651 5TH ST, Lake Oswego, OR 97034
651 5TH ST, Lake Oswego, OR 97034
651 5TH ST, Lake Oswego, OR 97034
651 5TH ST, Lake Oswego, OR 97034
651 5TH ST, Lake Oswego, OR 97034
651 5TH ST, Lake Oswego, OR 97034
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Stephanie Peters

Stephanie Peters

+1(503) 799-0220
Listed by Harnish Company Realtors • harnish@harnishproperties.com
$ 1,350,000
Est. payment | /mo

5 Beds

2.2 Baths

3,003 SqFt

Save
$ 1,350,000
Est. payment | /mo
Save

5 Beds

2.2 Baths

3,003 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,003 sqft

Price per Sqft $449

Subdivision First Addition

MLS Listing ID 798915183

Bedrooms 5

Year Built 1978

Annual Tax Amount $6,351

Tax Year 2025

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

Location

State OR

County Clackamas

Area _147

Zoning R6

Rooms

Basement Crawl Space

Interior

Heating Wall Heater

Cooling None

Exterior

Garage Spaces 1.0

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Forest Hills

Middle Schools Lake Oswego

High Schools Lake Oswego

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

Nearby Locations

Stephanie Peters

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 799-0220

stephanie@thepeterscollective.com

2175 NW Raleigh St, Portland, OR 97210, USA

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651 5TH ST