2+ Bedroom Affordable Condos for Sale in Portland, OR Under $550K
There are 12 condos for sale in Portland, OR, with 2 to 3 bedrooms, 1 to 4 bathrooms, and 913 to 1,905 square feet of living space. Displayed asking prices range from $475,000 to $549,000, and build years from 1905 to 2025. The largest, at 7290 Southwest 13th Drive, offers 3 bedrooms and 1,905 square feet for $507,500.
These condos sit in three Portland neighborhoods that reward walking. The Pearl District, northwest of downtown, was built on former rail yards and is known for its galleries, shops and streetcar line. Lair Hill rises above the Willamette just south of downtown, close to the Tilikum Crossing bridge. Kerns, east of the river along NE 28th Avenue, has a restaurant row and a quieter residential grid.
Most buyers here are within a short bike ride of the Eastbank Esplanade and the South Waterfront trails. Downtown is a few miles away, and MAX light rail and the streetcar link the central city. Forest Park, one of the largest urban forests in the country, lies in the northwest hills and gives residents trail access without a long drive.
Homes in this collection
12 homes
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Buying in Portland
The questions buyers ask us most about this collection.
Which Portland neighborhoods are these condos in?
Homes in this set sit in areas such as the Pearl District, Lair Hill and Kerns. The Pearl District is known for its walkable streets, galleries and shops. Lair Hill feels quieter and sits closer to South Waterfront. Kerns offers a mix of older houses and newer buildings around NE 28th Avenue.
Is the Pearl District a good area for first-time buyers?
Pearl District condos tend to attract buyers who want a car-light lifestyle close to downtown. Monthly HOA dues and building amenities vary, so review the association budget before you make an offer. Ask whether parking and storage are deeded, since they are not always included.
How long is the commute from Portland's central condos to downtown?
Most of these neighborhoods sit within a short walk, bike ride or streetcar trip of the downtown core. Commutes to the west side or the suburbs depend more on which bridge you cross and the time of day. Drive the route at rush hour before you decide.
What should I check when buying a condo in Portland?
Read the HOA covenants, reserve study and recent meeting minutes to understand future assessments. Confirm parking and storage rights, and ask about pet and rental policies. A home energy score report, when available, helps you estimate heating and cooling costs.
Are older Portland condos a good choice for buyers?
Some homes in this area are newer buildings and others are older renovated houses, so age affects layout and maintenance more than price. Newer buildings often have modern systems and efficient windows. Older homes can offer character and high ceilings, but inspect the foundation, wiring and plumbing carefully.
Which Portland areas are near the river and trails?
The Willamette River runs along the edge of downtown, South Waterfront and Lair Hill. The Eastbank Esplanade offers a paved route for walking and biking on both sides. Forest Park provides large forest trails in the northwest hills.