5 Homes with Crazy-Low Price per Sq. Ft. in Inner SE Portland

Southeast Portland – what’s not to love? There’s the hamlet of Sellwood, sandwiched between the river and the train tracks, and its curious variety of local businesses. Travel to the north and you’ll find Inner Southeast Portland’s balance of beloved dive bars and high end restaurants. Make a turn east and you’ll be headed towards Laurelhurst Park, the proudly weird (or weirdly proud – either way feels right) of Hawthorne’s shops, and some of the most beautiful homes in Portland.

So with this much to offer, the real estate here might feel out of reach for many. But wherever you’re looking to buy, take a pause and consider that there may be more out there than you think. We’ve gathered here 5 homes with the lowest price per square footage in two of the most desirable zip codes in Southeast Portland: 97202 and 97214.

Why mention zip codes, you might be wondering? Well, as of this writing, we were able to identify these properties in these specific zip codes as ones that rank in the bottom 20% in all our listings for price per square footage. Keep reading to find out more about these opportunities, and about how you can keep looking for the right fit for you.

#1 – 3915 SE Main St.

3915 SE Main St.

We start off with an opportunity to secure one of the most exciting locations in all of Portland. This large home sits just around the corner from everything SE Hawthorne Street has to offer, including the Southeast location of Powell’s Books. With premium grocery stores, shopping, and dining so nearby, this one is hard to pass up. This home is a fixer, but one with a ton of potential for the right investor. A large backyard is also a huge bonus for this busy part of town, and adds to the value of the $229 per square foot price.

#2 – 1618 SE Harold St.


Our next listing also boasts an excellent location for anyone who enjoys city amenities alongside the joys of nature. Situated in Westmoreland (just north of Sellwood), this home is just steps away from the remarkable Oaks Bottom Park. Take regular hikes or bike to work on the well-maintained riverside Springwater Corridor. Some recent updates to this home give you a head start, but there’s also plenty of room for your personal touches. And a spacious basement adds to your space – which comes at just $198 per square foot.

#3 – 3024 SE 8th Ave.

3024 SE 8TH AVE

This Craftsman, which is listed at only $191 per square foot, is a beautiful opportunity for the right buyer. Seven bedrooms tucked into of corner of the Brooklyn neighborhood and steps from the Ross Island Bridge and the Springwater Corridor. The previous owners have completed a ton of updates on your essentials: sewer, appliances, electrical, etc. Meanwhile you’ll find charming pieces of the home’s history have been maintained, such as French doors welcoming you from room to room. A detached garage has been converted into a living space, which could bring in rental income if desired. At this price per square foot, you could have a good chunk of your mortgage covered for you!

#4 – 1748 SE 12th Ave.

1748 SE 12TH AVE

Ladd’s Addition is Portland’s oldest planned residential district. Its historic streets and quaint rose gardens were first imagined in the early 1900s, and the result all these years later is some of the most beautiful homes in Portland. Here’s your chance to own one of them at only $181 per square foot! Inside the charm of 100 year old wooden floors is complemented by modern fixtures and appliances, including a gas stove. Four stories and 10 bedrooms mean plenty of space, but if that’s not enough you’ll also find a quiet oasis in the backyard, complete with mature landscaping and a detached garage.

#5 – 1215 SE Lexington St.


Finally, the lowest price per square foot on our list today is this Craftsman, at only $160! That number is only made more amazing by the location, right in the heart of Sellwood. You could make your home right around the corner from the beautiful Sellwood Park, which on a clear day gives a panoramic view of the river, downtown, and Mount St. Helens. Imagine yourself starting your morning there, then pick up lunch on the way back home at any of Sellwood’s many cozy restaurants. Or stop by some of the best antiquing in the city to finish furnishing your new home! And there’s plenty of room to get creative in this home. Whether you’re inside by the fireplace or outside on a private deck – huge for the area – you’ll want somewhere comfortable to settle in. A large basement/work area allows even more space for storage and your favorite hobbies.

Let’s Go Check Them Out Together

If these homes have piqued your curiosity, don’t stop here. On our website you’ll be able to refine your search even further using Vestor Filters. To find these homes, we searched by zip code using the location search in combination with the Vestor Filter for best price per square foot. Whether you’re looking to secure a home in the perfect location for you or searching for particular features, our filters can help you customize your home search.

If you’re ready to find the top Portland homes for sale, you’ve come to the right place. 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.