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 37,000SF lot with sweeping mount...	4 beds \| 4 baths \| 4,270 sq.ft.	$1,499,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 2.64% Airbnb Rental Income: $2667 Traditional Rental Income: $6312 Airbnb ROI: -0.44% Traditional ROI: 2.64%
14985 SE Northern Heights Dr Happy Valley, OR Perched on a premier 0.21-acre corner lot in gated Northern Heights, this exceptional Ston...	4 beds \| 2 baths \| 3,276 sq.ft.	$1,150,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 1.42% Airbnb Rental Income: $2667 Traditional Rental Income: $3960 Airbnb ROI: -0.38% Traditional ROI: 1.42%
12500 SE Ridgecrest Rd Happy Valley, OR Beautifully maintained mid-century day ranch on a rare .73-acre lot in peaceful Happy Vall...	4 beds \| 2 baths \| 2,734 sq.ft.	$650,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 4% Airbnb Rental Income: $2667 Traditional Rental Income: $3772 Airbnb ROI: 1.13% Traditional ROI: 4%
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.	$899,999	Airbnb cash on cash: -0.84% Traditional cash on cash: 1.64% Airbnb Rental Income: $1568 Traditional Rental Income: $3194 Airbnb ROI: -0.84% Traditional ROI: 1.64%
11682 SE Carter Ln Happy Valley, OR Lovely home in a Great Community! Easy access to I 205. Many amenities: Hardwood Acacia fl...	3 beds \| 2 baths \| 2,456 sq.ft.	$690,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 2.33% Airbnb Rental Income: $1568 Traditional Rental Income: $3067 Airbnb ROI: -0.58% Traditional ROI: 2.33%
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.	$429,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 3.25% Airbnb Rental Income: $1445 Traditional Rental Income: $2455 Airbnb ROI: -0.34% Traditional ROI: 3.25%
8940 SE Spyglass Dr Happy Valley, OR Lots of windows for wonderful light. This home has been exceptionally well taken care of. ...	5 beds \| 3 baths \| 3,310 sq.ft.	$929,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.38% Airbnb Rental Income: $1607 Traditional Rental Income: $4854 Airbnb ROI: -0.9% Traditional ROI: 3.38%
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.	$948,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 2.27% Airbnb Rental Income: $2667 Traditional Rental Income: $4325 Airbnb ROI: -0.33% Traditional ROI: 2.27%
14764 SE Wallowa Way Happy Valley, OR Located in the heart of Happy Valley, this stunning 5-bedroom, 4-bath custom home is a few...	5 beds \| 2 baths \| 2,852 sq.ft.	$799,990	Airbnb cash on cash: -0.75% Traditional cash on cash: 2.7% Airbnb Rental Income: $1607 Traditional Rental Income: $3720 Airbnb ROI: -0.75% Traditional ROI: 2.7%
14342 SE Donatello Loop Happy Valley, OR OPEN HOME SAT 5/16 10AM-12PM. Priced to sell! Welcome to this spacious Happy Valley home o...	4 beds \| 2 baths \| 3,409 sq.ft.	$843,500	Airbnb cash on cash: -0.12% Traditional cash on cash: 0.32% Airbnb Rental Income: $2667 Traditional Rental Income: $2382 Airbnb ROI: -0.12% Traditional ROI: 0.32%
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: 1.55% Traditional cash on cash: 1.5% Airbnb Rental Income: $2667 Traditional Rental Income: $2004 Airbnb ROI: 1.55% Traditional ROI: 1.5%
8951 SE Fuller Rd #36 Happy Valley, OR Stunning Modern Remodel - Move-In Ready! Step into this beautifully remodeled manufactured...	1 beds \| 1 baths \| 470 sq.ft.	$75,000	Airbnb cash on cash: -12.51% Traditional cash on cash: 1.29% Airbnb Rental Income: $819 Traditional Rental Income: $1516 Airbnb ROI: -12.51% Traditional ROI: 1.29%
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: 3.23% Traditional cash on cash: 10.54% Airbnb Rental Income: $1445 Traditional Rental Income: $2467 Airbnb ROI: 3.23% 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.	$855,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 3.32% Airbnb Rental Income: $1607 Traditional Rental Income: $4001 Airbnb ROI: -0.26% Traditional ROI: 3.32%
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: 0.77% Traditional cash on cash: 2.75% Airbnb Rental Income: $1568 Traditional Rental Income: $1861 Airbnb ROI: 0.77% 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.	$390,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 0.01% Airbnb Rental Income: $1568 Traditional Rental Income: $815 Airbnb ROI: 0.84% Traditional ROI: 0.01%
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.	$639,900	Airbnb cash on cash: -1.77% Traditional cash on cash: 3.59% Airbnb Rental Income: $1568 Traditional Rental Income: $4315 Airbnb ROI: -1.77% Traditional ROI: 3.59%
10555 SE Heritage Rd #219 Happy Valley, OR 10555 SE Heritage Rd #219, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 3 baths \| 2,260 sq.ft.	$739,960	Airbnb cash on cash: 0.75% Traditional cash on cash: 2.91% Airbnb Rental Income: $2667 Traditional Rental Income: $3525 Airbnb ROI: 0.75% Traditional ROI: 2.91%
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: 1.21% Traditional cash on cash: 2.38% Airbnb Rental Income: $2667 Traditional Rental Income: $2747 Airbnb ROI: 1.21% 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: -0.62% Traditional cash on cash: 2.65% Airbnb Rental Income: $1607 Traditional Rental Income: $3726 Airbnb ROI: -0.62% 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: -0.64% Traditional cash on cash: 4.12% Airbnb Rental Income: $1607 Traditional Rental Income: $4964 Airbnb ROI: -0.64% 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: 1.16% Traditional cash on cash: 2.21% Airbnb Rental Income: $2667 Traditional Rental Income: $2685 Airbnb ROI: 1.16% 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: 0.83% Traditional cash on cash: 2.58% Airbnb Rental Income: $2667 Traditional Rental Income: $3251 Airbnb ROI: 0.83% 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: 0.58% Traditional cash on cash: 2.74% Airbnb Rental Income: $2667 Traditional Rental Income: $3686 Airbnb ROI: 0.58% 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: 0.86% Traditional cash on cash: 2.88% Airbnb Rental Income: $2667 Traditional Rental Income: $3424 Airbnb ROI: 0.86% 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: -0.26% Traditional cash on cash: 2.13% Airbnb Rental Income: $1568 Traditional Rental Income: $2555 Airbnb ROI: -0.26% 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: 1.34% Traditional cash on cash: 2.37% Airbnb Rental Income: $2667 Traditional Rental Income: $2643 Airbnb ROI: 1.34% 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: 0.82% Traditional cash on cash: 2.66% Airbnb Rental Income: $2667 Traditional Rental Income: $3313 Airbnb ROI: 0.82% 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: 1.16% Traditional cash on cash: 2.54% Airbnb Rental Income: $2667 Traditional Rental Income: $2887 Airbnb ROI: 1.16% 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: -0.63% Traditional cash on cash: 2.86% Airbnb Rental Income: $1607 Traditional Rental Income: $3915 Airbnb ROI: -0.63% Traditional ROI: 2.86%
16240 SE Maple Hill Ln Happy Valley, OR 16240 SE Maple Hill Ln, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 2 baths \| 2,388 sq.ft.	$849,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 1.83% Airbnb Rental Income: $2667 Traditional Rental Income: $3089 Airbnb ROI: 0.49% Traditional ROI: 1.83%
14330 SE Donatello Loop Happy Valley, OR 14330 SE Donatello Loop, Happy Valley, OR 97086 \| Single Family Residential	6 beds \| 5 baths \| 8,200 sq.ft.	$1,180,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 5.05% Airbnb Rental Income: $1607 Traditional Rental Income: $7861 Airbnb ROI: -1.06% Traditional ROI: 5.05%
10495 SE Heritage Rd Happy Valley, OR 10495 SE Heritage Rd, Happy Valley, OR 97086 \| Single Family Residential	3 beds \| 2 baths \| 1,670 sq.ft.	$620,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 2.16% Airbnb Rental Income: $1568 Traditional Rental Income: $2554 Airbnb ROI: -0.32% Traditional ROI: 2.16%
10536 SE Heritage Rd Happy Valley, OR 10536 SE Heritage Rd, Happy Valley, OR 97086 \| Single Family Residential	4 beds \| 3 baths \| 2,366 sq.ft.	$749,960	Airbnb cash on cash: 0.71% Traditional cash on cash: 2.84% Airbnb Rental Income: $2667 Traditional Rental Income: $3523 Airbnb ROI: 0.71% Traditional ROI: 2.84%
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: 1.13% Traditional cash on cash: 3.63% Airbnb Rental Income: $2667 Traditional Rental Income: $4008 Airbnb ROI: 1.13% 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: 1.04% Traditional cash on cash: 3.6% Airbnb Rental Income: $2667 Traditional Rental Income: $4154 Airbnb ROI: 1.04% 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: -0.1% Traditional cash on cash: 1.59% Airbnb Rental Income: $2667 Traditional Rental Income: $3053 Airbnb ROI: -0.1% Traditional ROI: 1.59%
9460 SE Jeanne Rd Happy Valley, OR Choose your own adventure with this one-of-a-kind home, estate site, or development projec...	4 beds \| 3 baths \| 2,497 sq.ft.	$1,670,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 1.21% Airbnb Rental Income: $2667 Traditional Rental Income: $4009 Airbnb ROI: -0.06% 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: -1.57% Traditional cash on cash: -1.53% Airbnb Rental Income: $1076 Traditional Rental Income: $769 Airbnb ROI: -1.57% Traditional ROI: -1.53%

Real Estate investment in Happy-valley, OR

There are 89 properties for sale in the city of Happy Valley . The median list price in Happy Valley is $736,900 and the average price per square foot is $298. In May 2026, the average monthly cash on cash return in Happy Valley is 3.00%. The average monthly rental income in Happy Valley is $3,078.

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

There are 89 investment properties available for sale in Happy-valley.

In 2026, 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 $1,607.

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.

$1,499,000

Airbnb cash on cash: -0.44%

Traditional cash on cash: 2.64%

Airbnb Rental Income: $2667

Traditional Rental Income: $6312

Airbnb ROI: -0.44%

Traditional ROI: 2.64%

14985 SE Northern Heights Dr

Happy Valley, OR

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

$1,150,000

Airbnb cash on cash: -0.38%

Traditional cash on cash: 1.42%

Airbnb Rental Income: $2667

Traditional Rental Income: $3960

Airbnb ROI: -0.38%

Traditional ROI: 1.42%

12500 SE Ridgecrest Rd

Happy Valley, OR

4 beds | 2 baths | 2,734 sq.ft.

$650,000

Airbnb cash on cash: 1.13%

Traditional cash on cash: 4%

Airbnb Rental Income: $2667

Traditional Rental Income: $3772

Airbnb ROI: 1.13%

Traditional ROI: 4%

14687 SE Pebble Beach Dr

Happy Valley, OR

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

$899,999

Airbnb cash on cash: -0.84%

Traditional cash on cash: 1.64%

Airbnb Rental Income: $1568

Traditional Rental Income: $3194

Airbnb ROI: -0.84%

Traditional ROI: 1.64%

11682 SE Carter Ln

Happy Valley, OR

3 beds | 2 baths | 2,456 sq.ft.

$690,000

Airbnb cash on cash: -0.58%

Traditional cash on cash: 2.33%

Airbnb Rental Income: $1568

Traditional Rental Income: $3067

Airbnb ROI: -0.58%

Traditional ROI: 2.33%

10209 SE Bristol Ln

Happy Valley, OR

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

$429,000

Airbnb cash on cash: -0.34%

Traditional cash on cash: 3.25%

Airbnb Rental Income: $1445

Traditional Rental Income: $2455

Airbnb ROI: -0.34%

Traditional ROI: 3.25%

8940 SE Spyglass Dr

Happy Valley, OR

5 beds | 3 baths | 3,310 sq.ft.

$929,000

Airbnb cash on cash: -0.9%

Traditional cash on cash: 3.38%

Airbnb Rental Income: $1607

Traditional Rental Income: $4854

Airbnb ROI: -0.9%

Traditional ROI: 3.38%

8512 SE Constance Dr

Happy Valley, OR

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

$948,000

Airbnb cash on cash: -0.33%

Traditional cash on cash: 2.27%

Airbnb Rental Income: $2667

Traditional Rental Income: $4325

Airbnb ROI: -0.33%