Gresham Homes under $400,000

Welcome to Gresham, Oregon, a vibrant city nestled in the heart of Multnomah County, just east of Portland. Known for its stunning natural beauty and friendly community atmosphere, Gresham offers a perfect blend of urban convenience and suburban tranquility. With a rich history and a commitment to preserving its natural surroundings, this city is a hidden gem for homebuyers seeking both affordability and quality of life.

Gresham boasts a diverse range of neighborhoods, each with its own unique charm. From the picturesque parks and trails to the bustling downtown area filled with shops, restaurants, and cultural events, there’s something for everyone. Residents enjoy easy access to outdoor activities, with nearby Mount Hood and the Columbia River Gorge providing endless opportunities for hiking, biking, and exploring nature.

For those looking for their dream home without breaking the bank, Gresham is an excellent choice. The real estate market here features a variety of homes priced under $400,000, making homeownership attainable for first-time buyers, families, and anyone seeking a cozy retreat. Whether you’re looking for a charming single-family home, a modern townhouse, or a spacious condo, Gresham offers a wealth of options to suit your lifestyle and budget.

With its strong sense of community, excellent schools, and convenient access to Portland, Gresham is not just a place to live; it’s a place to thrive. Discover the possibilities that await you in this delightful city, where your dream home is just around the corner!

Newest Gresham Homes under $400,000

$150,000

1 Baths ⋅ 290436707 MLS

Bring your builder and create your dream home in the desirable Persimmon Country Club community. This spacious, corner lot offers nearly half an acre at Deer Creek and SE 46th, providing plenty of room to bring your vision to life. Gas, power, water, and sewer are available for added convenience. Enjoy easy access to shopping, dining, entertainment, and the beautiful Persimmon Country Club. With a motivated seller and a sought after location, this is a great opportunity to build in an established neighborhood.

428 SE 46TH DR, Gresham

$372,000

2 Beds ⋅ 2 Baths ⋅ 443475866 MLS

Spacious 2BR/2BA townhome w/open, bright LR, Kit & separate dining on main level. The primary features a walk-in closet & a large bathroom w/walk-in shower. The 2nd BR offers a cubby for added storage. Laundry is on same level as bedrooms. The lower level includes a bonus room & an extra deep tandem garage w/plenty of storage space. Outside, enjoy a fenced Trex deck & paver patio area. Front landscaping is maintained by the HOA. Community has low HOA dues.

2571 NW 1ST DR, Gresham

$379,995

3 Beds ⋅ 2 Baths ⋅ 362719198 MLS

The Pine floor plan by D.R. Horton is a 2-story townhome with 3 bedrooms plus a large loft, 2.5 bathrooms, and an attached garage. Walking in you’ll be welcomed by a charming great room that includes the dining room and kitchen. A fireplace keeps the great room cozy while you curl up for movie nights. The kitchen offers plenty of space and amenities to create your favorite meals. It sports solid quartz countertops, shaker-style cabinets, stainless-steel appliances, and a pantry for added storage. The primary bedroom is spacious and features a walk-in closet, en suite bathroom with a walk-in shower, and an extra linen closet. The laundry room is upstairs for added convenience. If you have any questions. Receive a closing cost credit with use of builder’s preferred lender, reach out for more details. Terrace at Pleasant Valley offers easy access to nature and nearby shopping. With proximity to the highway and nearby hiking trails, it’s the perfect location for commuters and outdoor enthusiasts. Photos are representative of plan only and finishes may vary as built. Come visit Terrace at Pleasant Valley and claim your Pine today!

3559 SW Hartley AVE, Gresham

$395,000

3 Beds ⋅ 2 Baths ⋅ 171318959 MLS

OFFER DEADLINE: 10/6 at 3pm. Opportunity awaits on this spacious .28-acre lot! This 3 bed, 2 bath ranch offers 1,244 sq ft of comfortable living space, plus an additional flex room perfect for a home office, hobby space, or extra storage. Generous living spaces and a functional layout create the perfect canvas to bring your vision to life and make this home your own. Outside you’ll find a complete chicken coop and run, playhouse, storage shed, established plum tree, and plenty of additional space for parking, projects, and more. Whether you're a buyer ready to put your own stamp on a home or an investor looking for your next project, there’s plenty of potential here. All of this just minutes from McMenamins Edgefield, Mt. Hood Community College, shopping, dining, and the gateway to the Columbia River Gorge. With room to make improvements and add value, this is your chance to create something special while building equity along the way! Open House. Sunday 10/4: 11-1 & 2-4pm.

3500 NE FRANCIS AVE, Gresham

$318,000

3 Beds ⋅ 2 Baths ⋅ 266230663 MLS

Welcome to this charming 3-bedroom home, that's been updated throughout! Recent improvements include a newer heating and A/C system, updated flooring, paint, new kitchen appliances and a brand-new fence. A covered front porch welcomes you home. Inside, the living space flows comfortably into the kitchen. Down the hallway, you'll find all three bedrooms tucked away for privacy. Head out back to a private, roomy yard that's just waiting for you! It's a blank canvas for whatever you dream up. No HOA.

946 SW JUNCTION PL, Gresham

$179,900

2 Beds ⋅ 1 Baths ⋅ 698551530 MLS

Welcome to this two-story, 2-bedroom, 1.5-bath condo that is a perfect blend of practicality and charm. The main level invites you in with an open, light-filled living and dining area that flows seamlessly to a private patio, extending your living space outdoors. The functional kitchen is designed to simplify your routine. Upstairs, the two spacious bedrooms provide excellent separation and privacy, making this an ideal layout for a home office, guests, or shared living. The rear bedroom is a true highlight, featuring a private patio with a stunning view overlooking the grounds. Enjoy the added benefits of designated parking and an unbeatable location close to everything you need. 1 YEAR PREPAID HOA DUES. OPEN HOUSE 9/27/26 1-3 PM.

1304 NE HOGAN DR, Gresham

$379,995

3 Beds ⋅ 2 Baths ⋅ 133648093 MLS

Welcome to the Vineyards at Blue Pearl! This beautifully planned community has all the amenities you would want! Multiple guest parking lots making entertaining breeze! Throw the ball with Fido in our beautiful dog park or enjoy strolling through the walking trails make your free time enjoyable! The end unit Glacier features 3 bedrooms, 2.5 bathrooms, plus a tech niche for even more flex space! An attached garage with full size driveway make coming home stress free. Past the entryway, the space opens into a seamless and sparkling great room that flows into the kitchen and dining area. Foodies will rejoice in the chef-inspired kitchen that features solid quartz countertops, a spacious pantry, an island, and stainless-steel appliances. The upstairs has a lovely tech niche for added space, and a laundry room for added convenience. The spacious primary bedroom features a spacious walk-in closet. The second and third bedroom are located by the secondary bathroom, giving you the option to create a home gym or an at-home office space. Receive closing cost credit with use of builder’s preferred lender, reach out for more details. Photos are representative of plan only and finishes may vary as built. The community offers serene living in Gresham, with convenient access to the highway. Discover nearby shopping centers and scenic parks, providing the perfect balance of beautiful views and outdoor adventure. Come visit The Vineyards at Blue Pearl and claim your Glacier today!

6203 SE 15th ST, Gresham

$220,000

2 Beds ⋅ 2 Baths ⋅ 604509591 MLS

Well maintained move in ready ground-level 1079 sq ft 2 bd 2 ba condo in secured gated community. Condo has new interior paint, appliances, covered patio with a private storage closet, dedicated covered parking space, 1-car garage plus additional separate detached storage unit. HOA dues include pool, fitness center, cover water, sewer, garbage and exterior maintenance. Pet-friendly. Located near shopping, restaurants, public transportation.

4768 W POWELL BLVD Unit ##122, Gresham

$330,000

2 Beds ⋅ 1 Baths ⋅ 238902847 MLS

This darling move-in ready home lives so much larger than its square footage suggests with a rocking-chair-ready covered front porch, airy enclosed sun patio out back, and sprawling fenced backyard rich with happy memories, past and future — gardening, barbecue parties, how about laser tag??? Vibrant landscaping thrives in every direction, furthering the private, nestled, urban-oasis atmosphere: plum trees, grape arbor, thoughtfully placed native flora, raised beds, and a vaulted canopy of mature, very healthy Doug Firs. Quiet, low-traffic street. The full-length primary driveway leads to the attached garage, and a second driveway offers level, gated storage for your RV, boat, Sprinter van, tiny home trailer… Recent big maintenance in the past five years includes: new roof, gutters, sewer line, water line, water heater, washer, dryer, shower, and fresh paint inside and out. This exceptional opportunity won’t last long. Come see it now and experience it for yourself!

21637 SE ASH ST, Gresham

$155,000

3 Beds ⋅ 2 Baths ⋅ 275680179 MLS

Welcome home to this well-appointed 1,568 sq ft manufactured home in Gresham's desirable Whisper Creek community. Built in 1993, this thoughtfully laid-out home offers 3 bedrooms plus a versatile bonus office/den — perfect for remote work, a hobby space, or a guest room. With 2 full bathrooms, there's plenty of room for family and visitors alike.Recent updates include fresh flooring throughout and a newly updated patio, ideal for morning coffee or evening gatherings outdoors. The open layout provides comfortable living and dining spaces filled with natural light, and the generous square footage gives you room to spread out.Located in the established Whisper Creek community, residents enjoy a quiet, convenient setting close to shopping, parks, and easy access to the greater Portland metro area — with Mt. Hood National Forest just a scenic drive away.Don't miss this move-in-ready opportunity in one of Gresham's sought-after manufactured home communities!

1819 SE ORIENT DR Unit #41, Gresham

$299,900

3 Beds ⋅ 2 Baths ⋅ 124966856 MLS

Ground-Level Living Backed by Outstanding Community Amenities! Beautifully maintained condo offering 3 beds/2 baths, comfortable one-level living with minimal steps. Features newer LVT flooring, newer interior paint, upgraded light fixtures, great closet/storage space throughout and natural light. Welcoming living room anchored by a cozy gas fireplace & a glass slider that opens to a covered patio with beamed ceilings. The kitchen boasts granite countertops, appliances including dishwasher, range, microwave & refrigerator, pantry, breakfast bar and a dining area. Convenient laundry closet with washer/dryer. The spacious primary suite offers excellent walk-in-closet space, a ceiling fan and a marble-topped vanity with walk-in shower. The other two bedrooms are generously sized with one having a mirror closet. Enjoy year-round comfort with central A/C, gas forced-air furnace & brand new gas water heater. The attached 1-car garage provides valuable additional storage with shelving, cabinets and a safe, plus an additional driveway parking space. The condo complex also features a newer roof. One of the standout benefits is everything included with the HOA! HOA dues cover water, sewer, garbage, common areas, landscaping/grounds maintenance, exterior maintenance, insurance, management, clubhouse, swimming pool, hot tub, gym/weight room and more—giving you exceptional value and a low-maintenance lifestyle. Residents also enjoy a playground, recreation facilities and a community setting backing to protected wetlands & natural trails. Conveniently located near shopping, schools, restaurants & everyday amenities. Easy access to Gresham's extensive network of parks & trails. Ground-floor, single-level living, an attached garage, abundant storage, resort-style HOA amenities and a convenient Gresham location—this is low-maintenance living with a lot to love!

4520 SW 11TH ST, Gresham

$375,000

3 Beds ⋅ 2 Baths ⋅ 505274501 MLS

Fantastic townhome conveniently located near all of the excellent amenities of the downtown Gresham area! The open main level features Acacia wood floors, abundant natural light, recessed lighting, and a welcoming living room with a cozy fireplace and oversized windows. The updated kitchen is the heart of the home, showcasing white cabinetry, stainless steel appliances, a gas range, and a large added island with seating—perfect for everyday meals, entertaining, and gathering with friends. Upstairs, the comfortable bedrooms feature ceiling fans, while the inviting primary suite offers a stylish decorative accent wall that adds character and a designer touch. A well-designed layout provides excellent separation of living and private spaces, with a convenient office nook upstairs for added flexibility. Outside, enjoy a low-maintenance backyard with added turf, creating an easy-care space for relaxing or entertaining. 1-car attached garage wired for an EV charger. Ideally located close to Downtown Gresham, shopping, dining, parks, the amazing new library, transit, and everyday amenities, this move-in-ready home combines modern comfort, thoughtful updates, functionality, and convenience. A great opportunity to enjoy a newer home with a well-designed layout and stylish touches!

805 NW VICTORIA AVE, Gresham

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