BROOKLYN NEIGHBORHOOD Homes under $600,000

Welcome to the vibrant Brooklyn Neighborhood in Portland, Oregon, where urban charm meets suburban tranquility. Nestled in Multnomah County, this picturesque community is known for its eclectic mix of historic homes, modern developments, and an inviting atmosphere that makes it a sought-after destination for families, young professionals, and retirees alike.

Brooklyn boasts a unique blend of character and convenience, with tree-lined streets and an array of local shops, cafes, and parks that foster a strong sense of community. Residents enjoy easy access to public transportation, making it a breeze to explore the rest of Portland, whether you’re heading downtown for work or indulging in the city’s renowned culinary scene.

One of the most appealing aspects of the Brooklyn Neighborhood is the diverse selection of homes available, especially for those seeking properties under $600,000. Here, you can find charming bungalows, cozy cottages, and modern townhomes that cater to various lifestyles and budgets. With a focus on affordability without compromising on quality, Brooklyn offers an excellent opportunity for first-time homebuyers and investors alike.

Imagine sipping your morning coffee on a sun-drenched porch, wandering through nearby parks, or enjoying the vibrant arts scene—all while living in a community that feels like home. With its friendly atmosphere, convenient amenities, and a range of housing options, Brooklyn is not just a neighborhood; it’s a place where dreams take root and families flourish. Come discover the magic of Brooklyn, where your perfect home awaits!

Newest BROOKLYN NEIGHBORHOOD Homes under $600,000

$500,000

339184298 MLS

Value-add opportunity in SE Portland's Brooklyn neighborhood with potential for a 6-bedroom, 4-bath duplex. This vacant property offers flexibility for an investor or house hacker ready to put in the work and create long-term value. One side is largely finished with 3 bedrooms and 2 bathrooms, hardwood floors, an updated kitchen, abundant natural light and original character. Some TLC is still needed, including completion of a currently gutted bathroom. The second unit is laid out for an additional 3 bedrooms and 2 bathrooms but requires significant finishing, creating an opportunity to complete the space and generate additional rental income. Live in one side while completing the other, or finish the project and position both units for rental income. Both units are vacant, allowing a new owner to begin improvements immediately. A large 1,107 sq ft unfinished basement, not included in the stated 2,376 sq ft, provides substantial storage and possible future use, subject to buyer due diligence. With a 92 Bike Score and 79 Walk Score, plus convenient access to the MAX Orange Line, public transit and nearby parks, the location offers connectivity throughout inner SE Portland. Based on a property management company's pro forma, projected annual gross income is approximately $50,000, with approximately $20,000 in projected operating expenses and $30,000 in projected net operating income, reflecting a projected 6.67% cap rate and 9.0 gross rent multiplier. Property is currently vacant with no actual rental income or operating history. Cash or rehab financing only due to current condition. Buyer to verify square footage, permitted uses, renovation requirements, rental projections and future use possibilities. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10252548]

3604 SE 7TH AVE, Portland

$535,000

3 Beds ⋅ 2 Baths ⋅ 280951084 MLS

Put a bow on this one! 3 bed / 2 full bathroom home in Portland's phenomenal Brooklyn neighborhood! Picture yourself in your fully fenced yard with garden beds on a summer evening with friends. Store your bicycles in your detached garage after hitting farmers markets. Relish in the glory of hardwood floors and a great kitchen. Open living and dining room upstairs with a family room downstairs providing room for everybody. All the boxes are checked: Hardwood floors (check!). 3 bedrooms (check!). 2 full bathrooms (check!). Fenced Yard (check!). Chicken Coop (check!). Raised Garden Beds (check!). Detached Garage & drive way (check!). Good vibes, great light & not far from everything (check, check and check!!!) This home lives like a dream. Impeccably maintained and nicely updated. Your new home is Peak Portland. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10251811]

4415 SE 26TH AVE, Portland

$515,000

3 Beds ⋅ 1 Baths ⋅ 205697210 MLS

Brooklyn Ranch with Main-Level Living, a Private Backyard & an Unbeatable SE Portland Location! Discover this inviting 3-bedroom, 1.5-bath ranch in the heart of SE Portland's Brooklyn neighborhood, with most of the living space conveniently located on the main level! Recent improvements include a beautifully remodeled main bathroom, updated PEX plumbing throughout, and fresh interior paint. Large south-facing, double-paned windows fill the living space with natural light, highlighting the attractive laminate flooring. The kitchen features a cozy breakfast nook, perfect for morning coffee or casual dining. Step outside to a beautifully landscaped, private backyard with a patio made for entertaining, summer BBQs, or relaxing outdoors. The roof was replaced in 2016, while the unfinished basement offers abundant storage and flexible space for hobbies, a workshop, or future possibilities.Enjoy the best of close-in SE Portland living! Walk to the MAX, neighborhood restaurants, and the iconic Aladdin Theater, or hop on your bike to explore Sellwood and Division Street. Quick access to Ross Island Bridge and freeways, nearby public transit make commuting throughout the Portland metro area a breeze. With thoughtful updates, convenient main-level living, inviting outdoor spaces, and a fantastic location, this Brooklyn ranch offers the perfect combination of comfort and urban convenience! [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10183947]

821 SE BUSH ST, Portland

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