535 2ND ST Lake Oswego, OR $ 974,900
535 2ND ST
$ 974,900
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535 2ND ST

Lake Oswego, OR, 97034
$ 974,900
Bedrooms2 Baths2.0 Sq 1,025

Monthly Estimate*

$ 6,003

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Condo for sale in Lake Oswego, OR

for $974,900 with 2 bedrooms and 2 full baths. This 1,025 square foot condo was built in 2007.

Perfectly situated just a few blocks from the shores of Oswego Lake in the highly sought-after First Addition neighborhood, this pristine downtown Lake Oswego condominium offers the rare combination of luxury, simplicity, and true walkable lifestyle. Known for its vibrant sense of community, charming streets and rich culture including local theatre, arts, and year-round events, First Addition is one of Lake Oswego’s most beloved places to live. Lovingly maintained by its original owner and used only a few months out of the year to escape Southern summers, the home remains in remarkably like-new condition and has been virtually untouched since 2020. Inside, the thoughtfully designed 2 bedroom, 2 bath layout offers approximately 1,025 square feet of light-filled living space with an open flow ideal for both everyday comfort and effortless entertaining. The home is perfectly sized for an executive lifestyle, a lock-and-leave retreat, or anyone seeking the ease of low-maintenance living in one of Lake Oswego’s most desirable locations. Step outside and enjoy one of the most vibrant downtown districts in the region. From morning coffee to evening wine, some of downtown’s favorite destinations are just a short stroll away, including Baird’s on B, Salt & Straw, Bamboo Sushi, Holy Taco, Five Spice, and Domaine Serene’s tasting room. Residents enjoy the security and convenience of gated access, assigned parking space and additional storage. With Oswego Lake, parks, boutique shopping, restaurants, farmers markets, and cultural amenities just blocks away, this home offers the perfect blend of peaceful living and vibrant downtown energy. A rare opportunity to enjoy Lake Oswego living in a beautifully preserved home that truly feels like new.

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Condo Active

Price

$ 974,900

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 7,290

Style

NWContemporary

Year Built

2007

Town/City

Lake Oswego

County/Region

Clackamas

MLS | Web ID

515294060

Features
Interior
Interior Amenities Granite HardwoodFloors HighCeilings SoakingTub TileFloor WasherDryer
Total Fireplaces 1
Fireplace Features Electric
Hot Water Gas
Total Stories 4
Window Features VinylFrames
Total Bathrooms 2.0
Unit Location GroundFloor
Total Bedrooms 2
Total Baths 2
1/2 Baths 0
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General
Sewer PublicSewer
Heating ForcedAir HeatPump
Cooling CentralAir
Roof Composition
Appliances BuiltinOven Dishwasher FreeStandingRefrigerator GasAppliances Granite Microwave StainlessSteelAppliance
HOA Fee 634.0
Garage Spaces 1.0
Architectural Style NWContemporary
Security Features HandicapAccess IntercomEntry SecuritySystem
Year Built 2007
Stories Count 1
Property Subtype Condominium
Tax Year 2025
Parcel Number 05021805
Accessibility AccessibleElevatorInstalled AccessibleEntrance AccessibleHallway GroundLevel MainFloorBedroomBath MinimalSteps Parking UtilityRoomOnMain WalkinShower
Assoc Fee Paid Per Monthly
County Clackamas
Property Type Residential
Association Amenities Commons ExteriorMaintenance Gas Gated Management Sewer Trash Water
HOA Y
Subdivision Name FIRST ADDITION 1ST ADDITION
Full Baths 2
Status Active
Directions State St to B & 2nd - Located in the 555 Building
High School Lake Oswego
City LakeOswego
Disclosures Disclosure
MLS Area _147
Listing Terms Cash Conventional
Elementary School Forest Hills
Tax Annual Amount 7290.97
Middle/Junior High School Lake Oswego
Property Condition Resale
Virtual Tour https://www.zillow.com/view-imx/e4761999-94a4-4bc8-a4c0-2f90db58e953?initialViewType=pano%27
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description CONDOMINIUM FIVE FIFTY-FIVE SECOND STREET CONDOMINIUMS 4253 UNIT
ADU False
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Exterior
Exterior Amenities Fenced GasHookup Patio Sprinkler
Parking Features Deeded Secured
Lot Features Commons Level
Water Source PublicWater
Total Parking 1.0
Garage Type Available
Exterior Description Cedar Stone
Building Area Total 1025.0
Road Surface Type Paved
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Internal Only
Street Number 1 535
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* Excluded Features
List By
Keller Williams Realty Portland Premiere

Broker

503-250-0667

Contact

Affordability Calculator

$6,610
Per Month
91%
9%
0%
Monthly Principal & Interest
$6,003
Monthly Property Taxes
$608
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949129 Elementary School
1948939 Middle School
Lake Oswego High School High School
Pricing History
DatePricePrice ChangeDescription
3/12/2026$974,900 Listed Price

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535 2ND ST, Lake Oswego, OR, 97034 is a Condo for sale at $974,900 with 1,025 sqft. 535 2ND ST has 2 bedrooms, 2.0 baths, and was built in 2007. The property's zip code is 97034 which is in Lake Oswego, OR