5 Fixer Portland Homes for Sale Under $400K

Portland is full of older homes waiting to be transformed into beautiful, livable spaces for a first-time home owner or an investor ready to claim their next rental property. The plus sides of many of these homes are their deep back yards, many of which have basements and lots of original character. We have the full map of all Portland homes for sale.

Some simply need cosmetic work. Some need a little more. But either way, these 5 fixers for sale under $400K in SE Portland we found this week are worth some consideration.

To find these homes, we went to our website and did a general “Portland, OR” search. Then, we chose “Smart Fixer List” from the drop down menu on the right and zoomed in.

See what these homes have to offer and start thinking about the future!

#1 – 3849 SE 174th Ave

This cozy log house fixer is waiting for your creativity and finishing touches. It has lots of potential with original hardwoods and high, exposed beam ceilings. Stairs lead to the unfinished attic space, providing room to expand. A covered patio leads to the fenced yard, ideal for entertaining. This property is being sold “as-is.” Buyer to do due diligence. This one is a great investor opportunity!

#2 – 2525 SE 165th Ave

This cosmetic fixer is situated in a convenient location near shopping, restaurants, and parks, along with easy access to Powell Blvd, and Highways 26 and 205. The yard is huge yard, great for pets or adding a garden or an ADU. All appliances are included! Buyer to do due diligence.

#3 – 4223 SE 136th Ave 1

This solid 1950s updated ranch has multi-generational or income property potential. It has a large primary suite with an office and a second bedroom and hall bath on the main level. A separate entrance leads to the 12X28 garage conversion hobby/bonus living space with laundry. A third bedroom in the converted attic makes a 4/2 possible. The yard is fenced and has a deck, and the home is on the bus line. Two separate driveways allows for ample parking! This property is non-conforming and CASH ONLY. Interested parties MUST contact co-list prior to tour.

#4 – 14910 SE Gladstone St

This one-level cosmetic fixer boasts a great floor plan with original hardwood floors, a fireplace, and a two-car garage. Updates over the years include a water heater (3 years), furnace (5 years), and roof and double pane vinyl windows (9 years). A walk-in tub was installed in 2018. There’s a private front courtyard and covered backyard patio, ideal for outdoor living and entertaining. This one is true PNW living with the property backing up to Powell Butte Nature Park. This home has lots of potential, so bring your tools!

#5 – 14704 SE Bush St

This home sits on a sub-dividable lot, so it’s a great investment opportunity with lots of potential in the current home. There’s a carport for covered RV parking, and the property is located right near the Powell Butte Nature Park entrance. Experience all the beautiful trails just steps from the front door! The home is being sold “as-is” with no repairs. Buyer to do their own due diligence.

Interested in a Fixer as an Investor or First-Time Home Buyer?

If you want to see what Portland has to offer in the realm of fixers, we’d love to show you around. With over 17 years of experience in the area and a focus on customer service, we’re confident we can help you find what you’re looking for. Give us a call at 503-773-0000 or chat with the bot on this site. Our top 1% buyer’s team is at your service!

Written by Stephen FitzMaurice
Published on February 1, 2022