Gresham Homes under $400,000

Welcome to Gresham, Oregon – a vibrant city nestled in Multnomah County, just a stone's throw from the bustling metropolis of Portland. Known for its stunning natural beauty, Gresham is surrounded by breathtaking mountains, lush parks, and scenic trails, making it a haven for outdoor enthusiasts and families alike. With a rich history and a warm, welcoming community, Gresham offers a unique blend of suburban charm and urban convenience.

One of the most appealing aspects of Gresham is its diverse housing market, particularly for those looking for homes under $400,000. This affordability opens the door for first-time homebuyers, young families, and anyone seeking a comfortable lifestyle without breaking the bank. Here, you can find a variety of properties, from cozy single-family homes to modern townhouses, all with easy access to local amenities, schools, and parks.

Gresham boasts a thriving local economy, with a range of shopping, dining, and entertainment options that cater to all tastes. Enjoy a leisurely stroll through the charming downtown area, where you can explore local boutiques and savor delicious meals at family-owned restaurants. Additionally, the city hosts numerous community events throughout the year, fostering a strong sense of belonging among residents.

Whether you are looking to settle down, invest in a rental property, or simply explore the area, Gresham, Oregon, offers an inviting community with affordable housing options and a lifestyle that embraces the great outdoors. Discover your dream home in this enchanting city today!

Newest Gresham Homes under $400,000

$329,900

2 Beds ⋅ 1 Baths ⋅ 471232675 MLS

Welcome to this charming & thoughtfully updated two-story townhome in Old Town Gresham, ideally positioned on a corner lot. With a unique garage-only connection to the neighboring home and no shared living walls, this property offers the convenience of a townhome with the privacy and feel of a detached home.The main level features a spacious kitchen and dining area with stylish tile flooring, creating a welcoming space for everyday living and entertaining. A sliding door opens to the private, fully fenced backyard, providing an inviting outdoor retreat and an easy extension of the living space. The living room features attractive laminate flooring, while a conveniently located half bath completes the main level. Upstairs, you'll find two bedrooms, including a spacious primary suite with its own full bathroom. Laminate flooring continues throughout the bedrooms and upstairs bathroom, offering a clean and cohesive look. Numerous updates add to the home's appeal and ease of ownership, including a new water heater, garbage disposal, garage door opener, stove, dishwasher, plus 2 new toilets. The home also features updated flooring, fresh exterior paint (9-26) with Sherwin-Williams Emerald Rain Refresh self-cleaning technology, and a brand-new roof (9-26) with premium Owens Corning True Definition Shingles plus six additional roof vents. Additional highlights include a one-car attached garage, private fenced yard an NO HOA fees. The combination of privacy, functional living space, outdoor space, and low-maintenance ownership makes this an especially appealing opportunity in Old Town Gresham. If you've been looking for the feel of a detached home without giving up the convenience of an attached garage, this one is worth a closer look!

109 NW 8TH ST, Gresham

$150,000

1 Baths ⋅ 290436707 MLS

Bring your builder and create your dream home in the desirable Persimmon Country Club community. This spacious, corner lot offers nearly half an acre at Deer Creek and SE 46th, providing plenty of room to bring your vision to life. Gas, power, water, and sewer are available for added convenience. Enjoy easy access to shopping, dining, entertainment, and the beautiful Persimmon Country Club. With a motivated seller and a sought after location, this is a great opportunity to build in an established neighborhood.

428 SE 46TH DR, Gresham

$372,000

2 Beds ⋅ 2 Baths ⋅ 443475866 MLS

Spacious 2BR/2BA townhome w/open, bright LR, Kit & separate dining on main level. The primary features a walk-in closet & a large bathroom w/walk-in shower. The 2nd BR offers a cubby for added storage. Laundry is on same level as bedrooms. The lower level includes a bonus room & an extra deep tandem garage w/plenty of storage space. Outside, enjoy a fenced Trex deck & paver patio area. Front landscaping is maintained by the HOA. Community has low HOA dues. Open House Sunday 10/11 12:00pm-2:00pm

2571 NW 1ST DR, Gresham

$379,995

3 Beds ⋅ 2 Baths ⋅ 362719198 MLS

The Pine floor plan by D.R. Horton is a 2-story townhome with 3 bedrooms plus a large loft, 2.5 bathrooms, and an attached garage. Walking in you’ll be welcomed by a charming great room that includes the dining room and kitchen. A fireplace keeps the great room cozy while you curl up for movie nights. The kitchen offers plenty of space and amenities to create your favorite meals. It sports solid quartz countertops, shaker-style cabinets, stainless-steel appliances, and a pantry for added storage. The primary bedroom is spacious and features a walk-in closet, en suite bathroom with a walk-in shower, and an extra linen closet. The laundry room is upstairs for added convenience. If you have any questions. Receive a closing cost credit with use of builder’s preferred lender, reach out for more details. Terrace at Pleasant Valley offers easy access to nature and nearby shopping. With proximity to the highway and nearby hiking trails, it’s the perfect location for commuters and outdoor enthusiasts. Photos are representative of plan only and finishes may vary as built. Come visit Terrace at Pleasant Valley and claim your Pine today!

3559 SW Hartley AVE, Gresham

$395,000

3 Beds ⋅ 2 Baths ⋅ 171318959 MLS

OFFER DEADLINE: 10/6 at 3pm. Opportunity awaits on this spacious .28-acre lot! This 3 bed, 2 bath ranch offers 1,244 sq ft of comfortable living space, plus an additional flex room perfect for a home office, hobby space, or extra storage. Generous living spaces and a functional layout create the perfect canvas to bring your vision to life and make this home your own. Outside you’ll find a complete chicken coop and run, playhouse, storage shed, established plum tree, and plenty of additional space for parking, projects, and more. Whether you're a buyer ready to put your own stamp on a home or an investor looking for your next project, there’s plenty of potential here. All of this just minutes from McMenamins Edgefield, Mt. Hood Community College, shopping, dining, and the gateway to the Columbia River Gorge. With room to make improvements and add value, this is your chance to create something special while building equity along the way! Open House. Sunday 10/4: 11-1 & 2-4pm.

3500 NE FRANCIS AVE, Gresham

$399,995

3 Beds ⋅ 2 Baths ⋅ 662199763 MLS

Model home for sale the Vineyards at Blue Pearl! This beautifully planned community has all the amenities you would want! Multiple guest parking lots making entertaining breeze! Throw the ball with Fido in our beautiful dog park or enjoy strolling through the walking trails make your free time enjoyable! The end unit Glacier features 3 bedrooms, 2.5 bathrooms, plus a tech niche for even more flex space! An attached garage with full size driveway make coming home stress free. Past the entryway, the space opens into a seamless and sparkling great room that flows into the kitchen and dining area. Foodies will rejoice in the chef-inspired kitchen that features solid quartz countertops, a spacious pantry, an island, and stainless-steel appliances. The upstairs has a lovely tech niche for added space, and a laundry room for added convenience. The spacious primary bedroom features a spacious walk-in closet. The second and third bedroom are located by the secondary bathroom, giving you the option to create a home gym or an at-home office space. Receive closing cost credit with use of builder’s preferred lender, reach out for more details. Photos are representative of plan only and finishes may vary as built. The community offers serene living in Gresham, with convenient access to the highway. Discover nearby shopping centers and scenic parks, providing the perfect balance of beautiful views and outdoor adventure. Come visit The Vineyards at Blue Pearl and claim your Glacier today!

6006 SE 15th ST, Gresham

$318,000

3 Beds ⋅ 2 Baths ⋅ 266230663 MLS

Welcome to this charming 3-bedroom home, that's been updated throughout! Recent improvements include a newer heating and A/C system, updated flooring, paint, new kitchen appliances and a brand-new fence. A covered front porch welcomes you home. Inside, the living space flows comfortably into the kitchen. Down the hallway, you'll find all three bedrooms tucked away for privacy. Head out back to a private, roomy yard that's just waiting for you! It's a blank canvas for whatever you dream up. No HOA.

946 SW JUNCTION PL, Gresham

$179,900

2 Beds ⋅ 1 Baths ⋅ 698551530 MLS

Welcome to this two-story, 2-bedroom, 1.5-bath condo that is a perfect blend of practicality and charm. The main level invites you in with an open, light-filled living and dining area that flows seamlessly to a private patio, extending your living space outdoors. The functional kitchen is designed to simplify your routine. Upstairs, the two spacious bedrooms provide excellent separation and privacy, making this an ideal layout for a home office, guests, or shared living. The rear bedroom is a true highlight, featuring a private patio with a stunning view overlooking the grounds. Enjoy the added benefits of designated parking and an unbeatable location close to everything you need. 1 YEAR PREPAID HOA DUES. OPEN HOUSE 9/27/26 1-3 PM.

1304 NE HOGAN DR, Gresham

$379,995

3 Beds ⋅ 2 Baths ⋅ 133648093 MLS

Welcome to the Vineyards at Blue Pearl! This beautifully planned community has all the amenities you would want! Multiple guest parking lots making entertaining breeze! Throw the ball with Fido in our beautiful dog park or enjoy strolling through the walking trails make your free time enjoyable! The end unit Glacier features 3 bedrooms, 2.5 bathrooms, plus a tech niche for even more flex space! An attached garage with full size driveway make coming home stress free. Past the entryway, the space opens into a seamless and sparkling great room that flows into the kitchen and dining area. Foodies will rejoice in the chef-inspired kitchen that features solid quartz countertops, a spacious pantry, an island, and stainless-steel appliances. The upstairs has a lovely tech niche for added space, and a laundry room for added convenience. The spacious primary bedroom features a spacious walk-in closet. The second and third bedroom are located by the secondary bathroom, giving you the option to create a home gym or an at-home office space. Receive closing cost credit with use of builder’s preferred lender, reach out for more details. Photos are representative of plan only and finishes may vary as built. The community offers serene living in Gresham, with convenient access to the highway. Discover nearby shopping centers and scenic parks, providing the perfect balance of beautiful views and outdoor adventure. Come visit The Vineyards at Blue Pearl and claim your Glacier today!

6203 SE 15th ST, Gresham

$220,000

2 Beds ⋅ 2 Baths ⋅ 604509591 MLS

Well maintained move in ready ground-level 1079 sq ft 2 bd 2 ba condo in secured gated community. Condo has new interior paint, appliances, covered patio with a private storage closet, dedicated covered parking space, 1-car garage plus additional separate detached storage unit. HOA dues include pool, fitness center, cover water, sewer, garbage and exterior maintenance. Pet-friendly. Located near shopping, restaurants, public transportation.

4768 W POWELL BLVD Unit ##122, Gresham

$399,995

3 Beds ⋅ 2 Baths ⋅ 143261839 MLS

End unit new construction townhome in Gresham! This 1,462 square foot Forest floor plan is a lovely two-story townhome with 3 bedrooms, 2.5 bathrooms, and an attached 2 car garage. Upon entering there is a great room with a fireplace that is connected to the dining room and a kitchen. There is extended flooring on the main, making this space perfect for hosting. Come together for mealtimes at the island with a breakfast bar. Match any decorating style with solid quartz countertops, shaker-style cabinets, and stainless-steel appliances, creating a dashing elegance. The primary bedroom boasts ample amount of space along with a spacious walk-in closet, double vanity sink, walk-in shower, and an extra linen closet. The second and third bedroom both have walk-in closets, making it a great location to store extra clothes. By appointment only. Receive a closing cost credit with use of builder’s preferred lender, reach out for more details. Photos are representative of plan only and finishes may vary as built. Come visit Terrace at Pleasant Valley and claim your Forest today! Terrace at Pleasant Valley is just minutes from the highway for easy access into the Portland metro area, and outstanding outdoor activities like Powell Butte and Happy Valley Nature Park.

3483 SW Hartley, Gresham

$149,000

3 Beds ⋅ 2 Baths ⋅ 275680179 MLS

Welcome home to this well-appointed 1,568 sq ft manufactured home in Gresham's desirable Whisper Creek community. Built in 1993, this thoughtfully laid-out home offers 3 bedrooms plus a versatile bonus office/den — perfect for remote work, a hobby space, or a guest room. With 2 full bathrooms, there's plenty of room for family and visitors alike.Recent updates include fresh flooring throughout and a newly updated patio, ideal for morning coffee or evening gatherings outdoors. The open layout provides comfortable living and dining spaces filled with natural light, and the generous square footage gives you room to spread out.Located in the established Whisper Creek community, residents enjoy a quiet, convenient setting close to shopping, parks, and easy access to the greater Portland metro area — with Mt. Hood National Forest just a scenic drive away.Don't miss this move-in-ready opportunity in one of Gresham's sought-after manufactured home communities!

1819 SE ORIENT DR Unit #41, Gresham

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