Portland Homes under $400,000

Portland Homes under $400,000

Welcome to Portland, Oregon—a vibrant city known for its eclectic culture, stunning natural beauty, and a thriving real estate market that caters to a variety of lifestyles. Nestled between the majestic Cascade Mountains and the picturesque Willamette River, Portland is a haven for outdoor enthusiasts, food lovers, and art aficionados alike. With its famous food trucks, lush parks, and bustling arts scene, it’s no wonder that Portland has earned a reputation as one of the most livable cities in the Pacific Northwest.

For those looking to plant roots in this dynamic city without breaking the bank, there are fantastic homes available for under $400,000. Whether you’re a first-time homebuyer, a young professional, or a small family, Portland offers an array of options that fit your budget. From cozy bungalows in charming neighborhoods like Alberta Arts District to modern condos in the heart of the city, you’ll find properties that combine comfort and style.

The neighborhoods of Portland are as diverse as its residents, each offering unique amenities and a sense of community. Imagine sipping coffee in a quaint café in Sellwood, exploring the vibrant streets of Hawthorne, or enjoying the serene beauty of the Eastside Esplanade—all while having a home that reflects your personality and lifestyle.

With a strong sense of community and an abundance of parks and recreational activities, Portland is a city that invites you to explore and settle down. Discover your dream home in this enchanting city today, and experience everything Portland has to offer!

Newest Portland Homes under $400,000

8935 SW FAIRVIEW PL Unit #8935, Portland
$300,000
3 Beds ⋅ 2 Baths ⋅ 691242863 MLS
Vaulted ceilings and a flexible three-bedroom layout welcome you to this upper-floor, townhouse-style condo at Fairview Place. The main level features bamboo and wood floors, a gas fireplace, dining area, powder room and laundry, plus a bedroom that works well as an office or den. Remodeled in 2024, the kitchen offers new counters, sink and lighting, plus a built-in microwave and disposal. Upstairs, the primary suite has a walk-in closet and its own full bath, with a second bedroom and second full bath nearby. Recent updates include a new range and oven (2023), water heater (2023) and dishwasher (2021). Enjoy the covered deck with seasonal tree and wooded views. Carport parking and forced-air gas heat. Set off Hall Street across from Washington Square shopping and dining, with quick access to Highway 217. HOA $582 per month. 2025 taxes $4,177.44.Open house Saturday, November 7, 10am to noon.3 bed | 2.5 bath | 1,376 sq ft | Built 1980 | Offered at $300,000

8935 SW FAIRVIEW PL Unit #8935, Portland
940 NW NAITO PKWY Unit #L12, Portland
$199,900
2 Beds ⋅ 1 Baths ⋅ 526090462 MLS
The only two-bedroom condo currently offered at McCormick Pier under $200K, this beautifully updated townhome-style residence delivers over 900 sq. ft. of space with incredible Willamette River views. Bright, open, and designed for everyday living, the main level brings everyone together around a fresh, modern kitchen. Quartz countertops, a spacious island made for gathering, and stainless steel appliances create a clean, contemporary feel, while a dedicated pantry keeps small appliances and kitchen essentials tucked away. Durable LVP flooring ties it all together. Slide open the door to your private deck and enjoy front-row seats to the river, passing boats, iconic bridges, and Portland's cityscapes. Upstairs, two generously sized bedrooms are separated by a full bath, offering flexibility for guests, creative space, or a home office with an ever changing views. Find your favorite way to enjoy miles of paved riverfront paths, with the Pearl District, Old Town, and downtown Portland all within easy reach. Enjoy the convenience of having the community pool and hot tub nearby, along with 24-hour security, BBQ areas, and waterfront fire pits. It's an impressive collection of amenities that makes the most of this one-of-a-kind waterfront setting. Need more perks? This home has them: a newer heat pump with central A/C, updated siding and fresh exterior paint, in-unit washer and dryer, and deeded covered parking. MAX, streetcar, and bus connections are nearby, along with neighborhood favorites like Lovejoy Bakers, The Fields Bar, Saturday Market, and the Pearl District's dining and shopping. **Two bedrooms. Over 900 sq. ft. Riverfront views. Central A/C. Covered deeded parking. All for under $200K.** That's more space and more lifestyle for your money, with the updates already done and nothing left to do but move in and enjoy. Opportunities like this at McCormick Pier don't come along often!

940 NW NAITO PKWY Unit #L12, Portland
1500 SW SKYLINE BLVD Unit #24, Portland
$229,000
2 Beds ⋅ 2 Baths ⋅ 612513545 MLS
A wooded retreat with room to spread out! This spacious two-bedroom, two-bath condo sits in a quiet, established community along Skyline Boulevard. Tall ceilings, wide hallways, and a generous open living and dining area create an inviting sense of space from the moment you walk in. Two sliding glass doors open to a cozy, patio surrounded by greenery, extending the living space outdoors. Inside, new paint, updated fixtures, and abundant storage make everyday living comfortable and easy. A mini-split installed in 2015 adds air conditioning for warmer days, while deeded parking and separate storage offer extra convenience. Enjoy the calm of a forested setting with easy access to Highway 26, downtown Portland, Washington Park, Hoyt Arboretum, and nearby trails. Spacious, comfortable, and tucked into the trees—this is a lovely place to come home.

1500 SW SKYLINE BLVD Unit #24, Portland
7023 N BURLINGTON AVE, Portland
$199,000
2 Beds ⋅ 1 Baths ⋅ 278059270 MLS
Very sweet 2 bedroom unit in an excellent St. John's location. Walk to great food, coffee and shops. Beautiful view of the St. John's bridge and Forest Park from the property. There is a lawn area where you can also enjoy the views. Very well maintained building. Attractive and perfect for a 1st time home buyer or investor. No rental cap! Low property taxes and HOA dues as compared to most. The unit is spacious and open with a nice sized living room and bedrooms. Large kitchen w/ a lot of counter space and storage. In unit washer/dryer is so nice to have! Privately situated in the corner and an end unit, you'll feel tucked away. This is a great price for what you get here! A parking spot is included and the HOA fee covers water, sewer, garbage, management and maintenance.

7023 N BURLINGTON AVE, Portland
2245 SW PARK PL Unit #1A, Portland
$390,000
2 Beds ⋅ 2 Baths ⋅ 746400800 MLS
This stunning home features a wall of windows that overlook a 835 sqft garden veranda, perfect for relaxation and entertainment. Hardwood floors, interior glass doors and abundant natural light enhance the open, airy ambiance.The kitchen boasts black stainless steel appliances and granite countertops. The dining room includes a pantry and mini bar perfect for entertaining. The bathroom was updated within the last couple of years with marble walk in shower and countertop and a stylish barn door accessing the shower and toilet. New washer and dryer. Secure building with locked storage and deeded parking space. Amazing SW location - with local eateries, shopping and public transportation at your disposal, only 1 block from Washington park/Rose Garden/Japanese Garden/trails, etc. Experience this perfect blend of elegance and convenience in this exceptional Park Place Tower residence.

2245 SW PARK PL Unit #1A, Portland
611 SE 142ND AVE Unit #B, Portland
$299,950
2 Beds ⋅ 1 Baths ⋅ 569986368 MLS
OPEN HOUSE SATURDAY 11/7/26 11AM-3PM!NO MONTHLY HOA! DETACHED LIVING! PRIVATE FENCED OUTDOOR SPACE! This light, bright detached condo offers the feel of a single-family home without the monthly HOA expense. Lower level features a light-filled kitchen equipped with newer stainless steel appliances, fresh living room and bathroom for convenience. For additional privacy, both bedrooms are conveniently located upstairs with an additional full bathroom. Bonus: Air conditioning and vaulted ceiling! Enjoy your own fenced outdoor space, perfect for gardening, relaxing or letting your four-legged friend get some fresh air. With only 1 owner and centrally located in SE Portland, enjoy the benefits of low-maintenance living and the freedom to make this home your own! [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10203513]

611 SE 142ND AVE Unit #B, Portland
804 SE Cesar E Chavez BLVD Unit #18, Portland
$199,900
1 Beds ⋅ 1 Baths ⋅ 481150569 MLS
This thoughtfully renovated condo building delivers a classic vibe with updated features, Featuring Quartz countertops with new cabinetry, large windows, LVP flooring, and a in-unit washer/dryer, creating a space that feels both inviting and easy to live in. This 1 bedroom was well designed to maximize every square foot, offering flexibility for working, relaxing, entertaining, or creative pursuits. Situated in the heart of Southeast Portland, in the vibrant Laurelhurst / Sunnyside neighborhood, just steps from the organic energy of Belmont and Hawthorne; find a mix of local cafés, restaurants, and everyday essentials. Enjoy nearby favorites like the iconic Movie Madness and the historic Hawthorne Theatre, placing you right in the middle of Portland’s creative and cultural scene. With a Walk Score of 94 and a Bike Score of 100, the condo is in one of the city’s most connected neighborhoods (right on the bus line and one mile from the MAX), making it easy to get wherever you need without a car. The building features a bike room. When it’s time to get outside, Mt. Tabor and Laurelhurst Parks are just a short distance away, offering scenic trails that are perfect for a quick walk, weekend unwind, or taking in some of the city’s best views. If you’ve been considering renting an apartment, this is your chance to step into ownership at an approachable price point and start building equity instead of paying rent. Effortlessly livable and full of character, this studio is a compelling opportunity to own in one of Southeast Portland’s most vibrant neighborhoods.

804 SE Cesar E Chavez BLVD Unit #18, Portland
4306 SE 100TH AVE, Portland
$395,000
2 Beds ⋅ 1 Baths ⋅ 443643982 MLS
Cute as a button and full of charm! Situated on a quiet neighborhood greenway bike path, this Portland gem offers the best of convenience and neighborhood living. Just minutes from Montavilla’s popular restaurants, shops, and bars, with easy freeway access, nearby transit, and close proximity to Mt. Tabor and Kelly Butte Natural Area. Enjoy a short walk to Bloomington Park or catch a Portland Pickles game at nearby Walker Stadium! Inside, discover an updated kitchen and bathroom, newer electrical panel, abundant natural light, and beautifully refurbished original oak hardwood floors. The fenced backyard features a relaxing hot tub, spacious outbuilding for storage or hobbies, and a deck ready for BBQs. Complete with a one-car garage and carport, this charming home has so much to offer! [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10252942]

4306 SE 100TH AVE, Portland
11960 SW KING JAMES PL, Portland
$399,900
2 Beds ⋅ 2 Baths ⋅ 752587025 MLS
Welcome to this inviting one level ranch nestled on a quiet cul-de-sac in the desirable King City Civic Association neighborhood! Gleaming hardwood floors, spacious rooms, and a comfortable, functional layout make this home an easy place to settle in and enjoy. The kitchen is conveniently located off the garage and features new countertops and backsplash, a range, refrigerator, pantry, and cozy dining nook. Open to the kitchen, the family room is a wonderful gathering space with a beamed ceiling, wood-burning fireplace, and charming French-style farmhouse door leading to a freshly painted covered private deck. Two comfortable bedrooms include a primary ensuite with double closets and a shower, while the second bedroom also features hardwood floors and convenient access to a full bath with tub/shower combination. A separate living room offers additional space to relax and entertain. The side yard could also be accessed by bedroom sliders if put in by a buyer. Out back, a brand new fence provides added privacy and a great space to enjoy the outdoors. But what truly makes this home special is the vibrant sense of community! Just steps from the many amenities of the award-winning King City Civic Association, you'll enjoy access to a 9-hole golf course, swimming pool, library, community activities, and dozens of clubs and interest groups. Whether you're looking for an active social calendar, recreational opportunities, or simply a welcoming place to connect with neighbors, it’s all right here. With shopping, dining, and major roadways nearby, this home offers a wonderful blend of comfortable living, convenience, and community!

11960 SW KING JAMES PL, Portland
1005 SW PARK AVE Unit #406, Portland
$215,000
1 Beds ⋅ 1 Baths ⋅ 256911718 MLS
Furnished Arts District Pied-à-Terre.This light-filled corner unit combines a fresh renovation and lovely custom storage throughout, from the custom bookshelves and bar in the living space to the clever built-ins in the bedroom. Perfect for PSU students and faculty (a bargain compared with market rents) or for individuals considering dipping their toes into a second urban home in Portland. Move-in ready and fully stocked for living from day one, with no setup required. All furniture, art, decor have been thoughtfully curated, the kitchen is fully equipped, and even all linens are included.The neighborhood: the Arlington Club, Portland Art Museum, Schnitzer Concert Hall, the Newmark Theatre, and the Roosevelt Condominiums complete the 1000 Park Block cadre. One block from Portland's premier shopping corridor, and a short stroll through the tree-lined North Park Blocks to Portland State University.

1005 SW PARK AVE Unit #406, Portland
3515 SW BARBUR BLVD Unit #W1, Portland
$250,000
1 Beds ⋅ 1 Baths ⋅ 456432281 MLS
Enjoy Mount Hood views from this updated one-bedroom condo in Southwest Portland's Homestead neighborhood! Located in Abitare Condominiums, this home offers low-maintenance living with convenient access to OHSU, the VA Medical Center, downtown Portland, Portland State University, and the nearby South Waterfront, John's Landing, and Lair Hill neighborhoods. The spacious, open living and dining areas offer plenty of natural light, attractive flooring, and fresh paint. The updated kitchen features stainless steel appliances, stylish cabinetry, and built-in lighting inside the cabinets and drawers. Step onto your private covered balcony and take in elevated views of the Willamette River, Ross Island Bridge, Portland Aerial Tram, and surrounding cityscape. The bathroom has also been freshly painted. A deeded parking space and additional storage in a separate building provide extra convenience. The HOA completed an extensive exterior renovation that included siding, windows, decking, and stairs. The seller has paid the associated special assessment in full! Enjoy nearby Terwilliger Parkway with its scenic walking and biking paths, along with the forested trails of Marquam Nature Park and the South Waterfront's riverfront paths. Nearby restaurants, shopping, and three farmers markets in Hillsdale, South Waterfront, and Portland State University add to the area's appeal. Zidell Yards in the South Waterfront is also the proposed site of a future Major League Baseball stadium. With mountain and river views, interior updates, and a convenient Southwest Portland location, this condo has plenty to offer.

3515 SW BARBUR BLVD Unit #W1, Portland
1509 NE 10TH AVE, Portland
$157,900
1 Beds ⋅ 1 Baths ⋅ 423027657 MLS
This property is eligible under the Freddie Mac First Look Initiative through 12/04/2026.One-bedroom, one-bathroom condo offering approximately 664 square feet of living space. Features include hardwood floors throughout, abundant natural light, built-in storage, a stackable washer and dryer, and an oversized walk-in closet. Within proximity to neighborhood amenities, parks, shopping, dining, and transportation options. Buyer to perform all due diligence regarding property condition and features. Property sold as-is.

1509 NE 10TH 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.

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