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(503) 866-1312
Real Estate Company
651 5TH ST, Lake Oswego, OR 97034
- $1,350,000
- 3,003
- SqFt
- List Price
- $1,350,000
- Days on Market
- 0
- MLS#
- 798915183
- Property Type
- Multifamily
- Sqft. of Residence
- 3,003
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Lake Oswego, West Linn
- Status
- ACTIVE
Property Description
Unique investment opportunity in the prestigious heart of Lake Oswego's First Addition! Surrounded by luxury single-family residences, this well maintained 3,003 sq ft duplex generates $5,500/month gross revenue alongside unmatched long-term appreciation in one of Oregon's most coveted zip codes.Unit 1 (3 Bed | 1.1 Bath 1777 sqft) rents $3,100/month. Highlights include a spacious floor plan, cozy wood-burning fireplace, updated countertops, full dishwasher, in-unit washer/dryer, an attached garage, and private fenced yard. Unit 2 (2 Bed | 1 Bath | 1,226 Sq Ft) rents $2,400/month. Features a bright, well-scaled layout, wood-burning fireplace, updated countertops, dishwasher, dedicated in-unit washer/dryer, covered carport parking, and a private fenced yard. An unbeatable lifestyle location: minutes to boutique shopping, artisan dining, fitness studios, neighborhood parks, grocery and Oswego Lake. Perfect for the savvy owner occupant looking to live in one unit while subsidizing their mortgage, or the portfolio investor securing a low-vacancy asset in an irreplaceable location. Both units fully leased with a history of low turnover and established income. R-6 zoning includes single-family homes, duplexes, triplexes, townhomes, and cottage clusters *subject to specific lot-coverage, Floor Area Ratio (FAR), and design guidelines *buyer to do due diligence. Interior photos and floorplan are just of unit 653. PLEASE DO NOT DISTURB TENANTS
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Additional Information
- Tax Amount
- $6,351
- Year Built
- 1978
- High School
- Lake Oswego
- Elementary School
- Forest Hills
- Middle School
- Lake Oswego
- Garage Spaces
- 1
- Living Area
- 3,003
- Stories
- 2
- Subdivision
- FIRST ADDITION
- Terms
- Cash, Conventional
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Wall Heater
- Hoa Rent Includes
- Sewer, Trash Collection
- Hot Water Description
- Electricity
- Exterior Description
- Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Carport, Driveway
- Parking Description
- Carport, Driveway
- Road Surface
- Paved
- Number Of Units Total
- 2
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 2400
- Unit Type One Sq Ft
- 1226
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 3
- Unit Type Two Units Total
- 1
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Listing courtesy of Harnish Company Realtors.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.