MULTNOMAH VILLAGE Homes under $400,000

Welcome to Multnomah Village, a charming neighborhood nestled in the heart of Portland, Oregon. Known for its unique blend of suburban tranquility and urban vibrancy, Multnomah Village offers a delightful escape from the hustle and bustle of city life while still maintaining easy access to all that Portland has to offer.

This quaint community is characterized by its tree-lined streets, local boutiques, and a rich tapestry of cultural influences. Residents enjoy a strong sense of community, with friendly neighbors and a variety of local events that foster connections and camaraderie. The village is home to a range of amenities, including cozy coffee shops, delicious eateries, and parks that invite leisurely strolls and outdoor activities.

One of the most appealing aspects of Multnomah Village is the availability of homes priced under $400,000. This makes it an attractive option for first-time homebuyers, young families, and anyone looking to invest in a vibrant community without breaking the bank. Here, you can find charming bungalows, spacious townhomes, and modern condos, all offering a unique character that reflects the neighborhood’s eclectic spirit.

Living in Multnomah Village means enjoying a lifestyle that balances convenience and comfort. With easy access to public transit and major highways, you can explore the greater Portland area with ease. Whether you’re drawn to the local arts scene, outdoor adventures, or simply the warmth of a close-knit community, Multnomah Village is a place where you can truly feel at home. Come discover your dream home in this enchanting neighborhood today!

Newest MULTNOMAH VILLAGE Homes under $400,000

5130 SW MULTNOMAH BLVD Unit #C, Portland

$249,900

2 Beds ⋅ 2 Baths ⋅ 334529084 MLS

Enjoy one-level living in this quiet Shadow Creek condo, a short bike or drive to Multnomah Village and Garden Home. Two bedrooms, two full baths, a true primary with ensuite, and a second bedroom that works well as an office. Large laundry room with washer, dryer, and all appliances included. Dedicated covered carport space C-7 sits right in front of the unit. Wood-burning fireplace and a private deck look out on green space just outside the back door. Best price in the area for an affordable, move-in-ready condo. Nearby parks, Gabriel Park w/ trails, playgrounds, sports fields, skate park, off-leash dog area, Southwest Community Center, Spring Garden Park: playground, splash pad, & gardens. Restaurant: Fat City Café, Marco’s, Village Coffee, Spielman Bagels, Tastebud pizza, Yalla, Fat Kitty Ramen, Zinc Bistro & Bar Lucky Labrador Public House, Level Beer, Tito’s Taquitos Multnomah French Quarter food carts, John’s Marketplace, Trader Joe’s in Garden Home. Easy access to I-5, Village dining, parks, and grocery runs—without giving up the trees and privacy. Call for a private tour!

5130 SW MULTNOMAH BLVD Unit #C, Portland

$399,900

2 Beds ⋅ 2 Baths ⋅ 145504173 MLS

Phenomenal location meets fresh new construction with this thoughtfully designed 2 bedroom, 2½ bathroom condo offering 970 square feet just outside the heart of Multnomah Village. Step inside to a bright, efficient floor plan that makes excellent use of every inch, with an open main level connecting the kitchen, dining area, and living room for easy everyday living and entertaining. The kitchen offers a clean, modern feel with plenty of workspace and storage, while a slider off the living room opens to a private patio for morning coffee, grilling, or relaxing at the end of the day. A convenient powder room completes the main floor. Upstairs, the primary suite includes a private bathroom, while the second bedroom and additional full bathroom offer flexibility for guests, a home office, or everyday living. Upstairs laundry keeps chores close to the bedrooms, and energy efficient mini splits provide year round heating and cooling. An exceptional 83 Walk Score puts daily conveniences within easy reach, with Multnomah Arts Center, Village Coffee, Fat City Cafe, Annie Bloom's Books, Grand Central Bakery, and the locally owned shops, dining, and services of Multnomah Village all nearby. Grab coffee, meet friends for a bite, browse neighborhood shops, or enjoy the Village without making every outing a drive. Thoughtfully positioned within this newly built community, this interior unit offers the same elevated design and efficient layout in a more value conscious price point. Every detail reflects the vision of a multi-year Street of Dreams builder, blending elevated design with everyday livability and backing every home with an exceptional warranty. This is how your home was meant to be. List price is for buyers eligible for Portland Housing Bureau's System Development Charge Exemption (SDC), an initiative promoting affordable housing across the City of Portland.

7585 SW Capitol HWY, Portland

$379,900

2 Beds ⋅ 2 Baths ⋅ 108399283 MLS

** INCOME LIMITS TEMPORARILY REMOVED; NOW AVAILABLE TO ALL OWNER OCCUPANTS ** Fantastic NEW development in Hillsdale/Multnomah Village! OWN FOR LESS THAN YOU CAN RENT! Light and bright with lots of windows, open floor layout, generous sized kitchens, SS appliances, quartz counters, upscale finishes, and just overall well built homes! Amazing location on a quiet street with close proximity to your favorite dining, shopping, parks and entertainment (Multnomah Village, Hillsdale, and Gabriel Park)! Priced to compete with condos, but far superior; fee simple single family homes and NO HOA! Builder warranty included and FHA financing available! Home energy score is 10 out of 10! THIS IS THE BEST VALUE AROUND! [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10249511]

2009 SW MOSS ST, Portland

$199,950

1 Beds ⋅ 1 Baths ⋅ 379344760 MLS

Own in Multnomah Village for under $200,000! This bright, move-in-ready 1-bedroom condo offers an exciting opportunity to own in one of Portland’s most charming and walkable neighborhoods, just blocks from the shops, restaurants, coffee, and community of Multnomah Village, with Gabriel Park nearby.Fresh paint and new carpet throughout make this 712 square foot home feel fresh, bright, and welcoming. The smart, open floor plan lives larger than expected, with abundant natural light and plenty of thoughtful storage. The well appointed kitchen features wine storage, an eat-in bar, and a great connection to the living space. Sliding glass doors open to a covered porch that’s perfect for morning coffee, entertaining, or enjoying your own outdoor space year-round. Even better, the porch includes a walk-in storage closet, a rare and incredibly useful bonus for condo living.The generous bedroom features a walk-in closet with custom organizers, while the updated bathroom offers a stylish new vanity. A coat closet and laundry closet are conveniently located at the entry, keeping everyday essentials neatly tucked away. Your deeded parking space is located directly in front of the unit for maximum convenience.And the HOA delivers serious value, covering water, sewer, trash, and exterior maintenance, while also giving you access to the community pool and hot tub. Spend less time worrying about exterior upkeep and more time enjoying everything Multnomah Village has to offer.Under $200K, a prime Multnomah Village location, deeded parking, private outdoor space, pool + hot tub, and major utilities included in the HOA—this is an opportunity to own in one of Portland’s most desirable neighborhoods without the price tag you might expect. Come see why this condo is such a great way to make Multnomah Village your home!

7937 SW 40TH AVE Unit #I, Portland

$299,000

2 Beds ⋅ 1 Baths ⋅ 577562370 MLS

Tucked into the heart of Multnomah Village, this 2-bed, 1.5-bath townhome is set up for easy living whether it's your full-time home or your Portland home base. It's half a block to the Multnomah French Quarter food carts, Grand Central Bakery, Yalla Mediterranean, and John's Marketplace, with Gabriel Park just minutes away. Inside, fresh updates and playful finishes set a welcoming tone: new carpet, updated lighting, stainless steel appliances, and a dreamy oversized primary bedroom that makes it as comfortable as it is cute. A private patio out back and reserved parking make it simple to settle in, or lock up and leave it be between visits. It’s pet and rental friendly, and move-in ready! Buyer can receive a lender credit towards closing costs/rate buy-down to make this opportunity even more affordable with preferred lender. Seller-paid new roof assessment set for completion by end of Sept 2026. [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10246163]

3612 SW MULTNOMAH BLVD, Portland

Start Your Search

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.