Homes for sale under $400k in Gresham, OR

95 homes

Sort:

Price (high to low)

ABOUT THIS HOME
Homes for sale under $400k in Gresham, OR
Discover the perfect blend of comfort, versatility, and business potential. Zoned for mixed-use and multifamily, this updated property offers rare live-work flexibility—ideal for entrepreneurs, hobbyists, or anyone seeking space to both live and create. The charming 2-bedroom, 1-bath home is move-in ready, featuring bright open living and dining areas with new LVP flooring, fresh paint, updated lighting, vinyl windows, and new trim and doors throughout. The full bath has been beautifully updated with new tile, vanity, and fixtures, while the new energy-efficient ductless system provides year-round comfort. A detached garage/shop, connected by a covered breezeway/patio, includes three

$400,000

2 beds2 baths719 sq ft

18149 SE Pine St, Portland, OR 97233

Flex room • Spray booth • Detached garage

Jennifer Weitzel • Better Homes & Gardens Realty

ABOUT THIS HOME
Homes for sale under $400k in Gresham, OR
Discover the potential of this nearly 1/2 acre lot, perfectly positioned for growth and development. Located near downtown Gresham, this property offers easy access to transit and local amenities, making it an ideal spot for future residents. With Highway 26 nearby, enjoy a quick trip up the Mountain, along with a straightforward 10-minute jaunt to I-84 for a convenient trip to downtown Portland or up the gorge. Zoned MDR-24, the City of Gresham indicates that 8-10 units could be developed on this site, presenting a fantastic opportunity for a Middle Housing project. The flat parcel, complete with utilities in place, ensures a smoother build-out process. The existing brick residence offers

$399,999

2 beds1 bath1,075 sq ft

450 SE Hogan Rd, Gresham, OR 97080

Zoned mdr-24 • 1/2 acre lot • Utilities in place

Brett Bodine • John L. Scott Sandy

ABOUT THIS HOME
Homes for sale under $400k in Gresham, OR
Welcome home to this inviting one-level retreat tucked away in a peaceful neighborhood. The large, fully fenced backyard offers plenty of room for gardening, entertaining, or simply relaxing outdoors. Inside, natural light fills the living spaces where solid hardwood floors add warmth and character. The updated kitchen with modern finishes and appliances makes mealtime a breeze, while three versatile bedrooms provide space for guests, hobbies, or a home office. With thoughtful touches throughout and a location close to parks, shopping, and everyday conveniences, this home is ready to be enjoyed for years to come.

$399,900

3 beds1 bath869 sq ft

2475 NE Spruce Ave, Gresham, OR 97030

Natural light • Updated kitchen • 6,969 sq ft lot

Kyle Conway • Move Real Estate Inc

READY TO BUILD

$399,900

3 beds2.5 baths1,686 sq ft

Oliver Plan, Gresham, OR 97080

Open floorplan • Shared living area • Versatile bonus room

Listing provided by Zillow

NEW CONSTRUCTION

ABOUT THIS HOME
Homes for sale under $400k in Gresham, OR
The Oliver plan features a three-story layout with an open kitchen and great room on the main floor, three bedrooms including the primary suite upstairs, and a pop loft on the top level. Interior highlights include quartz countertops, LVP flooring, home also includes air conditioning, a refrigerator, washer and dryer, and blinds—all at no extra cost! Located on homesite 43, this home is estimated to be complete in December of 2025! Rendering is artist conception only. Photos are of a similar home, features and finishes will vary. * Below-market rate incentives available when financing with preferred lender. *

$399,900

3 beds3 baths1,686 sq ft

4021 SW Mckinley St, Gresham, OR 97080

$75 HOA • Garage • Built 2025

Debbie Gale • Lennar Sales Corp

Property at 2237 SE 189th Ave, Portland, OR 97233, 3 beds, 1 bath

$399,000

3 beds1 bath864 sq ft

2237 SE 189th Ave, Portland, OR 97233

Ellen Bick • CORE, Realtors

Property at 18705 NE Everett Ct, Portland, OR 97230, 3 beds, 1 bath

$398,000

3 beds1 bath864 sq ft

18705 NE Everett Ct, Portland, OR 97230

Chris Caffee • Barnes Portland

Property at 21 NE 5th St, Gresham, OR 97030, 3 beds, 2 baths

$395,000

3 beds2 baths1,634 sq ft

21 NE 5th St, Gresham, OR 97030

Timothy Manickam • Fathom Realty Oregon, LLC

Property at 2240 SE 16th St, Gresham, OR 97080, 3 beds, 3 baths

$395,000

3 beds3 baths1,296 sq ft

2240 SE 16th St, Gresham, OR 97080

Robert Lucas • Real Broker

Property at Woodbridge Plan, Gresham, OR 97080, 3 beds, 2.5 baths

$390,995

3 beds2.5 baths1,413 sq ft

Woodbridge Plan, Gresham, OR 97080

Listing provided by Zillow

Property at 3506 SW Hartley Ave, Gresham, OR 97080, 3 beds, 3 baths

$390,995

3 beds3 baths1,413 sq ft

3506 SW Hartley Ave, Gresham, OR 97080

Heather Quirke • D. R. Horton, Inc Portland

Property at 120 NW Giese Ave, Gresham, OR 97030, 3 beds, 2 baths

$390,000

3 beds2 baths1,304 sq ft

120 NW Giese Ave, Gresham, OR 97030

Fred Montgomery • RE/MAX Equity Group

Property at 16817 SE Pine St, Portland, OR 97233, 3 beds, 1 bath

$390,000

3 beds1 bath1,020 sq ft

16817 SE Pine St, Portland, OR 97233

Thom Butts • RE/MAX Northwest