Milwaukie Homes under $400,000

Welcome to Milwaukie, Oregon – a hidden gem nestled in Clackamas County that perfectly balances suburban charm with urban convenience. Just a short drive from downtown Portland, Milwaukie offers residents the best of both worlds, making it an ideal place to call home. Known for its friendly community, beautiful parks, and rich history, this vibrant city is an increasingly popular choice for families, young professionals, and retirees alike.

Milwaukie boasts a variety of outdoor recreational opportunities, including the scenic Willamette River, where you can enjoy kayaking, fishing, or simply taking in the picturesque views. With numerous parks and trails, including the popular Milwaukie Riverfront Park, residents can enjoy leisurely strolls, picnics, and community events throughout the year. The city is also home to a thriving arts scene, with local galleries and theaters showcasing the talents of its creative residents.

For those on the lookout for affordable housing options, Milwaukie has a range of homes available under $400,000. Whether you’re searching for a charming bungalow, a cozy townhouse, or a spacious family home, you’ll find a diverse selection that meets your needs and budget. The real estate market here is both competitive and inviting, with opportunities for first-time homebuyers and seasoned investors alike.

With its strong sense of community, excellent schools, and convenient access to Portland's amenities, Milwaukie is truly a place where you can put down roots and thrive. Explore your options today and discover the perfect home in this delightful city!

Newest Milwaukie Homes under $400,000

$370,000

3 Beds ⋅ 2 Baths ⋅ 200182670 MLS

Welcome to this clean and inviting 3-bedroom, 2.5-bath home tucked against a peaceful greenbelt, creating a wonderful sense of privacy and beautiful views. The Boardman Wetlands Nature Park offers a scenic place to enjoy a walk right from home, it also offers a beautiful park to explore. Inside, new carpet and updated fixtures create a fresh, welcoming feel, completely ready to go for a new owner. The spacious living area features laminate hard floors throughout and a cozy gas fireplace. While central air keeps things comfortable during the warm months. Enjoy the ease of a very low-maintenance yard complete with water feature, plus an additional community yard and shed space just outside your fence. This home is turnkey and a wonderful combination of privacy and comfort.

4933 SE LUCAS CT, Milwaukie

$364,900

2 Beds ⋅ 1 Baths ⋅ 595397005 MLS

Welcome to a fresh vision of modern living nestled in the heart of the city. Monroe Commons Townhomes by Tasso Homes is a unique community where contemporary architecture meets everyday functionality. Carefully crafted facades set a tone of elegance, while the windows invite natural light to fill each open-concept interior. Every residence is designed to balance style and convenience, with high-quality finishes such as Under Cabinet Lighting, Stair tread Lights and Smart layouts that adapt to your evolving needs. featuring two bedrooms and one and a half baths. These residences offer Granite Countertops, Designer Tile Back Splashes, Soft-Close Cabinetry, Designer finishes throughout, High End Kitchen Aid Stainless Steel Appliances. The Open Great Room design is complemented by Engineered Hardwood flooring. Led Lighting, Ideally located within walking distance to stores and shopping, and just minutes from downtown Portland. . Whether you seek the quiet comfort of a tree-lined street or the excitement of city attractions just moments away, Monroe Street Commons invites you to experience a harmonious blend of relaxation and vitality—truly making it a place to call home. Walk Score 80

4836 SE Monroe AVE Unit #C, Milwaukie

$384,900

3 Beds ⋅ 2 Baths ⋅ 239532168 MLS

Located inside unincorporated Milwaukie, build sweat equity or remodel this fixer upper with a couple high-cost improvements already done: 2025 tear off roof, new 2026 high efficiency gas furnace and 2026 minisplit systems. New carpet. Oversized double car garage with garage opener. Former long-time owner loved her park-like .25ac yard with fruit trees and mature foliage. History records show this 1920 residence used to be a log home, It has been changed since and appears to have a newer foundation than 1920. Stone's throw to Rex Putnam High School, Trolley Trail, and Gladstone. Noted plumbing and electric issues. Sold as is preferred. Buyer to do due diligence. Seller is the personal representative for the Mary Jo Erickson Estate.

17619 SE ROSE ST, Milwaukie

$365,000

2 Beds ⋅ 1 Baths ⋅ 614784845 MLS

Picture a slow Sunday morning with coffee in downtown Milwaukie, around the corner from your new home. This 1925 one level home in Milwaukie pairs that easy, close location with real peace of mind: the HVAC and water heater are both newer, so the big projects are already behind you.Inside, 1,333 square feet hold two bedrooms, a den or office, and one bath, all on one level. A detached garage gives you parking, storage, or a workshop, set on a 0.12 acre lot.The location does a lot of the work. Downtown Milwaukie's shops and restaurants are close by, and the Milwaukie/Main St MAX station puts the Orange Line and TriMet buses within easy reach for a car-light commute into Portland.Whether it becomes your first home or a place you hold onto for years, the big updates are already taken care of. Detached, one level, and right by downtown, it's ready for someone to make it their own. Come see it and picture yourself at home here.

10911 SE MYRTLE ST, Milwaukie

$397,000

2 Beds ⋅ 1 Baths ⋅ 396255351 MLS

12730 SE 25th Ave is a single-story Portland home with hardwood flooring, a fireplace, and a picture window in the living room. The kitchen has white cabinetry, counter space, and stainless steel appliances. The full bathroom has a refreshed finish. A covered deck looks over a fully fenced yard, and an unfinished basement adds storage, laundry, and room for a hobby. [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10251743]

12730 SE 25TH AVE, Milwaukie

$152,777

2 Beds ⋅ 2 Baths ⋅ 743211141 MLS

Immaculate and move-in ready, this beautifully maintained single-level home offers thoughtful updates, stylish finishes, and exceptional storage. With just one step to the front door, accessibility and ease of living are built right in. The spacious living room flows seamlessly into the formal dining room, creating an inviting space for everyday living and entertaining. The chef’s kitchen is a standout, featuring expansive glass-tiled countertops, a coordinating glass-tile backsplash, abundant cabinetry, stainless steel appliances, a dedicated coffee bar, and a convenient breakfast bar. The wonderful primary suite features a walk-in closet and an en-suite bath with a walk-in shower, dual sinks, and additional closet storage. Stylish tile finishes and decorative tile trim add an elegant touch to the vanity, complete with dual porcelain sinks. A comfortable second bedroom provides a welcoming space for guests, while the utility room offers generous storage, a laundry sink, and a linen closet. The second bathroom features a beautiful vanity, upgraded sink, and tile surround in soft, opalescent tones. Outside, the oversized shop provides endless possibilities for woodworking projects, hobbies, additional storage, or a wonderful she-shed. A separate storage shed and an additional storage area provide even more room for tools, seasonal items, and belongings. Great 55 plus community conveniently located just minutes from shopping, dining, and everyday amenities, this exceptional home combines comfort, functionality, style, and convenience. Truly move-in ready and ready to welcome you home.

10523 SE LINWOOD AVE Unit #6, Milwaukie

12600 SE FREEMAN WAY Unit #71, Milwaukie

$225,000

2 Beds ⋅ 1 Baths ⋅ 594310551 MLS

Easy condo living, a peaceful interior location and resort-style amenities make this Milwaukie home an inviting place to settle in! This 2-bedroom, 1-bath condo offers 903 sq. ft. with a comfortable layout designed for low-maintenance living. The spacious living room features a cozy fireplace, built-in shelving and a large window overlooking mature trees, while the adjoining dining area is surrounded by windows and opens to a private covered balcony, perfect for morning coffee or unwinding outdoors. The kitchen offers extensive cabinetry, great prep space and all appliances. There's a convenient in-unit stacked washer and dryer nearby. Both bedrooms provide comfortable space. Tucked into the middle of the complex, the condo enjoys a quieter setting away from road noise while remaining close to the community pool, hot tub and garage parking. Tree-filled grounds and landscaped common areas create a welcoming setting right outside your door. HOA dues cover water, sewer, trash, landscaping, professional management, exterior maintenance and access to the pool and hot tub. Exterior improvements include vinyl windows, siding, exterior paint and a roof replaced in 2018. Conveniently located near shopping, North Clackamas Park, downtown Milwaukie and the MAX Orange Line, with easy access to everyday necessities and Portland. A great opportunity to enjoy your own space without all the upkeep of a traditional home!

12600 SE FREEMAN WAY Unit #71, Milwaukie

$135,000

3 Beds ⋅ 2 Baths ⋅ 197027039 MLS

Welcome Home! Step inside this beautifully maintained, open-concept home featuring a fabulous kitchen with a brand-new glass-top range, built-in microwave, and refrigerator. Everything is sparkling clean, fresh, and ready for you to move right in! The spacious layout offers a large living room, a wonderful breakfast bar that’s perfect for casual meals, and a formal dining room for entertaining. The generous primary suite includes a private bath and walk-in closet. You’ll also find two additional exceptionally spacious bedrooms. Additional highlights include high ceilings, recessed lighting, and a front-load washer and dryer included for your convenience. Outside, enjoy a wonderful yard with a shed, ready for your gardening ideas and outdoor projects. Located in a friendly neighborhood close to shopping and restaurants, this home offers comfort, space, and convenience. Come see all it has to offer—you’ll love calling it home!

8190 SE POPPY ST, Milwaukie

$99,999

3 Beds ⋅ 2 Baths ⋅ 431745981 MLS

Welcome to easy living in this quiet, established 55+ community, where comfort and convenience come together. This home offers peace of mind with numerous major system updates already completed, including a Trane gas furnace, water heater, and ADA ramp installed in 2023. In 2024, major updates include a new roof, insulation, double-pane vinyl windows, underbelly insulation, and wrapped ductwork for enhanced efficiency. Additional improvements continue with a heat pump and updated electrical outlets in 2025, along with a new electrical panel/fuse box, garbage disposal and fresh interior paint in 2026. Step outside to a fully fenced backyard with a privacy wall along the driveway—ideal for relaxing or entertaining. Covered front and back porches extend your living space year-round, while a storage shed adds extra convenience. Residents also enjoy access to the clubhouse, featuring a full kitchen, pool table, indoor and outdoor lounging areas, on-site laundry facilities, RV storage, picnic areas, and a dedicated dog park. Conveniently situated near restaurants, shopping, and public transportation, this home offers both comfort and community in a desirable location. OPEN HOUSE-Sun 9/12 from 1:30-3:30 pm

3500 SE CONCORD RD Unit #8, Milwaukie

$349,000

2 Beds ⋅ 1 Baths ⋅ 381895419 MLS

1920s bungalow offering simple, single-level living with plenty of potential! This approximately 960 sq. ft. home features 1 bedroom plus a versatile bonus room perfect for a home office, hobby space or additional flex space. The exterior-access basement provides additional room for storage and includes the washer and dryer and extra, carpeted room. Situated on an oversized lot, the property offers manageable outdoor space with room to make it your own. Full of vintage charm and possibilities, this cozy home is a great opportunity for anyone looking to simplify, invest, or add their own personal touches. Conveniently sized and ready for its next chapter!

5816 SE FIRWOOD ST, Milwaukie

$350,000

2 Beds ⋅ 1 Baths ⋅ 417917335 MLS

Fabulous investment opportunity with one side of this well maintained duplex, positioned in a desirable and growing location! Sharing one wall, a separate garage, parking, access to backyard space, dishwasher and washer/dryer. Currently occupied by reliable tenants on an annual lease, who have established a proven track record of residency - paying $1585 per month. Their expressed desire to stay long-term has ensured a steady stream of rental income, minimizing turnover costs. This well-cared-for unit represents a prime investment opportunity!

3944 SE MONROE ST Unit #A, Milwaukie

$325,000

2 Beds ⋅ 1 Baths ⋅ 786177366 MLS

Fabulous investment opportunity to own one side of this well maintained duplex, positioned in a desirable and growing location! Sharing one wall, a separate garage, parking, access to backyard space, dishwasher and washer/dryer. Currently occupied by reliable tenants on an annual lease, who have established a proven track record of residency. Their expressed desire to stay long-term has ensured a steady stream of rental income, minimizing turnover costs. This well-cared-for unit represents a prime investment opportunity!

3942 SE MONROE ST, Milwaukie

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