Portland Homes under $400,000

Welcome to Portland, Oregon—a vibrant city known for its stunning natural beauty, eclectic culture, and a thriving food scene that has earned it the nickname "Foodie Paradise." Nestled between the majestic Cascade Mountains and the sparkling waters of the Willamette River, Portland offers a unique blend of urban sophistication and outdoor adventure. From the iconic Powell's City of Books to the picturesque Washington Park, there’s always something to explore in this dynamic metropolis.

For those looking to make Portland their home, the good news is that the city offers a range of housing options, including charming homes under $400,000. Whether you’re a first-time homebuyer or looking to invest, Portland’s real estate market has something for everyone. These affordable homes can be found in various neighborhoods, each with its own unique character. From the historic charm of Northeast Portland to the artistic vibes of the Alberta Arts District, you’ll find a diverse selection of properties that fit your budget without compromising on style or location.

Imagine waking up in a cozy bungalow surrounded by lush gardens or a modern condo just steps away from local coffee shops and vibrant nightlife. With a strong sense of community and a commitment to sustainability, Portland is not just a place to live; it’s a lifestyle. Don’t miss the chance to find your perfect home in this remarkable city, where the spirit of adventure and the comforts of home come together beautifully. Explore your options today and discover why Portland is an ideal place to call home!

Newest Portland Homes under $400,000

$350,000

2 Beds ⋅ 1 Baths ⋅ 771036594 MLS

There’s something especially appealing about having a home that feels completely your own—without taking on more space or upkeep than you need. This completely detached cottage brings plenty of light, personality, and independence to a lively pocket of SE Portland, with coffee, parks, restaurants, shops, and everyday essentials close at hand.Life settles into an easy rhythm here. Start the morning at your table with coffee as sunlight streams through the big windows. When the weather turns, curl up by the fireplace and let the day slow down. The open kitchen keeps you connected to the rest of the living space, whether you’re making a quiet dinner for yourself or catching up with friends while you cook.Quartz counters, stainless steel appliances, and generous storage make it equally ready for a quiet dinner at home or friends arriving at the door.Then slide open the glass doors and take the living outside. A private patio and low-maintenance yard give you just the right amount of room for a BBQ, outdoor table, a few pots, and maybe some herbs or tomatoes when spring rolls around. It’s outdoor space you’ll actually use, without turning Saturday into a yard-work marathon.Upstairs, two bedrooms create a comfortable retreat from the main living level. Make the second bedroom whatever you need it to be—a guest room, office, workout space, or creative studio. With laundry nearby and thoughtful storage throughout, the everyday stuff stays simple and within reach.And then there’s the neighborhood. Mt. Scott Park and Community Center are just a few blocks away, putting green space, recreation, and a community pool close to home. Head to Woodstock for groceries, coffee, dinner, drinks, and neighborhood shops. Reed College and Woodstock Park are nearby, too, giving you plenty of reasons to get outside and explore this corner of SE Portland.Artisan at Ramona delivers the independence of a detached home in a manageable footprint. [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10245172]

6491 SE Ramona ST Unit #B, Portland

$340,000

2 Beds ⋅ 2 Baths ⋅ 372904763 MLS

Light-filled townhome with sweeping views in a gated community. The spacious open floor plan features vaulted ceilings, LVP flooring, a wood-burning fireplace, and a wall of windows framing green space, the lights of Camas, and the mountains beyond. The kitchen offers French cabinetry, granite counters, stainless steel appliances and tile flooring with a breakfast nook. The primary suite includes a full bath and walk-in closet. The second bedroom has its own full bath, a walk-in closet, and a private deck. On the third floor, a finished attic with skylights and its own heating and AC makes an ideal office, media or game room, or extra storage. A detached two-car garage is accessed through a private courtyard.

14547 NE STANTON CT, Portland

$400,000

3 Beds ⋅ 1 Baths ⋅ 273770636 MLS

VALUE IN THE LAND! Excellent opportunity on a spacious 9,000 SF corner lot in close-in SE Portland, just blocks south of the vibrant Foster-Powell (FOPO) neighborhood. The large corner lot offers intriguing possibilities for redevelopment, new construction, or a substantial renovation of the existing home. Convenient location near shopping, restaurants, parks, transit, and the many amenities along the Foster corridor, with easy access to downtown Portland and major commuter routes. Existing home is a significant fixer and will not qualify for conventional financing. Bring your builder, contractor, or vision and explore the potential this well-located property has to offer. Buyer to perform due diligence regarding development possibilities and permitted uses.

5230 SE 67TH AVE, Portland

$349,900

2 Beds ⋅ 2 Baths ⋅ 595843610 MLS

Nestled in the heart of Brentwood Darlington, I pair detached cottage living and low maintenance ease with a full appliance package in one outstanding Southeast Portland offering. Unlike many other new construction homes, I am not a condo and have no HoA. You own the underlying lot outright and have no additional monthly dues to worry about. Crafted by a local family builder with roots in finish carpentry, I reflect enduring craftsmanship, forward thinking design, and a commitment to strengthening Portland’s neighborhoods. Built better from the finish up. Inside, I offer 978 square feet with 2 bedrooms and 2½ bathrooms across an efficient two level plan. My open main level brings the kitchen, dining, and living spaces together for comfortable daily living and easy entertaining. Solid surface countertops, practical storage, and a peninsula island with eat bar support everything from quick meals to hosting friends. A full appliance package with refrigerator, washer and dryer, along with included window coverings, helps ease the move in process. Mini split heating and cooling on my main level and in each bedroom provides efficient year round comfort throughout every key living space. Upstairs, two bedrooms and two full bathrooms offer privacy and everyday function, while tasteful coffered ceilings add an elevated finish detail. Outside, my patio provides room for dining, planters, morning coffee, or unwinding in the fresh air without taking on extra upkeep. Brentwood Park is just up SE 60th with paved paths, picnic areas, play spaces, sports fields, volleyball, and open green space, while the nearby community garden adds to the rooted neighborhood feel. Woodstock New Seasons, Mt. Scott Community Center, Foster area dining, neighborhood coffee, parks, errands, and bike routes are all within easy reach. Nearby Woodstock shops and restaurants add even more convenience, helping me live larger than my footprint in everyday Southeast Portland style.

7045 SE 60th AVE, Portland

$324,900

2 Beds ⋅ 2 Baths ⋅ 548784810 MLS

Welcome to polished new construction in Portland’s Reed neighborhood, where my 88 Bike Score and proximity to Reed College put parks, restaurants, neighborhood essentials and Crystal Springs Rhododendron Garden close at hand. Woodstock, Brooklyn and Westmoreland expand your options for coffee, dining, shopping and recreation while I maintain a quieter residential setting in close in SE Portland. Crafted by a local boutique builder known for elevated interior detailing, I stand apart with illuminated crown molding, architectural built ins, designer accent walls and layered lighting throughout. My open main level connects the kitchen, dining and living spaces for an easy everyday flow. In my kitchen, rich cabinetry, an intricate backsplash, floating shelves and accent lighting create a warm, polished backdrop, while the living area is anchored by a dramatic feature wall with built ins and soft ambient lighting. A guest bathroom continues the distinctive design with moody finishes and elegant tilework. Upstairs, my primary suite and spacious secondary bedroom feature soaring ceilings, oversized windows and perimeter lighting that adds another layer of architectural interest. My thoughtful bedroom separation offers flexibility for guests, shared living, work from home needs or additional privacy. Outside, my private fenced yard and patio create room for morning coffee, gardening, pets or relaxing outdoors. With refined finishes, distinctive details and a location near Reed College and some of Southeast Portland’s favorite neighborhoods, I bring character and convenience together in a brand new home. 100% financing may be available to qualified buyers; ask for details. The list price reflects buyer eligibility for the Portland Housing Bureau System Development Charge exemption program, with owner occupancy as the primary buyer requirement.

5169 SE 28th AVE, Portland

$339,900

2 Beds ⋅ 2 Baths ⋅ 451710989 MLS

Directly across from Peninsula Park, I offer brand new living in one of North Portland’s most recognizable neighborhood settings, with the rose garden, open lawns, playground and walking paths just steps from my front door. Built by a multi year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, I feature two bedrooms, two and a half bathrooms and 903 square feet thoughtfully designed for comfortable everyday living within a new five home N Albina community. My open main level connects the kitchen, dining and living areas, creating an inviting space to cook, gather and unwind. Custom cabinetry, solid surface countertops, stainless steel appliances, an island and practical storage bring function and style to the kitchen, while a convenient half bathroom completes the main level. Just off the living room, my private fenced yard space includes a small patio, giving you a comfortable spot for morning coffee, fresh air, pets or a little outdoor space of your own. A gated entry adds an extra layer of controlled access and peace of mind. Upstairs, both bedrooms feature their own private ensuite bathroom, creating flexibility for shared living, guests, a home office or added privacy. Mini splits provide efficient year round heating and cooling, and a one year builder warranty offers added peace of mind after closing. With a Walk Score of 74 and a Bike Score of 100, my N Albina location makes it easy to enjoy Peninsula Park, explore the restaurants, shops and neighborhood energy along Mississippi and Williams, or use nearby Killingsworth, Interstate and the MAX Yellow Line for groceries, dining, errands and connections around Portland. My list price is subject to buyer eligibility for the Portland Housing Bureau SDC exemption program and buyer must be owner occupied. I also benefit from the HOLTE 10 year property tax abatement, offering significant potential savings for an eligible buyer.

6187 N Albina AVE Unit #2, Portland

16417 NW CHADWICK WAY Unit #203, Portland

$290,000

2 Beds ⋅ 2 Baths ⋅ 518983699 MLS

Within the gated community of West Park at Bethany Condo, 16417 NW Chadwick Way, Portland OR 97229 encompasses 920 square feet, built in 2018 and renovated in 2026. In Portland, the home connects to Springville and Westview. The main interior features a fireplace to gather around on cool evenings. The kitchen is equipped with quartz countertops and stainless steel appliances for preparing meals at home. A dedicated laundry room provides utility space, while an attached garage supplies direct parking. Outside, a patio opens to a fenced yard for fresh air and outdoor dining. Enjoy updated condominium living in West Park at Bethany Condo.

16417 NW CHADWICK WAY Unit #203, Portland

$267,500

1 Beds ⋅ 1 Baths ⋅ 737100850 MLS

Rarely available EAST-FACING residence offering a spectacular urban panorama encompassing the Pearl District, downtown skyline, Fremont Bridge, Mt. St. Helens and Mt. Adams. Immaculately presented and freshly renovated, this exceptional one-bedroom features brand new TAS laminated floors throughout—not vinyl plank—along with a sophisticated kitchen finished in satin-black cabinetry and upgraded GE, Electrolux and KitchenAid appliances. Dramatic 9’ exposed-concrete ceilings provide volume and architectural character. One of a handful of 1 bedroom units that comfortably accommodate a king-size bed. Enjoy effortless lock-and-leave living in a Class A high-rise of concrete-and-steel construction by renowned developer Gerding Edlen. The LEED Gold-certified property was meticulously designed for environmental responsibility, energy efficiency and sustainability. Residents enjoy 24/7 concierge and security, plus highly desirable deeded PARKING—an end space ideally located near the elevators—and a large deeded STORAGE UNIT offering more than 200 cubic feet of secure, bonus storage located in the underground garage. Whirlpool Duet high-capacity washer and dryer and built-in microwave all included. High-efficiency heat-pump for forced-air heating and cooling. Solid HOA financials, the dues include gas, water, sewer, hot-water, trash/recycling, building maintenance & insurance, 24/7concierge/security and professional property management. Ideally situated at the crossroads of the Pearl, Alphabet District, Downtown and Goose Hollow, with the MAX train just steps away for convenient connections to Nike, Intel and PDX Int’l Airport. 99 Walk Score, 82 Transit Score and 91 Bike Score. No rental cap; 30-day minimum lease. Furniture, kitchenware and electronics are negotiable, providing an exceptional opportunity for a turnkey city residence, pied-à-terre or furnished investment.

1926 W BURNSIDE ST Unit #807, Portland

$399,999

3 Beds ⋅ 2 Baths ⋅ 755116475 MLS

Incredible opportunity on a remodeled & updated 1941 ranch home on an almost 8,000 sq. ft. fenced lot. This is no cookie-cutter; this is a unique and much-loved home. Gated driveway with room for 4 to 6 cars, RV, boats and more. Large tool shed. Near Mt. Scott, Leach Botanical Garden, Powell Butte and numerous trails, parks and schools. Updated kitchen with Island and French doors onto the brand-new cedar deck. Newer roof, gutters and downspouts (2023), TPO roofing (2017). Heat pump & A/C mini-split system (2017), plus updated plumbing 2021 and electrical. Primary suite with beamed ceilings, walk-in closet and private bathroom. 3rd bedroom is non-conforming. Great price on a great house. Check out the 3D tour and floor plan.

6000 SE 128TH AVE, Portland

$314,900

2 Beds ⋅ 2 Baths ⋅ 423554037 MLS

From neighborhood coffee runs to evenings on my private patio, I make close in Portland living feel easy. In Sellwood-Moreland, I’m a brand new condo with a bright, open main level that welcomes natural light through large windows, creating an inviting space to cook, gather and unwind. My kitchen pairs solid surface countertops, custom cabinetry, stainless steel appliances and tile accents for a polished finish with everyday function. Upstairs, both bedrooms feature tray ceilings and their own private full bathroom, offering comfort and flexibility for guests, shared living or a home office. In unit laundry adds convenience, and energy efficient mini-splits provide year round heating and cooling. My fenced patio gives you a place to enjoy morning coffee or relax outdoors, while a one year builder warranty offers peace of mind as you settle in. With a Walk Score of 89 and Bike Score of 95, my location puts neighborhood favorites like Blue Kangaroo Coffee Roasters, Grand Central Bakery, Bible Club and Moreland Ale House within easy reach. Sellwood Riverfront Park, Westmoreland Park and the Springwater Corridor offer nearby opportunities to get outside, while access to the MAX Orange Line and bus routes provides more ways to get around. Every detail reflects the vision of a multi-year Street of Dreams builder, blending elevated design with everyday livability and backing every home with an exceptional warranty. This is how your home was meant to be. My list price is subject to the Portland Housing Bureau’s SDC Program. Buyers must occupy the home as their primary residence to qualify.

1865 SE Tacoma ST Unit #3, Portland

$389,900

262783738 MLS

Charming Duplex w/ upgrades! Two 2BR/1BA units. Both units are vacant, making them ideal for an owner-occupant or an investor. Lots of updates like Newer windows, roof, paint, and more. Showings are easy. Don't miss this rare opportunity!

12110 SE Market ST, Portland

$389,900

4 Beds ⋅ 2 Baths ⋅ 401369357 MLS

12110 SE Market ST, Portland

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