Most Affordable Homes for Sale in Portland, OR Right Now
Last updated: October 24, 2026
Portland has a median home sale price of $500K, a 3.8% decrease from last year. Homes stay on the market for an average of 70 days and receive an average of 3 offers.
About this home
Been dreaming of a quiet retreat on the water? Just you and the Columbia river musing together while the sun sets? Welcome to this outer slip at Island Cove! Park the boat in front of the house and come and go from the river with ultimate ease, no neighbors in front of you! This is a rare and unique opportunity - buyer has the option to restore the floating home to marina standards or remove the home and bring in their own marina approved floating home. The house is a 2 bed/2 bath 1147 sq. ft. fixer that needs repair. Floats(foundation), roof, interior all need attention. Perfect opportunity to create the space you want right on the river. Island Cove is a quiet, gated community on the Columbia river that comes with dedicated and secured parking. Lotus Isle Park is right next to the marina, and Hayden Island and all of North Portland is within quick reach. Come create the space to your liking and find yourself rested on the water; to watch the holiday ships roll past, the cormorants and pelicans nest and hunt, and drift in the gentle rhythm of this amazing waterfront community. Internal photos available upon request.
About this home
Imagine having your own floating home on the Multnomah Channel, perfect for year-round living or as a family retreat. This floating home offers great scenic views, a private entry and easy access. It features two bedrooms, one bathroom, a den/second bedroom, vaulted timber beam ceilings, a fireplace, and gas heating. Tankless hot water heater, front deck. $1,400 a month covers rent, garbage, water, sewer, and electricity. It's a relaxing, private, secluded space with parking only 50 feet from my front door, offering beautiful scenic views of the river and mountains, along with daily bird visits. This home has a lot of nice character, and pets are allowed. The entrance is just off Hwy 30, featuring a private gate with code access. Proceed down to the parking area for this slip D. See private remarks for more information and showing instructions.
About this home
Imagine having your own floating home on the Multnomah Channel, perfect for year-round living or as a family retreat. This floating home offers great scenic views, a private entry and easy access. It features two bedrooms, one bathroom, a den/second bedroom, vaulted timber beam ceilings, a fireplace, and gas heating. Tankless hot water heater, front deck. $1,400 a month covers rent, garbage, water, sewer, and electricity. It's a relaxing, private, secluded space with parking only 50 feet from my front door, offering beautiful scenic views of the river and mountains, along with daily bird visits. This home has a lot of nice character, and pets are allowed. The entrance is just off Hwy 30, featuring a private gate with code access. Proceed down to the parking area for this slip D. See private remarks for more information and showing instructions.
About this home
Experience the beauty of Multnomah Channel living in this charming 1-bedroom, 1-bath floating home with boatwell at Skyline Moorage, surrounded by incredible Pacific Northwest scenery and wildlife while still just a quick trip down Highway 30 to Portland. One of the home's amazing features is the rooftop deck offering incredible 360° views of the Multnomah Channel and surrounding natural scenery, the perfect place to relax, entertain, watch sunsets, or take in the abundant wildlife. Enjoy frequent sightings of bald eagles, osprey, owls, sea lions, and seasonal salmon runs. Directly across the channel on Sauvie Island, land owned by the U. S. Army Corps of Engineers helps preserve the beautiful, unobstructed setting. Inside, a Daikin mini-split provides efficient heating and cooling on the main level, with additional upstairs cooling and supplemental heaters. The home is also available furnished, offering an excellent turnkey opportunity. A major bonus is the private boatwell with an existing boat lift, making it easy to enjoy everything the river has to offer. The seller's approximately 18' 1995 Century boat and trailer may also be available, and Skyline offers access to an on-site private boat launch right across from the floating home combo. The home utilizes a multi-stage river-water filtration system for bathing, dishwashing, and household use, with bottled water currently used for drinking and cooking. Moorage amenities include sewer, garbage and recycling, communal dock maintenance, designated parking, and optional boat-trailer parking. Whether you're looking for a full-time home or waterfront getaway, this is a unique opportunity to enjoy boating, wildlife, 360° views, and floating life directly on the Multnomah Channel without giving up convenient access to Portland.
About this home
This condo style offers 1 bedroom and 1 bathroom with approximately 769 square feet of living space on a 0.01acre lot. The foreclosure deed has been recorded, allowing for shorter closing timelines. This is a cash or cash equivalent purchase only with no inspection or financing contingencies. No Buyer Premium on this property. It is a criminal offense to trespass on this property. The seller has closing representation in this transaction. The buyer has the right to select their own title/closing company or may use the sellers title company. The buyer is responsible for all closing costs in this transaction
About this home
Fire up the grill, tend your garden, and let the HOA handle the rest. This 1-bed condo at Hillside Terrace gives you easy, low-maintenance living in close-in NE Portland. Warm bamboo floors connect the living room, dining area, and kitchen, where granite counters, a dishwasher, and an eating area make meals simple. Laundry is a breeze with a washer and dryer in the unit. Outside, a deck, patio, garden space, and built-in barbecue invite you to slow down and enjoy the fresh air. The HOA covers water, sewer, trash, exterior maintenance, insurance, and management, so your budget stays predictable. Mt. Tabor Park, the Hollywood District, and I-84 are all minutes away. Schedule your private tour today.
About this home
Excellent upper-level 1-bedroom condo in the heart of St. Johns offering comfortable living with a convenient, walkable location. Hardwood floors run throughout the home, while the open-concept living and dining areas create an inviting space for everyday living and entertaining. The dining area features a ceiling fan, and the bathroom includes a bathtub with shower. The unit comes with a deeded parking space and private storage unit, adding valuable convenience. Enjoy high walk and bike scores with the heart of St. Johns less than half a mile away, offering movie theaters, restaurants, the farmers market, and more. Public transit is conveniently located at the corner of Lombard and Caitlin, while beautiful Cathedral Park and Pier Park are both less than a mile away. No rental cap adds valuable flexibility for future owners and investors.
About this home
Welcome to this inviting 3 bedroom, 1.5 bath townhouse in Milwaukie’s established Phillips Creek Place community. This thoughtfully designed two-level home offers approximately 1,050 sq ft with a comfortable and functional layout. The main level features a welcoming living and dining area with hardwood floors, a well appointed kitchen, and convenient half bath. Upstairs, find three bedrooms, a full bath, and newer hardwood flooring throughout the second level. Enjoy the convenience of forced air gas heating and a private outdoor porch/patio area. Located just minutes from parks, schools, shopping, dining, and all that Milwaukie and southeast Portland have to offer. A great opportunity for comfortable, low maintenance homeownership in a desirable location! Take advantage of large grants to make homeownership more affordable! This Proud Ground home offers lasting affordability with resale, owner-occupancy, and other guidelines to maintain value for future buyers. Apply to Proud Ground, Upload required documents to be considered and receive an invitation before submitting an offer. Buyers must work with a Proud Ground preferred lender. Don’t miss this incredible opportunity!
About this home
2BD/1BA condo in Gateway Arbors! Recently refreshed with brand-new flooring and fresh interior paint throughout. HOA's include Water, Sewer, Garbage, & Exterior Maintenance. No rental Cap and a Deeded Parking Space. Major exterior updates include new roof, new windows, and new siding, offering added value and peace of mind. Light-filled, great layout with spacious living area, dining space, and efficient kitchen with ample cabinetry. Two bedrooms ideal for primary suite + guest room. Well-maintained with easy access to I-84, shopping, dining, and nearby Gateway Transit Center. Excellent opportunity for owner-occupants or investors!
About this home
This thoughtfully renovated condo building delivers a classic vibe with updated features, Featuring Quartz countertops with new cabinetry, large windows, LVP flooring, and a in-unit washer/dryer, creating a space that feels both inviting and easy to live in. This 1 bedroom was well designed to maximize every square foot, offering flexibility for working, relaxing, entertaining, or creative pursuits. Situated in the heart of Southeast Portland, in the vibrant Laurelhurst / Sunnyside neighborhood, just steps from the organic energy of Belmont and Hawthorne; find a mix of local cafés, restaurants, and everyday essentials. Enjoy nearby favorites like the iconic Movie Madness and the historic Hawthorne Theatre, placing you right in the middle of Portland’s creative and cultural scene. With a Walk Score of 94 and a Bike Score of 100, the condo is in one of the city’s most connected neighborhoods (right on the bus line and one mile from the MAX), making it easy to get wherever you need without a car. The building features a bike room. When it’s time to get outside, Mt. Tabor and Laurelhurst Parks are just a short distance away, offering scenic trails that are perfect for a quick walk, weekend unwind, or taking in some of the city’s best views. If you’ve been considering renting an apartment, this is your chance to step into ownership at an approachable price point and start building equity instead of paying rent. Effortlessly livable and full of character, this studio is a compelling opportunity to own in one of Southeast Portland’s most vibrant neighborhoods.
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