651 5TH ST
Lake Oswego, OR, 97034 $ 1,350,000
Bedrooms5 Baths2.2 Sq 3,003 Monthly Estimate*
$ 9,324
for $1,350,000 with 5 bedrooms and 2 full baths, 2 half baths. This 3,003 square foot home was built in 1978.
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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FeaturesInteriorInterior Amenities LuxuryVinylPlank WasherDryer
Basement CrawlSpace
Total Fireplaces 2
Fireplace Features WoodBurning
Hot Water Electricity
Window Features DoublePaneWindows
Total Bathrooms 2.2
Total Bedrooms 5
Total Baths 4
1/2 Baths 2
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GeneralSewer PublicSewer
Heating WallHeater
Cooling None
Roof Composition
Appliances Dishwasher FreeStandingRange FreeStandingRefrigerator Island
Zoning R6
Garage Spaces 2.0
Architectural Style Traditional
Year Built 1978
Stories Count 2
Property Subtype SingleFamilyResidence
Parcel Number 00196157
County Clackamas
Property Type Residential
HOA N
Subdivision Name FIRST ADDITION
Full Baths 2
Status Active
Directions Between C and D
High School Lake Oswego
City LakeOswego
Disclosures Disclosure
MLS Area _147
Listing Terms Conventional
Elementary School Forest Hills
Tax Annual Amount 6351.57
Middle/Junior High School Lake Oswego
Property Condition Resale
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 29 1ST ADD TO OSWEGO LT 12&PT LT 11 BLK 26
ADU False
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ExteriorExterior Amenities Fenced Yard
Lot Features Level
Water Source PublicWater
Total Parking 2.0
Garage Type Attached
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 3003.0
Road Surface Type Paved
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* Excluded FeaturesList ByHarnish Company RealtorsBroker
harnish@harnishproperties.comContact
Affordability Calculator
- Monthly Principal & Interest
- $9,324
- Monthly Property Taxes
- $529
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbySingle family listings in Lake Oswego, OR
Average List Price $1,763,212
Percent of Sale Price 31%
About Lake Oswego, OR 38,782 Population
7% Since 2002
$ 95,347 Median Income
48 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949129 Elementary School
1948939 Middle School
Lake Oswego High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/28/2026 | $1,350,000 | | Listed Price |