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Listed by Harnish Company Realtors • harnish@harnishproperties.com
$ 1,350,000
Est. payment | /mo
5 Beds
2.2 Baths
3,003 SqFt
$ 1,350,000
Est. payment | /mo
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
