Upper Columbia/Blue Lake Homes under $500,000

Welcome to the charming neighborhood of Upper Columbia/Blue Lake, nestled in the vibrant city of Portland, Oregon. This delightful area, located in Multnomah County, offers a unique blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and anyone seeking a welcoming community atmosphere.

Upper Columbia/Blue Lake is known for its lush green spaces and proximity to the beautiful Blue Lake Regional Park, where residents can enjoy a variety of outdoor activities such as hiking, biking, and picnicking. The park's serene lake provides a perfect backdrop for summer days spent swimming or kayaking, while the surrounding trails invite exploration throughout the seasons. The neighborhood's commitment to green living is evident in its well-maintained parks and community gardens, fostering a sense of connection among neighbors.

One of the standout features of Upper Columbia/Blue Lake is its diverse range of homes available for under $500,000. This affordability makes it an attractive option for first-time homebuyers and those looking to invest in a growing community. From charming single-family homes to cozy townhouses, there’s something for everyone in this delightful enclave. Many properties boast modern amenities, spacious yards, and easy access to local schools and shopping centers, ensuring that convenience and comfort are always at your fingertips.

With its picturesque setting, strong sense of community, and accessible housing options, Upper Columbia/Blue Lake is not just a place to live—it's a place to thrive. Come and discover the charm of this hidden gem in Portland today!

Newest Upper Columbia/Blue Lake Homes under $500,000

$469,000

2 Beds ⋅ 1 Baths ⋅ 331088657 MLS ⋅ ACTIVE Status

Experience the charm of this custom built floating home, designed for comfort and style. Built in 2006 with steel stringer float, this 2-bedroom, 1.5 bath home features a 432 sq. ft. boat well with a built-in lift, offering additional storage - an added bonus for floating home living. The spacious primary bedroom includes a walk-in closet and slider to 440 sq. ft. deck, which features a metal gazebo for year-round outdoor enjoyment. The en-suite bath offers a deep soaking tub and double sinks. A second non-conforming bedroom provides flexibility for a home office or bonus space. Living room has fireplace to stay warm in winter plus central AC keeping you cool on hot days! New 96% efficient Trane furnace & AC July 2025 with transferable warranty! Slip ownership with very low $415 monthly HOA dues covering water, sewer, garbage, commons, management, gated and paved parking lot, this is an affordable way to enjoy riverfront living! Float rated 5 in 2015. Located just moments from some of the best fishing and boating in the area with easy access to the beauty of the Columbia River Gorge Scenic Area this home offers a unique waterfront lifestyle. OPEN HOUSE 8/16 12:00-3:00pm!

18989 NE Marine DR Unit #44, Portland

Courtesy of Premiere Property Group, LLC

$414,400

2 Beds ⋅ 2 Baths ⋅ 570630543 MLS ⋅ ACTIVE Status

Own your slip with this floating home, and enjoy a float rated 3+ out of 5 April 2026, which qualifies for financing. Brand-new Trex decking surrounds the home. A mini- split provides efficient heating in winter and cooling in summer. Designed by the original owner, an architect, the home features an efficient floor plan with vaulted tongue-and-groove ceilings. The main level includes one bedroom and a bonus room for flexible use, while upstairs offers the primary suite and a spacious loft-style office. Islands Moorage offers wide spaces between the finger rows for easier nautical maneuvering, low HOA fees of $415 per month which include water, garbage and sewer service. Plus gated with ample parking in paved lot. Moor your boat to the home for easy access to cruising, fishing and water sports on the river. You have a country feel living but proximity to the Columbia River Gorge Scenic Area yet you’re just 14 miles from downtown Portland and about 15 minutes to the airport. Living on the river is like a vacation every day! OPEN HOUSE 8/16, 12:00-3:00!

18989 NE Marine DR Unit #15, Portland

Courtesy of Premiere Property Group, LLC

18989 NE Marine DR Unit #Slip 64, Portland

$339,999

2 Beds ⋅ 2 Baths ⋅ 549900492 MLS ⋅ ACTIVE Status

Float Rated 4 as of April 2026! This slip-owned home offers a unique opportunity to experience peaceful waterfront living. Featuring 2 bedrooms, 2 bathrooms, and just under 1,300 square feet, this home blends comfort, character, and convenience. Step through the front door and into living space filled with natural light from large windows. The living room is anchored by a cozy fireplace adding warmth and charm throughout. Just off the living area, back deck provides stunning views and a serene setting perfect for relaxing or entertaining. New deck October 2026! The main level also features an open flow between the kitchen and dining area, a conveniently located bedroom, and an easily accessible washer and dryer space. The downstairs bathroom includes a walk-in shower. Walk upstairs and you’ll find a spacious primary bedroom complete with its own private deck ideal for enjoying elevated views. Double sinks and thoughtfully crafted details make this space feel like a true retreat. Located close to the ramp for quick access to your car and surrounding areas, this home is also just minutes from Blue Lake Park, 10 minutes to downtown Troutdale, and less than 10 minutes to nearby shopping centers and grocery stores. HOA of $415 that includes water, garbage sewer, common areas and well maintained gated paved parking. Discover your dream home, ready to move in and start living on the river!

18989 NE Marine DR Unit #Slip 64, Portland

Courtesy of Premiere Property Group, LLC

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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.