5 Cheapest Condos for Sale in Portland Today

If you’re on a budget but dream of becoming a homeowner, condos can offer the perfect solution. Often shoppers think of condos as luxury dwellings in high rises with sweeping views that are totally out of their reach. And those certainly exist! But there’s so much range to the Portland condo market. At the lower end of the real estate market price range, condos are king. They offer an affordable choice for home buyers – especially right now. At the moment, inventory of single family homes is so low that bidding wars are driving up prices across Portland. Condos, on the other hand, are seeing a big dip in sales, which means now is a great time to scoop up a condo at a great price!

There are many factors to consider as you search for the right condo for you. Consider the amenities the complex offers, for example. One of the ways you can save by buying a condo is by having access to a gym, pool, or other communal facilities. You’ll also want to consider the view. Since condos are part of a larger building, not all units are created equal. You’d probably prefer your window to overlook some greenery rather than a parking lot.

And then there’s the fact that HOA fees can vary widely. It will be much to your advantage to work with a real estate agent who is experienced in condominiums. Since the contract you’re entering into involves a larger community, it’s in many ways more complex than a single family home sale. An experienced real estate agent can guide you towards the best deals for your future home.

Speaking of deals, let’s check out the 5 cheapest condos for sale in Portland right now!

#1 – 9817 NE Irving St. #213

9817 NE Irving St. #213

This newer build with an attractive design is located in the Gateway area. With easy access to shopping, I-205 and I-84, the MAX, and multiple bus lines, all your needs will be at your fingertips. A clean, open floor plan is ready for your personal touches, and a walk in closet maximizes your storage space. The complex includes a thoughtfully designed courtyard, adding to the aesthetic appeal.

As the values of Portland real estate continue to rise, get in on the East side’s ground floor with this charming condo!

#2 – 12616 NW Barnes Rd.

12616 NW Barnes Rd

If you prefer to head west from downtown, this unit is Westlake Condos could be your best bet. Located just off Highway 26 north of Beaverton, Westlake puts you near great schools and a thriving economy. This is a great area to raise a family in. You’ll get more greenery and privacy here, all while being a hop, skip, and a jump from the bustle of the city.

This condo also comes with some pretty enviable perks. The complex has access to a pool, sauna, tennis courts, and a recreation room. If you’re more in the market for nature, the property also offers quiet walking trails and a peaceful pond. And owning one of the most secluded units in the complex, you’ll enjoy green space from the balcony as well. Inside, keep cozy by the wood burning fireplace. At under $140,000 (before negotiation), that sounds pretty nice!

#3 – 2704 SE 138th Ave. #20

2704 SE 138TH AVE 20

This clean and quiet unit will also offer some excellent HOA perks. The club house maintains a pool as well as a hot tub, for one. But you also have access to a private garage, which lends security to you car but also doubles as extra storage space. The condo has been well cared for by its previous owners, which is an important thing to look for. Hardwood floors and an updated kitchen sweeten the deal, and a pleasant patio grants you some outdoor peace.

#4 – 10345 NE Clackamas St. #16

10345 NE Clackamas St. #16

Here we have another entry for the Gateway community! Again, some of the best access you can get. All the shopping you need – both Fred Meyer and WinCo are easily within walking distance – plus you’re still just minutes from downtown. And we’re willing to bet the trend of more dining options coming to this part of town will only continue. This unit is ready for you with new carpet and an up to date kitchen. A stacked washer and dryer save you space, and a relatively low HOA fee (that still covers water, sewer, and trash) will save you money.

#5 – 20 NW 16th Ave. #411

20 NW 16TH AVE 411

Finally, we come to the cheapest condo for sale in Portland today. This is true studio living, in the sense that you’ll be immersed in the excitement of urban life. Located just blocks from Pioneer Courthouse Square, this condo gives you a front row seat to all the city has to offer. The building’s aesthetics will compliment your big city aspirations with an elegant lobby. And while “true studio living” can mean a little less space, this condo still makes room for a dishwasher and front-loading washer and dryer. Can you own a home in the heart of Portland for less than $100k? Believe it or not, the answer is yes!

Let’s Go Check Them Out Together

If you’re ready to find the top Portland homes for sale, you’ve come to the right place. Whether you want an at-home workout space or somewhere to relax, we’ll help you get into the home of your dreams! Call us at 503-773-0000 to find out more or schedule a tour.