MULTNOMAH VILLAGE Homes under $500,000

MULTNOMAH VILLAGE Homes under $500,000

Welcome to Multnomah Village, a charming gem nestled in the heart of Portland, Oregon, within Multnomah County. This vibrant neighborhood is known for its unique blend of small-town charm and urban convenience, making it an ideal place for families, professionals, and retirees alike. With tree-lined streets, quaint shops, and cozy cafes, Multnomah Village exudes a warm, welcoming atmosphere that invites residents to explore and enjoy the local community.

One of the standout features of Multnomah Village is its accessibility to nature. The nearby Gabriel Park offers expansive green spaces, walking trails, and playgrounds, perfect for outdoor enthusiasts and families looking to enjoy the fresh air. Plus, with the Willamette River just a short drive away, you’ll have endless opportunities for kayaking, biking, and leisurely strolls along the waterfront.

For those seeking a home in this delightful neighborhood, you’ll be pleased to find that there are properties available for under $500,000. These homes offer an excellent opportunity to invest in a vibrant community without breaking the bank. From charming bungalows to modern townhouses, there’s something for everyone in Multnomah Village.

With its strong sense of community, excellent schools, and a plethora of local amenities, Multnomah Village is not just a place to live; it’s a place to thrive. Don’t miss your chance to become part of this enchanting neighborhood where your dream home awaits!

Newest MULTNOMAH VILLAGE Homes under $500,000

7572 SW 31st AVE, Portland
$414,900
2 Beds ⋅ 2 Baths ⋅ 257993024 MLS ⋅ ACTIVE Status
Phenomenal location meets fresh new construction with this thoughtfully designed 2 bedroom, 2½ bathroom condo offering 955 square feet and coveted end unit positioning just outside the heart of Multnomah Village. Step inside to a bright, efficient floor plan that makes excellent use of every inch, with an open main level connecting the kitchen, dining area, and living room for easy everyday living and entertaining. The kitchen offers a clean, modern feel with plenty of workspace and storage, while a slider off the living room opens to a private patio for morning coffee, grilling, or relaxing at the end of the day. A convenient powder room completes the main floor. Upstairs, the vaulted primary suite includes a private bathroom, while the second bedroom and additional full bathroom offer flexibility for guests, a home office, or everyday living. Upstairs laundry keeps chores close to the bedrooms, and energy efficient mini splits provide year round heating and cooling. An exceptional 83 Walk Score puts daily conveniences within easy reach, with Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom's Books, Grand Central Bakery, and the locally owned shops, dining, and services of Multnomah Village all nearby. Grab coffee, meet friends for a bite, browse neighborhood shops, or enjoy the Village without making every outing a drive. The end unit location provides added separation from neighboring homes, while the street facing position gives the property a distinct presence within this newly built community. 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. List price is for buyers eligible for Portland Housing Bureau's System Development Charge Exemption (SDC), an initiative promoting affordable housing across the City of Portland.

7572 SW 31st AVE, Portland

Courtesy of Keller Williams Realty Portland Premiere

7564 SW 31st AVE, Portland
$399,900
2 Beds ⋅ 2 Baths ⋅ 763991489 MLS ⋅ ACTIVE Status
Phenomenal location meets fresh new construction with this thoughtfully designed 2 bedroom, 2½ bathroom condo offering 970 square feet just outside the heart of Multnomah Village. Step inside to a bright, efficient floor plan that makes excellent use of every inch, with an open main level connecting the kitchen, dining area, and living room for easy everyday living and entertaining. The kitchen offers a clean, modern feel with plenty of workspace and storage, while a slider off the living room opens to a private patio for morning coffee, grilling, or relaxing at the end of the day. A convenient powder room completes the main floor. Upstairs, the primary suite includes a private bathroom, while the second bedroom and additional full bathroom offer flexibility for guests, a home office, or everyday living. Upstairs laundry keeps chores close to the bedrooms, and energy efficient mini splits provide year round heating and cooling. An exceptional 83 Walk Score puts daily conveniences within easy reach, with Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom's Books, Grand Central Bakery, and the locally owned shops, dining, and services of Multnomah Village all nearby. Grab coffee, meet friends for a bite, browse neighborhood shops, or enjoy the Village without making every outing a drive. Thoughtfully positioned within this newly built community, this interior unit offers the same elevated design and efficient layout in a more value conscious price point. 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. List price is for buyers eligible for Portland Housing Bureau's System Development Charge Exemption (SDC), an initiative promoting affordable housing across the City of Portland.

7564 SW 31st AVE, Portland

Courtesy of Keller Williams Realty Portland Premiere

7585 SW Capitol HWY, Portland
$389,900
2 Beds ⋅ 2 Baths ⋅ 145504173 MLS ⋅ ACTIVE Status
Phenomenal location meets fresh new construction with this thoughtfully designed 2 bedroom, 2½ bathroom condo offering 970 square feet just outside the heart of Multnomah Village. Step inside to a bright, efficient floor plan that makes excellent use of every inch, with an open main level connecting the kitchen, dining area, and living room for easy everyday living and entertaining. The kitchen offers a clean, modern feel with plenty of workspace and storage, while a slider off the living room opens to a private patio for morning coffee, grilling, or relaxing at the end of the day. A convenient powder room completes the main floor. Upstairs, the primary suite includes a private bathroom, while the second bedroom and additional full bathroom offer flexibility for guests, a home office, or everyday living. Upstairs laundry keeps chores close to the bedrooms, and energy efficient mini splits provide year round heating and cooling. An exceptional 83 Walk Score puts daily conveniences within easy reach, with Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom's Books, Grand Central Bakery, and the locally owned shops, dining, and services of Multnomah Village all nearby. Grab coffee, meet friends for a bite, browse neighborhood shops, or enjoy the Village without making every outing a drive. Thoughtfully positioned within this newly built community, this interior unit offers the same elevated design and efficient layout in a more value conscious price point. 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. List price is for buyers eligible for Portland Housing Bureau's System Development Charge Exemption (SDC), an initiative promoting affordable housing across the City of Portland.

7585 SW Capitol HWY, Portland

Courtesy of Keller Williams Realty Portland Premiere

7581 SW Capitol HWY, Portland
$409,900
2 Beds ⋅ 2 Baths ⋅ 155670444 MLS ⋅ ACTIVE Status
Phenomenal location meets fresh new construction with this thoughtfully designed 2 bedroom, 2½ bathroom condo offering 959 square feet and coveted end unit positioning just outside the heart of Multnomah Village. Step inside to a bright, efficient floor plan that makes excellent use of every inch, with an open main level connecting the kitchen, dining area, and living room for easy everyday living and entertaining. The kitchen offers a clean, modern feel with plenty of workspace and storage, while a slider off the living room opens to a private patio for morning coffee, grilling, or relaxing at the end of the day. A convenient powder room completes the main floor. Upstairs, the vaulted primary suite includes a private bathroom, while the second bedroom and additional full bathroom offer flexibility for guests, a home office, or everyday living. Upstairs laundry keeps chores close to the bedrooms, and energy efficient mini splits provide year round heating and cooling. An exceptional 83 Walk Score puts daily conveniences within easy reach, with Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom's Books, Grand Central Bakery, and the locally owned shops, dining, and services of Multnomah Village all nearby. Grab coffee, meet friends for a bite, browse neighborhood shops, or enjoy the Village without making every outing a drive. The end unit location provides added separation from neighboring homes, while the street facing position gives the property a distinct presence within this newly built community. 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. List price is for buyers eligible for Portland Housing Bureau's System Development Charge Exemption (SDC), an initiative promoting affordable housing across the City of Portland.

7581 SW Capitol HWY, Portland

Courtesy of Keller Williams Realty Portland Premiere

7560 SW 31st AVE, Portland
$419,900
2 Beds ⋅ 2 Baths ⋅ 475714282 MLS ⋅ ACTIVE Status
Phenomenal location meets fresh new construction with this thoughtfully designed 2 bedroom, 2½ bathroom condo offering 955 square feet and coveted end unit positioning just outside the heart of Multnomah Village. Step inside to a bright, efficient floor plan that makes excellent use of every inch, with an open main level connecting the kitchen, dining area, and living room for easy everyday living and entertaining. The kitchen offers a clean, modern feel with plenty of workspace and storage, while a slider off the living room opens to a private patio for morning coffee, grilling, or relaxing at the end of the day. A convenient powder room completes the main floor. Upstairs, the vaulted primary suite includes a private bathroom, while the second bedroom and additional full bathroom offer flexibility for guests, a home office, or everyday living. Upstairs laundry keeps chores close to the bedrooms, and energy efficient mini splits provide year round heating and cooling. An exceptional 83 Walk Score puts daily conveniences within easy reach, with Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom's Books, Grand Central Bakery, and the locally owned shops, dining, and services of Multnomah Village all nearby. Grab coffee, meet friends for a bite, browse neighborhood shops, or enjoy the Village without making every outing a drive. The end unit location provides added separation from neighboring homes, while the street facing position gives the property a distinct presence within this newly built community. 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. List price is for buyers eligible for Portland Housing Bureau's System Development Charge Exemption (SDC), an initiative promoting affordable housing across the City of Portland.

7560 SW 31st AVE, Portland

Courtesy of Keller Williams Realty Portland Premiere

7515 SW CAPITOL HWY, Portland
$460,000
3 Beds ⋅ 3 Baths ⋅ 428556282 MLS ⋅ ACTIVE Status
*OPEN SUN, 9/27 from 11-1PM!* Outstanding $25K price reduction! Thoughtfully updated and filled with natural light, this inviting townhome offers a flexible floor plan and an ideal location just moments from the heart of Multnomah Village! The welcoming main level is designed for effortless everyday living, featuring newly installed wood floors, a gas fireplace, and an open concept living and dining area that flows seamlessly into the beautifully renovated kitchen. Complete with stainless steel appliances, an eating island, new countertops & backsplash, abundant cabinetry, and generous prep space, the kitchen is as functional as it is stylish. Upstairs, dual primary suites each feature vaulted ceilings and private ensuite bathrooms, creating comfortable retreats with exceptional privacy. The lower level provides a versatile third bedroom with direct access to a private patio, making it an ideal guest suite, home office, or workout space. Recent updates include a new gas furnace & air conditioning system (2025), carpet (2026), interior paint, tiled fireplace surround and light fixtures. An attached garage with additional storage adds everyday convenience. Set within an intimate, homeowner managed community of just eight residences, the HOA maintains the exterior, driveway, and common areas, with fresh exterior paint scheduled for 2027. Ideally positioned just minutes from Multnomah Village, Hillsdale Shopping Center, and Gabriel Park, you'll enjoy easy access to neighborhood boutiques, popular restaurants, parks, farmers markets, First Friday celebrations, live music, and countless community events. This is low maintenance living in one of Southwest Portland's most special neighborhoods.

7515 SW CAPITOL HWY, Portland

Courtesy of Windermere Realty Trust

7937 SW 40TH AVE Unit #I, Portland
$179,950
1 Beds ⋅ 1 Baths ⋅ 379344760 MLS ⋅ ACTIVE Status
Own in Multnomah Village for under $200,000! This bright, move-in-ready 1-bedroom condo offers an exciting opportunity to own in one of Portland’s most charming and walkable neighborhoods, just blocks from the shops, restaurants, coffee, and community of Multnomah Village, with Gabriel Park nearby.Fresh paint and new carpet throughout make this 712 square foot home feel fresh, bright, and welcoming. The smart, open floor plan lives larger than expected, with abundant natural light and plenty of thoughtful storage. The well appointed kitchen features wine storage, an eat-in bar, and a great connection to the living space. Sliding glass doors open to a covered porch that’s perfect for morning coffee, entertaining, or enjoying your own outdoor space year-round. Even better, the porch includes a walk-in storage closet, a rare and incredibly useful bonus for condo living.The generous bedroom features a walk-in closet with custom organizers, while the updated bathroom offers a stylish new vanity. A coat closet and laundry closet are conveniently located at the entry, keeping everyday essentials neatly tucked away. Your deeded parking space is located directly in front of the unit for maximum convenience.And the HOA delivers serious value, covering water, sewer, trash, and exterior maintenance, while also giving you access to the community pool and hot tub. Spend less time worrying about exterior upkeep and more time enjoying everything Multnomah Village has to offer.Under $200K, a prime Multnomah Village location, deeded parking, private outdoor space, pool + hot tub, and major utilities included in the HOA—this is an opportunity to own in one of Portland’s most desirable neighborhoods without the price tag you might expect. Come see why this condo is such a great way to make Multnomah Village your home!

7937 SW 40TH AVE Unit #I, Portland

Courtesy of Windermere Realty Trust

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