97203 Real Estate Search

97203 Homes between $1,500,000 and $2,000,000 for Sale

The 97203 area boasts a vibrant real estate market, characterized by a diverse array of homes that attract buyers seeking both charm and modern amenities. Nestled in the picturesque landscape of the Pacific Northwest, this neighborhood offers properties that feature stunning architectural designs, spacious interiors, and beautifully landscaped yards. Residents enjoy easy access to local parks, trendy restaurants, and a strong sense of community, making it an ideal place for families and professionals alike. The proximity to public transportation and major highways further enhances the appeal, allowing for convenient commutes to nearby urban centers. With its unique blend of character and convenience, the 97203 neighborhood presents an enticing selection of homes for discerning buyers looking to invest in this desirable locale.

Our website features the best real estate search for homes between $1,500,000 and $2,000,000 available in 97203 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 97203 Homes between $1,500,000 and $2,000,000 for Sale

$1,739,900
207223178 MLS
New construction detached cottage portfolio near St. Johns offering four detached homes in one North Portland location with a projected 5.09% cap rate at stabilization. The offering includes 6605 N Seneca St, 9411 N Macrum Ave, 9415 N Macrum Ave, and 9421 N Macrum Ave, totaling 4,868 square feet with 12 bedrooms, 8 full bathrooms, and 4 half bathrooms across the four homes. Each residence offers 3 bedrooms and 2.1 bathrooms, with living, dining, kitchen, and half bath on the main level, plus all bedrooms, 2 full bathrooms, and laundry upstairs. The two larger homes offer 1,253 square feet each, while the two interior homes offer 1,181 square feet each. 6605 N Seneca St includes the premium yard space in the community, while 9421 N Macrum Ave offers an end position with patio space. Whole home ducted heat pump systems provide efficient year round heating and cooling, while whole house ventilation and one year builder warranties add to the new construction package. This offering gives investors four detached rental homes with separate addresses, efficient footprints, individual outdoor areas, and broad tenant appeal. Near downtown St. Johns, Cathedral Park, Pier Park, New Seasons Market University Park, local coffee, food carts, restaurants, transit, bike routes, Lombard access, and connections toward University Park, Kenton, and downtown Portland, the location supports everyday convenience and long term rental demand. Projected cap rate, rental assumptions, and expenses are approximated and should be independently verified.

6603 N Seneca ST, Portland
$1,725,000
667519561 MLS
Rare Net leased investment opportunity in the heart of St. Johns. Quality tenants and leases in place. Some leased second floor offices. Upside in finishing second floor that is unfinished. Strong Proforma CAP rate over 8%. Includes parking lot behind. Opportunity to own second building adjoining at 8523-27 N Lombard.

8535 N LOMBARD ST, Portland
$1,650,000
177048273 MLS
8220-8236 N Edison Street is an attractive opportunity to acquire a well-located 9-unit multifamily asset in one of North Portland’s most walkable and character rich neighborhoods. Positioned in the heart of St. Johns, the property benefits from strong rental demand driven by the area’s neighborhood amenities and iconic views of the St.Johns Bridge.The property offers a desirable living environment with on-siteparking, bike storage, and shared laundry facilities in one of Portland’s most distinctive neighborhoods. Located just minutes from the St. Johns commercial district, tenants enjoy walkable access to local coffee shops, restaurants, parks, and everyday retail amenities. Cathedral Park, the Willamette River waterfront, and multiple transit options are all nearby, creating a highly livable, pedestrian friendlysetting that continues to attract a diverse renter base.For investors, this offers a stable multifamily investment in asupply constrained submarket with strong fundamentals. St. Johnscontinues to experience steady population growth and increasingdemand for well located rental housing. The property’s manageablescale, attractive neighborhood setting, and classic Portland character create an appealing opportunity for both seasoned investors and those seeking to enter the Portland multifamily market.8220 N Edison offers a combination of location, livability, and long term upside within one of Portland’s most distinctive neighborhoods.

8220 N EDISON ST, Portland
$1,718,000
271936638 MLS
PRIME INVESTMENT OPPORTUNITY- 8 Plex in a highly walkable Portsmouth Neighborhood on two separate lots, with a 9% rent increase coming August of 2026. Rare opportunity to acquire a well-located 8-unit multifamily property. Situated on 0.58 acers in the desirable and highly walkable Portsmouth neighborhood. This well maintained property has a newer 50 year roof and features eight 2 bedroom, 1 bath units, each equipped with a refrigerator and range, filled with natural light, large common front yard offering open green space. On site coin laundry and assigned parking located at the rear of the property. An excellent opportunity for investors seeking steady rental income in a strong location, or for owner-operators looking for solid long term assets in a sought after neighborhood.

8309 8315 N DWIGHT AVE, Portland
$1,799,900
24513832 MLS
Don’t miss this incredible chance to expand your portfolio with 5 beautifully designed detached homes, each featuring 2 bedrooms and 2.1 baths, located in the highly desirable St. Johns neighborhood. These impeccably crafted residences are just 0.3 miles from an array of amenities, including coffee shops, grocery stores, parks, and trendy restaurants. Each home boasts an open-concept layout that is perfect for modern living. You’ll be impressed by the kitchens, showcasing warm cabinetry, stunning tilework, sleek black finishes, and gleaming stainless steel appliances. The seamless flow from the kitchen to the dining area and living room makes these homes ideal for entertaining or simply enjoying time with loved ones. Each living room opens to a private yard space, enhancing outdoor enjoyment. Upstairs, discover spacious primary suites and additional bedrooms, all drenched in natural light from lofty ceilings and expansive windows. Invest confidently in this new construction, complete with a 1-year builder warranty from a 2025 Builder of the Year award winner and respected multi-year Street of Dreams builder. This is a fantastic opportunity to bolster your investment portfolio in a thriving community.

6917 N Bank ST, Portland
$1,899,000
22390670 MLS
Fully leased, income-producing 7-unit multifamily asset in North Portland, well suited for a 1031 exchange buyer seeking stable cash flow, diversified unit mix, and modern construction in a single acquisition. The property includes six newer-construction condominium residences plus a detached single-family home, offering multiple income streams and reduced operational concentration risk. The newer units feature efficient, renter-driven open-concept layouts with contemporary finishes, solid surface countertops, modern cabinetry, and neutral design selections that support strong leasing performance and long-term tenant retention. Unit mix ranges from studio to three-bedroom residences, allowing exposure to a broad tenant base and resilience across market cycles. The detached two-bedroom home includes a basement providing substantial storage and functional flexibility, enhancing tenant usability and operational convenience. The property is fully occupied, allowing an investor to step directly into stabilized income with no lease-up exposure. Located near the Cathedral Park neighborhood, one of North Portland’s most recognizable and tenant-favored areas, known for its riverfront setting beneath the iconic St. Johns Bridge, expansive green space, community events, and strong neighborhood identity that consistently drives rental demand. The location offers approximately 1.5 miles to Cathedral Park itself, under 1 mile to Pier Park and Columbia Park, and convenient access to dining, neighborhood retail, and services along N Lombard Street within roughly 0.75 miles. A 94 Bike Score and 91 Walk Score, nearby transit options, and proximity to employment centers and outdoor amenities further support long-term tenant appeal and durable rental performance. A rare opportunity to acquire a turnkey, stabilized multifamily investment combining modern construction, diversified income, and one of North Portland’s most sought-after neighborhood settings in a single cohesive package.

7206 N SAINT LOUIS 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.