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
8547 SE CONSTANCE DR Happy Valley, OR Stunning panoramic views, timeless design, and luxury living await at this beautifully mai...	4 beds \| 4 baths \| 4,754 sq.ft.	$1,199,999	Airbnb cash on cash: -0.95% Traditional cash on cash: 2.44% Airbnb Rental Income: $2176 Traditional Rental Income: $5396 Airbnb ROI: -0.95% Traditional ROI: 2.44%
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.	$450,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 5.97% Airbnb Rental Income: $2334 Traditional Rental Income: $3738 Airbnb ROI: 1.26% Traditional ROI: 5.97%
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: -0.46% Traditional cash on cash: 3.87% Airbnb Rental Income: $2176 Traditional Rental Income: $5388 Airbnb ROI: -0.46% 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: 0.3% Traditional cash on cash: 3.2% Airbnb Rental Income: $2334 Traditional Rental Income: $3717 Airbnb ROI: 0.3% Traditional ROI: 3.2%
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.	$373,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 6.16% Airbnb Rental Income: $2334 Traditional Rental Income: $3580 Airbnb ROI: 0.95% Traditional ROI: 6.16%
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.	$875,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 3.27% Airbnb Rental Income: $2176 Traditional Rental Income: $4496 Airbnb ROI: -0.25% Traditional ROI: 3.27%
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.	$1,420,000	Airbnb cash on cash: -1.25% Traditional cash on cash: 2.67% Airbnb Rental Income: $2176 Traditional Rental Income: $6798 Airbnb ROI: -1.25% Traditional ROI: 2.67%
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: 0.12% Traditional cash on cash: 2.11% Airbnb Rental Income: $3206 Traditional Rental Income: $4325 Airbnb ROI: 0.12% 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: -0.53% Traditional cash on cash: 0.05% Airbnb Rental Income: $2176 Traditional Rental Income: $3063 Airbnb ROI: -0.53% Traditional ROI: 0.05%
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.	$445,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 3.34% Airbnb Rental Income: $2334 Traditional Rental Income: $2564 Airbnb ROI: 1.4% Traditional ROI: 3.34%
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: 0.58% Traditional cash on cash: 3.89% Airbnb Rental Income: $3206 Traditional Rental Income: $5437 Airbnb ROI: 0.58% 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.	$735,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.49% Airbnb Rental Income: $2334 Traditional Rental Income: $3872 Airbnb ROI: 0.41% Traditional ROI: 3.49%
11480 SE AQUILA ST Happy Valley, OR Calling All Golf Lovers â Impeccable Happy Valley Townhome! This beautifully designed 1,...	3 beds \| 3 baths \| 1,480 sq.ft.	$439,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 3.53% Airbnb Rental Income: $2334 Traditional Rental Income: $2669 Airbnb ROI: 1.31% 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: -0.05% Traditional cash on cash: 1.32% Airbnb Rental Income: $2176 Traditional Rental Income: $2683 Airbnb ROI: -0.05% Traditional ROI: 1.32%
10534 SE VRADENBURG RD Happy Valley, OR Prime Development Opportunity in Happy Valley! Unlock the potential of nearly 11 acres in ...	5 beds \| 4 baths \| 6,296 sq.ft.	$2,500,000	Airbnb cash on cash: -0.71% Traditional cash on cash: -0.12% Airbnb Rental Income: $3206 Traditional Rental Income: $3855 Airbnb ROI: -0.71% Traditional ROI: -0.12%
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.	$1,149,500	Airbnb cash on cash: -0.89% Traditional cash on cash: 2.42% Airbnb Rental Income: $2176 Traditional Rental Income: $5161 Airbnb ROI: -0.89% Traditional ROI: 2.42%
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: -0.83% Traditional cash on cash: 0.68% Airbnb Rental Income: $3206 Traditional Rental Income: $5271 Airbnb ROI: -0.83% Traditional ROI: 0.68%
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: 0.89% Traditional cash on cash: 3.41% Airbnb Rental Income: $3206 Traditional Rental Income: $4241 Airbnb ROI: 0.89% Traditional ROI: 3.41%
15864 SE CHELSEA MORNING DR Happy Valley, OR Step into this wonderfully bright and modernized home in the heart of Happy Valley. Don't ...	4 beds \| 3 baths \| 2,433 sq.ft.	$684,888	Airbnb cash on cash: 0.32% Traditional cash on cash: 2.15% Airbnb Rental Income: $2176 Traditional Rental Income: $2797 Airbnb ROI: 0.32% Traditional ROI: 2.15%
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: 0.89% Traditional cash on cash: 4.5% Airbnb Rental Income: $2176 Traditional Rental Income: $3646 Airbnb ROI: 0.89% Traditional ROI: 4.5%
9365 SE PENNINGTON CT Happy Valley, OR Open house 8/31/25 12PM-3PM. Welcome to an exquisite, fully custom-built residence with Ci...	5 beds \| 4 baths \| 4,020 sq.ft.	$1,199,900	Airbnb cash on cash: -0.4% Traditional cash on cash: 0.73% Airbnb Rental Income: $3206 Traditional Rental Income: $3740 Airbnb ROI: -0.4% Traditional ROI: 0.73%
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: 0.09% Traditional cash on cash: 3.51% Airbnb Rental Income: $2334 Traditional Rental Income: $3957 Airbnb ROI: 0.09% 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: -0.21% Traditional cash on cash: 1.4% Airbnb Rental Income: $1410 Traditional Rental Income: $2004 Airbnb ROI: -0.21% Traditional ROI: 1.4%
12043 SE HIGH CREEK RD #A Happy Valley, OR Don't miss this almost-new condo in amazing proximity to shopping, restaurants and Sunnysi...	3 beds \| 4 baths \| 1,853 sq.ft.	$459,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 6.15% Airbnb Rental Income: $2334 Traditional Rental Income: $3847 Airbnb ROI: 1.28% Traditional ROI: 6.15%
8220 SE GRAY ST Happy Valley, OR Completely remodeled from top to bottom, this charming Happy Valley home is move-in ready ...	4 beds \| 2 baths \| 1,337 sq.ft.	$399,000	Airbnb cash on cash: 2.48% Traditional cash on cash: 5.33% Airbnb Rental Income: $2176 Traditional Rental Income: $2690 Airbnb ROI: 2.48% 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.	$429,900	Airbnb cash on cash: 1.65% Traditional cash on cash: 5.18% Airbnb Rental Income: $2334 Traditional Rental Income: $3179 Airbnb ROI: 1.65% Traditional ROI: 5.18%
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.	$429,900	Airbnb cash on cash: 1.63% Traditional cash on cash: 5.16% Airbnb Rental Income: $2334 Traditional Rental Income: $3179 Airbnb ROI: 1.63% Traditional ROI: 5.16%
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: -5.95% Traditional cash on cash: 0.93% Airbnb Rental Income: $1319 Traditional Rental Income: $1516 Airbnb ROI: -5.95% 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.	$414,100	Airbnb cash on cash: 1.7% Traditional cash on cash: 4.41% Airbnb Rental Income: $2334 Traditional Rental Income: $2809 Airbnb ROI: 1.7% Traditional ROI: 4.41%
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: 1.85% Traditional cash on cash: 6.27% Airbnb Rental Income: $3206 Traditional Rental Income: $5269 Airbnb ROI: 1.85% Traditional ROI: 6.27%
10722 SE IDLEMAN RD Happy Valley, OR This wonderful Happy Valley midcentury blends 1960s period details, available single level...	5 beds \| 3 baths \| 3,588 sq.ft.	$675,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 5.66% Airbnb Rental Income: $3206 Traditional Rental Income: $5009 Airbnb ROI: 1.65% Traditional ROI: 5.66%
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: -0.46% Traditional cash on cash: 4.54% Airbnb Rental Income: $2176 Traditional Rental Income: $6159 Airbnb ROI: -0.46% Traditional ROI: 4.54%
15077 SE SAINT ANDREWS CT Happy Valley, OR Open House Sunday 8/24 12-2PM. Welcome to your dream home, custom built by a prestigious l...	5 beds \| 4 baths \| 3,391 sq.ft.	$898,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 4.93% Airbnb Rental Income: $3206 Traditional Rental Income: $6087 Airbnb ROI: 0.61% Traditional ROI: 4.93%
14594 SE NATALYA ST Happy Valley, OR Nestled in the heart of Happy Valley, this stunning 5-bedroom, 3.5-bath home offers a perf...	5 beds \| 4 baths \| 3,072 sq.ft.	$670,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 5.69% Airbnb Rental Income: $3206 Traditional Rental Income: $5114 Airbnb ROI: 1.48% Traditional ROI: 5.69%
12841 SE WELLINGTON CT Happy Valley, OR Your new home in the center of Happy Valley awaits! It features 4 Bedrooms, 3.1 Bathrooms ...	4 beds \| 4 baths \| 4,346 sq.ft.	$1,079,900	Airbnb cash on cash: -0.69% Traditional cash on cash: 3.13% Airbnb Rental Income: $2176 Traditional Rental Income: $5459 Airbnb ROI: -0.69% Traditional ROI: 3.13%
9645 SE WESTVIEW CT Happy Valley, OR HUGE PRICE DROP! Come cool off this weekend in the A/C at this beautiful NW Contemporary h...	4 beds \| 3 baths \| 3,600 sq.ft.	$699,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 4.68% Airbnb Rental Income: $2176 Traditional Rental Income: $4687 Airbnb ROI: -0.02% Traditional ROI: 4.68%
11342 SE AQUILA ST Happy Valley, OR This Move-in ready Volare Townhome in the Eagle Landing neighborhood of Happy Valley has s...	3 beds \| 3 baths \| 1,631 sq.ft.	$463,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 3.91% Airbnb Rental Income: $2334 Traditional Rental Income: $3039 Airbnb ROI: 0.95% Traditional ROI: 3.91%
10397 SE QUAIL RIDGE DR Happy Valley, OR Conveniently located in the coveted Street of Dreams neighborhood, âHighlands at Altamon...	4 beds \| 3 baths \| 4,477 sq.ft.	$1,195,000	Airbnb cash on cash: -0.95% Traditional cash on cash: 1.7% Airbnb Rental Income: $2176 Traditional Rental Income: $4566 Airbnb ROI: -0.95% Traditional ROI: 1.7%
13052 SE MEADEHILL AVE Happy Valley, OR Very convenient location. Close to bus line, shopping and restaurants. Well kept one owne...	5 beds \| 4 baths \| 2,935 sq.ft.	$699,900	Airbnb cash on cash: 1.4% Traditional cash on cash: 4.4% Airbnb Rental Income: $3206 Traditional Rental Income: $4440 Airbnb ROI: 1.4% Traditional ROI: 4.4%
9540 SE SPYGLASS DR Happy Valley, OR WelcomeâI'm not just a house, I'm your next chapter waiting to be lived. Perfectly situa...	4 beds \| 4 baths \| 3,944 sq.ft.	$929,900	Airbnb cash on cash: -0.75% Traditional cash on cash: 3.59% Airbnb Rental Income: $2176 Traditional Rental Income: $5385 Airbnb ROI: -0.75% Traditional ROI: 3.59%

Real Estate investment in Happy-valley, OR

There are 77 properties for sale in the city of Happy Valley . The median list price in Happy Valley is $740,000 and the average price per square foot is $249. In September 2025, the average monthly cash on cash return in Happy Valley is 4.00%. The average monthly rental income in Happy Valley is $4,057.

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

There are 77 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 $2,334.

Your search for investment property begins and ends here

Investment Property for Sale in Happy Valley, OR

8547 SE CONSTANCE DR

Happy Valley, OR

4 beds | 4 baths | 4,754 sq.ft.

$1,199,999

Airbnb cash on cash: -0.95%

Traditional cash on cash: 2.44%

Airbnb Rental Income: $2176

Traditional Rental Income: $5396

Airbnb ROI: -0.95%

Traditional ROI: 2.44%

12942 SE 155TH AVE

Happy Valley, OR

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

$450,000

Airbnb cash on cash: 1.26%

Traditional cash on cash: 5.97%

Airbnb Rental Income: $2334

Traditional Rental Income: $3738

Airbnb ROI: 1.26%

Traditional ROI: 5.97%

15037 SE SPANISH BAY DR

Happy Valley, OR

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

$935,000

Airbnb cash on cash: -0.46%

Traditional cash on cash: 3.87%

Airbnb Rental Income: $2176

Traditional Rental Income: $5388

Airbnb ROI: -0.46%

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: 0.3%

Traditional cash on cash: 3.2%

Airbnb Rental Income: $2334

Traditional Rental Income: $3717

Airbnb ROI: 0.3%

Traditional ROI: 3.2%

12124 SE HIGH CREEK RD

Happy Valley, OR

3 beds | 3 baths | 1,689 sq.ft.

$373,000

Airbnb cash on cash: 0.95%

Traditional cash on cash: 6.16%

Airbnb Rental Income: $2334

Traditional Rental Income: $3580

Airbnb ROI: 0.95%

Traditional ROI: 6.16%

12027 SE CICELY LN

Happy Valley, OR

4 beds | 3 baths | 3,044 sq.ft.

$875,000

Airbnb cash on cash: -0.25%

Traditional cash on cash: 3.27%

Airbnb Rental Income: $2176

Traditional Rental Income: $4496

Airbnb ROI: -0.25%

Traditional ROI: 3.27%

10257 SE CRESCENT RIDGE LOOP

Happy Valley, OR

4 beds | 5 baths | 5,653 sq.ft.

$1,420,000

Airbnb cash on cash: -1.25%

Traditional cash on cash: 2.67%

Airbnb Rental Income: $2176

Traditional Rental Income: $6798

Airbnb ROI: -1.25%

Traditional ROI: 2.67%

8512 SE CONSTANCE DR

Happy Valley, OR

5 beds | 3 baths | 3,984 sq.ft.

$995,000

Airbnb cash on cash: 0.12%

Traditional cash on cash: 2.11%

Airbnb Rental Income: $3206

Traditional Rental Income: $4325

Airbnb ROI: 0.12%