Portland Homes under $400,000

Welcome to Portland, Maine—a vibrant coastal city that perfectly blends rich history with modern charm. Nestled in Cumberland County, Portland is renowned for its stunning waterfront, historic architecture, and eclectic arts scene. With its picturesque streets lined with boutiques, cafes, and galleries, this city offers an inviting atmosphere that captivates both residents and visitors alike.

Portland is not just about its breathtaking landscapes; it’s a hub of culture and cuisine. Known for its award-winning restaurants and breweries, food enthusiasts will find an array of fresh seafood, farm-to-table dining, and artisanal treats. The city also boasts a lively arts community, with numerous galleries, theaters, and festivals that celebrate local talent.

For those looking to make Portland their home, you’ll be delighted to know that there are charming homes available for under $400,000. Whether you're a first-time homebuyer, a growing family, or looking to downsize, you can find a variety of options that fit your budget. From quaint bungalows to modern condos, these homes offer the perfect blend of comfort and style, all while being just a stone's throw away from the city’s vibrant amenities.

With its strong sense of community, beautiful parks, and proximity to the stunning Maine coastline, Portland is more than just a place to live; it’s a lifestyle. Explore the possibilities of owning a piece of this enchanting city without breaking the bank. Come discover your dream home in Portland, where coastal charm meets urban convenience!

Newest Portland Homes under $400,000

$399,000

2 Beds ⋅ 2 Baths

Bright, sunny end unit townhouse in a three-unit complex, tucked into the USM/Oakdale neighborhood. The first floor features an open dining and living area anchored by a two-sided wood fireplace, plus a half bath. The cheery kitchen has stainless steel appliances and marble counters. Upstairs, you'll find two nicely sized bedrooms and a full bath. Enjoy the convenience of your own 1-car garage plus guest parking, plus affordable HOA dues and heating costs. The location is hard to beat. Walk or bike to downtown, the Back Bay, and Deering Oaks, or hop on the bus line right nearby. Game days are easy too: start with happy hour at Continental, then walk over to Fitzpatrick Field to cheer on the Hearts of Pine!

150 Brighton Ave Unit 1, Portland

Listing courtesy of Vitalius Real Estate Group, LLC.

$385,000

2 Beds ⋅ 2 Baths

A two-bedroom, one-and-a-half-bath condominium at Clairmont Court, on the Woodford's Corner side of Portland. It's a short walk to the shops and restaurants at Woodford's Corner and to the 3.5-mile trail around Back Cove. Downtown, the Old Port and I-295 are all a few minutes away. The biggest updates are already done. Both bathrooms have been fully renovated, every window has been replaced, and a heat pump provides efficient heat in winter and air conditioning in summer. The roughly 1,040 square feet has been freshly painted throughout. The kitchen has been partially updated, so it's clean and functional now, with room to make it your own over time. Deeded parking and a $330/monthly association fee keep ownership simple. It suits first-time buyers, remote professionals, and anyone downsizing who wants a move-in-ready home close to everything Portland offers.

3 Clairmont Ct Unit C6, Portland

Listing courtesy of Real Broker. 207-756-2442

$349,000

1 Beds ⋅ 1 Baths

his quiet and charming one - bedroom first floor unit would make a perfect pied-a-terre or entry-level condominium. Short stroll to Portland's Old Port, downtown, or West End in minutes. Condo fee includes heat, hot water and plowing of the adjacent deeded parking space. This is a bright and sunny unit with windows on three sides and water views to Casco Bay. Pleasant outside common space to enjoy. Large storage area in basement.

156 York St Unit 3, Portland

Listing courtesy of Harborview Properties, Inc..

$389,000

2 Beds ⋅ 1 Baths

Compact, convenient and comfortable -- this sweet ranch has a lot to offer! Located just off the peninsula, in this location you're close to everything. Better still, there are no immediate project needs as the entire home was updated eleven years ago including the roof, windows, boiler, kitchen and bath, and the home has been well-maintained ever since. The eat-in kitchen has plenty of room for dinner parties, while the backyard is made for nights by the fire pit. There's even a blueberry bush to sweeten the deal! Need more space? The daylight walk-out basement has valuable potential. Don't miss your opportunity to own this sweet ranch home in a great Portland location!

936 Washington Ave, Portland

Listing courtesy of Portside Real Estate Group.

$399,000

1 Beds ⋅ 1 Baths

Introducing 10 Exchange St #307. Set on one of the Old Port's most iconic cobblestone streets, this condo places you at the center of Portland's best dining, boutique shopping, art galleries, and the working waterfront. Morning walks along the harbor, evenings at award-winning restaurants, and easy access to nearby parks define the lifestyle here. Inside, the home pairs historic character with modern comfort. Soaring ceilings, exposed brick, and oversized windows fill the space with light and charm. The open-concept living area flows into a sleek, updated kitchen with granite countertops, stainless steel appliances, and crisp cabinetry, while hardwood floors tie the layout together with warmth. The bedroom retreat is highlighted by dramatic brickwork and tall windows, offering a private yet airy escape. A stylish bath with granite vanity and glass shower rounds out the home's thoughtful design. Residents enjoy secure building access, elevator service, a welcoming lobby, and on-site laundry facilities, making city living as convenient as it is vibrant. Whether as a full-time home, a pied-à-terre, or an investment, Unit 307 offers the perfect blend of history, character, and convenience in Maine's most dynamic neighborhood.

10 Exchange St Unit 307, Portland

Listing courtesy of Keller Williams Realty.

$399,000

2 Beds ⋅ 1 Baths

Experience the best of Portland living in the heart of the coveted West End. Ideally positioned within the charming Williamsburg Building, this beautifully appointed condominium offers an exceptional blend of timeless style, modern comfort, and effortless city living. From the moment you arrive, the appeal of this distinctive residence is evident. The meticulously maintained grounds, inviting community courtyard, and heated underground parking create a welcoming sense of arrival, while the building's established character complements the sophisticated feel of the home. Inside, thoughtfully curated updates create an elegant yet comfortable atmosphere. The open-concept living and dining area provides an inviting setting for entertaining or relaxing and flows beautifully into the refined galley kitchen, featuring stainless-steel appliances, a tasteful tile backsplash, granite counter tops and contemporary finishes. Two generously sized bedrooms offer exceptional comfort and options. Additional amenities include private storage and conveniently located laundry facilities in the lower garage level, adding to the ease and functionality of everyday living. Beyond your doorstep, the very best of Portland awaits. Enjoy acclaimed restaurants and inviting cafés, explore the galleries and cultural offerings of the Arts District, or take an evening walk along the Western Promenade and watch the Sun set over the City. This is a rare opportunity to enjoy the comfort and character of an established West End neighborhood while remaining just moments from the energy and sophistication that make Portland such a special place to call home.

175 Pine St Unit 1J, Portland

Listing courtesy of Keller Williams Realty.

$399,000

2 Beds ⋅ 1 Baths

Welcome to this charming two-bedroom, one-bath condominium in Portland's highly desirable Deering neighborhood. Owned and thoughtfully maintained by the same owner for 13 years, the property has benefited from ongoing improvements, including a new roof in 2023 and renovated bathroom in 2024. Enjoy lots of natural light, private deck, dedicated storage shed, basement storage, and a fenced backyard with patio and fire pit—great spaces for relaxing, gardening, or gathering with friends. The unit also includes a designated off-street parking space and is EV-ready. The location is hard to beat, with neighborhood bakeries, restaurants, shops, and access to the walking trails at Evergreen Cemetery nearby, along with convenient access to Maine Medical Center, Mercy Hospital, the University of New England, and all that Portland has to offer. Monthly HOA fees include water and sewer, snow plowing, yard maintenance, and shared common expenses. Offered at $399,000, this is an appealing opportunity to own a two-bedroom home with private outdoor space, parking, storage, and convenient amenities in a sought-after Portland neighborhood. Selling is willing to give concessions to buyer at closing.

280 Concord St W Unit 2, Portland

Listing courtesy of www.HomeZu.com. 877-249-5478

$335,000

2 Beds ⋅ 1 Baths

Vintage charm meets in-town convenience at 260 Park Avenue, Unit 4. This second floor 2 bedroom, 1 bath Portland condo is full of character, with beautiful hardwood floors, stained glass windows, and the kind of original details that give a home warmth and personality. The outdoor deck is a major bonus, offering your own spot for morning coffee, dinner outside, or simply enjoying some fresh air at home. The location puts some of Portland's best amenities close by, with Hadlock Field, Fitzpatrick Stadium, Deering Oaks Park (hello, Portland Farmer's Market!), Maine Medical Center, and all of the restaurants and neighborhood spots of the West End all nearby. Head a little farther into the city and you're minutes from the Arts District, Old Port, waterfront, Thompson's Point, breweries, coffee shops, music venues, and some of Portland's best dining. With easy access to I-295, getting around Greater Portland or heading out of town is convenient, too. The association is pet friendly, there is laundry in the basement, and the unit includes off-street parking for one car! Three especially nice perks for city living. If you've been looking for a Portland home with genuine vintage character, outdoor space, dedicated parking, and a location that keeps you connected to everything the city has to offer, this one deserves a closer look. Come see the charm of Unit 4 and imagine making it your own. To view a full video walk through, head over to YouTube and search the property address. Open house Saturday the 12th from 1-3pm.

260 Park Ave Unit 4, Portland

Listing courtesy of U&R Real Estate.

$399,900

3 Beds ⋅ 2 Baths

Opportunity awaits with this classic 3-bedroom, 1.5-bath Portland bungalow offering plenty of character, flexible living space, and the chance to make it your own. With hardwood floors, original details, and generous rooms throughout, this home provides a great foundation for updates and personalization. The first floor offers convenient living options with a bedroom, office, spacious living area with wood stove, and a bright enclosed front porch—an inviting bonus space to enjoy throughout much of the year. Upstairs, you'll find additional bedrooms with plenty of space and storage. Outside, the fenced yard provides room for gardening, pets, entertaining, or creating your own outdoor retreat. With its classic bungalow character and versatile floor plan, this property is a great opportunity for buyers looking to build equity while creating a home that reflects their own style. Conveniently located with easy access to Portland amenities, shopping, restaurants, and major commuter routes, this home combines location, space, and potential at an approachable entry point into the Portland market.

62 Powsland St, Portland

Listing courtesy of Portside Real Estate Group.

$325,000

2 Beds ⋅ 1 Baths

Welcome to 67 Belfort Street, a 2 bedroom home offering 1,008 square feet of opportunity on a spacious corner lot just minutes from everything Portland has to offer. This is a property for the buyer who sees possibility: a solid home ready for someone to bring their vision (and some sweat equity) to life. Inside, the home is ready for a refresh. New flooring throughout and updated interior finishes will transform the space into something truly your own. Outside, the siding is due for a fresh coat of paint, and the roof will need replacing, giving you the chance to choose finishes that reflect your style from the ground up. What really sets this property apart is the lot. Corner lots like this one are hard to come by, offering extra light, privacy, and flexibility. Wandering through the yard, you'll find the remnants of what was clearly once a carefully curated perennial garden. With a little attention, those beds could bloom again, giving this home a garden worthy of its setting. Location is everything, and 67 Belfort Street delivers. You're just a short drive (or bike ride) from the Old Port, where cobblestone streets lead to some of the best restaurants and breweries in New England. Enjoy easy access to Back Cove for morning runs with water views, the shops and eateries along Congress Street, and quick connections to I-295 for commuters. Portland consistently ranks as one of the best small cities in America for food, arts, and quality of life, and this home puts you right in the middle of it. Whether you're a first time buyer ready to make a home your own, an investor looking for a solid project, or someone who's always wanted a garden of their own, 67 Belfort Street offers a rare chance to put down roots in one of Maine's most beloved cities. Financing must be Cash, Conventional, or a Rehab.

67 Belfort St, Portland

Listing courtesy of Keller Williams Coastal and Lakes & Mountains Realty.

$325,000

3 Beds ⋅ 2 Baths

The last available 3-bedroom at Dougherty Commons -- Portland homeownership priced for real budgets. This two-level, 1.5-bath condo offers approx. 1,093 sq ft across two floors: an open kitchen/living/dining level below and three comfortable bedrooms above. Finishes include luxury vinyl plank flooring, Merillat maple cabinetry, GE Energy Star stainless appliances, and high-performance Harvey windows. All-electric systems -- LG heat pumps for heating and cooling plus ERV fresh-air ventilation -- earn DOE Zero Energy Ready certification with a HERS rating of 34-42, keeping monthly electric bills (heat included) remarkably low. Sprinklered throughout; precision modular construction built at the KBS factory in Poland, Maine and finished on site. A modest monthly condo fee covers water/sewer, trash, grounds care, master insurance, and reserves. Free street parking on Douglass and St James Streets; optional lot space available. Steps from Dougherty Fields -- playground, outdoor pool, skate park, and ballfields -- with Metro bus lines 1, 4, 5, 7 and 9 and the Portland Transportation Center (Amtrak Downeaster) a short walk away. This home is income-restricted: total household income must be at or below the Area Median Income limit at purchase, and the program requires a household of three or more members. Owner-occupancy required; no asset limit; the income test applies at time of purchase only. Resale price grows with AMI, so owners build real equity while the home stays affordable for the next family. Buyers may qualify for MaineHousing Advantage and First Generation assistance programs plus FHLB grants -- some past buyers have reached the closing table with very little cash -- and MaineHousing loans are exempt from Maine real estate transfer tax. Nearly all of Phase 2 is already owner-occupied. Eligibility sheet and project lender list available -- come see this rare Portland opportunity.

65 Dougherty Ct Unit 203, Portland

Listing courtesy of Keller Williams Realty.

$400,000

3 Beds ⋅ 1 Baths

Rare B-1 zoning in Portland's East End -- and the hard part is already done. 187 Congress Street is an 1850 brick home on Munjoy Hill taken down to the studs: framing, systems, and the full stone-foundation basement are open and inspectable today, so a contractor can walk the actual structure and price the project up front. The B-1 Neighborhood Business Zone permits what the surrounding residential blocks cannot: two- to four-family and multi-family dwellings, live/work homes, professional offices, child care, retail, cafe/restaurant space, even a bed & breakfast -- with vertical mixed-use (business below, homes above) expressly encouraged. The house sits well back from the street behind an open front yard with an existing curb cut, and B-1's build-to standards invite new construction right at the sidewalk. Better still, the parcel lies outside the Munjoy Hill Historic District -- no Historic Preservation design review; projects proceed through standard permitting. All concepts are subject to City approvals and applicable requirements; verify all details with the City of Portland. Then there is the location: three blocks from the Portland Observatory, an easy stroll to the Eastern Promenade, and steps from the restaurants, groceries, and neighborhood businesses that make the Hill one of Maine's most walkable, sought-after addresses -- while staying convenient to downtown and the entire peninsula. Investor, developer, owner-occupant, or entrepreneur: restore it as a remarkable live/work home, rebuild it as multi-unit housing, or bring a storefront-plus-residences vision to the only parcel on these blocks where that is legal. A Vision Guide detailing six development concepts and the diligence behind each is available upon request. Opportunities with this combination of zoning, condition, and location don't come along every day.

187 Congress St, Portland

Listing courtesy of Keller Williams Realty.

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