5.71%
9175 SE LYNN LN Happy Valley, OR OPEN HOUSE SUN 10/19 FROM 1-3 PM This 2,117 sq ft split-level home in Happy Valley, OR, f...	4 beds \| 3 baths \| 2,117 sq.ft.	$575,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 4.89% Airbnb Rental Income: $2762 Traditional Rental Income: $3757 Airbnb ROI: 1.83% Traditional ROI: 4.89%
13087 SE GATEWAY DR Happy Valley, OR Experience the perfect blend of style and function in this bright, like-new home with an e...	5 beds \| 3 baths \| 2,819 sq.ft.	$773,500	Airbnb cash on cash: -0.14% Traditional cash on cash: 3.51% Airbnb Rental Income: $2220 Traditional Rental Income: $4294 Airbnb ROI: -0.14% Traditional ROI: 3.51%
8727 SE MARGIE WAY Happy Valley, OR Welcome to this beautifully maintained Craftsman-style home in the highly sought-after Fal...	4 beds \| 3 baths \| 2,859 sq.ft.	$665,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 4.25% Airbnb Rental Income: $2762 Traditional Rental Income: $4387 Airbnb ROI: 0.58% Traditional ROI: 4.25%
11574 SE ROSS RD Happy Valley, OR Seller may consider buyer concessions if made in an offer. Welcome to a truly exceptional ...	4 beds \| 4 baths \| 3,277 sq.ft.	$697,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 3.55% Airbnb Rental Income: $2762 Traditional Rental Income: $4030 Airbnb ROI: 0.6% Traditional ROI: 3.55%
12124 SE HIGH CREEK RD Happy Valley, OR Welcome to this beautifully updated property that boasts a contemporary neutral color pain...	3 beds \| 3 baths \| 1,689 sq.ft.	$370,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 6.22% Airbnb Rental Income: $2077 Traditional Rental Income: $3580 Airbnb ROI: 0.35% Traditional ROI: 6.22%
12027 SE CICELY LN Happy Valley, OR Absolutely amazing custom-built home at the top of Spring Mountain overlooking the valley ...	4 beds \| 3 baths \| 3,044 sq.ft.	$845,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.42% Airbnb Rental Income: $2762 Traditional Rental Income: $4496 Airbnb ROI: 0.39% Traditional ROI: 3.42%
10257 SE CRESCENT RIDGE LOOP Happy Valley, OR Welcome to a home that doesnât just check boxesâit speaks to the heart. Nestled in the...	4 beds \| 5 baths \| 5,653 sq.ft.	$1,390,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 2.75% Airbnb Rental Income: $2762 Traditional Rental Income: $6798 Airbnb ROI: -0.87% Traditional ROI: 2.75%
8512 SE CONSTANCE DR Happy Valley, OR Stunning, high-quality home with custom touches and plenty of space to enjoy. Walk through...	5 beds \| 3 baths \| 3,984 sq.ft.	$995,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 2.11% Airbnb Rental Income: $2220 Traditional Rental Income: $4325 Airbnb ROI: -0.77% Traditional ROI: 2.11%
12510 SE MT SCOTT BLVD Happy Valley, OR One level custom build-to-suit home located in prestigious Happy Valley neighborhood. Cus...	4 beds \| 5 baths \| 4,235 sq.ft.	$2,699,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 0.05% Airbnb Rental Income: $2762 Traditional Rental Income: $3063 Airbnb ROI: -0.33% Traditional ROI: 0.05%
10520 SE ISAAC DR Happy Valley, OR Welcome home to this charming and meticulously maintained two-story residence, move-in rea...	4 beds \| 3 baths \| 3,814 sq.ft.	$980,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 2.82% Airbnb Rental Income: $2762 Traditional Rental Income: $4548 Airbnb ROI: 0.15% Traditional ROI: 2.82%
11275 SE AQUILA ST Happy Valley, OR This beautifully designed 1,480 sq ft home offers the ideal blend of style, space, and loc...	3 beds \| 3 baths \| 1,480 sq.ft.	$435,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 3.44% Airbnb Rental Income: $2077 Traditional Rental Income: $2564 Airbnb ROI: 0.93% Traditional ROI: 3.44%
14956 SE PEBBLE BEACH DR Happy Valley, OR Nestled in Happy Valley's desirable Jackson Hills neighborhood, this is the best value on ...	5 beds \| 4 baths \| 4,670 sq.ft.	$959,900	Airbnb cash on cash: -0.34% Traditional cash on cash: 3.89% Airbnb Rental Income: $2220 Traditional Rental Income: $5437 Airbnb ROI: -0.34% Traditional ROI: 3.89%
13307 SE WOODLAND CIR Happy Valley, OR Perched just one extra flight above it all, this home rewards you with unobstructed, breat...	3 beds \| 3 baths \| 2,879 sq.ft.	$679,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 3.86% Airbnb Rental Income: $2077 Traditional Rental Income: $3872 Airbnb ROI: 0.18% Traditional ROI: 3.86%
11480 SE AQUILA ST Happy Valley, OR Calling All Golf Lovers â Meticulous Happy Valley Townhome Move in Ready! This beautiful...	3 beds \| 3 baths \| 1,480 sq.ft.	$439,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 3.53% Airbnb Rental Income: $2077 Traditional Rental Income: $2669 Airbnb ROI: 0.79% Traditional ROI: 3.53%
15332 SE LEWIS ST Happy Valley, OR Don't Miss This Stunning Model Home â Loaded with Luxury Upgrades!Step into the lifestyl...	4 beds \| 3 baths \| 2,639 sq.ft.	$829,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 1.32% Airbnb Rental Income: $2762 Traditional Rental Income: $2683 Airbnb ROI: 0.58% Traditional ROI: 1.32%
14612 SE NATALYA ST Happy Valley, OR Located in the charming Happy Valley community, tri-level craftsman style, this inviting 5...	5 beds \| 4 baths \| 3,072 sq.ft.	$683,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 3.45% Airbnb Rental Income: $2220 Traditional Rental Income: $3744 Airbnb ROI: 0.18% Traditional ROI: 3.45%
14133 SE ALTA VISTA DR Happy Valley, OR This architecturally striking home in the hills of Happy Valley offers nearly 4,800 square...	4 beds \| 4 baths \| 4,783 sq.ft.	$929,000	Airbnb cash on cash: -0.64% Traditional cash on cash: 1.87% Airbnb Rental Income: $2762 Traditional Rental Income: $4282 Airbnb ROI: -0.64% Traditional ROI: 1.87%
12989 SE MOUNTAIN GATE RD Happy Valley, OR Discover the ultimate luxury living experience in this stunning 4,275 square foot home, lo...	4 beds \| 5 baths \| 4,275 sq.ft.	$1,089,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 2.61% Airbnb Rental Income: $2762 Traditional Rental Income: $5161 Airbnb ROI: -0.4% Traditional ROI: 2.61%
11719 SE SOLOMON CT Happy Valley, OR Luxury Living with Captivating Mt. Hood Views. Welcome to your luxurious retreat, ideally ...	5 beds \| 5 baths \| 6,806 sq.ft.	$1,999,900	Airbnb cash on cash: -1.27% Traditional cash on cash: 0.68% Airbnb Rental Income: $2220 Traditional Rental Income: $5271 Airbnb ROI: -1.27% Traditional ROI: 0.68%
10649 SE LEOPARD LN Happy Valley, OR Step into this stunning property blending modern elegance with farmhouse charm. This Stone...	5 beds \| 3 baths \| 2,989 sq.ft.	$769,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 1.75% Airbnb Rental Income: $2220 Traditional Rental Income: $2951 Airbnb ROI: -0.05% Traditional ROI: 1.75%
14920 SE PAGE PARK CT Happy Valley, OR Excellent layout with space for everything featuring sweeping territorial views on this qu...	5 beds \| 4 baths \| 3,663 sq.ft.	$749,900	Airbnb cash on cash: -0.28% Traditional cash on cash: 3.41% Airbnb Rental Income: $2220 Traditional Rental Income: $4241 Airbnb ROI: -0.28% Traditional ROI: 3.41%
11294 SE WESTCHESTER AVE Happy Valley, OR << Back on market due to buyer getting cold feet >>. Discover this beautiful Traditional C...	3 beds \| 3 baths \| 2,503 sq.ft.	$815,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 1.38% Airbnb Rental Income: $2077 Traditional Rental Income: $2773 Airbnb ROI: -0.24% Traditional ROI: 1.38%
8870 SE SPENCER DR Happy Valley, OR Beautiful home on an oversized lot with so much room for hobbies, toys, RVs, tools, or pos...	4 beds \| 3 baths \| 2,007 sq.ft.	$599,900	Airbnb cash on cash: 1.76% Traditional cash on cash: 4.5% Airbnb Rental Income: $2762 Traditional Rental Income: $3646 Airbnb ROI: 1.76% Traditional ROI: 4.5%
9365 SE PENNINGTON CT Happy Valley, OR Open house 10/5/25 12-3PM. Price reduced. Welcome to an exquisite, fully custom-built resi...	4 beds \| 4 baths \| 4,020 sq.ft.	$1,150,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 0.8% Airbnb Rental Income: $2762 Traditional Rental Income: $3740 Airbnb ROI: -0.72% Traditional ROI: 0.8%
10932 SE HILLTOP CT Happy Valley, OR Welcome Home! This stunning 3BR/2.5BA 2 story home offers 2,632 sqft of living space and h...	3 beds \| 3 baths \| 2,632 sq.ft.	$689,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 3.51% Airbnb Rental Income: $2077 Traditional Rental Income: $3957 Airbnb ROI: -0.25% Traditional ROI: 3.51%
8720 SE CLATSOP ST Happy Valley, OR Fantastic investment opportunity to own a 4 units mobile park in a convenient location! La...	N/A beds \| N/A baths \| N/A	$679,900	Airbnb cash on cash: -0.27% Traditional cash on cash: 1.4% Airbnb Rental Income: $1362 Traditional Rental Income: $2004 Airbnb ROI: -0.27% Traditional ROI: 1.4%
11279 SE FALCO ST Happy Valley, OR Welcome to this beautifully maintained 3-bedroom, 2.5-bath home in the sought-after Volare...	3 beds \| 3 baths \| 1,477 sq.ft.	$425,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 3.61% Airbnb Rental Income: $2077 Traditional Rental Income: $2746 Airbnb ROI: 0.59% Traditional ROI: 3.61%
8220 SE GRAY ST Happy Valley, OR Beautifully remodeled home including new roof! This charming Happy Valley home is move-in ...	4 beds \| 2 baths \| 1,337 sq.ft.	$399,000	Airbnb cash on cash: 3.79% Traditional cash on cash: 5.33% Airbnb Rental Income: $2762 Traditional Rental Income: $2690 Airbnb ROI: 3.79% Traditional ROI: 5.33%
12972 SE 156TH AVE Happy Valley, OR This is the one youâve been waiting forâbeautifully updated, full of natural light, an...	3 beds \| 3 baths \| 1,438 sq.ft.	$420,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 5.33% Airbnb Rental Income: $2077 Traditional Rental Income: $3179 Airbnb ROI: 1.17% Traditional ROI: 5.33%
12958 SE 156TH AVE Happy Valley, OR This is the one youâve been waiting forâupdated, light-filled, and perfectly located i...	3 beds \| 3 baths \| 1,438 sq.ft.	$420,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 5.3% Airbnb Rental Income: $2077 Traditional Rental Income: $3179 Airbnb ROI: 1.14% Traditional ROI: 5.3%
8951 SE Fuller RD #36 Happy Valley, OR Stunning Modern Remodel â Move-In Ready! Step into this beautifully remodeled manufactu...	1 beds \| 1 baths \| 470 sq.ft.	$90,000	Airbnb cash on cash: -7.73% Traditional cash on cash: 0.93% Airbnb Rental Income: $1132 Traditional Rental Income: $1516 Airbnb ROI: -7.73% Traditional ROI: 0.93%
15688 SE MISTY DR Happy Valley, OR Remodeled Morningside Townhome with a View. Charming covered front porch. Light and bright...	3 beds \| 3 baths \| 1,510 sq.ft.	$399,100	Airbnb cash on cash: 1.23% Traditional cash on cash: 4.62% Airbnb Rental Income: $2077 Traditional Rental Income: $2809 Airbnb ROI: 1.23% Traditional ROI: 4.62%
17114 SE RHODODENDRON ST Happy Valley, OR Beautiful home in the coveted Happy Valley area offering a blend of modern amenities and l...	5 beds \| 4 baths \| 3,060 sq.ft.	$675,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 6.27% Airbnb Rental Income: $2220 Traditional Rental Income: $5269 Airbnb ROI: 0.54% Traditional ROI: 6.27%
15172 SE SPANISH BAY DR Happy Valley, OR BOM no fault of home or seller, buyer lost financing. Jackson Hills 2015 custom-built home...	4 beds \| 4 baths \| 3,554 sq.ft.	$975,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 4.54% Airbnb Rental Income: $2762 Traditional Rental Income: $6159 Airbnb ROI: 0.08% Traditional ROI: 4.54%

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 $709,000 and the average price per square foot is $236. In October 2025, the average monthly cash on cash return in Happy Valley is 4.00%. The average monthly rental income in Happy Valley is $4,001.

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

There are 94 investment properties available for sale in Happy-valley.

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

The ROI for Short-Term is higher than the Long-Term in Happy-valley with average rental income of $2,220.

Your search for investment property begins and ends here

Investment Property for Sale in Happy Valley, OR

12843 SE 155TH AVE

Happy Valley, OR

3 beds | 3 baths | 1,942 sq.ft.

$429,900

Airbnb cash on cash: 0.86%

Traditional cash on cash: 5.67%

Airbnb Rental Income: $2077

Traditional Rental Income: $3481

Airbnb ROI: 0.86%

Traditional ROI: 5.67%

12245 SE QUIETWOODS ST

Happy Valley, OR

4 beds | 3 baths | 2,496 sq.ft.

$655,000

Airbnb cash on cash: 1.36%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $2762

Traditional Rental Income: $3940

Airbnb ROI: 1.36%

Traditional ROI: 4.35%

12942 SE 155TH AVE

Happy Valley, OR

3 beds | 3 baths | 1,942 sq.ft.

$443,000

Airbnb cash on cash: 0.78%

Traditional cash on cash: 6.07%

Airbnb Rental Income: $2077

Traditional Rental Income: $3738

Airbnb ROI: 0.78%

Traditional ROI: 6.07%

15037 SE SPANISH BAY DR

Happy Valley, OR

4 beds | 4 baths | 5,073 sq.ft.

$935,000

Airbnb cash on cash: 0.1%

Traditional cash on cash: 3.87%

Airbnb Rental Income: $2762

Traditional Rental Income: $5388

Airbnb ROI: 0.1%

Traditional ROI: 3.87%

9119 SE Highgate DR

Happy Valley, OR

3 beds | 3 baths | 2,083 sq.ft.

$724,900

Airbnb cash on cash: -0.02%

Traditional cash on cash: 3.2%

Airbnb Rental Income: $2077

Traditional Rental Income: $3717

Airbnb ROI: -0.02%

Traditional ROI: 3.2%

8900 SE CHLOE LN

Happy Valley, OR

3 beds | 3 baths | 1,606 sq.ft.

$375,000

Airbnb cash on cash: 1.82%

Traditional cash on cash: 5.71%

Airbnb Rental Income: $2077

Traditional Rental Income: $2911

Airbnb ROI: 1.82%

Traditional ROI: 5.71%

9175 SE LYNN LN

Happy Valley, OR

4 beds | 3 baths | 2,117 sq.ft.

$575,000

Airbnb cash on cash: 1.83%

Traditional cash on cash: 4.89%

Airbnb Rental Income: $2762

Traditional Rental Income: $3757

Airbnb ROI: 1.83%

Traditional ROI: 4.89%

13087 SE GATEWAY DR

Happy Valley, OR

5 beds | 3 baths | 2,819 sq.ft.

$773,500

Airbnb cash on cash: -0.14%

Traditional cash on cash: 3.51%

Airbnb Rental Income: $2220

Traditional Rental Income: $4294

Airbnb ROI: -0.14%