First Time Buyer 2+ Bedroom Condos for Sale in Portland, OR Under $700K
There are 3 condos for sale in Portland, OR, with 2 to 3 bedrooms, 2 to 3 bathrooms, and 1,134 to 1,930 square feet of living space. Displayed asking prices range from $655,000 to $699,900, and build years from 1910 to 2021. The largest, at 416 Northwest 13th Avenue Unit 206, offers 3 bedrooms and 1,930 square feet for $699,900.
The Pearl District anchors the area, a former rail yard turned walkable grid of brick lofts and galleries near the Portland Streetcar. Northwest 23rd Avenue runs through the Northwest District a few blocks away, and the trails of Forest Park begin a short drive uphill to the west. Across the Willamette River, Sellwood offers a quieter, tree-lined feel with Sellwood Riverfront Park and the shops along SE 13th Avenue.
Downtown Portland is a few minutes by car or MAX light rail, and the streetcar links the Pearl to the Northwest District. OHSU on Marquam Hill is a short drive south of downtown for healthcare commuters. Riverfront paths on both banks of the Willamette give residents daily access to the water without a long drive.
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Buying in Portland
The questions buyers ask us most about this collection.
How does the Pearl District differ from Sellwood for a first-time buyer?
The Pearl District is a dense, walkable neighborhood of converted warehouses, restaurants and galleries with easy access to the streetcar and downtown. Sellwood sits across the Willamette River and feels more residential, with older tree-lined streets and a small-town shopping strip on SE 13th Avenue. Buyers who want nightlife within walking distance usually prefer the Pearl, while those who want quiet streets and a neighborhood park often choose Sellwood.
How do commutes work from Northwest Portland?
Many residents in Northwest Portland rely on the Portland Streetcar, which connects the Pearl District with the Northwest District and the Lloyd District. MAX light rail is a short walk or bus ride from most of these neighborhoods and runs toward downtown and the eastside. Commuters heading south to the OHSU campus on Marquam Hill can usually reach it by car in a short drive.
What should a buyer check in an older Portland condo building?
Ask for the HOA budget, the most recent reserve study, and any notes on seismic upgrades, since many converted historic buildings have had retrofits. Review what the HOA dues cover, including utilities, insurance and exterior maintenance. Confirm how parking and storage are assigned, because these details vary from building to building.
Is the Pearl District walkable for daily errands?
Yes, the Pearl District is one of the more walkable parts of Portland, with grocery stores, cafes, restaurants and shops within a short stroll of most residences. Many residents run daily errands on foot or by streetcar and only drive for longer trips. Buyers who plan to rely less on a car should compare each building's distance to the streetcar stops.
How close is Forest Park to the Northwest District?
Forest Park lies just west of the Northwest District, and its trails are reachable by a short drive or bus ride up the hillside. Many hikers use the park for weekend runs and walks without traveling far from home. Buyers who want regular trail access should check the route from their specific building to the park entrance.
Is living near the Willamette River a good fit for city condo buyers?
Living near the Willamette gives residents access to riverfront paths on both banks for walking, running and biking. The Sellwood and Pearl areas both offer river access, though the surrounding streets feel different. Buyers should look at each building's exposure and view as well as its distance to the water when comparing options.