Portland, OR Real Estate | Portland, OR Homes between $1,500,000 and $2,000,000 for Sale

Nestled just east of the Willamette River and downtown Portland, the Kerns neighborhood offers the perfect blend of residential charm and urban convenience. This highly sought-after close-in eastside location is known for its walkable streets, bike-friendly infrastructure, and seamless access to public transit and major arterials, including I-84.Kerns is home to a dynamic mix of historic single family homes, boutique apartment buildings, and modern mid-rise developments—reflecting the areas strong housing demand and long-term growth potential. Residents enjoy immediate access to a vibrant mix of local dining, retail, and cultural amenities, including Portland staples along East Burnside, NE Couch, and Sandy Boulevard. With limited housing inventory in this core submarket, the area continues to attract consistent tenant interest and investor attention.

722 NE COUCH ST, Portland

$1,798,000

4 Beds ⋅ 4 Baths ⋅ 359742165 MLS

Perched on a bluff in the hills of Southwest Portland, this exceptional 1928 Tudor Revival commands sweeping views of Mt. Hood and the Willamette River. Inside, the home strikes an artful balance between modern comfort and historic authenticity. Rich red oak flooring pairs beautifully with original millwork, custom ironwork, and period brass fixtures. Graceful Tudor archways and coved ceilings evoke Old World craftsmanship alongside leaded glass casement windows with gum wood trim, charming window seats, and a dramatic curved staircase with a hand-forged iron railing. Whether framed by the oversized picture window or enjoyed from the attached balcony, the great room offers stunning river and mountain views, complemented by an elegant fireplace with a hammered copper hood. These views continue in the formal dining room, providing the perfect backdrop for memorable meals. The kitchen marries period charm with modern functionality through rich gum wood cabinetry, granite countertops, multiple sinks, high-end appliances, and a window-lined breakfast nook. The upper level hosts three bedrooms plus the primary suite - a sophisticated retreat with Willamette and Mt. Hood views, a fireplace, and a luxurious bath with a deep soaking tub and custom mosaic tilework. The lower level offers a family room with a floor-to-ceiling brick fireplace, terrace access, and abundant storage. Capitalizing on an unmatched location, an expansive east-facing terrace delivers panoramic views over a heated infinity pool and hot tub, while multiple gathering areas and a pool house with full kitchen allow for effortless entertaining. An adjacent 0.15-acre buildable lot - offered separately - offers future expansion possibilities. Located steps from scenic Terwilliger Parkway and a short walk to the Chart House, the home is bordered to the north by Marquam Nature Park and its 200 undeveloped acres and miles of trails, with the shops and restaurants of South Portland and downtown just minutes away. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10214602]

5570 SW MENEFEE DR, Portland

$1,599,900

5 Beds ⋅ 4 Baths ⋅ 131982527 MLS

Welcome to 5122 SE Jenne Rd, a unique opportunity to own a spacious and versatile property in Portland’s scenic outer SE area. 4 shops make this a great opportunity for the car enthusiast. Set on 7.28 acres of land with Residential Farm zoning, city sewer line on Jenne Rd for future development ( buyer to do their own due diligence) this 4,135 sq ft home offers the perfect balance of privacy, functionality, and potential income.This 5-bedroom, 4-bathroom home features generous living spaces, a well-designed layout, and plenty of room for multi-generational living or entertaining. The attached 2-car garage adds convenience, while the acreage opens the door to endless possibilities—from gardening and hobby farming to livestock ownership, which can help reduce property taxes under current zoning allowances.A standout feature is the separate shop building on the property—ideal for a home-based business, storage, or as a potential rental income opportunity, shop has 240V, water (electrical is metered)Shop size is over 3,000 sqft and lots of parking in the front of it! Whether you're looking for a mini-farm, a private retreat, or just a home with room to grow, this property combines rural charm with city accessibility. Located just minutes from schools, parks, and amenities, yet offering the peace and freedom of country living.Don't miss this rare chance to own a piece of Portland’s agricultural-residential landscape!20 minutes from downtown Portland and the airport, 5 minutes from groceries and food carts.

5122 SE Jenne RD, Portland

$1,500,000

597424242 MLS

Why pay rent for your work space when you can own this gem! Introducing the original Kelly House, located in the vibrant South Waterfront area near the OHSU Plaza and OHSU Center for Health & Healing I & II . This prime Commercial/Office Residential mixed-use building features stunning architecture and versatile spaces. Meticulously maintained and restored to perfection, the property offers multifaceted potential uses, including medical offices, counseling and mental health services, spa and massage therapy, acupuncture, educational classrooms, potential for student housing, and more. The property showcases a beautiful wraparound porch, balconies, Mt Hood views and exquisite architectural details both inside and out. The timeless Classic Portland Craftsman architecture seamlessly transitions from the exterior to the interior, highlighting rich woodwork and trim, built-ins, fireplaces, hardwood and wood floors, spacious rooms with high ceilings, crown moldings, and tin ceilings.A full, dry basement with higher ceilings provides additional spaces for development. The approximately 100x100 lot includes a paved section with 10 off-street parking spaces. Consider adding to this space to create student housing or renting to food carts to enhance the already vibrant community."

3906 S KELLY AVE, Portland

$1,695,000

252542195 MLS

$140,000 annual gross revenue.Step into a thriving, heart-centered wellness business located in the vibrant SE Buckman neighborhood of Portland. Awakenings Wellness Center offers a rare turnkey opportunity to own a fully operational, income-producing, holistic healing center with a deeply rooted presence in the local community since 2004. With 12 of the 13 private treatment suites already leased to long-term, licensed practitioners and a 900 SF yoga and event studio, this owner-operator or investor opportunity is prime - and ready for you. A rare amenity in SE Portland, the property includes FREE parking in a dedicated 38-space parking lot directly across from the property. This allows for ease of access by clients and tenants alike. Recent updates include exterior paint (2024), new deck (2024), sewer line and roof replaced (within 10 years). More than a physical space, Awakening’s is a thriving business ecosystem with a professionally managed website that streamlines daily operations, offering minimal owner involvement.

1016 SE 12TH AVE, Portland

$1,999,950

781370384 MLS

Exceptional 5-Bed Adult Care Home Business in SW Portland (9 Total Bedrooms)Located in a peaceful residential neighborhood in Southwest Portland, this well-established adult care home presents a rare opportunity for an experienced healthcare operator to acquire a profitable and fully licensed residential care business.This turn-key operation provides both quality care in a home-like setting and consistent financial performance. The home operates under a specialized needs contract and has a proven history of generating strong income. Updated 2025 financials (with adjusted owner-specific expenses) are available for review with a signed NDA, giving qualified buyers a clear picture of cash flow potential.The sale includes: • The residential property (9 bedrooms in total; 5 licensed for residents, the remainder used for staff and operations) • The established business entity with over a decade of operating history • A current DHS license, allowing the new owner to continue operations without interruptionThe seller will ensure a smooth transition, including full support with licensing, compliance, and operational handoff.Buyer Requirements: To maintain licensing and ensure continuity of care, buyers must have at least 2 years of verifiable healthcare industry experience.This is an outstanding opportunity to step into a thriving care home business with immediate income, established systems, and long-term growth potential. Ideal for healthcare professionals or operators looking to expand in the Portland metro area.Serious inquiries only. Updated business financials and operating details will be provided to qualified buyers with a signed NDA. Buyer to conduct own due diligence.

8955 SW CLUB MEADOW LN, Portland

$1,999,950

9 Beds ⋅ 2 Baths ⋅ 518219621 MLS

Exceptional 5-Bed Adult Care Home Business in SW Portland (9 Total Bedrooms)Located in a peaceful residential neighborhood in Southwest Portland, this well-established adult care home presents a rare opportunity for an experienced healthcare operator to acquire a profitable and fully licensed residential care business.This turn-key operation provides both quality care in a home-like setting and consistent financial performance. The home operates under a specialized needs contract and has a proven history of generating strong income. Updated 2025 financials (with adjusted owner-specific expenses) are available for review with a signed NDA, giving qualified buyers a clear picture of cash flow potential.The sale includes: • The residential property (9 bedrooms in total; 5 licensed for residents, the remainder used for staff and operations) • The established business entity with over a decade of operating history • A current DHS license, allowing the new owner to continue operations without interruptionThe seller will ensure a smooth transition, including full support with licensing, compliance, and operational handoff.Buyer Requirements: To maintain licensing and ensure continuity of care, buyers must have at least 2 years of verifiable healthcare industry experience.This is an outstanding opportunity to step into a thriving care home business with immediate income, established systems, and long-term growth potential. Ideal for healthcare professionals or operators looking to expand in the Portland metro area.Serious inquiries only. Updated business financials and operating details will be provided to qualified buyers with a signed NDA. Buyer to conduct own due diligence.

8955 SW CLUB MEADOW LN, Portland

$2,000,000

565167286 MLS

Freestanding commercial restaurant building with full equipment and ample on-site parking in a local plaza on SE Powell Blvd, at the borderline of SE Portland and Gresham. About 165 seats in dining & banquet rooms + 65 in bar lounge. Bar area has 6 poker machines, designated covered smoking area. Established 37 years ago with stable clientele. No leased equipment, additional incomes from Juke Box by vendor & ATM owned by sellers in addition to 6 lottery machines. To be shown by appt only.

17110 SE POWELL BLVD, Portland

$1,650,000

582178747 MLS

Commercial building with great frontage along SE Milwaukie, will be vacated at time of closing. Great opportunity of owner/occupied with live/work potential.

4033 SE MILWAUKIE AVE, Portland

$1,799,900

24513832 MLS

Don’t miss this incredible chance to expand your portfolio with 5 beautifully designed detached homes, each featuring 2 bedrooms and 2.1 baths, located in the highly desirable St. Johns neighborhood. These impeccably crafted residences are just 0.3 miles from an array of amenities, including coffee shops, grocery stores, parks, and trendy restaurants. Each home boasts an open-concept layout that is perfect for modern living. You’ll be impressed by the kitchens, showcasing warm cabinetry, stunning tilework, sleek black finishes, and gleaming stainless steel appliances. The seamless flow from the kitchen to the dining area and living room makes these homes ideal for entertaining or simply enjoying time with loved ones. Each living room opens to a private yard space, enhancing outdoor enjoyment. Upstairs, discover spacious primary suites and additional bedrooms, all drenched in natural light from lofty ceilings and expansive windows. Invest confidently in this new construction, complete with a 1-year builder warranty from a 2025 Builder of the Year award winner and respected multi-year Street of Dreams builder. This is a fantastic opportunity to bolster your investment portfolio in a thriving community.

6917 N Bank ST, Portland

$1,600,000

24197244 MLS

6228 N Interstate is a commercial property in one of Portland's most active development corridors. As of January, there are six multifamily projects under construction or proposed within walking distance. The property features fantastic exposure on Interstate Ave, North Portland's primary north-south artery. The MAX Yellow line runs along Interstate Ave, and there is a MAX station just one block from the property.The site is currently occupied by a 2,660 Sq Ft building that was most recently used as a restaurant. It also features a 13-stall parking lot. The land is entirely level.

6228 N INTERSTATE AVE, Portland

$1,995,000

4 Beds ⋅ 2 Baths ⋅ 24389809 MLS

Nestled in a serene enclave between the Willamette River and Lewis & Clark College, this gorgeous 1914 Dunthorpe home offers a rare blend of historic charm and modern elegance. Tucked away behind artful privacy hedges, the property is a hidden refuge minutes from downtown. Authentic Craftsman details, coffered shiplap ceilings, classical molding, beautiful hardwood floors, custom built-ins, evoke the meticulous craftsmanship unique to homes of this era. The main floor is a harmonious blend of three distinct living spaces, each oriented towards a central cobblestone courtyard and accented by French doors surrounded by glass that flood the home with natural light. The result is a seamless blend of indoor/outdoor living, ideal for entertaining. The gourmet kitchen boasts granite countertops, cabinet-faced appliances, and an island with built-in Gaggenau cooktop. In the adjacent great room, a beautiful box bay window creates the perfect sun-drenched reading nook, while a wood-burning fireplace encased in custom built-ins adds warmth to the space. A charming living area across the courtyard features a second fireplace with mosaic stonework, built-in bookshelves, a cozy window seat, and a light-filled sunroom with outdoor access. Upstairs on its own wing, the primary suite is airy and bright thanks to vaulted ceilings, skylights, and pale hardwood floors. The suite also boasts dual walk-in closets and a spa-like bath with subway tile wainscoting, built-in towel warmer, and dual vanity with marble countertops. 3 bedrooms and a full bath occupy the opposite wing. Additional spaces include a lovely sitting room, a mudroom, and an unfinished basement. The expansive, mature, and beautifully-landscaped half-acre lot is a gardener's dream. Connected via Portland's SW Trails system to Tryon Creek State Natural Area and its miles of trails. Riverdale is consistently ranked the best school district in Multnomah County. Downtown Portland and Lake Oswego are just minutes away.

1803 S RIVERDALE RD, Portland

$1,545,000

4 Beds ⋅ 3 Baths ⋅ 23344132 MLS

Gorgeous contemporary custom designed plan with 420 square foot deck off master bedroom and covered deck off great room. Top of the line modern finishes and appliances. Meet with the builder's designer to select yours. Very private setting at end of street in a great neighborhood with quick downtown/Council Crest/Hillsdale access. You may also customize your home by adjusting the floor plan or exterior elevation.

4453 SW Melville, Portland

$1,899,000

22390670 MLS

Fully leased, income-producing 7-unit multifamily asset in North Portland, well suited for a 1031 exchange buyer seeking stable cash flow, diversified unit mix, and modern construction in a single acquisition. The property includes six newer-construction condominium residences plus a detached single-family home, offering multiple income streams and reduced operational concentration risk. The newer units feature efficient, renter-driven open-concept layouts with contemporary finishes, solid surface countertops, modern cabinetry, and neutral design selections that support strong leasing performance and long-term tenant retention. Unit mix ranges from studio to three-bedroom residences, allowing exposure to a broad tenant base and resilience across market cycles. The detached two-bedroom home includes a basement providing substantial storage and functional flexibility, enhancing tenant usability and operational convenience. The property is fully occupied, allowing an investor to step directly into stabilized income with no lease-up exposure. Located near the Cathedral Park neighborhood, one of North Portland’s most recognizable and tenant-favored areas, known for its riverfront setting beneath the iconic St. Johns Bridge, expansive green space, community events, and strong neighborhood identity that consistently drives rental demand. The location offers approximately 1.5 miles to Cathedral Park itself, under 1 mile to Pier Park and Columbia Park, and convenient access to dining, neighborhood retail, and services along N Lombard Street within roughly 0.75 miles. A 94 Bike Score and 91 Walk Score, nearby transit options, and proximity to employment centers and outdoor amenities further support long-term tenant appeal and durable rental performance. A rare opportunity to acquire a turnkey, stabilized multifamily investment combining modern construction, diversified income, and one of North Portland’s most sought-after neighborhood settings in a single cohesive package.

7206 N SAINT LOUIS AVE, Portland

Portland, OR Homes between $1,500,000 and $2,000,000 for Sale

Newest Portland, OR Homes between $1,500,000 and $2,000,000 for Sale

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