3+ Bedroom First Time Buyer Condos for Sale in Portland, OR Under $400K
There are 12 condos for sale in Portland, OR, with 3 to 4 bedrooms, 2 to 3 bathrooms, and 1,075 to 1,859 square feet of living space. Displayed asking prices range from $350,000 to $379,900. The largest, at 8265 Southwest Canyon Lane, offers 3 bedrooms and 1,859 square feet for $369,900.
Kenton sits in North Portland along North Denver Avenue, close to Kenton Park. St. Johns sits at the foot of the St. Johns Bridge on the Willamette River, with Cathedral Park and a walkable main street on North Lombard. Montavilla runs along Southeast Stark Street with Montavilla Park and the Academy Theater. Multnomah Village gathers shops and restaurants along Southwest Capitol Highway, a short walk from Gabriel Park.
Downtown Portland is a short drive from each neighborhood, and the MAX Yellow Line runs along Interstate Avenue near Kenton. Interstate 5 and Interstate 205 give quick routes across the metro and to Portland International Airport. Forest Park, one of the largest urban forests in the United States, is reachable by road from St. Johns and Northwest Portland.
Homes in this collection
13 homes
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Buying in Portland
The questions buyers ask us most about this collection.
What is the difference between Kenton and St. Johns for condo buyers?
Kenton is a residential area in North Portland anchored by Kenton Park and a small business strip along North Denver Avenue. St. Johns is closer to the river and the St. Johns Bridge, and its North Lombard main street gives it a village feel. Both are quieter than the central core, so buyers often compare them on walkability and commute.
How do I get from Montavilla to downtown Portland?
Montavilla sits on the east side of Portland, so most residents reach downtown by car or bus along Southeast Stark Street and East Burnside. Interstate 205 is also close for trips across the metro. Buyers who commute should test the route at rush hour before making an offer.
What should a first time buyer check before buying a Portland condo?
Review the HOA budget, reserve study, and bylaws, since these shape monthly costs and future repairs. Ask whether the building allows rentals and how the association handles exterior maintenance. A home inspection and a look at the roof, siding, and shared systems are also worth the time.
Is Multnomah Village a good neighborhood for living without a car?
Multnomah Village has a walkable village core along Southwest Capitol Highway with restaurants, shops, and community events. Gabriel Park sits close by for recreation. Bus service along Capitol Highway connects the area to other parts of the city, though many residents still drive for longer trips.
How close is Forest Park to the St. Johns and Northwest Portland area?
Forest Park is one of the largest urban forests in the United States, and it is reachable by road from St. Johns and Northwest Portland. Trails there suit walkers, runners, and anyone who wants nature without leaving the city. Buyers who value access to the forest often prioritize this part of North Portland.
Why do first time buyers look at condos near downtown Portland?
Condos near the central core typically cost less to maintain than detached houses, and they keep buyers close to jobs, transit, and nightlife. Neighborhoods like Kenton and Montavilla offer a lower entry point than the downtown core while staying connected by road and transit. Buyers often weigh these tradeoffs against lot size and privacy.