97206 Real Estate Search

97206 Homes between $1,500,000 and $2,000,000 for Sale

The real estate market in the 97206 area offers a vibrant selection of homes that cater to those seeking upscale living environments. These properties vary in style, from contemporary designs to charming historic builds, providing potential buyers with a diverse range of aesthetic options. Many homes in this category boast spacious interiors, high-end finishes, and ample outdoor space, perfect for entertaining or enjoying quiet evenings. The neighborhoods in 97206 are known for their strong sense of community, proximity to parks, and local amenities, making it an attractive choice for families and professionals alike. With the ongoing development and investment in the area, purchasing a home here presents an excellent opportunity for those looking to invest in a desirable location. Surrounding amenities, including schools, shopping districts, and recreational facilities, further enhance the appeal of living in this vibrant part of the city.

Our website features the best real estate search for homes between $1,500,000 and $2,000,000 available in 97206 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 97206 Homes between $1,500,000 and $2,000,000 for Sale

$1,995,000
368676783 MLS
No sign at property. Please do not disturb tenants or walk the lot. Absolutely turnkey 11 unit building with all new systems and finishes. Diverse mix of 1 bedroom, 2 bedroom, and one 3 bedroom units. Great close in location across from popular food carts and on the bus line. Ample on site parking. Market rents but room to grow. Onsite laundry, additional storage units for rent. Perfect no drama property in fast appreciating Foster Powell.

3823 SE 52ND AVE, Portland
$1,600,000
473429998 MLS
Excellent condition - fully leased triple net investment - 7% return- 3 floors of income. Call for details!

6504 SE FOSTER RD, Portland
$1,599,950
432955097 MLS
Turnkey New Construction Investment Opportunity – Earth Advantage Platinum | SE Portland. Rare opportunity to acquire a high-performance, design-forward rental asset in the heart of Foster-Powell. Boise Cottages features all-electric, Earth Advantage Platinum certified homes (HES 10, Net Zero Ready, Solar Ready) designed for long-term durability, low operating costs and strong tenant appeal. Each detached residence offers 1,359 sq ft with 3 bedrooms + loft/office and 2 full baths—an ideal layout for today’s renters seeking flexible living and remote work space. Premium finishes include Bosch appliances, induction cooktop, quartz countertops and modern cabinetry. Private outdoor spaces, dedicated yards and a shared courtyard enhance livability and leasing appeal. Built with high-performance windows, heat pump HVAC, energy-efficient systems, advanced air sealing and whole-house ERV ventilation—supporting reduced utility costs, improved tenant retention and minimized capital expenditures. Detached cottage configuration provides a competitive advantage over traditional townhomes, offering privacy and design differentiation in a supply-constrained submarket. Street parking only aligns with neighborhood norms while lowering maintenance obligations. This turnkey portfolio supports multiple strategies including long or mid-term hold or alternative rental approaches such as furnished or Padsplit, subject to buyer verification. Strong location with Walk Score 90 and Bike Score 99, minutes to shops, theater, Carts on Foster, Kern Park, pubs and transit. Pro forma rents estimated at $2,700–$3,000/unit (used $2,850 avg). Estimated NOI $71K with cap rate 4.18% and upside to 4.5% at stabilization. 15-year new construction rent control exemption. Portfolio opportunity available (3 units) 5488/5486/5484 SE Boise St. Buyer to perform all due diligence regarding rental income and financial performance. Open Houses Saturday and Sunday 12-4pm, or by appointment.

5486 SE Boise ST, Portland
$1,650,000
5 Beds ⋅ 4 Baths ⋅ 235054870 MLS
The Treehouse is an exceptional new build carved into a unique lot surrounded by tall trees. With cues from Swiss Modern design and the alpine cabins of the Pacific NW, the expansive glass & 7 skylights bring the view of the trees inside the home and create a rare forest-like setting in the middle of the city. The home offers an incredibly flexible layout and stunning design both inside and out. White oak floors, walnut cabinetry, gorgeous woodwork, smooth walls... read more @ VirtualTour #1 [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10205293]

4523 SE TIBBETTS ST, Portland
$1,724,900
722847718 MLS
Ideally located just 2.5–3 miles from the vibrant restaurants, cafés, bars, and neighborhood retail of SE Woodstock Blvd, this newly constructed four-unit portfolio offers an exceptional blend of design quality and income potential in Southeast Portland. Designed and developed by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, the asset reflects thoughtful planning, efficient layouts, and durable construction suited for long-term ownership and reduced maintenance exposure. The portfolio consists of two three-bedroom homes and two two-bedroom homes, each offering two and a half bathrooms and well-designed two-story floor plans that maximize functionality and tenant livability. Main levels feature spacious open-concept great rooms with seamless flow between living, dining, and kitchen areas, creating flexible layouts that appeal to a broad tenant base. Gourmet kitchens offer generous solid surface countertop space, stainless steel appliances, ample cabinetry, and large islands with eat bar seating, plus a convenient main-level half bath. Upper levels include primary suites with ensuite baths, dedicated hall baths for secondary bedrooms, and upstairs laundry positioned between bedrooms for practicality. Each residence includes a private fenced patio, while the rear home offers a substantially larger yard area for added outdoor flexibility and rental appeal. Energy-efficient ductless heat pump systems provide year-round comfort and efficiency. Daily conveniences line nearby SE 82nd Avenue within roughly half a mile, and Lents Park, approximately 1.1 miles away, offers expansive greenspace, walking paths, and sports facilities supporting tenant retention. Pro forma financials indicate an estimated 5.11% cap rate, positioning this asset as a balanced investment opportunity combining stable yield potential with long-term appreciation in a consistently desirable Southeast Portland corridor.

7466 SE Tolman ST, Portland
$1,714,900
511016795 MLS
Ideally located just 2.5–3 miles from the vibrant restaurants, cafés, bars, and neighborhood retail of SE Woodstock Blvd, this newly constructed four-unit portfolio offers an exceptional blend of design quality and income potential in Southeast Portland. Designed and developed by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, the asset reflects thoughtful planning, efficient layouts, and durable construction suited for long-term ownership and reduced maintenance exposure. The portfolio consists of two three-bedroom homes and two two-bedroom homes, each offering two and a half bathrooms and well-designed two-story floor plans that maximize functionality and tenant livability. Main levels feature spacious open-concept great rooms with seamless flow between living, dining, and kitchen areas, creating flexible layouts that appeal to a broad tenant base. Gourmet kitchens offer generous solid surface countertop space, stainless steel appliances, ample cabinetry, and large islands with eat bar seating, plus a convenient main-level half bath. Upper levels include primary suites with ensuite baths, dedicated hall baths for secondary bedrooms, and upstairs laundry positioned between bedrooms for practicality. Each residence includes a private fenced patio, while the rear home offers a substantially larger yard area for added outdoor flexibility and rental appeal. Energy-efficient ductless heat pump systems provide year-round comfort and efficiency. Daily conveniences line nearby SE 82nd Avenue within roughly half a mile, and Lents Park, approximately 1.1 miles away, offers expansive greenspace, walking paths, and sports facilities supporting tenant retention. Pro forma financials indicate an estimated 5.11% cap rate, positioning this asset as a balanced investment opportunity combining stable yield potential with long-term appreciation in a consistently desirable Southeast Portland corridor.

7448 SE Tolman ST, 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.