651 5th St, Lake Oswego, OR 97034
Local realty services provided by:CENTURY 21 North Homes Realty
651 5th St,Lakeoswego, OR 97034
$1,350,000
- 5 Beds
- - Baths
- 3,003 sq. ft.
- Single family
- Active
Listed by: kelly fitzmaurice
Office: harnish company realtors503-699-8483
MLS#:159415059
Source:PORTLAND
Price summary
- Price:$1,350,000
- Price per sq. ft.:$449.55
About this home
Unique investment opportunity in the prestigious heart of Lake Oswego's First Addition! This is a duplex. 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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Home facts
- Year built:1978
- Subdivision & Development:FIRST ADDITION
- Listing ID #:159415059
- Added:1 day(s) ago
- Updated:October 28, 2026 at 08:22 PM
Rooms and interior
- Bedrooms:5
- Full bathrooms:2
- Half bathrooms:2
- Kitchen Description:Dishwasher, Free Standing Range, Free Standing Refrigerator, Island
- Basement Description:Crawl Space
- Living area:3,003 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1978
- Building area:3,003 sq. ft.
- Lot Features:Level
- Architectural Style:Traditional
- Exterior Features:Fenced, Yard
- Foundation Description:Concrete Perimeter
- Levels:2 Stories
Schools
- High school:Lake Oswego
- Middle school:Lake Oswego
- Elementary school:Forest Hills
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,350,000
- Price per sq. ft.:$449.55
- Tax amount:$6,352
Features and amenities
- Laundry features:Washer/Dryer
- Amenities:Double Pane Window(s)
Parking
- Total parking spaces:2
- Garage spaces:2
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