SOUTH PORTLAND Homes under $500,000

Welcome to South Portland, a vibrant neighborhood nestled in the heart of Multnomah County, Oregon. Known for its welcoming atmosphere and rich community spirit, South Portland offers a unique blend of urban convenience and natural beauty. This charming area is characterized by its tree-lined streets, stunning views of the Willamette River, and easy access to some of Portland's most beloved parks and recreational spaces.

South Portland is an ideal location for families, young professionals, and retirees alike, thanks to its diverse range of amenities and activities. Residents enjoy proximity to local shops, delicious dining options, and a thriving arts scene. The neighborhood boasts excellent public transportation, making it easy to explore all that Portland has to offer, from the bustling downtown to the serene waterfront.

For those seeking their dream home without breaking the bank, South Portland has a fantastic selection of properties priced under $500,000. Whether you're looking for a cozy bungalow, a modern townhouse, or a charming condo, this neighborhood has something for everyone. These homes often feature inviting outdoor spaces, open floor plans, and easy access to local parks, providing the perfect setting for relaxation and entertainment.

With its friendly community, beautiful surroundings, and affordable housing options, South Portland is truly a hidden gem in the Portland area. Come discover the charm of this delightful neighborhood and find the perfect home that fits your lifestyle!

Newest SOUTH PORTLAND Homes under $500,000

$474,900

5 Beds ⋅ 2 Baths ⋅ 591548893 MLS ⋅ ACTIVE Status

Location, location, location - first time buyers, investors and house hackers take note! This turnkey 5-bedroom Victorian in a high demand area has a documented rental history consistently generating over 3k per month. Excellent proximity to both PSU and OHSU campuses entices a large pool of renters and increases rental value - not to mention presenting opportunities for mid-term rentals. Large common areas like the spacious living room and updated kitchen with quartz countertops and newer stainless steel appliances make this charming Victorian a perfect fit for group living. First time buyers will appreciate the value and close-in location! Other perks include two updated bathrooms on the main and an in-unit laundry room, plus an extremely low-maintenance yard and an impressive history of maintenance, repairs and updates including but not limited to: a new sewer line in 2023, new furnace 2023, much of siding replaced with hardiplank, partial roof replacement 2020, upgraded electrical service, newer flooring and more. All just a short walk from PSU, OHSU and attractive local amenities like the PSU farmer’s market and the Duniway Park track, with inspiring city views, a Mt Hood view from the primary, excellent public transit (Transit Score 87) and a desirable school district. Come tour your next great investment! [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10010174]

653 SW SHERMAN ST, Portland

Courtesy of Think Real Estate

$499,900

2 Beds ⋅ 2 Baths ⋅ 689556139 MLS ⋅ ACTIVE Status

and new in South Portland with a main level bedroom and full bath, plus a rare fenced yard with lawn and covered patio, this thoughtfully designed 3 bedroom, 3 full bathroom home offers flexibility on both levels. Outdoor space like this is increasingly difficult to find in Portland new construction, giving you a true backyard setting with room to relax, garden or entertain. Step inside to an open kitchen, dining and living area with direct access to the covered patio and private yard. The kitchen pairs painted shaker cabinetry with slab counters, a full height backsplash, stainless steel appliances, and black fixtures, while detailed millwork and wainscoting add character throughout the main living spaces. The main level bedroom creates useful separation for guests, work from home or flexible daily living, with a full bath nearby. Upstairs, the primary bedroom features a coffered ceiling with crown molding and private bath, joined by a second bedroom, full hall bath and laundry area. The covered patio extends the living space for year round outdoor enjoyment, while the lawn and fenced yard offer a level of private outdoor usability rarely found in comparable new construction homes. A 2-10 Builder Warranty is included at closing for added peace of mind, while minisplit heating and cooling add everyday comfort. Unlike many other new construction homes, this property is not a condo and has no HoA. Upon final recording of the land division, ownership will include the underlying lot with no additional monthly association dues. Enjoy an amenity rich Portland location near Fulton Park, Willamette Park and the Willamette Greenway Trail, with John's Landing dining, coffee and everyday shopping nearby plus convenient access to the Sellwood Bridge, OHSU, Barbur Blvd, I-5 and downtown Portland. Rare private outdoor space, flexible living and thoughtful new construction come together in a home that stands apart.

7260 SW 1st AVE, Portland

Courtesy of Keller Williams Realty Portland Premiere

$279,000

2 Beds ⋅ 2 Baths ⋅ 638569291 MLS ⋅ ACTIVE Status

Urban Convenience Meets Comfortable SW Portland Living! Exceptional SW Portland Living with TWO Parking Spaces & Great Walkability! Thoughtfully designed with 2 beds/2 baths, separate living, dining & utility spaces for comfortable living and privacy. The inviting living room features a gas fireplace and slider opening to a private balcony, while the formal dining room provides an ideal space for entertaining. The galley kitchen offers a dishwasher, range, refrigerator, ample cabinetry and generous counter space, with an adjoining laundry room including washer & dryer. Newer LVP flooring extends through the kitchen, dining, living & bathrooms. Spacious two bedrooms include a private suite with walk-in-closet and an ensuite bath, creating a comfortable retreat. Enjoy central air, gas forced-air heating & HOA-covered hot water, internet & cable. Rare TWO assigned parking spaces—one secure covered space & one uncovered space—plus an additional private storage locker. Secured entry, secured mailroom, secured storage & elevator add peace of mind and ease of living. With a Walk Score of 76, enjoy an easy stroll or bike ride to coffee shops, restaurants, bars, shopping, downtown, John's Landing, South Waterfront, Willamette Park, OHSU & the Portland Aerial Tram, plus the Willamette River. Easy access to I-5/I-405 makes commuting a breeze. A fantastic opportunity to enjoy low-maintenance living in one of Portland's most convenient locations!

4320 S CORBETT AVE Unit #114, Portland

Courtesy of Keller Williams Realty Professionals

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