5 Portland Homes for Sale with Potential 2nd Living Quarters under $500K

If you’re looking for a home with extra living quarters to house extended family or out-of-town guests, or as rental property income, Portland has plenty of homes to choose from. Of course, if you have plans to become a landlord for the first time—or even if you have been for awhile—it’s important to stay on top of Portland’s landlord/rental laws. To see what’s available across the city, check out the full map of all Portland homes for sale.

We concentrated on Portland’s SE quadrant and found these 5 homes with extra living quarters for sale under $500. To find these homes, we entered “Bungalow” in the search bar, set the the maximum price at $500K, then selected the “Extra Living Quarters” feature from the drop down menu on the right.

Have a look at these homes below and start making plans.

1. 6930 SE 85th Ave

This adorable Bungalow in Lents neighborhood is full of potential, so bring your vision to this fixer-upper opportunity with plenty of room for an ADU on a large corner lot. See yourself at home in this light-filled home just blocks from lovely Glenwood Park, a short trek to the nearest MAX station, and minutes to restaurants, coffee shops, and grocery stores. This darling home has plenty of vintage charm just waiting to be brought back to life. Make this home your own at an unbeatable price!

2. 144 SE 83rd Ave

Fall in love with this darling, lovingly cared for Montavilla Bungalow with original hardwoods, arched doorways, and built-ins. The kitchen, living/dining area, and two bedrooms complete the main level. The third bedroom is upstairs, and the basement has a separate entrance—tons of space and ADU potential! The detached garage is equipped with electrical, and the easy-to-maintain yard boasts a shade tree and parking pad. The home has a fantastic walk score of 88 and is close to schools, shopping, and transportation.

3. 5128 SE Bybee Blvd

This gorgeous to-the-studs, beautifully renovated Craftsman Bungalow has it all. Inside, you’ll find a new kitchen with custom cabinets, modern appliances, and designer tile, along with a new bathroom. The home also has new flooring, drywall, electrical wiring, circuitry, 200-amp panel, plumbing, interior/exterior paint, 40-year roof, and windows. The basement with 7-ft ceilings and room in the secluded entertainer’s back yard offer ADU possibilities! The home has a great location, close to excellent Woodstock shopping, cafes, pubs, and grocery. The seller is offering a 1% credit/buy down point.

4. 3530 SE 70th Ave

This classic Foster-Powell Bungalow sits on an oversized lot and has tons of possibilities. The home has a full unfinished basement with disconnected toilet and potential to be converted to more living space or an ADU. Enjoy the beautiful wood floors, updated kitchen and bath, and an expansive back yard. The detached garage provides additional storage and more ADU potential!

5. 1335 SE 87th Ave

This updated Montavilla Bungalow features a remodeled kitchen and baths. The full finished basement suite with a separate entrance is a profitable rental/Airbnb with a bedroom, bath, kitchenette, laundry, and walk-in closet. There’s extra parking in front of the 3+ car garage at the end of an extra long driveway, plenty of space to accommodate nine cars/toys with ease. The seller paid $5K towards buyer’s closing costs or interest buy-down with an acceptable offer!

Looking for a Bungalow With Extra Living Quarters in SE Portland?

Give our top 1% buyer’s agents a call today at 503-773-0000! We’re happy to show you these homes and any others with extra living quarters or and other features you’re looking for. We’ve been serving the Portland metro area for 18 years, helping satisfied clients find their next home. We’d love to help you do the same.

Written by Stephen FitzMaurice
Published on September 6, 2022