Gresham Homes under $500,000

Welcome to Gresham, Oregon – a vibrant city nestled in the heart of Multnomah County, just east of Portland. Known for its stunning natural beauty, Gresham offers a unique blend of suburban charm and easy access to urban amenities. With its picturesque parks, scenic walking trails, and a welcoming community vibe, Gresham is the perfect place to call home for families, young professionals, and retirees alike.

One of the most appealing aspects of Gresham is its affordability, especially for those seeking homes under $500,000. The real estate market here boasts a variety of options, from cozy single-family homes to modern townhouses, making it an ideal choice for first-time buyers or anyone looking to downsize without sacrificing quality of life. With a diverse selection of properties, you can find a home that fits your style and budget.

Gresham's neighborhoods are characterized by tree-lined streets and a strong sense of community. Residents enjoy easy access to top-rated schools, local shops, and delightful dining options that cater to every palate. Plus, with convenient public transportation and proximity to major highways, commuting to downtown Portland or exploring the stunning landscapes of the Columbia River Gorge is a breeze.

Whether you’re drawn to Gresham for its affordability or its friendly atmosphere, this charming city offers a perfect blend of comfort, convenience, and community spirit. Explore the possibilities of finding your dream home in Gresham, where your ideal lifestyle awaits!

Newest Gresham Homes under $500,000

$433,990

3 Beds ⋅ 2 Baths ⋅ 778936513 MLS ⋅ ACTIVE Status

Elevated living in a brand new Townhome by nationally recognized builder at Powell Crest in E. Gresham: gateway to Outdoor Recreation. Builder REDUCED RATE INCENTIVES for a limited time. Experience thoughtfully designed living with an open-concept floor plan and lots of light. 9FT ceilings, hard-surface flooring throughout the main living areas, quartz kitchen countertops, oversized island with space for entertaining, and an inviting great room with an electric fireplace. Owner suite is a sanctuary to the day with walk in closet to put everything in its place. Energy-efficient construction, comfortable gas furnace for even ducted heat, and modern finishes provide everyday comfort and long-term value. Reduced rate incentives that make you ask "Why Rent? Own!"Sample photos from model home.

5868 SE 12th TER, Gresham

Courtesy of Weekley Homes LLC

$475,000

3 Beds ⋅ 2 Baths ⋅ 396414333 MLS ⋅ ACTIVE Status

Completely remodeled and move-in ready! This nearly 1,500 sq. ft. single-level home features 3 bedrooms, 2 full baths, stylish modern updates, and **no carpet anywhere** for easy, low-maintenance living. The comfortable one-level layout is a great fit for first-time buyers, downsizers, or anyone looking for a truly turnkey home. Conveniently located near shopping, dining, and everyday amenities. Beautifully updated, easy to maintain, and an incredible value—this one is a must-see!

1551 NE 20TH ST, Gresham

Courtesy of Keller Williams PDX Central

$150,000

1 Baths ⋅ 290436707 MLS ⋅ ACTIVE Status

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

Courtesy of Move Real Estate Inc

$372,000

2 Beds ⋅ 2 Baths ⋅ 443475866 MLS ⋅ ACTIVE Status

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

Courtesy of The Broker Network, LLC

$379,995

3 Beds ⋅ 2 Baths ⋅ 362719198 MLS ⋅ ACTIVE Status

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

Courtesy of D. R. Horton, Inc Portland

$429,000

3 Beds ⋅ 2 Baths ⋅ 770859977 MLS ⋅ ACTIVE Status

Bring your vision to this 3-bedroom, 2-bath fixer in a quiet, established neighborhood near schools. Situated on a large lot, this property offers an excellent opportunity for buyers looking to renovate and create a home tailored to their style. With a functional layout and plenty of potential, this home is ready for someone with vision to bring it back to life. Great opportunity for an investor, contractor, or owner-occupant!

3738 SW 16TH CT, Gresham

Courtesy of Keller Williams Capital City

$395,000

3 Beds ⋅ 2 Baths ⋅ 171318959 MLS ⋅ ACTIVE Status

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!

3500 NE FRANCIS AVE, Gresham

Courtesy of Works Real Estate

$409,995

3 Beds ⋅ 2 Baths ⋅ 662199763 MLS ⋅ ACTIVE Status

Model home for sale 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!

6006 SE 15th ST, Gresham

Courtesy of D. R. Horton, Inc Portland

$318,000

3 Beds ⋅ 2 Baths ⋅ 266230663 MLS ⋅ ACTIVE Status

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

Courtesy of RE/MAX Advantage Group

$470,000

3 Beds ⋅ 2 Baths ⋅ 742383377 MLS ⋅ ACTIVE Status

This one level home in SE Gresham is move in ready with many expensive updates since 2011. NEW lap siding in approx. 2011, NEW roof installed approximately 2014/2015, NEW AC/FURNACE and WATER HEATER in the last couple years, NEW DUCTING in attic and crawl space, vapor barier and insulation in the crawlspace in the last 2 years. Updated kitchen with quartz counters, stainless steel appliances including a double oven, refrigerator and gas cook top, soft close drawers and island with eat in bar. Laminate flooring throughout. Tile bathroom floors. Custom blackout blinds in main bedroom. Enjoy your own little oasis in the fenced in back yard with tranquil water feature, covered stamped concrete patio with sun shades for privacy and sun. Beautiful mature landscaping with plenty of roses to enjoy.

3244 SE 24TH TER, Gresham

Courtesy of Turn Key Realty Group LLC

$409,000

3 Beds ⋅ 2 Baths ⋅ 488051552 MLS ⋅ ACTIVE Status

One-level living that feels bigger than you’d expect! This 3-bedroom, 2-bath home features an open, functional floor plan with great flow between the kitchen, dining and living spaces. Outside, you'll find fresh exterior paint, a newer roof and a fully fenced backyard with plenty of room to enjoy. Attached one-car garage plus all kitchen appliances, washer and dryer included. Move-in ready and waiting for its next owner! AHS home warranty included! Open House 10/3, 1-3

2319 NW STANLEY AVE, Gresham

Courtesy of Knipe Realty ERA Powered

$500,000

498005800 MLS ⋅ ACTIVE Status

The three-bedroom Duplex unit currently sits vacant, allowing for immediate move-in of an owner-occupant or the opportunity for an investor to lease up the unit at market rent. For tenants or an owner-occupant who want light rail access into Portland, the MAX Blue Line’s Cleveland Avenue station is a short drive away, and historic downtown Gresham — with its shops, restaurants, and Main City Park, is within walking distance. Spacious fenced backyards for each unit allow for quiet outdoor enjoyment for current and prospective tenants. Situated in a quiet, established residential pocket of Gresham, the property offers an easy pace of daily living without sacrificing connectivity. SE Palmquist Road provides quick access to both US- 26/Powell Boulevard and SE Hogan Road. An excellent duplex opportunity for an owner-occupier or investor!

3321 SE 12th, Gresham

Courtesy of Vitality Home Realty

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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.