5 Homes for Sale in Sellwood Under $700K

There’s no doubt the market is slowing down, compared to what we’ve seen over the past two years, moving us out of the hot seller’s market we’ve all been navigating. Many potential buyers are taking a pause now due to rising interest rates. In light of all this, your plans to buy a home may seem like a faraway dream. However, we think it’s work capitalizing on the usual yearly shift we always see this time of year. Believe it or not, the best time to buy a home is in the fall months. And especially when you look at homes that have been on the market for a while. We have the full map of all Portland homes for sale.

With this in mind, we looked to see what the sought-after Sellwood-Moreland neighborhood has to offer and found these 5 homes for sale under $700K that have been on the market more than 30 days. To find them, we entered “Sellwood-Moreland” in the search bar (and removed the default “Portland, OR” search). Once inside, we chose “Single Family,” set a “$700K” max price, and under the “Days” tab, we selected a minimum of “1 Month” for days on the market.

Which one of these homes has what you’re looking for?

1. 8434 SE 7th Ave

WOW! Do NOT miss this opportunity with a $100,000 market price adjustment! This property is in a prime location, mere blocks from the river, Portland Rowing Club, Waverly Landing Condos, Waverly Marina, and Springwater Trail, only minutes to the heart of Sellwood shopping, dining, and Sellwood River Front Park. The value here is in location and the land with the possibility of rehab on the existing structure, which needs LOTS of work. New Portland zoning regulations offer an AMAZING opportunity in this prime location for subdividing and ADUs.

2. 8711 SE 19th Ave

Come home to this artist’s retreat one block away from desirable Sellwood shops and eateries. Enjoy loads of natural light in the oversized upstairs suite with A/C. The large ensuite bathroom awaits your finishing touches. The property has mature landscaping, and the fenced yard offers plenty of backyard privacy. The rear bedroom has a separate outside entrance, perfect for a home office or dual living. The extra long driveway offers hard-to-find RV parking. This one is a real Sellwood gem. Pride of ownership shows in this well cared for home!

3. 7975 SE 19th Ave

This affordable Sellwood home is in a great location and boasts vaulted ceilings, a fireplace, and two-car garage, as well as two cozy decks—one in the front, and the other, accessible through sliders off the dining area. This home offers tons of potential for you to make it your own. The location is ideal, as well, within walking distance to shopping, restaurants, and entertainment.

4. 5520 SE Milwaukie Ave

This lovely Sellwood bungalow is zoned for commercial or residential use. The open floor plan provides a spacious feel, and the wood flooring throughout adds warmth. There’s a separate entrance for the lower floor and the possibility for an additional lot. Make an offer and make it happen!

5. 1342 SE Lexington St

Come see this attractive, classic bungalow in the heart of Sellwood. Relax on the front porch to watch the world go by. Newer doors, windows, and roof have been added, as well as refinished hardwood floors. The large primary suite has a walk-in closet, and the oversized, detached garage allows for ample storage and the potential for a studio or work-from-home space. You’ll be minutes from the library, pool, parks, farmer’s market, New Seasons, and dozens of food carts, restaurants, and shops.

Work With an Experienced Portland Real Estate Agent and Find Your Home in Sellwood

If you’ve always dreamed of living in Sellwood, now’s the time to make your move. We can show you these home, or any others in this coveted neighborhood you’d like to see. Chat with the bot on our site, or give our top 1% buyer’s agents a call today at 503-773-0000. We’ve been helping clients buy real estate in the Portland metro area for 18 years. We look forward to helping you find just what you’re looking for.

Written by Stephen FitzMaurice
Published on September 29, 2022