97236 Real Estate Search

97236 Homes for Sale

Overview of the 97236 Real Estate Market

The 97236 area, encompassing parts of Southeast Portland, Oregon, showcases a diverse real estate market characterized by a mix of residential properties, ranging from cozy single-family homes to more luxurious estates. The area has become increasingly desirable due to its proximity to various amenities, public transportation options, and beautiful parks, attracting both first-time homebuyers and seasoned investors. The local housing market has seen fluctuations over the years, but generally, it has maintained a stable appreciation rate, making it an attractive option for those looking to invest in real estate.

Key Neighborhoods and Their Appeal

Within the 97236 zip code, several neighborhoods stand out for their distinct characteristics and appeal. For instance, areas like Lents and Powellhurst-Gilbert offer affordable housing options and a strong sense of community. Both neighborhoods are rich in cultural diversity and provide access to parks, schools, and shopping districts. Additionally, the presence of new developments and revitalization projects in these neighborhoods adds to their appeal, drawing in potential homeowners and renters looking for a vibrant community feel.

Market Trends and Pricing Insights

The real estate market in 97236 has shown a consistent upward trend in property values, despite fluctuations in the broader housing market. As of late 2023, the median home price in the area reflects the growing demand and limited inventory. The ongoing popularity of working from home has prompted many buyers to seek spacious properties with dedicated office spaces, further driving demand in the region. Real estate professionals in the area highlight the importance of staying informed about housing trends, given the competitive nature of the market.

Investment Opportunities

For investors, the 97236 area represents promising opportunities, particularly in the rental market. The demand for rental properties has surged, fueled by a growing population and a steady influx of new residents. Many investors are focusing on multi-family units and single-family home conversions to rental properties, capitalizing on the area's appeal to families and young professionals. Recent renovation trends also attract investors seeking to revitalize older homes, allowing for increased rental yields and property appreciation.

Community Amenities and Lifestyle

The 97236 area boasts a range of amenities and recreational options that enhance the quality of life for its residents. Parks like Johnson Creek Park and the nearby Smith and Bybee Wetlands Natural Area provide ample opportunities for outdoor activities such as hiking, birdwatching, and picnicking. Additionally, the community is served by a range of local shops, restaurants, and schools, contributing to a family-friendly environment. The strong community engagement and local events foster a sense of belonging, making the area an attractive option for those seeking a vibrant lifestyle in a suburban setting.

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97236 Homes for Sale

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Newest 97236 Homes for Sale

$114,999
3 Beds 2 Baths 651976493 MLS
Beautifully updated and move-in ready, this charming SE Portland home offers an abundance of storage, comfortable living spaces, and a long list of recent improvements. Conveniently located on a bus line and minutes from schools, shopping, dining, and everyday amenities.The updated kitchen features a skylight, farmhouse sink, gooseneck faucet, tile countertops, generous cabinetry, and included appliances. Spacious living and family rooms provide plenty of room to relax or entertain. The private primary retreat features double-door access to the ensuite bathroom, complete with a Solatube for natural light, dual sinks, tile countertops, soaking tub/shower combination, and large linen closet. A newer walk-in shower adds a stylish update to the guest bathroom.A large utility room includes the washer and dryer, while the generously sized front deck provides an inviting space for summer BBQs and outdoor gatherings. The fully fenced, beautifully landscaped yard offers privacy with low-maintenance appeal.The wired backyard shed is a standout bonus, featuring electricity, windows, and whitewashed walls, making it ideal for an art studio, workshop, hobby space, or personal retreat. Recent improvements include new plumbing throughout, roof, windows, furnace, A/C, interior paint, carpet, doors and hardware, lighting, sinks, toilets, and more. With the major work already completed, this home is ready to enjoy from day one.

13115 SE FOSTER RD, Portland

$2,750,000
746285608 MLS
12231 SE Bush Street, The Shire II, presents the opportunity to acquire a 2009 vintage apartment complex in Southeast Portland at the low cost basis of $137,500 per unit, or $138 per square foot. The property is a 20-unit apartment complex built in 2009, offering a uniform unit mix of large 2 Bed / 2 Bath apartments averaging approximately 1,000 square feet. The spacious floor plans, second bathrooms, and on-site parking provide a highly livable tenant experience and help support resident retention. Additionally, each unit includes a deck or patio space, storage, and in-unit washer and dryer. From a physical standpoint, the 2009 construction and copper plumbing materially reduce near-term capital exposure compared to older vintage assets.The asset offers investors a clear and straightforward value-add strategy to achieve over a 8.15% stabilized market cap rate and real value creation. With current rents well below market, natural rent increases and modest utility billbacks can meaningfully improve NOI without heavy CapEx. Located in Southeast Portland, the property benefits from access to nearby commercial corridors, neighborhood amenities, and major transportation routes connecting tenants throughout the eastside and broader Portland metro.The combination of newer construction, desirable unit layouts, practical on-site amenities, extremelyattractive cost basis, and clear value-add upside makes The Shire II a highly compelling Portlandmultifamily offering.

12231 SE BUSH ST, Portland

$375,000
3 Beds 1 Baths 552272686 MLS
Bring your vision and unlock the possibilities in this character-filled Tudor-style home! Offering 3 bedrooms, 1.5 baths and approximately 1,540 sq. ft. on a .16-acre lot, this property is ready for a buyer with ideas and a desire to make it their own. Original charm remains throughout, including hardwood floors, arched doorways, a wood-burning fireplace and distinctive architectural details. The living room features multiple windows and flows into the formal dining room with a bright corner window. The vintage-style kitchen offers extensive cabinetry, great counter space and plenty of opportunity for a fresh new look, while the large utility/laundry room with a sink and exterior entry adds valuable storage and functionality. An 17x12 primary bedroom is conveniently located on the main level, with two additional bedrooms and a bath upstairs. Updated Hardi siding, vinyl windows, forced-air gas furnace and a newer roof provide a great starting point for future improvements. Outside, the .16-acre lot offers mature trees, a fenced yard, covered patio and plenty of room to create inviting outdoor spaces. A detached 2-car garage provides parking, storage or workshop possibilities. Located in Powellhurst-Gilbert, the home is on a bus line and near Gilbert Heights Park, with paved paths, picnic areas and sports fields. Bring your creativity and imagination, this is a chance to restore the charm, update to your taste and build equity along the way! [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10183502]

13025 SE HAROLD ST, Portland

$2,200,000
504792602 MLS
Unique approximately 5-acre property within Portland city limits offering over 35,000 SF of existing building space, extensive parking, and significant potential for redevelopment or continued commercial/industrial use. Marketed strictly AS-IS, this property provides a rare opportunity for investors, developers, or owner-users looking for substantial land and improvements in an established SE Portland location near Foster Road and SE 162nd Avenue.The property was originally used as a riding area and horse stable and reportedly includes an approximately 22,000 SF outbuilding, arena, horse stalls, barn, and additional structures. Existing improvements reportedly include two to three apartments with updated kitchens, living areas, bedrooms and laundry, along with office space. Natural spring water is also reportedly present on the property.The approximately 5-acre parcel is currently zoned R10 residential, offering potential for future redevelopment subject to buyer due diligence and applicable zoning, land-use, environmental, access, utility, and development requirements. Previous listing information indicated the property could potentially be divided into approximately 25 lots, presenting a potentially significant development opportunity for a qualified buyer. Buyer to independently verify all zoning, building square footage, apartment count, lot division potential, development feasibility, utilities, water source, permits, and all other property information with the appropriate authorities.A rare combination of substantial existing improvements, acreage, parking, and redevelopment potential in SE Portland. Property is being offered AS-IS.

6729 SE 162ND AVE, Portland

$619,900
4 Beds 2 Baths 393907357 MLS
Welcome to a home where thoughtful upgrades meet one of Portland’s best outdoor playgrounds—just four houses from the trails of Powell Butte Nature Park. Step inside to soaring ceilings, abundant natural light and beautiful new hardwood floors that give the home a fresh, elevated feel. The remodeled kitchen is built for gathering, featuring cambria quartz countertops, a generous island, stainless appliances and plenty of room for everything from quiet mornings to a house full of friends. A newly tiled gas fireplace anchors the living space with warmth and style.Upstairs, the spacious primary suite feels like a private retreat, complete with a walk-in closet and an updated bath highlighted by an oversized rain shower. The versatile main-level bedroom provides excellent flexibility for guests, an office or multigenerational living.Outside, enjoy a private cul-de-sac setting with a deck, patio and backyard space made for relaxing after a hike. And then there’s the garage—far beyond your typical two-car setup, with soaring ceilings, abundant storage and enough room for vehicles, gear, hobbies and projects. It even comes with a disco ball, because apparently the garage needed one more reason to be awesome.With Powell Butte practically outside your front door, stylish interior updates, flexible living spaces and a garage you have to see to fully appreciate, this is a home that stands apart from the ordinary.

4849 SE ANDEREGG LOOP, Portland

$419,500
3 Beds 2 Baths 587202015 MLS
Welcome to this beautifully updated 3-bedroom, 2-bath ranch in SE Portland’s desirable Lynch Haven neighborhood, set on a rare double lot with exceptional flexibility! Lovingly cared for by the same owners for over 30 years, this home offers character, comfort, privacy, and thoughtful updates. The light-filled living room features a stunning stacked-stone wood-burning fireplace, large picture window, coved ceiling, and charming arched doorways. Refinished original hardwoods, high-grade luxury vinyl plank flooring, and fresh interior paint create a warm, inviting feel. The updated kitchen features stainless steel appliances, new double sink, abundant cabinetry, and two pantries. The spacious primary suite offers a private bath with walk-in shower and walk-in closet, while two additional bedrooms provide flexibility for family, guests, or a home office. A convenient laundry/mudroom opens directly to the backyard and offers excellent storage. Enjoy the fully fenced, private backyard with mature landscaping, Bartlett pear tree, lilacs, roses, rhododendrons, Calla lilies, deck, fire pit, and two storage sheds. Two driveways provide abundant parking, including RV parking with electrical hookup. Updates include a newer 50-year roof and water heater, both with transferable warranties, plus siding, forced-air gas furnace, and remote-controlled window A/C. Great Energy Score of 7! With room to potentially build in the backyard (buyer to perform due diligence), the possibilities are exceptional. Conveniently located near SE Division, stores, restaurants, parks, and everyday amenities, with excellent walk and bike scores. After more than 30 years, the owners are ready for their next adventure—come see why this special home has been so loved!

16523 SE CLINTON ST, Portland

$599,000
4 Beds 3 Baths 526873092 MLS
**Open House 8/30 12-3PM** This one of a kind SE Portland property offers modern style, exceptional construction and the often sought second residence. Completely remodeled in 2019, the primary residence consists of 1032 square feet of impeccable living space including 3 bedrooms, 2 full bathrooms, a cozy living room fireplace and an attached 2-car garage with brand new epoxy floor coating. The standout feature is the Relevant Building Company shipping container ADU. The ADU has its own address and private entrance from SE 128th, creating excellent separation and flexibility for rental income, multigenerational living, guests, a private office or additional living space. Both the main home and ADU showcase a bright, vibrant modern design with plenty of personality. A second shipping container is currently configured as a gym, providing an exceptional bonus space that could be transformed to suit your needs. Imagine a studio, workshop, creative space, home office, hobby room or additional storage. Outside, enjoy the privacy and functionality of the thoughtfully landscaped lot, modern horizontal fencing, warm cedar accents, covered entry, paver paths and ample parking, including space for an RV. This is far more than a traditional home—it is a versatile property designed for today's lifestyle, offering multiple spaces, distinctive architecture and opportunities rarely found in one package. Convenient SE Portland location with easy access to shopping, dining, parks, transportation and everyday amenities. Come see the possibilities for yourself! [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10035437]

12709 SE RAMONA ST, Portland

$235,000
3 Beds 1 Baths 257055825 MLS
Low-maintenance condo living with a pool & W/S/G included in the HOA fees! This 3 bedroom, 1.5 bath condo has been thoughtfully refreshed in 2026 with brand new LVP flooring throughout, fresh trim & cabinet paint, & new light fixtures. Quartz countertops, stainless steel appliances, gold hardware, open shelving, & a striking white-upper, black-lower cabinet combo create a modern feel through the kitchen & into the dining area. Down the hall you'll find the primary suite (that even has its own half bath), two additional bedrooms, & a full hall bath, plus a linen closet for extra storage. This unit also includes a dedicated laundry room, balcony, & an entry closet. HOA dues of ~$519 cover water, sewer, garage, exterior maintenance, & the community pool, which is open & ready to enjoy, along with one? assigned parking space. This one also currently offers a rare no rental cap, a huge advantage for owner-occupants & investors alike, plus peace of mind with a roof replacement by the HOA in Oct 2025 & no special assessment. Tucked in the Centennial neighborhood, near Powell Butte Nature Park, & just off the MAX & bus lines on Hwy 26. In fact, this location is only set to improve, with ODOT's Outer Powell Transportation Safety Project bringing new sidewalks, crosswalks, bike lanes, signals, and lighting improvements. A low-maintenance, move-in ready condo with easy commuting access & true investment flexibility, this one checks a lot of boxes.

3936 SE 168TH AVE, Portland

$615,000
673952230 MLS
No HOA Fantastic Investment Opportunity or Owner Occupied Duplex!Don't miss this well maintained duplex at 2926 to 2930 SE 125th Ave, Portland, offering the perfect opportunity to live in one unit while generating rental income from the other. Situated as an end unit, the property enjoys added privacy and a more desirable setting.One side (2930) is occupied by a reliable long term tenant of over six years, currently paying $2,300 per month, providing immediate and stable rental income. The vacant unit (2926) has been extensively updated and is move in ready, featuring fresh interior paint, new kitchen cabinets, new countertops, luxury vinyl plank flooring, and beautifully renovated bathrooms with tile flooring all completed in 2026. Market rents are estimated at $2,500+ per month per unit, offering excellent income potential.Additional improvements include new exterior paint, enhancing the property's curb appeal and reducing future maintenance. Whether you're an investor seeking a strong income producing property or a homeowner looking to offset your mortgage with rental income, this duplex offers outstanding flexibility and value.Conveniently located near shopping, dining, parks, schools, and major commuter routes, this is a rare opportunity to own a well maintained, income producing property in a desirable Portland location. No HOA, quality updates, strong rental potential, and the flexibility to live in one unit or rent both make this an exceptional opportunity for investors and owner occupants alike.

2926 SE 125TH 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.