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

$4,350,000

768728146 MLS

Versatile commercial property offering 6 divisible suites with flexibility for a variety of potential business and investment strategies.? The property may accommodate retail, office, distribution, manufacturing, or other uses subject to applicable zoning, permitting, and governmental approvals.? Each suite features its own bay door, providing convenient access for operations, deliveries, or storage.?The property includes a dedicated parking lot with approximately 15+ parking spaces that was previously utilized for food carts, presenting the potential to explore a similar use in the future, subject to applicable zoning, permitting, and governmental approvals.? A separate, substantial lot located behind the building provides additional space and flexibility for a future owner.?The six-suite configuration creates an opportunity for an owner-user to occupy all or a portion of the property while leasing the remaining space, or for an investor seeking a flexible multi-tenant commercial asset.? Buyers may also explore potential redevelopment or alternative uses, including multifamily, subject to zoning, land-use regulations, permitting, and other governmental approvals.?Buyer to perform their own due diligence regarding zoning, permitted uses, development or redevelopment potential, parking, food cart use, property condition, square footage, and all other aspects of the property.? No representation or warranty is made regarding approval or feasibility of any particular use.?

8411 N DENVER AVE, Portland

$4,500,000

3 Beds ⋅ 3 Baths ⋅ 342563644 MLS

Skyview is a modern masterpiece. A tranquil, light-filled urban oasis. A four-story luxury home with a commercial-grade elevator, retractable glass walls, and panoramic views. Appointed on a sunny corner lot, in an ideal neighborhood and community, Skyview lives beautifully! An architectural unicorn designed by award-winning William / Kaven Architecture. Built for serenity, longevity and joyful living, no expense was spared in sumptuous upgrades or thoughtful details. Elegantly camouflaged in lush greenery, the white-glazed terra-cotta, concrete and steel building artfully blends into the neighborhood. Across from beloved Wallace Park in the most wonderful, walkable Alphabet District. Vibrant NW 23rd Avenue cafes, boutiques and restaurants are ideally distanced, just two blocks away. Thriving Slabtown and New Seasons Market, only a few blocks farther. Forest Park, a large urban forest reserve nearby, offers countless hiking trails, and is a majestic green backdrop to Skyview’s amazing sunsets. An ideal alternative to penthouse living without an HOA (or shared parking and elevators). Two-car garage and deep private driveway make life easy. Separate access to main level studio, half bath and sink through the peaceful courtyard. Owners have loved living here for the last 5+ years and added their own impressive upgrades. Please ask to see Floorplan, Property Highlights and Skyview website with video, additional photo gallery and slideshow. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10188408]

1560 NW 25TH AVE, Portland

$4,500,000

108757022 MLS

"PREMIUM HOLLYWOOD DISTRICT DEVELOPMENT OPPORTUNITY" Listing Includes 4 tax ID #s and multiple lots: R216668, R216669, R216678, R216670. 2 Existing common wall buildings; middle building attached on the west to additional building not included in the sale / different owner. Large open parking lot south of buildings with Sandy Blvd. frontage. Highest and best use likely to scrape existing buildings and develop parcels in their entirety. Approx. 0.92 +/- Acres total ground space. 190' Sandy Blvd frontage and 390' NE 43rd Ave 390's frontage. The rapidly developing Hollywood district with revitalization occurring in all directions place this site at the heart of development and ready for Grand scale development to mixed use commercial and residential. Ground floor retail, ample room for underground and/or interior parking, and 4 stories for retail and condos/apartments situate this multiple parcel / lot property in a premium position for large scale development for the highest and best use. Note: Only a very small portion of one building is leased with the balance being vacant ready for development. **Due Diligence to be completed by buyer at buyer's expense**

4232 NE SANDY BLVD, 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

$4,485,000

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.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. OWNER WILL CARRY! [Home Energy Score = 9. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10248070]

3126 SE 36TH AVE, Portland

$4,995,000

6 Beds ⋅ 7 Baths ⋅ 138611139 MLS

Wake each day to filtered sunlight through towering firs, stroll manicured lawns framed by mature gardens, and enjoy a setting that feels both secluded and effortlessly connected. Set on more than two acres in prestigious Dunthorpe bordering Lake Oswego, this remarkable estate offers a rare blend of privacy, scale, and refined living. The 11,000+ square-foot residence, designed in 1924 by renowned architect Ellis Lawrence, pairs timeless Tudor Revival, Arts and Crafts, Spanish Renaissance, and Mediterranean influences with thoughtful modern enhancements, including a chef’s kitchen reimagined in 2025, a resort-style pool & guest house, a detached private fitness center, and professional-grade turf and basketball sport courts. Meticulously preserved and beautifully refreshed, with extensive renovations by the current owners, the home features restored Garry oak floors, leaded glass windows, elegant archways, and light-filled living spaces designed for both grand entertaining and everyday comfort. Surrounded by sweeping lawns, mature trees, and curated gardens, this landmark property offers a truly exceptional retreat just minutes from Lake Oswego and downtown Portland.

1905 S GREENWOOD RD, Portland

$4,695,000

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

$4,028,900

258555663 MLS

Acquire an entire new construction 11 unit condominium community in Portland’s desirable Markham neighborhood, offering investors a turnkey portfolio with immediate lease up potential. All homes are vacant and move in ready, providing a clear path to tenant placement and income stabilization. The offering includes 9,970 total square feet across 11 thoughtfully designed 2 bedroom, 2½ bathroom residences, each spanning approximately 905 to 908 square feet. Every home features a bright great room layout. Kitchens are anchored by islands with eat bars and include solid surface countertops, stainless steel appliances, pantries, and generous cabinetry. Upstairs, dual ensuite bedrooms provide privacy that appeals to roommates, remote workers, and guests. In unit laundry and efficient mini splits add everyday convenience and year round heating and cooling. Five homes in the west building offer private decks, while six homes in the east building feature patios. Select residences add larger fenced yards, premium end unit positioning, or additional windows that enhance natural light. Built by a trusted Pacific Northwest Street of Dreams builder with over 20 years of experience, known for purposeful design and precision craftsmanship. Designed for life. Crafted to last. The location supports sustained rental appeal with Gabriel Park, Multnomah Village shopping and dining, Barbur Boulevard transit, downtown Portland, and major employment centers all within easy reach. A rare opportunity to acquire an entire lease ready community with modern construction, several variations of outdoor spaces, and compelling long term potential in Southwest Portland.

8632 SW 21st AVE, Portland

$4,085,500

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.

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

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

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