Portland Southeast Homes under $400,000

Welcome to Southeast Portland, a vibrant and eclectic neighborhood nestled in the heart of Multnomah County, Oregon. Known for its unique blend of urban charm and natural beauty, Southeast Portland offers a diverse range of experiences, making it a sought-after location for homebuyers looking for value without sacrificing lifestyle.

This area is characterized by its tree-lined streets, historic homes, and a strong sense of community. From the bustling food carts to the serene parks, Southeast Portland is a haven for those who appreciate both culture and nature. Residents enjoy easy access to local boutiques, breweries, and art galleries, as well as an array of outdoor activities in nearby parks like Laurelhurst Park and Mount Tabor.

For homebuyers seeking affordability, Southeast Portland is a treasure trove of options under $400,000. Here, you can find charming bungalows, cozy condos, and even some hidden gems that offer the perfect blend of comfort and character. These homes often feature original woodwork, spacious yards, and modern updates, making them ideal for first-time buyers, families, or anyone looking to invest in a growing neighborhood.

With its strong community spirit, excellent schools, and convenient public transportation options, Southeast Portland is not just a place to live; it’s a lifestyle choice. Whether you’re drawn to the vibrant arts scene or the lush green spaces, this region offers a unique opportunity to own a piece of Portland without breaking the bank. Embrace the charm of Southeast Portland and discover your dream home today!

Newest Portland Southeast Homes under $400,000

$350,000

2 Beds ⋅ 1 Baths ⋅ 771036594 MLS

There’s something especially appealing about having a home that feels completely your own—without taking on more space or upkeep than you need. This completely detached cottage brings plenty of light, personality, and independence to a lively pocket of SE Portland, with coffee, parks, restaurants, shops, and everyday essentials close at hand.Life settles into an easy rhythm here. Start the morning at your table with coffee as sunlight streams through the big windows. When the weather turns, curl up by the fireplace and let the day slow down. The open kitchen keeps you connected to the rest of the living space, whether you’re making a quiet dinner for yourself or catching up with friends while you cook.Quartz counters, stainless steel appliances, and generous storage make it equally ready for a quiet dinner at home or friends arriving at the door.Then slide open the glass doors and take the living outside. A private patio and low-maintenance yard give you just the right amount of room for a BBQ, outdoor table, a few pots, and maybe some herbs or tomatoes when spring rolls around. It’s outdoor space you’ll actually use, without turning Saturday into a yard-work marathon.Upstairs, two bedrooms create a comfortable retreat from the main living level. Make the second bedroom whatever you need it to be—a guest room, office, workout space, or creative studio. With laundry nearby and thoughtful storage throughout, the everyday stuff stays simple and within reach.And then there’s the neighborhood. Mt. Scott Park and Community Center are just a few blocks away, putting green space, recreation, and a community pool close to home. Head to Woodstock for groceries, coffee, dinner, drinks, and neighborhood shops. Reed College and Woodstock Park are nearby, too, giving you plenty of reasons to get outside and explore this corner of SE Portland.Artisan at Ramona delivers the independence of a detached home in a manageable footprint. [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10245172]

6491 SE Ramona ST Unit #B, Portland

$400,000

3 Beds ⋅ 1 Baths ⋅ 273770636 MLS

VALUE IN THE LAND! Excellent opportunity on a spacious 9,000 SF corner lot in close-in SE Portland, just blocks south of the vibrant Foster-Powell (FOPO) neighborhood. The large corner lot offers intriguing possibilities for redevelopment, new construction, or a substantial renovation of the existing home. Convenient location near shopping, restaurants, parks, transit, and the many amenities along the Foster corridor, with easy access to downtown Portland and major commuter routes. Existing home is a significant fixer and will not qualify for conventional financing. Bring your builder, contractor, or vision and explore the potential this well-located property has to offer. Buyer to perform due diligence regarding development possibilities and permitted uses.

5230 SE 67TH AVE, Portland

$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

$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 out the 3D tour and floor plan.

6000 SE 128TH AVE, 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

$399,000

3 Beds ⋅ 2 Baths ⋅ 336803720 MLS

Charming remodel in move-in ready condition, includes the following features: Updated Kitchen with new stainless-steel appliances, quartz countertops, soft close cabinets/drawers, and new flooring. Two updated full bathrooms. Upgraded electrical service and panel, new gas furnace and AC, new double pane vinyl windows, new interior and exterior paint, newer roof, newer gutters, driveway parking, carport in rear of home. .33 acre lot! All appliances including washer and dryer. Convenient to shopping, schools, and restaurants.

4918 SE 128TH AVE, Portland

$99,000

3 Beds ⋅ 2 Baths ⋅ 788594155 MLS

Enjoy room to spread out and a comfortable home base in Meadowcrest’s 55+ community, conveniently located below Powell Butte Park. This 1,404-square-foot home offers three bedrooms and two bathrooms, with flexibility for overnight guests, a home office, or a dedicated hobby space. Start your morning with coffee on the Trex deck, make time for nearby outdoor recreation, and return home to year-round comfort.Thoughtful updates include a new heat pump and replacement ductwork in 2023, a Trex deck added in 2023, and fresh interior paint in 2026. A roof update in 2018, several windows updated that same year, and a water heater replaced in 2020 add practical value. Clean and move-in ready, this home lets you settle in and focus on the routines and activities you enjoy. Park management application to be approved.

3930 SE 162ND AVE Unit #42, Portland

$349,995

3 Beds ⋅ 1 Baths ⋅ 328859789 MLS

Great opportunity to build instant sweat equity! This clean 3-bedroom, 1-bath Portland home is ready for its next chapter. Priced at $349,995 and offering plenty of potential for updating and personalization. Bring your vision and transform this property into a charming home of your own or explore its investment potential. An excellent opportunity for a buyer looking for value and willing to put in some work. Conveniently located with easy access to shopping, dining, schools and major routes.

3545 SE 74TH AVE, Portland

$389,900

4 Beds ⋅ 2 Baths ⋅ 147196150 MLS

Move-in-ready stand-alone condo in a quiet, well-established community. Features 4 bedrooms plus office, 2.5 baths, garage, open living area with wood laminate floors and gas fireplace, 9' ceilings, vaulted primary bedroom, and a fully equipped kitchen with new stainless steel appliances, pantry, and eating nook. Includes A/C, a new fenced yard, and extra space off the kitchen for gatherings. Just minutes from Safeway and nearby shopping.

12332 SE HOLGATE BLVD, Portland

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