Portland Homes under $400,000

Welcome to Portland, Oregon—a vibrant city known for its eclectic culture, stunning natural beauty, and thriving arts scene. Nestled between the majestic Cascade Mountains and the picturesque Oregon Coast, Portland offers a unique blend of urban sophistication and outdoor adventure. With its iconic food trucks, craft breweries, and lush parks, it’s no wonder that Portland has become a sought-after destination for homebuyers looking for both character and community.

For those seeking to make Portland their home without breaking the bank, you're in luck! The city offers a variety of charming homes under $400,000, making it accessible for first-time buyers, young professionals, and families alike. From cozy bungalows in historic neighborhoods like St. Johns and Alberta Arts District to modern condos in the heart of the city, there’s something for everyone.

Imagine waking up in a quaint home with easy access to local coffee shops, farmer's markets, and beautiful green spaces like Forest Park or the Portland Japanese Garden. The city's commitment to sustainability and community living means you’ll find neighborhoods that foster connection and a sense of belonging.

In addition, Portland's diverse housing market means you can find properties that suit your lifestyle—whether you prefer a charming fixer-upper or a contemporary townhouse. With a budget of $400,000, you can embrace the Portland lifestyle without compromising on quality or location.

Explore the possibilities and discover your dream home in this dynamic city where creativity and nature thrive hand in hand!

Newest Portland Homes under $400,000

$349,900

2 Beds ⋅ 2 Baths ⋅ 595843610 MLS

Nestled in the heart of Brentwood Darlington, I pair detached cottage living and low maintenance ease with a full appliance package in one outstanding Southeast Portland offering. Unlike many other new construction homes, I am not a condo and have no HoA. You own the underlying lot outright and have no additional monthly dues to worry about. Crafted by a local family builder with roots in finish carpentry, I reflect enduring craftsmanship, forward thinking design, and a commitment to strengthening Portland’s neighborhoods. Built better from the finish up. Inside, I offer 978 square feet with 2 bedrooms and 2½ bathrooms across an efficient two level plan. My open main level brings the kitchen, dining, and living spaces together for comfortable daily living and easy entertaining. Solid surface countertops, practical storage, and a peninsula island with eat bar support everything from quick meals to hosting friends. A full appliance package with refrigerator, washer and dryer, along with included window coverings, helps ease the move in process. Mini split heating and cooling on my main level and in each bedroom provides efficient year round comfort throughout every key living space. Upstairs, two bedrooms and two full bathrooms offer privacy and everyday function, while tasteful coffered ceilings add an elevated finish detail. Outside, my patio provides room for dining, planters, morning coffee, or unwinding in the fresh air without taking on extra upkeep. Brentwood Park is just up SE 60th with paved paths, picnic areas, play spaces, sports fields, volleyball, and open green space, while the nearby community garden adds to the rooted neighborhood feel. Woodstock New Seasons, Mt. Scott Community Center, Foster area dining, neighborhood coffee, parks, errands, and bike routes are all within easy reach. Nearby Woodstock shops and restaurants add even more convenience, helping me live larger than my footprint in everyday Southeast Portland style.

7045 SE 60th AVE, Portland

$324,900

2 Beds ⋅ 2 Baths ⋅ 548784810 MLS

Welcome to polished new construction in Portland’s Reed neighborhood, where my 88 Bike Score and proximity to Reed College put parks, restaurants, neighborhood essentials and Crystal Springs Rhododendron Garden close at hand. Woodstock, Brooklyn and Westmoreland expand your options for coffee, dining, shopping and recreation while I maintain a quieter residential setting in close in SE Portland. Crafted by a local boutique builder known for elevated interior detailing, I stand apart with illuminated crown molding, architectural built ins, designer accent walls and layered lighting throughout. My open main level connects the kitchen, dining and living spaces for an easy everyday flow. In my kitchen, rich cabinetry, an intricate backsplash, floating shelves and accent lighting create a warm, polished backdrop, while the living area is anchored by a dramatic feature wall with built ins and soft ambient lighting. A guest bathroom continues the distinctive design with moody finishes and elegant tilework. Upstairs, my primary suite and spacious secondary bedroom feature soaring ceilings, oversized windows and perimeter lighting that adds another layer of architectural interest. My thoughtful bedroom separation offers flexibility for guests, shared living, work from home needs or additional privacy. Outside, my private fenced yard and patio create room for morning coffee, gardening, pets or relaxing outdoors. With refined finishes, distinctive details and a location near Reed College and some of Southeast Portland’s favorite neighborhoods, I bring character and convenience together in a brand new home. 100% financing may be available to qualified buyers; ask for details. The list price reflects buyer eligibility for the Portland Housing Bureau System Development Charge exemption program, with owner occupancy as the primary buyer requirement.

5169 SE 28th AVE, Portland

$365,000

3 Beds ⋅ 2 Baths ⋅ 711445438 MLS

Exquisite new construction 3 bed/ 2.5 bath townhome in Montavilla. Most desirable End unit with tons of privacy and a Large back yard. Spacious main floor with kitchen island, stainless steel appliances, quartz countertops, Sliding door, roomy pantry in addition to coat closet and half bath on main floor with outdoor landscaped patio to enjoy sunny Portland days. This townhome is located in Montavilla, convenient to public transportation, food carts, parks, and all the restaurants, shops and breweries you hope for in a Portland neighborhood. Put this one on your list to see today! Holte Limitaed Tax abatement available for Qualified Buyers.

1122 NE 84th AVE, Portland

$339,900

2 Beds ⋅ 2 Baths ⋅ 451710989 MLS

Directly across from Peninsula Park, I offer brand new living in one of North Portland’s most recognizable neighborhood settings, with the rose garden, open lawns, playground and walking paths just steps from my front door. Built by a multi year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, I feature two bedrooms, two and a half bathrooms and 903 square feet thoughtfully designed for comfortable everyday living within a new five home N Albina community. My open main level connects the kitchen, dining and living areas, creating an inviting space to cook, gather and unwind. Custom cabinetry, solid surface countertops, stainless steel appliances, an island and practical storage bring function and style to the kitchen, while a convenient half bathroom completes the main level. Just off the living room, my private fenced yard space includes a small patio, giving you a comfortable spot for morning coffee, fresh air, pets or a little outdoor space of your own. A gated entry adds an extra layer of controlled access and peace of mind. Upstairs, both bedrooms feature their own private ensuite bathroom, creating flexibility for shared living, guests, a home office or added privacy. Mini splits provide efficient year round heating and cooling, and a one year builder warranty offers added peace of mind after closing. With a Walk Score of 74 and a Bike Score of 100, my N Albina location makes it easy to enjoy Peninsula Park, explore the restaurants, shops and neighborhood energy along Mississippi and Williams, or use nearby Killingsworth, Interstate and the MAX Yellow Line for groceries, dining, errands and connections around Portland. My list price is subject to buyer eligibility for the Portland Housing Bureau SDC exemption program and buyer must be owner occupied. I also benefit from the HOLTE 10 year property tax abatement, offering significant potential savings for an eligible buyer.

6187 N Albina AVE Unit #2, Portland

16417 NW CHADWICK WAY Unit #203, Portland

$290,000

2 Beds ⋅ 2 Baths ⋅ 518983699 MLS

Within the gated community of West Park at Bethany Condo, 16417 NW Chadwick Way, Portland OR 97229 encompasses 920 square feet, built in 2018 and renovated in 2026. In Portland, the home connects to Springville and Westview. The main interior features a fireplace to gather around on cool evenings. The kitchen is equipped with quartz countertops and stainless steel appliances for preparing meals at home. A dedicated laundry room provides utility space, while an attached garage supplies direct parking. Outside, a patio opens to a fenced yard for fresh air and outdoor dining. Enjoy updated condominium living in West Park at Bethany Condo.

16417 NW CHADWICK WAY Unit #203, Portland

$164,900

1 Beds ⋅ 1 Baths ⋅ 414090484 MLS

Welcome to the Lexis in the Pearl District! This 4th floor move-in-ready 527-square-foot studio has new interior paint, LVP flooring, a kitchen with a breakfast bar and stainless steel appliances, a walk-in closet and an in-unit washer and dryer. A deeded storage unit is included. All appliances are included. Air conditioning in unit. The building has secure access, a fitness center, party room, meeting space, bicycle storage and landscaped courtyard. The Portland Streetcar line is nearby, with Tanner Springs Park one block away and The Fields Park two blocks away, which features a leash-off dog park section. Monthly HOA dues cover water, sewer, trash, and building insurance. Restaurants, coffee shops, groceries, shopping, and entertainment are close by.

1125 NW 9TH AVE Unit #424, Portland

$267,500

1 Beds ⋅ 1 Baths ⋅ 737100850 MLS

Rarely available EAST-FACING residence offering a spectacular urban panorama encompassing the Pearl District, downtown skyline, Fremont Bridge, Mt. St. Helens and Mt. Adams. Immaculately presented and freshly renovated, this exceptional one-bedroom features brand new TAS laminated floors throughout—not vinyl plank—along with a sophisticated kitchen finished in satin-black cabinetry and upgraded GE, Electrolux and KitchenAid appliances. Dramatic 9’ exposed-concrete ceilings provide volume and architectural character. One of a handful of 1 bedroom units that comfortably accommodate a king-size bed. Enjoy effortless lock-and-leave living in a Class A high-rise of concrete-and-steel construction by renowned developer Gerding Edlen. The LEED Gold-certified property was meticulously designed for environmental responsibility, energy efficiency and sustainability. Residents enjoy 24/7 concierge and security, plus highly desirable deeded PARKING—an end space ideally located near the elevators—and a large deeded STORAGE UNIT offering more than 200 cubic feet of secure, bonus storage located in the underground garage. Whirlpool Duet high-capacity washer and dryer and built-in microwave all included. High-efficiency heat-pump for forced-air heating and cooling. Solid HOA financials, the dues include gas, water, sewer, hot-water, trash/recycling, building maintenance & insurance, 24/7concierge/security and professional property management. Ideally situated at the crossroads of the Pearl, Alphabet District, Downtown and Goose Hollow, with the MAX train just steps away for convenient connections to Nike, Intel and PDX Int’l Airport. 99 Walk Score, 82 Transit Score and 91 Bike Score. No rental cap; 30-day minimum lease. Furniture, kitchenware and electronics are negotiable, providing an exceptional opportunity for a turnkey city residence, pied-à-terre or furnished investment.

1926 W BURNSIDE ST Unit #807, Portland

$399,999

3 Beds ⋅ 2 Baths ⋅ 755116475 MLS

Incredible opportunity on a remodeled & updated 1941 ranch home on an almost 8,000 sq. ft. fenced lot. This is no cookie-cutter; this is a unique and much-loved home. Gated driveway with room for 4 to 6 cars, RV, boats and more. Large tool shed. Near Mt. Scott, Leach Botanical Garden, Powell Butte and numerous trails, parks and schools. Updated kitchen with Island and French doors onto the brand-new cedar deck. Newer roof, gutters and downspouts (2023), TPO roofing (2017). Heat pump & A/C mini-split system (2017), plus updated plumbing 2021 and electrical. Primary suite with beamed ceilings, walk-in closet and private bathroom. 3rd bedroom is non-conforming. Great price on a great house. Check back for a 3D tour and floor plan, coming soon.

6000 SE 128TH AVE, Portland

3911 NE KILLINGSWORTH ST Unit #10, Portland

$259,400

2 Beds ⋅ 1 Baths ⋅ 120517098 MLS

Vintage charm meets thoughtful updates in this inviting upstairs condo in Northeast Portland’s Concordia neighborhood. Windows on three sides fill the approximately 750-square-foot home with natural light. It offers two bedrooms, one bath, warm oak floors, high-end Marvin Integrity Ultrex double-pane fiberglass windows, a refreshed kitchen and bathroom. Generous bedroom-closet storage is complemented by a dedicated storage unit in the shared basement laundry area. Newer mini-splits provide air conditioning, with electricity paid by the owner. HOA dues cover water, trash, baseboard heat, laundry, grounds maintenance, and insurance. Fernhill Park is close by, with a playground, seasonal splash pad, off-leash dog area, and summertime events. Kennedy School offers a movie theater, soaking pool, restaurants, and bars. Enjoy nearby New Seasons Market, the Alberta Arts District, shops and dining along NE 42nd Avenue, Beaumont Village, and the Dekum Triangle. The Cully Farmers Market is also located on NE 42nd Avenue. TriMet Lines 72 and 75 serve the area, and the location has a Walk Score of 80 and Bike Score of 97—great options for getting around without a car.

3911 NE KILLINGSWORTH ST Unit #10, Portland

$314,900

2 Beds ⋅ 2 Baths ⋅ 423554037 MLS

From neighborhood coffee runs to evenings on my private patio, I make close in Portland living feel easy. In Sellwood-Moreland, I’m a brand new condo with a bright, open main level that welcomes natural light through large windows, creating an inviting space to cook, gather and unwind. My kitchen pairs solid surface countertops, custom cabinetry, stainless steel appliances and tile accents for a polished finish with everyday function. Upstairs, both bedrooms feature tray ceilings and their own private full bathroom, offering comfort and flexibility for guests, shared living or a home office. In unit laundry adds convenience, and energy efficient mini-splits provide year round heating and cooling. My fenced patio gives you a place to enjoy morning coffee or relax outdoors, while a one year builder warranty offers peace of mind as you settle in. With a Walk Score of 89 and Bike Score of 95, my location puts neighborhood favorites like Blue Kangaroo Coffee Roasters, Grand Central Bakery, Bible Club and Moreland Ale House within easy reach. Sellwood Riverfront Park, Westmoreland Park and the Springwater Corridor offer nearby opportunities to get outside, while access to the MAX Orange Line and bus routes provides more ways to get around. Every detail reflects the vision of a multi-year Street of Dreams builder, blending elevated design with everyday livability and backing every home with an exceptional warranty. This is how your home was meant to be. My list price is subject to the Portland Housing Bureau’s SDC Program. Buyers must occupy the home as their primary residence to qualify.

1865 SE Tacoma ST Unit #3, Portland

$389,900

262783738 MLS

Charming Duplex w/ upgrades! Two 2BR/1BA units. Both units are vacant, making them ideal for an owner-occupant or an investor. Lots of updates like Newer windows, roof, paint, and more. Showings are easy. Don't miss this rare opportunity!

12110 SE Market ST, Portland

$389,900

4 Beds ⋅ 2 Baths ⋅ 401369357 MLS

12110 SE Market ST, Portland

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