Multnomah County, OR Real Estate Search

Multnomah County, OR Homes between $4,000,000 and $5,000,000 for Sale

Multnomah County, Oregon, offers a luxurious selection of homes for discerning buyers seeking high-end properties. Nestled in the picturesque Pacific Northwest, these exquisite residences often feature stunning architectural designs, expansive floor plans, and breathtaking views of the surrounding landscapes, including the Columbia River and the iconic Mount Hood. The real estate market within this price range showcases magnificent estates with gourmet kitchens, private outdoor spaces, and high-end finishes that reflect both elegance and comfort. Residents in this vibrant area enjoy an array of amenities, from world-class dining and shopping to abundant recreational opportunities, making Multnomah County a sought-after location for luxury living.

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Newest Multnomah County, OR Homes between $4,000,000 and $5,000,000 for Sale

$4,700,000
4 Beds ⋅ 4 Baths ⋅ 674305115 MLS
A rare and architecturally significant offering, this transitional modern estate was designed by acclaimed Oregon architect Richard Marlitt, and rests gracefully on over two dynamic level acres of private, meticulously curated grounds. Celebrated for his mastery of proportion, light, and spatial harmony, Marlitt’s intelligent proportions and Mid Century design create a seamless dialogue between indoors and out, where walls of glass, soaring ceilings, generous room sizes and thoughtfully placed French doors invite nature into everyday living.Extensive renovations have transformed the home into a beautifully modern residence while remaining true to its original architectural vision. Defined by its effortless main-level living, elegance and fluid floor plan, the home offers both grand entertaining spaces and intimate retreats. Outdoors, the estate transforms into a resort-like setting with exquisite grounds, a sunlit pool terrace, and a seemingly endless and expansive lawn. Enjoy a fully equipped pool house—featuring its own living quarters, kitchenette, and fireplace—ideal for guests or extended entertaining. Mature trees, curated gardens, and seasonal blooms create a landscape of year-round beauty, enhanced by extensive lighting that brings the grounds to life after dusk.With a legacy of thoughtful stewardship and extensive modern updates, this is a timeless residence where architectural pedigree meets contemporary comfort—offering a rare opportunity to own a truly distinguished and elegant Oregon estate.Characterized by grand residences set on generous acreage, mature landscapes, and quiet, tree-lined lanes, the welcoming Dunthorpe neighborhood offers a rare blend of privacy, prestige, and community—an enduring legacy that has made it one of the Pacific Northwest's most coveted residential enclaves.

12727 S IRON MOUNTAIN BLVD, Portland
$4,995,000
5 Beds ⋅ 4 Baths ⋅ 149330754 MLS
The H. Russell Albee House is one of Portland’s rare landmark estates, a 1912 Laurelhurst residence that carries history, design pedigree, and modern livability in equal measure. Set just outside the sunlit canopy of Laurelhurst Park, this architectural treasure was thoughtfully reimagined by Jessica Helgerson Interior Design through a comprehensive remodel that touched every surface and system. Original Craftsman millwork and period details were preserved with exceptional care, while custom woodwork, bespoke fixtures, hand-painted details, artisan collaborations, and hand-selected furnishings brought the home into a new era. Featured twice by Architectural Digest, including print and film, recognized by Restore Oregon as a HIPstoric landmark, and celebrated by Portland Monthly and The Oregonian, the home stands as one of Portland’s most meaningful private residences. The main level offers a generous living room with fireplace, den, formal dining room, dedicated office, and a remarkable kitchen with LaCanche range, double Sub-Zero refrigerators with custom paneling, and Waterworks fixtures. Upstairs, the primary suite includes a fireplace, walk-in closet and dressing room, and a private sitting room overlooking the rose garden. Three additional bedrooms complete the upper level. The fully reimagined lower level adds a guest bedroom suite with sitting room, media room, game room, spacious laundry, and generous storage. Outside, multiple entertaining areas, a spectacular greenhouse, rose gardens, professionally maintained beehives, wrought-iron gates, fountains, mature trees, and lush plantings create a private garden setting unlike anything else in the city. Historic, soulful, and impeccably designed, this is Laurelhurst at its best. Inquire for the comprehensive upgrade and details list.

3360 SE ANKENY ST, Portland
$4,310,000
3 Beds ⋅ 3 Baths ⋅ 213152639 MLS
Revived over two years by Green Gables and a detail-driven homeowner with an uncanny eye for form, flow, and finish—the home elevates mid-century architecture to meet the rhythm of modern life. Designed by renowned architect Roscoe Hemenway and tucked into Portland’s West Hills, the home unfolds in clean lines, warm materials, effortless one level living and wide-open views to the south. Inside and out move in sync, offering a quiet kind of luxury-for those who live artfully and expect their spaces to do the same. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10249097]

4310 SW WARRENS WAY, Portland
$4,200,000
6 Beds ⋅ 4 Baths ⋅ 786881669 MLS
A once-in-a-generation opportunity to own one of Irvington’s most iconic estates. Known as The Bowman House, this extraordinary residence, designed by renowned architect Ellis F. Lawrence, occupies a remarkable .69-acre site spanning six city lots—one of the largest residential properties in the prestigious Irvington Historic District.Built in 1916 and meticulously preserved, this Colonial Revival masterpiece with Craftsman influences offers more than 9,500 square feet of living space rich in historic character and architectural detail. A grand center hall welcomes guests with soaring ceilings, Honduran mahogany millwork, leaded glass windows, pocket doors, original light fixtures, and beautifully preserved oak floors. Formal living and dining rooms showcase elegant fireplaces, built-ins, and a stunning light-filled sunroom.The thoughtfully updated kitchen blends timeless character with modern convenience and connects seamlessly to inviting gathering spaces ideal for everyday living and entertaining. Gracious sitting rooms and a spectacular third-floor flex space, once known as a ballroom, today can be a game room, office, or used to provide exceptional flexibility for modern lifestyles.Outside, the grounds create a private urban retreat unlike any other. Mature landscaping, heritage trees, and winding brick pathways offer beauty and tranquility in every season. Recent enhancements include a lighted turf sports field, expansive outdoor kitchen, and extensive outdoor dining and entertaining areas, creating a true resort-style experience in the heart of the city.A detached guest house provides additional space for guests, extended family, a home office, or creative pursuits. Surrounded by Irvington’s signature tree-lined streets and historic homes, this exceptional estate offers a rare combination of privacy, scale, and significance.

1719 NE KNOTT ST, Portland
$4,450,000
5 Beds ⋅ 7 Baths ⋅ 316930214 MLS
An extraordinary opportunity to acquire one of the Pacific Northwest's premier equestrian estates. Situated on approximately 25 private acres with stunning territorial and mountain views, this luxury estate combines elegant living, established income, exceptional equestrian facilities, and remarkable flexibility for future ownership and use.The property currently operates as a successful equestrian facility, generating approximately $54,000 annually in lease income, while offering extensive infrastructure including an indoor riding arena, outdoor arena, multiple turnout areas, barns, and supporting facilities. Whether your vision is an elite equestrian center, private family estate, luxury retreat, car collector's showcase, vineyard, agricultural venture, corporate retreat, wellness destination, or multi-.generational compound, the possibilities are substantial.What truly distinguishes this offering is the seller's willingness to creatively work with qualified buyers. Seller will consider a variety of purchase structures, including seller financing, contract terms, delayed closing arrangements, joint venture participation, property exchanges, and other creative solutions designed to help bring the right buyer and property together.Luxury properties offering this combination of lifestyle, income potential, land, improvements, and flexible acquisition opportunities rarely become available. Buyers are encouraged to discuss available options and explore the full potential of this exceptional estate.Investors or 1031 buyers, please contact your broker to explore potential income-producing opportunities, including prospective interest in the leasing of the Equestrian facilities and/or residence. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10188086]

6220 NW SKYLINE BLVD, Portland
$4,313,900
319163089 MLS
New construction 12 home detached cottage portfolio in Brentwood Darlington, offering rare scale, efficient unit design, and strong tenant appeal in a convenient Southeast Portland location. The offering includes twelve detached cottages, each with 2 bedrooms and 2.1 bathrooms. Crafted by a local family builder with roots in finish carpentry, each home reflects enduring craftsmanship, forward thinking design, and a commitment to strengthening Portland’s neighborhoods. Built better from the finish up. Interiors feature solid surface countertops, peninsula islands with eat bars, practical storage, and tasteful coffered bedroom ceilings. Each cottage includes a refrigerator, washer and dryer, and window coverings, helping ease the move in process and support a clean leasing presentation from day one. Mini split heating and cooling on the main level and in each bedroom provides efficient year round comfort throughout every key living space. Two cottages offer 899 square feet and ten offer 978 square feet, creating a consistent unit mix for underwriting, leasing, and long term operations. Private entries, detached living, efficient two level layouts, patio spaces, and low maintenance outdoor areas enhance tenant appeal, while the back two homes offer larger, premium yard space. Projected pro forma cap rate of 5.83% at stabilization. Buyer to verify all income, expenses, and assumptions. Brentwood Park, Brentwood Community Garden, Mt. Scott Community Center, Woodstock New Seasons, Foster area dining, neighborhood coffee, parks, errands, and bike routes are all within easy reach. Nearby Woodstock favorites add further convenience and help the homes live larger than their footprints. A rare opportunity to acquire a full new construction detached cottage cluster with uniform layouts, modern systems, and a location positioned for durable rental demand.

7033 SE 60th AVE, Portland
$4,647,484
4 Beds ⋅ 3 Baths ⋅ 269016299 MLS
Behind a restrained concrete façade in the heart of Clinton/Division, this newly completed architectural compound feels less like a residence & more like a private club, gallery retreat, or hidden modernist villa you’d expect to find in Mexico City, Copenhagen, or the early creative years of Venice Beach, before everyone discovered it. Designed by Material Architecture & Furniture, built by Capsule, the home is a rare study in permanence, restraint, & warmth. An 18-inch structural concrete wall system, thermally broken floor to ceiling windows, custom steelwork, & Oregon white oak create a level of material integrity almost never seen in Portland’s residential construction.At the center of the property, a lush outdoor escape dissolves the line between indoors & out. Centor doors open the living spaces entirely to bluestone patios, curated landscaping, & a Port Orford cedar sauna turning the courtyard into a daily ritual rather than an amenity. Every surface feels intentional. Stainless steel counters. Limestone sinks. Gunmetal Watermark fixtures. Blackened steel details. Custom furniture & vintage collections, from Assemble Collective & Wilma, integrated into the architecture itself.The detached guest house functions as an independent retreat with a wood-burning fireplace, custom cabinetry, Brazilian granite. Ideal for guests, creative work, collectors, or wellness space.Positioned moments from the energy of Division, the home sits inside one of SE Portland’s most culturally magnetic neighborhoods where acclaimed restaurants like Ava Gene's, Lauretta Jean's, & neighborhood institutions anchor a district long associated with Portland’s creative evolution. Clinton/Division became what it is because artists, designers, chefs, architects, & independent thinkers moved here long before the rest of the world noticed. Look up Langlitz Leathers. That spirit remains.This home values architecture over square footage, atmosphere over excess, & originality over replication. [Home Energy Score = 9. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10248070]

3126 SE 36TH AVE, Portland
$4,500,000
6 Beds ⋅ 7 Baths ⋅ 127297969 MLS
Set on an incredibly rare eight private acres in Portland’s prestigious Southwest Hills, the historic Merlo Estate offers a once-in-a-generation opportunity to experience timeless Pacific Northwest elegance in a breathtaking vineyard setting designed for unforgettable entertaining. Built in 1939, this stately residence was home to influential Portlanders whose business, civic, and philanthropic legacies helped shape the city.Set behind a gated entrance in unincorporated Multnomah County, the estate blends classic architectural character with the natural beauty of the surrounding landscape. Expansive grounds showcase sweeping vineyard views, including three acres of private vineyards, along with resort-style amenities such as a saltwater pool with adjacent hot tub and fully equipped outdoor kitchen, a lighted tennis court, and bocce ball court, perfect for gatherings large and small.The home’s architecture reflects a refined yet grounded aesthetic, with a stucco exterior, copper accents, painted shutters, and a striking arched entryway. Inside, warmth and craftsmanship define the spaces, featuring custom millwork designed specifically for the Merlo family, generous room sizes, and abundant natural light.Large formal living and dining spaces capture incredible views of the pool and vineyards, creating an elegant setting for entertaining. Just off the kitchen, a spacious sitting room with floor-to-ceiling windows brings the outdoors in and offers a bright, inviting place to gather.Designed for both everyday living and entertaining, the main floor living room opens seamlessly to an expansive patio, offering stunning views, an idyllic backdrop for hosting and relaxation alike. The primary suite is a true retreat, complete with a fireplace and dual bathrooms, offering both comfort and privacy.The lower level enhances the home’s resort-like feel with a sauna, hot tub and wine storage while a 3 car attached garage and 1070 sq ft outbuilding offer flexibility for events

2732 SW Scholls Ferry RD, Portland
$4,995,000
6 Beds ⋅ 7 Baths ⋅ 729093728 MLS
Willamette Riverfront Estate blending Northwest Craftsman architecture with thoughtful modern updates. Originally built in 1913 and extensively reimagined in 2005-2006, this home is set on over an acre along one of Lake Oswego’s most sought-after stretches of riverfront. Rich woodwork, custom built-ins, high ceilings, and refinished hardwoods define the interiors. The kitchen opens to the family room and a window-wrapped sunroom with vaulted bamboo ceilings and panoramic river views. Features include a butcher-block island, 8-seat eating bar, and a 6-burner Wolf range. The updated butler’s pantry offers a secondary suite of appliances to enhance everyday function and entertaining. Formal living and dining, office with exterior access, and main-level guest suite. The primary suite offers a spa-like bath clad in Ann Sacks tile, complete with a fireplace-accented soaking tub, oversized walk-in shower, and recently renovated closet. The lower level is designed for entertaining, featuring a wet bar and seamless access to the backyard, pool, and riverfront. An upper-level bonus room is complete with a built-in rock climbing wall and interactive game elements. Outdoor features include an oversized dock with 2 boat lifts and 2 jet ski docks, a thoughtfully designed pool and spa, and two gas fireplaces. Gated entry, mature landscaping, and private setting in the Riverdale School District. Significant improvements completed in recent years include transformative exterior paint, a refreshed main-level statement fireplace and eating bar, remodeled butler’s pantry with integrated dual laundry, custom primary closet, and an elevated gangway system.

12790 S FIELDING RD, Lake Oswego
$4,995,000
8 Beds ⋅ 6 Baths ⋅ 387396185 MLS
Cedarhurst is more than a residence. It is a turn-key lifestyle rooted in heritage and enriched by thoughtful design. Originally built in 1895 and masterfully reimagined through an extensive 2023 renovation, the estate is tucked atop a graceful circular driveway. The manicured grounds feature an incredible 6-car underground garage plus an adjacent 2-car bay. The outdoor oasis is designed for year-round enjoyment, boasting a heated in-ground current pool, covered lounge, and greenhouse. Inside, elegant herringbone oak floors lead to a grand entry flanked by a library with custom built-ins and a formal living room with triple French doors. The chef’s kitchen is a masterclass in form and function, featuring quartz countertops, a Hestan range, dual dishwashers, and a built-in fridge. A light-drenched sunroom overlooks the lush backyard, while 8 well-appointed bedrooms, 6 full bathrooms, and 2 half bathrooms across three levels plus a finished basement offer exceptional scale without compromising intimacy. A seamless blend of history and modern refinement, Cedarhurst remains a true generational legacy.

11175 S RIVERWOOD RD, Portland
$4,500,000
508452690 MLS
This rare nine-lot assemblage presents a significant multifamily development opportunity in a highly desirable transit-oriented location. The combined parcels total approximately 100,190 square feet and are zoned RM3, allowing for substantial residential density and long-term upside potential. Under current zoning, the site supports development of approximately 100 market-rate units. By utilizing the 3:1 FAR base ratio and taking advantage of available density bonuses for affordable housing, the development potential increases dramatically to a higher number of units. Qualifying projects may also benefit from no minimum parking requirements, providing greater flexibility in site planning and improved project efficiency. The property is ideally situated with excellent access to light rail, multiple bus lines, parks, shopping, and restaurants. This strong connectivity enhances long-term rental demand and positions the site well for both market-rate and affordable housing development. In addition to its development potential, the property currently generates rental income, helping offset holding costs while development plans, entitlements, and permitting are pursued. This income component provides strategic flexibility during the planning phase. Opportunities of this scale, density, and transit accessibility are increasingly rare. This assemblage offers a compelling combination of current income, zoning flexibility, and substantial future development capacity in a growing corridor. Buyer to perform their own due diligence regarding development capacity, FAR bonuses, affordable housing incentives, and all zoning requirements.

E Burnside ST, Portland
$4,995,000
3 Beds ⋅ 3 Baths ⋅ 450970034 MLS
Perched high above Portland with one of the city’s most commanding panoramas, this Iconic ultra-modern masterpiece designed by renowned architect Bob Thompson delivers an epic blend of architecture, light, and cinematic indoor/outdoor living. Walls of glass capture a sweeping 270-degree view of the skyline, river, and the Cascade mountain range, while multiple terraces, a dramatic 75-foot lap pool, and refined contemporary interiors create a lifestyle centered on spectacle and serenity. Nearly 7,300 square feet of meticulously updated living space offer grand entertaining areas, a luxe main-level suite, a chef’s kitchen with Italian stone and Arclinea cabinetry, and resort-style amenities including a screening room, multi-level elevator, 3 car garage with a bar/TV with a oversized level and gated motor court, wine lounge, gym, and game room. With a seven-figure investment in recent upgrades, this home stands as one of Portland’s most extraordinary, view-driven offerings and an unmatched opportunity for buyers seeking a truly iconic vantage point.

1305 SW MYRTLE CT, Portland
$4,123,900
390824442 MLS
Located in Portland’s highly desirable St. Johns neighborhood, this offering represents a rare new-construction cottage cluster consisting of 11 detached homes on N Bank St. The detached configuration and fee-simple ownership structure provide long-term operational flexibility, simplified management, and strong resale optionality—either as a portfolio hold or future individual dispositions, subject to buyer strategy and local regulations. Purpose-built for efficiency and durability, each residence features energy-efficient mini-split systems for year-round heating and cooling, supporting lower operating costs and broad tenant appeal. The project was delivered by a multi-year Street of Dreams builder and Builder of the Year award winner, offering confidence in construction quality, design execution, and long-term performance. The cohesive site layout balances privacy and density, enhancing tenant satisfaction while maintaining an approachable neighborhood scale. The St. Johns location continues to demonstrate strong rental demand driven by proximity to major employers, recreation, and everyday amenities. Residents enjoy quick access to Cathedral City Park, St. Johns Park, Pier Park, and the St. Johns Bridge, along with nearby dining, coffee, and breweries including Two Stroke Coffee, Affogato, John Street Cafe, Leisure Public House, StormBreaker Brewing, Wonderwood Springs, and The Fixin’ To. This amenity-rich environment supports rent stability, reduced vacancy, and long-term appreciation. Overall, this asset delivers a compelling combination of detached new construction, efficient mechanical systems, walkable neighborhood amenities, and flexible ownership structure, making it well-suited for investors seeking durable cash flow, low near-term capital needs, and strong exit optionality in one of North Portland’s most established submarkets.

8328 N Bank ST, Portland
$4,250,000
6 Beds ⋅ 5 Baths ⋅ 186005227 MLS
Nestled in Portland’s prestigious West Hills, this extraordinary estate offers sweeping views of the city skyline, Willamette River, and Cascade Mountains. Set on 1.17 acres of gated, park-like grounds, the property blends historic elegance with modern luxury.Originally built in 1887 by JJ McCaffrey and thoughtfully updated in 1928 by renowned architects Jacobberger and Smith, the residence showcases timeless craftsmanship and architectural distinction. The home has been exceptionally maintained over decades of ownership. Inside, experience approximately 10,000sf of living space that unfolds across four levels, featuring elaborate moldings, stained glass windows, rich wood floors, and multiple fireplaces. Grand formal rooms are complemented by a marble-clad chef’s kitchen with Thermador appliances, a butler’s pantry, and exquisite built-ins throughout.The upper-level grand ballroom represents architecture at its finest with maple wood floors, curved trusses, under-eave insulated storage, and finished with tongue and groove fir ceilings. The estate also includes two separate dwellings: a 2-bedroom, 1-bath guest house with fireplace and scenic views, and a 1-bedroom, 1-bath carriage house with full kitchen, office space, and a six-car garage. Outdoor amenities elevate the lifestyle with a full-size tennis court, in-ground pool surrounded by Italian porcelain patio, cobblestone driveway, and manicured gardens.Located minutes from NW 23rd, downtown Portland, top-rated schools including Ainsworth Elementary and Lincoln High, and major medical centers, this rare offering combines privacy, prestige, and convenience in one of the city’s most coveted settings. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10226736]

1816 SW HAWTHORNE TER, Portland
$4,350,000
713931810 MLS
Welcome to Savona Apartments, a 24-unit apartment community ideally situated at 4620 N Maryland Ave in the heart of one of Portland’s most dynamic neighborhoods. Built in 2018, Savona Apartments features modern construction and spacious floor plans designed for today’s urban lifestyle.This well-maintained property offers a blend of contemporary living and unbeatable location. Residents enjoy direct access to the vibrant Mississippi Avenue district, with its eclectic mix of renowned eateries, craft breweries, boutiques, and a lively arts scene—just steps from your front door. Commuters benefit from immediate access to the I-5 freeway and the MAX light rail, ensuring easy connectivity to downtown Portland and beyond.Additionally, this property has an assumable loan at 3.370% interest until June 2030. Property is fully occupied, please do not disturb tenants.

4620 N MARYLAND AVE, Portland
$4,999,000
757187463 MLS
RARE Owner-User Opportunity off busy Martin Luther King Jr Blvd in Portland for an Auto Body Shop. Includes 7 tax lots with 1.58 acres, two warehouse buildings: 22K with office space & 10K SF. Features include: 3-phase power, gas fuel and 12 total roll-up doors, ideal for investers, owner-users, or redevelopment. This is a rare opportunity to acquire a substantial footprint in a high-demand commercial corridor!

7606 NE M L KING JR BLVD, Portland
$4,799,900
23022381 MLS
Exquisite modern, new construction 20-unit apt complex from a quality local builder with a mix of studio + 1 bed units including a generous 1,124 sf Retail Space that presents a perfect canvas that can be tailored to suit a wide range of ventures. Expertly crafted featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors! Sleek custom cabinetry, desirable SS appliances + in-unit W/D + bike rack round out a few quality amenities. With remarkable proximity, in the heart of Belmont and just 0.6 miles to iconic Laurelhurst Park and blocks to Hawthornes vibrant shops + restaurants!

4738 SE BELMONT 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.