97202 Homes between $1,500,000 and $2,000,000 for Sale

The real estate market around the 97202 area offers a diverse selection of homes that cater to a variety of lifestyles and preferences. This vibrant neighborhood showcases a blend of contemporary architecture and classic designs, appealing to both families and professionals alike. Many of these homes boast spacious layouts, modern amenities, and beautifully landscaped gardens, providing an inviting atmosphere. Additionally, the local community is enriched by proximity to parks, top-rated schools, and a wealth of dining and shopping options, making it an ideal location for those seeking an engaging urban environment. With its unique character and charm, the 97202 area continues to attract buyers looking for luxury living in a dynamic setting.

Our website features the best real estate search for homes between $1,500,000 and $2,000,000 available in 97202 and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes.

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Newest 97202 Homes between $1,500,000 and $2,000,000 for Sale

$1,750,000

590734268 MLS

Rare opportunity to own a brand-new five-unit investment property in the heart of Sellwood-Moreland! The thoughtfully designed unit mix includes three 2-bedroom residences offering approximately 812 square feet each and two spacious 3-bedroom residences offering approximately 1,140 square feet each—approximately 4,716 total square feet. Each home features modern finishes, efficient floor plans and the low-maintenance benefits of new construction. Located at 2515 SE Tacoma Street, just steps from Westmoreland Park with walking paths, athletic fields, tennis courts, a nature-based playground and Sckavone Stadium. Enjoy convenient access to neighborhood shopping, dining, recreation and transportation. An excellent turnkey opportunity for investors seeking multiple income-producing units in one highly desirable location. [Home Energy Score = 9. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10251129]

2505 SE Tacoma ST, Portland

$1,900,000

3 Beds ⋅ 2 Baths ⋅ 220321418 MLS

The Atrium House is a rare architectural gem in the heart of the Richmond neighborhood, just blocks off trendy Division St. This infill project by Capsule Development brings custom-quality design to the Eastside—where creativity, craftsmanship, and nature meet. This modern masterpiece features soaring ceilings, heated concrete floors, & a stunning three-story atrium. Anchoring the living space is a steel staircase, fabricated locally in Portland, spanning all 3 levels. The lower level boasts a cedar dry sauna paired with a custom steel cold plunge & shower, creating a private wellness retreat. Lush, curated greenery surrounds the space, enhancing the sense of calm & relaxation. On the main floor, the chef’s kitchen is equipped with high-end, built-in appliances from Bertazzoni and Fisher & Paykel. Throughout the home, the custom ash cabinetry was charred using traditional Japanese Shou Sugi Ban technique, offering enduring beauty and a refined timeless aesthetic. Luxury materials like Maori Brazilian granite slabs elevate the kitchen & baths. Just off the dining room, sliding doors open to the back patio for seamless entertaining. In the living room, a RAIS wood stove serves as both a cozy heat source and a striking sculptural centerpiece. One of the most distinctive features of the house is that it comes fully furnished, with pieces specifically crafted to reflect and elevate the home's modern, natural aesthetic. Upstairs, you’ll find all 3 bedrooms, a dedicated laundry area, and a guest bath. Each bedroom features its own balcony—perfect for enjoying fresh morning air or a relaxing evening breeze. Floor-to-ceiling windows flood the space with natural light, enhancing the open, airy feel throughout. Out front, rolling shutters add a dramatic architectural touch while offering both privacy and adjustable light control. A truly one-of-a-kind property that celebrates thoughtful design & modern living in one of Portland’s most sought-after neighborhoods. [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10191104]

3112 SE 36TH AVE, Portland

$1,550,000

592486582 MLS

Rare opportunity to own an income-generating property with two detached homes on a spacious 13,000 sq ft RM2-zoned lot in desirable SE Portland. The 1,944 sq ft duplex offers two separate 2-bedroom, 1-bath units, plus a 964 sq ft unfinished basement. The second home provides approximately 1,682 sq ft with 3 bedrooms, 2.5 baths, and an additional 864 sq ft basement. Both homes feature fully fenced yards and share a detached three-car garage, with one space for the duplex and two for the second home. RM2 zoning provides future development flexibility, including potential for a larger, multi-story multi-dwelling project, subject to zoning requirements and buyer verification. An excellent opportunity for investors, owner-occupants, or multi-generational living, with multiple avenues for rental income and long-term growth. Conveniently located just six blocks from New Seasons Market and Clinton Community Garden, with nearby restaurants, coffee shops, parks, and neighborhood amenities. A rare SE Portland property offering immediate income potential, flexibility, and future development possibilities.

3124 SE 20TH AVE, Portland

$1,550,000

508968141 MLS

3124 SE 20th Ave presents an exceptional multifamily development site in the highly desirable Hosford-Abernethy neighborhood. This level 0.3-acre property offers developers a strategic opportunity to design a signature residential community, whether an elegant mid-rise apartment complex or a thoughtfully composed townhome enclave. Zoned RM2, the flat terrain allows for efficient vertical construction while accommodating up to 60-70 percent lot coverage and elevations up to four stories. The site's development metrics feature highly sought after floor area ratios, starting with a base of 1.5:1 and expanding up to a 3:1 ratio when incorporating Portland's affordable housing density bonuses. Positioned just off SE Powell Boulevard and adjacent to SE Division Street, future residents will enjoy immediate access to Portland's celebrated culinary scene, the Clinton Street theater district, Cleveland High School, and downtown transit routes. Existing onsite rental properties may provide interim income while finalizing architectural designs and city permitting. Buyers must independently verify all specific density allowances, structural parameters, and development regulations with the City of Portland.

3124 SE 20TH AVE, Portland

$1,554,600

203236971 MLS

Rare new construction multifamily opportunity in SE Portland! This thoughtfully designed four-unit property offers modern construction, quality finishes, energy-efficient systems, and desirable features throughout, making it an excellent opportunity for investors or owner-occupants. Each residence features a functional two-level layout with stylish LVP flooring on the main level, contemporary kitchens with quartz countertops, islands/eatbars, stainless steel appliances, and convenient in-home laundry. Upper levels offer comfortable bedrooms with wall-to-wall carpeting, generous walk-in closets, and well-appointed bathrooms, including private ensuites in select units. Dining areas feature sliding doors opening to private outdoor spaces, while fully fenced yards and patios provide valuable outdoor living space. An impressive attic area with vaulted ceilings and a large skylight adds versatility and natural light.Built for comfort, performance, and energy savings, these Energy Trust of Oregon EPS Certified and ENERGY STAR® certified homes are designed to be approximately 27–30% more energy efficient than homes built to current Oregon code. Features include a tight building envelope, R-23 blown-in blanket fiberglass wall insulation, high-efficiency ductless heat pumps, ENERGY STAR® appliances, a high-efficiency heat pump water heater, and an Energy Recovery Ventilation (ERV) system that continuously supplies fresh outdoor air while improving indoor air quality. ENERGY STAR® bath fans provide quiet operation, while third-party inspections and performance testing help ensure efficiency and quality. All-electric and solar-ready, these homes offer lower utility costs, modern energy-efficient systems, private outdoor areas, and low-maintenance living in a thoughtfully designed new construction community. Buyer to verify all information, dimensions, permits, zoning, and applicable development requirements. Very close to Division and local attractions.

3940 SE IVON ST, Portland

$1,750,000

272692846 MLS

Modern 2018-built six-unit property in the heart of Sellwood, just minutes to the neighborhood’s retail corridor, New Seasons Market, cafes, restaurants, pubs, boutiques and the MAX Orange Line. The building offers a desirable mix of large one-, two- and three-bedroom flats averaging approx. 915 SF, a rare unit profile in a market dominated by smaller apartments. Each residence includes a private deck or patio, open kitchen, marble countertops, stainless steel appliances, in-unit washer/dryer, high-efficiency ductless mini-splits for heating and cooling and tankless water heaters. Large windows and vaulted 9-foot ceilings bring in natural light, while luxury plank flooring, custom wood cabinetry, tile backsplashes and designer lighting create a polished modern feel. Durable hardi plank siding, natural wood and brick accents, two large garages, surface parking and bike parking round out the offering. Near Springwater Trail, Sellwood Riverfront Park, Oaks Bottom and transit.

1906 SE TACOMA ST, Portland

$1,800,000

4 Beds ⋅ 3 Baths ⋅ 663108885 MLS

Situated on one of Eastmoreland's most sought-after streets, this distinguished residence sits on an exceptionally large, oversized lot—an offering rarely found within the neighborhood and one that reflects the scale and stature of the surrounding grand homes. Mature landscaping and classic curb appeal set the tone for this timeless property.Inside, old-world architectural details abound, including ornate wood paneling, stained-glass accents, a sweeping two-story staircase, and a charming telephone alcove among the home's many original features. Generously proportioned rooms create a sense of volume and refinement throughout. The main floor includes a den or office, a spacious kitchen, inviting living areas, and a thoughtfully updated sunroom that provides a bright and welcoming extension of the main living spaces.The fully finished lower level expands the home's flexibility and livability, offering a spacious family room, home theater, full bath, and a fourth legal bedroom. A separate bonus space behind the garage provides exceptional versatility and is ideal for a home office, art studio, fitness room, creative retreat, or potential future ADU opportunity (buyer to verify feasibility). Thoughtfully maintained and updated throughout, this is a rare opportunity to own a distinguished residence in one of Eastmoreland's most treasured settings.

3328 SE CRYSTAL SPRINGS BLVD, Portland

$1,650,000

582178747 MLS

Commercial building with great frontage along SE Milwaukie, will be vacated at time of closing. Great opportunity of owner/occupied with live/work potential.

4033 SE MILWAUKIE AVE, Portland

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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

97202 Homes between $1,500,000 and $2,000,000 for Sale

Newest 97202 Homes between $1,500,000 and $2,000,000 for Sale

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