PARKROSE HEIGHTS Homes under $500,000

Welcome to Parkrose Heights, a charming neighborhood nestled in the vibrant heart of Portland, Oregon. This hidden gem in Multnomah County offers a delightful blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and anyone looking to embrace the Portland lifestyle.

One of the most appealing aspects of Parkrose Heights is its affordability, with homes available under $500,000. This makes it an attractive option for first-time homebuyers and those seeking a budget-friendly investment in the ever-growing Portland real estate market. The neighborhood features a diverse array of homes, from cozy single-family residences to modern townhouses, ensuring there's something for everyone.

Residents of Parkrose Heights enjoy easy access to a variety of amenities, including parks, schools, and shopping centers. The nearby Parkrose High School and multiple elementary schools provide excellent educational opportunities for families. Nature enthusiasts will appreciate the proximity to parks like the serene Parkrose Park, which offers walking trails, picnic areas, and playgrounds for children.

Convenience is at your doorstep, with quick access to major highways and public transportation options, making commutes to downtown Portland a breeze. The neighborhood is also known for its friendly community atmosphere, where neighbors come together for local events and gatherings, fostering a sense of belonging.

In Parkrose Heights, you’ll find not just a house, but a place to call home. Embrace the opportunity to own a piece of this wonderful neighborhood without breaking the bank! Come explore the possibilities that await you in Parkrose Heights, where comfort meets community.

Newest PARKROSE HEIGHTS Homes under $500,000

$349,900

3 Beds ⋅ 1 Baths ⋅ 794956743 MLS ⋅ ACTIVE Status

OFFER DEADLINE TUESDAY AT 5pm Welcome to this charming and move-in-ready 3-bedroom, 1-bath ranch-style home in Parkgrove Heights. Cute, clean, and well maintained, this home offers comfortable one-level living with a practical layout. New carpeting in the living room and all three bedrooms creates a fresh, cozy feel, while easy-care laminate flooring extends through the kitchen and dining room.A sliding glass door off the dining room leads directly to the patio, making it easy to enjoy outdoor dining, summer barbecues, or quiet mornings outside. The large, fully fenced backyard provides plenty of room for pets, play, gardening, and entertaining. A convenient tool shed offers additional storage for lawn equipment, bicycles, and outdoor supplies.Recent mechanical updates provide added peace of mind, including a newer furnace and central air-conditioning system installed in 2023, plus a hot water heater replaced in 2020. Whether you are a first-time buyer or looking to downsize, this delightful Parkgrove Heights ranch is ready to welcome you home!

10722 NE THOMPSON ST, Portland

Courtesy of RE/MAX Equity Group

$369,000

2 Beds ⋅ 1 Baths ⋅ 262338378 MLS ⋅ ACTIVE Status

Welcome to this adorable mid-century ranch in NE Portland, where classic charm meets thoughtful modern updates. This inviting home lives larger than it appears and offers a comfortable, functional layout with plenty of character.The kitchen features granite countertops and stainless steel appliances, while the bathroom has been beautifully updated. New flooring (Jan 2026) throughout adds a fresh, modern touch, and all windows were replaced in 2025, bringing improved efficiency and comfort to the home. French doors open to a spacious, private backyard that is truly made for entertaining, gardening, relaxing, and enjoying Portland’s beautiful seasons. The backyard greenhouse has been replaced and offers a wonderful opportunity for gardening, growing herbs and vegetables, or creating your own backyard retreat. The front yard also features established fig and apple trees, adding both beauty and a little something special to the landscape. Don't forget about the adorable little library adding that community vibe for all. The garage offers an added bonus with a versatile flex space currently set up as a game and lounge area—a fun, comfortable spot to unwind, play games, watch a movie, or simply relax. This flexible space could easily be adapted to suit your needs, whether you envision a hobby area, home gym, office, or additional entertaining space.Comfort is covered with A/C and a furnace installed in 2021, plus a smart thermostat for convenient control of your home’s temperature.Located near shopping, transit, restaurants, parks, and everyday conveniences, this home puts you in a great NE Portland location with a 81 walk score & 91 bike score. You’ll also be just blocks from Gateway Discovery Park and a short distance to Glendoveer Golf Course. With its combination of mid-century appeal, meaningful updates, private outdoor space, and convenient location, this is a home you really need to see in person to appreciate how much it has to offer.

1838 NE 113TH AVE, Portland

Courtesy of Premiere Property Group, LLC

$285,000

2 Beds ⋅ 1 Baths ⋅ 282586016 MLS ⋅ ACTIVE Status

Investor Special! Bring your vision to this 2-bedroom, 1-bath home situated on a generously sized lot in NE Portland. Ready for updates and repairs, this property offers an excellent opportunity for renovation, restoration, or long-term investment. Conveniently located near shopping, dining, parks, public transportation, and major commuter routes. Property is being sold As-Is. Buyer to perform all due diligence regarding condition, zoning, and permitted uses. Cash or renovation financing may be preferred.

1808 NE 114TH PL, Portland

Courtesy of Coldwell Banker Professional

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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.