2+ Bedroom First Time Buyer Homes 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.
Buyers looking east of the Willamette River often start with Mount Tabor Park, an extinct volcano rising about 600 feet above Southeast Portland, with reservoirs and paved loops for walking. Nearby Lents and Montavilla have older bungalows and ranch houses on tree-lined blocks, while Parkrose and Maywood Park sit near Columbia Slough and Portland International Airport.
The Springwater Corridor Trail, a paved path along a former railway, runs through Southeast Portland and links neighborhoods to the Willamette River and downtown by bike. Interstate 205 and Interstate 84 offer quick routes to the airport and the Columbia River Gorge. Portland Public Schools and the Parkrose School District serve these neighborhoods, depending on the address.
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 common starting points for first time buyers?
Lents, Montavilla and Parkrose are common starting points for first-time buyers in Portland, and most of the housing there is older houses rather than new construction. Montavilla sits closer to Mount Tabor Park, while Parkrose is nearer the airport and Columbia Slough. Confirm school boundaries for each address before you commit.
Is it easy to find a house with a fenced yard in east Portland?
Many east side Portland neighborhoods have houses with back yards on standard city lots, so yards are more common here than in the dense inner core. Fences vary in age and condition, so check where the fence line sits against the survey. If you have pets or young children, confirm the fence fully encloses the lot.
How long is the commute from east Portland to downtown?
Commute times depend on the route and the time of day, and peak traffic on Interstate 205 and Interstate 84 can add significant time. The Springwater Corridor Trail gives some east side residents a bike option for part of the trip. Test the drive at rush hour before you buy.
What should I check when buying an older Portland house?
Houses built before the 1950s often need updated wiring, plumbing and a sewer line inspection. Ask for a sewer scope and review the electrical panel, since both affect insurance and renovation costs. Older homes in Portland can also show foundation settling, so have the foundation looked at during inspection.
How close are these neighborhoods to Mount Tabor Park?
Mount Tabor Park sits in Southeast Portland and is reachable on foot or by bike from Montavilla and nearby blocks. Its reservoirs and paved loops make it a common weekend stop for residents. Living close to the park makes daily walks and runs much easier.
Which school district serves homes in these Portland neighborhoods?
Parts of Portland are served by the Parkrose School District, while other areas are served by Portland Public Schools. The district boundary depends on the exact street address. Check the district map or call the school office before you decide.