2+ Bedroom Homes with Fenced Yards for Sale in Portland, OR Under $500K

There are 11 single family homes for sale in Portland, OR, with 2 to 5 bedrooms, 1 to 3 bathrooms, and 960 to 3,246 square feet of living space. Displayed asking prices range from $438,000 to $489,000, and build years from 1906 to 2008. The largest, at 4507 Southeast 70th Avenue, offers 4 bedrooms and 3,246 square feet for $485,000.

Portland's neighborhoods east of the Willamette River offer mature trees and established streets. Mount Tabor, a dormant volcano crowned by a city park and reservoirs, anchors the Southeast hills, while Multnomah Village sits along Capitol Highway in Southwest with a walkable row of shops and restaurants. Out in the Gateway district, Gateway Green and the nearby I-205 corridor give residents easy access to the eastern suburbs.

Most daily errands stay close, and a 15 to 25 minute drive on I-84 or I-205 reaches downtown Portland, depending on traffic. Portland International Airport sits a short drive from Gateway. Residents use the Springwater Corridor Trail, a paved path running east from Southeast Portland, and students attend Portland Public Schools.

11 homes · starting from

$438,000

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Good to know

Buying in Portland

The questions buyers ask us most about this collection.

Are fenced backyards common in Portland neighborhoods?

Fenced backyards are common across many of Portland's residential neighborhoods, especially on Southeast and East Portland lots. Fencing varies block by block, so confirm the fence's condition and location during your inspection. A fenced yard is a practical feature for pets and children.

How long is the commute from Portland's east side to downtown?

Drive times depend on traffic, but a trip from Gateway or Southeast neighborhoods to downtown usually takes 15 to 25 minutes by car on I-84 or I-205. TriMet buses and MAX light rail also serve these areas. Commuters should test the route at rush hour before buying.

Is a two-bedroom home a good first purchase in Portland?

Two-bedroom homes often suit couples, small families, and buyers who want a spare room for an office. They tend to be easier to maintain than larger houses. First-time buyers should weigh the size against their plans for growing households.

What should buyers check in older Portland homes?

Many Portland homes were built in the early twentieth century, so buyers should look closely at the sewer line, roof, and electrical panel. Older sewer laterals are a frequent concern in established neighborhoods. A thorough inspection and a sewer scope are worth the cost.

Which school district serves these Portland neighborhoods?

Portland Public Schools serves the city, but school boundaries vary by address. Buyers should confirm school assignments with the district before choosing a neighborhood. Checking boundaries early avoids surprises after closing.

What is Mount Tabor known for?

Mount Tabor Park sits on an extinct volcano in Southeast Portland and offers hiking paths, open lawns, and reservoirs. It is a popular spot for weekend walks and outdoor time. Living near the park appeals to buyers who want green space close to home.