On the market: Portland homes with 4 bedrooms for sale under $400,000

The desire for a house with many bedrooms to shelter more relatives was made clear during the coronavirus pandemic.

Many young adults who lost their jobs when businesses closed and college students were sent away from campuses returned to their family homes.

A majority of young adults — 52% of 18- to 29-year-olds — now live with one or both of their parents, according to a Pew Research Center analysis of July’s Census Bureau data. That percentage passes the previous peak, which occurred during the Great Depression.

Potential sellers, who don’t want to move during a pandemic, are staying put, exacerbating an already low number of residential properties for sale in Oregon.

A months-long run on larger homes adds to buyers’ difficulty in finding a home for sale with four or more bedrooms.

Fires that destroyed thousands of homes across the state this month have also contributed to the housing shortage.

Terry Rasmussen in John L. Scott Real Estate’s Medford office says everyone, especially those in the process of buying or selling a home, has been impacted by Oregon’s fires.

“The market was already starved for inventory even before the fire,” says Rasmussen.

Click here to see residential properties for sale in Oregon with four or more bedrooms

His clients include a couple nearing retirement who downsized and now have nine family members living with them because their adult children lost their home.

Still, there are homes for sale with four or more bedrooms. In this week’s real estate gallery, we look at a sampling of Portland homes for sale under $400,000:

Big homes for sale

13115 S.E. Foster Rd #17 is for sale by Marjorie Baker of McKenzie-Baker PropertiesMcKenzie-Baker Properties

13115 S.E. Foster Road #17 in Portland’s Pleasant Valley/Powellhurst-Gilbert neighborhood is listed at $133,900.

The manufactured home, built in 1986, has four bedrooms, two bathrooms and 1,848 square feet of living space.

The kitchen has new cabinets, granite counters and stainless-steel appliances.

“Can you say private? This is a rare setting. Tucked away in the corner with a feeling of seclusion in the heart of the city,” says listing agent Marjorie Baker of McKenzie-Baker Properties.

Big homes for sale

683 S.E. 148th Ave. in Portland’s Centennial neighborhood is for sale by Peter Nguyen of MORE Realty.MORE Realty

683 S.E. 148th Ave. in Portland’s Centennial neighborhood is listed at $299,900.

The two-story, traditional-style house, built in 2007, has four bedrooms, 2.5 bathrooms and 1,502 square feet of living space.

The dining room has a sliding door to the covered patio. The house has a gas fireplace, gas and central air system, laminate and tile floors, stainless-steel appliances and a vaulted ceiling in the master bedroom.

Outside are a large porch, fenced, covered patio and a finished, attached garage.

Homeowners association fees are $172 a month.

“Please follow COVID-19 protocols,” says listing agent Peter Nguyen of MORE Realty.

See other homes for sale

Big homes for sale

9015 S.E. Cora St. in Portland’s Lents neighborhood is for sale by Maggie Moran-Castillo of John L. Scott Salem.John L. Scott Salem

9015 S.E. Cora St. in Portland’s Lents neighborhood is listed at $323,000.

The single-story house, built in 1954 on a 5,662-square-foot lot, has four bedrooms, 1.5 bathrooms and 1,024 square feet of living space.

Recent work includes new siding, fresh paint, new flooring and newer roof. The backyard has persimmon, plum, apple, cherrie, pear and other mature fruit trees.

“Rare find. Must see. Large lot provides endless opportunities,” says listing agent Maggie Moran-Castillo of John L. Scott Salem. List price was lowered by $5K.

See more homes for sale

Big homes for sale

11926 S.E. Market St #14 in Portland’s Mill Park neighborhood by Thanh Quach-Hua of MORE Realty.MORE Realty

11926 S.E. Market St. #14 in Portland’s Mill Park neighborhood is listed at $328,000.

The two-story, detached condo, built in 2005, has four bedrooms, 2.5 bathrooms and 1,548 square feet of living space.

“Spacious living room with a gas fireplace. Master bedroom with full bathroom and vaulted ceiling,” says listing agent Thanh Quach-Hua of MORE Realty.

The original list price was lowered by $7,000. Homeowners association fees are $242 a month, which includes water, sewer and private road maintenance.

See more homes for sale

Big homes for sale

15622 E Burnside St. in Portland’s Glenfair neighborhood is listed by Shawn McCready of Crystal Springs Realty.Crystal Springs Realty

15622 E. Burnside St. in Portland’s Glenfair neighborhood is listed at $355,000.

The duplex, built in 1970, has four bedrooms, two bathrooms and 1,480 square feet of living space.

There are vinyl windows, tile floors, new heaters in both units, and fenced yards with mature trees.

“Great tenant history,” says listing agent Shawn McCready of Crystal Springs Realty.

See more homes for sale

Big homes for sale

8002 SE Flavel St. in Brentwood-Darlington is listed by Tyler Koski with Steven Whitson of Proud Ground.Proud Ground

8002 S.E. Flavel St. in Brentwood-Darlington is listed at $360,000.

The house, built in 1939 on a 3,484-square-foot lot, has four bedrooms, 1.5 bathrooms and 2,306 square feet of living space.

“Large renovated kitchen,” says listing agent Tyler Koski with Steven Whitson of Proud Ground.

The basement has a private entrance, kitchenette and bathroom for guests, roommate or Airbnb, say the listing agents. The finished attic can be used as a playroom, craft room or home office.

The low-maintenance yard has a covered patio, shed for storage and native plants as well as fruits, berries and vegetable beds.

See more homes for sale

— Janet Eastman | 503-294-4072

jeastman@oregonian.com | @janeteastman

Want to search Oregon real estate listings and use local resources? Click here.

Source Article