310 CERVANTES Lake Oswego, OR $ 1,100,000
310 CERVANTES
$ 1,100,000
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310 CERVANTES

Lake Oswego, OR, 97035
$ 1,100,000
Bedrooms10 Baths8.0 Sq 4,838

Monthly Estimate*

$ 6,773

310 CERVANTES, Lake Oswego, OR 97035 - Image 1
310 CERVANTES, Lake Oswego, OR 97035 - Image 2
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Multi-Family Home for sale in Lake Oswego, OR for $1,100,000 with 10 bedrooms and 8 full baths. This 4,838 square foot home was built in 1979.

Positioned in the heart of Lake Oswego's sought-after Mountain Park community, this updated Cervantes fourplex presents a rare and compelling investment opportunity. Comprising four individual deeds with newly appealed property taxes, the property offers both immediate upside and long-term value. Three of the four units have been thoughtfully remodeled with modern finishes, hardwood floors, and updated kitchens, while the fourth features a stable long-term tenant. Recent exterior improvements include new Siding freshly painted, and new decks stained, enhancing both curb appeal and durability. Other recent improvements include installing new water heaters and cleaning the roof and gutters.Tucked into a quiet, tree-lined neighborhood, residents enjoy access to top-rated Lake Oswego schools, scenic parks, and miles of nearby trails, along with premier amenities at the Mountain Park Recreation Center—including a pool, fitness center, and tennis courts. Just minutes from Lake Oswego's vibrant downtown dining and shopping scene, this location consistently attracts high-quality tenants.Whether you are a seasoned investor seeking a stable, appreciating asset or exploring a house-hack opportunity in one of Oregon's most desirable communities, this fourplex delivers a unique blend of lifestyle appeal, strong rental potential, and enduring investment strength.

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Multi-Family Pending

Price

$ 1,100,000

Bedrooms

10

Full Bath

8

Property Type

Multi-Family

Taxes

$ 15,582

Style

Year Built

1979

Town/City

Lake Oswego

County/Region

MULTNOMAH

MLS | Web ID

243532421

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Roof Composition
Zoning R-0
Garage Spaces 8.0
Year Built 1979
Stories Count 2
Tax Year 2025
Parcel Number R132121
Gross Income 96020.0
County Multnomah
Net Operating Income 61147.0
Operating Expense 34873.0
Property Type MultiFamily
HOA Y
Subdivision Name Mountain Park
Rent Includes MaintenanceGrounds Sewer TrashCollection Water
Status Pending
Directions Mountain Park - Jefferson Pkwy to Cervantes
High School Ida B Wells
City LakeOswego
Disclosures Exempt
Number Of Units Total 4
MLS Area _147
Listing Terms Cash Conventional Other
Elementary School Markham
Tax Annual Amount 15582.24
Middle/Junior High School Jackson
Property Condition UpdatedRemodeled
Virtual Tour https://player.vimeo.com/video/1134932020?byline=0&title=0&owner=0&name=0&logos=0&profile=0&profilepicture=0&vimeologo=0&portrait=0
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description CHATEAU BLEU CONDOMINIUM LOT 304 306 308 310
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Interior
Basement CrawlSpace Other
Storage Garage IndividualStorageUnits
Hot Water Electricity Gas
Unit 1 Baths Total 2
Unit 1 Beds Total 3
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit 3 Baths Total 2
Unit 3 Beds Total 3
Unit 4 Baths Total 2
Unit 4 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features Attached Garage
Lot Features GentleSloping Sloped Trees
Water Source PublicWater
Total Parking 10.0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 4838.0
Road Surface Type Paved
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Internal Only
Street Number 1 310
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* Excluded Features
List By
Cascade Hasson Sotheby's International Realty

Broker

Yvonne@YvonneBlewett.com

Email

Affordability Calculator

$8,071
Per Month
84%
16%
0%
Monthly Principal & Interest
$6,773
Monthly Property Taxes
$1,299
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
3254080 Elementary School
3254087 Middle School
Ida B Wells High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2026$1,100,000 Listed Price

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310 CERVANTES, Lake Oswego, OR, 97035 is a Multi-Family Home for sale at $1,100,000 with 4,838 sqft. 310 CERVANTES has 10 bedrooms, 8.0 baths, and was built in 1979. The property's zip code is 97035 which is in Lake Oswego, OR