Lake Oswego Homes under $400,000

Lake Oswego Homes under $400,000

Welcome to Lake Oswego, Oregon—a picturesque city that beautifully blends suburban tranquility with vibrant community life. Nestled just south of Portland, Lake Oswego is renowned for its stunning natural landscapes, including the sparkling waters of Oswego Lake and lush parks that invite outdoor enthusiasts to explore. With a rich history dating back to the 1800s, this charming city boasts a warm, welcoming atmosphere alongside a thriving arts scene, top-rated schools, and a variety of dining and shopping options.

For prospective homebuyers, Lake Oswego offers a unique opportunity to find charming residences under $400,000. While this price range can be competitive, there are hidden gems waiting to be discovered. From cozy townhomes to quaint single-family houses, these homes provide an excellent entry point into this desirable community. Imagine waking up to beautiful views, enjoying leisurely strolls by the lake, and engaging in community events that foster connections with neighbors.

Living in Lake Oswego means embracing a lifestyle that balances the serenity of nature with the excitement of urban living. With easy access to Portland, you can enjoy the best of both worlds: the peacefulness of a suburban retreat and the vibrant energy of the city. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, Lake Oswego has something to offer everyone.

Explore the possibilities of calling Lake Oswego home, where a bright future awaits in a community that truly feels like a haven. Don’t miss the chance to invest in your dream home in this enchanting city!

Newest Lake Oswego Homes under $400,000

47 EAGLE CREST DR Unit #43, Lake Oswego
$225,000
2 Beds ⋅ 1 Baths ⋅ 303653510 MLS
Experience a quieter side of Lake Oswego in this beautifully updated condo, a rare top-floor corner residence offering exceptional natural light, an expansive stretch of windows, and a wonderful sense of privacy. Framed by treetops and views of Mt. Hood, the home feels both peaceful and connected to its natural surroundings. Inside, enjoy a wood-burning fireplace, generously sized bedrooms, and thoughtful updates throughout. A private patio and assigned parking add to the convenience. The HOA has recently completed exterior renovations and includes membership to the Mountain Park Community Center, with pools, fitness facilities, sports courts, a kids' zone, and more; HOA pays for sewer and water, and there are currently no special assessments. Miles of nature trails wind throughout the coveted Lake Oswego community, with shopping and everyday conveniences just moments away.

47 EAGLE CREST DR Unit #43, Lake Oswego
3101 MCNARY PKWY Unit #2, Lake Oswego
$299,900
2 Beds ⋅ 2 Baths ⋅ 635023620 MLS
Beautifully maintained townhome in the popular Mt Park/Lake Oswego community. Main floor has hardwoods throughout with a cozy wood fireplace for relaxing evenings. The living and dining areas are oversized allowing for large groups or office area or reading corner. Cooks will love the light filled and thoughtfully planned quality of this Neil Kelly kitchen. Extra bonus area off the kitchen can be an eating area or separate office space with a view out the an oversized window. Upstairs you will find two generously sized bedrooms. The primary bedroom has an oversized closet with closet organizers plus a second walk-in closet with additional storage area. The remodeled primary bath with soaking tub, full height tile surround and extra built-ins. The guest room has large closet with closet organizer. Quality Anderson windows, Karastan carpet on upper level. Lower level has separate laundry area with utility sink. Rare in a condo - this garage is HUGE with extra width on each side as well as extra deep and a separate storage area. Mt Park has miles of walking trails, a recreation center with pool, workout gym and activities. Short distance to groceries, restaurants and coffee plus just a few more minutes to popular downtown Lake Oswego.

3101 MCNARY PKWY Unit #2, Lake Oswego
48 EAGLE CREST DR Unit #3D, Lake Oswego
$355,000
2 Beds ⋅ 2 Baths ⋅ 739648492 MLS
Seller prefers OREF Forms.Spacious, single-level condo in Lake Oswego’s Mountain Park community, featuring treed views, a two-car garage, and a large, private sun deck. The open living and dining areas are complemented by a wall of windows that brings in natural light and provides views of the surrounding trees. Recent updates include carpet, interior paint, and air conditioning. The kitchen features granite countertops and an apron-front sink. The primary suite offers a walk-in closet and an en-suite bathroom. The oversized two-car garage provides additional space for storage.Mountain Park residents have access to community amenities, including walking trails, an indoor pool, fitness center, yoga studio, and sports court. Conveniently located near New Seasons Market, shopping, dining, and major commuter routes to Portland and Beaverton, with access to PCC and Lewis & Clark College.

48 EAGLE CREST DR Unit #3D, Lake Oswego
100 KERR PKWY Unit #6, Lake Oswego
$165,000
1 Beds ⋅ 1 Baths ⋅ 157549901 MLS
Move-in ready low-maintenance living in the heart of Mountain Park! This one-bedroom condo pairs an open, functional layout with wall-to-wall windows that bring in abundant natural light and frame the surrounding greenery. The roomy kitchen features an large breakfast bar with plenty of room for meal prep, dining and entertaining. Entry is tile, with a large storage closet with room to stack or hang items. A majority of the living space features gorgeous hardwood floors. Step outside to your private covered patio and enjoy a peaceful setting tucked among the trees. Stacked washer and dryer are included for added convenience. One assigned parking space and no rental cap add flexibility for both owner-occupants and investors. Mountain Park residents enjoy access to an impressive collection of amenities, including indoor/outdoor pools, fitness facilities, tennis and pickleball courts, miles of walking trails, parks, playgrounds and community activities. Conveniently located near shopping, dining, downtown Lake Oswego and freeway access, this is an easy home base with recreation right outside your door. Newer windows and siding add for additional peace of mind.

100 KERR PKWY Unit #6, Lake Oswego
48 EAGLE CREST DR Unit #1A, Lake Oswego
$345,000
3 Beds ⋅ 2 Baths ⋅ 591045527 MLS
Surrounded by mature trees, this 1,550-square-foot end-unit condo offers a sense of privacy along with seasonal West Hills views. The split-level layout places a vaulted living room, dining area and kitchen on the main level, with three bedrooms and two full baths upstairs. Sliding doors from both the living and dining areas open to the deck, extending the living space outdoors. A wood stove adds another focal point to the living room, while the kitchen features granite counters, an eating bar, double ovens, a glass cooktop and a new dishwasher. The primary bedroom includes an ensuite bath and walk-in closet. A heat pump and detached one-car garage add everyday convenience. Mountain Park Recreation Center membership is available for a separate optional fee, with access to indoor pools, fitness facilities, saunas and sports courts. Nearby destinations include New Seasons, Oswego Towne Square and the Lake Oswego Recreation & Aquatic Center, with downtown Lake Oswego’s shops, restaurants and Lake Theater & Cafe a short drive away.

48 EAGLE CREST DR Unit #1A, Lake Oswego
13 OSWEGO SMT Unit #13, Lake Oswego
$199,000
1 Beds ⋅ 1 Baths ⋅ 691889271 MLS
Move-in ready 1-bedroom, 1-bath condo with assigned carport in Lake Oswego’s desirable Mt. Park! Refreshed with new LVP flooring and interior paint. Living room features a slider to a private patio with additional storage closet. Primary bedroom offers a generous walk-in closet. All kitchen appliances included, and community laundry in building. On bus line, and conveniently located close to PCC, OHSU, I-5 and Downtown Portland, with shopping, restaurants and schools nearby. Community amenities include a pool and party room with kitchen, plus access to Mt. Park Recreation Center amenities, including pool, spa, water slide, weight and cardio rooms, and fitness classes. A great opportunity to enjoy low-maintenance living in a convenient Lake Oswego location!

13 OSWEGO SMT Unit #13, Lake Oswego
4000 CARMAN DR Unit #G108, Lake Oswego
$286,000
2 Beds ⋅ 1 Baths ⋅ 299861100 MLS
Light-filled top-floor end unit in Lake Oswego with $45K in recent upgrades! Located in the quiet pocket of Waluga, this 2-bed (one bedroom + Loft) condo offers a functional floor plan bathed in natural light with tree views. Open concept living with vaulted ceilings, a wood-burning fireplace, and a private deck that connects the space to the outdoors. Updated kitchen with all appliances included and in-unit laundry with washer/dryer. Includes 1 deeded covered parking space, EV charging, and plenty of guest parking. Enjoy resort-style HOA amenities: saltwater pool, hot tub, sauna, gym, and clubhouse. HOA dues also cover water, sewer, and trash. FHA-approved community with NO rental cap (no short-term rentals). Unbeatable Kruse Way corridor location just 3–5 minutes to I-5, Hwy 217, Trader Joe’s, Safeway, and Boones Ferry Rd dining. Love to walk for fitness or to unwind after work? Stroll right out your door to gorgeous green neighborhoods or take a 15 minute walk to Zupan’s, Grassa or CVS. Top-rated Lake Oswego schools (10/10 LO High). Low-maintenance living plus strong investment potential in one of the Portland metro’s most desirable markets!

4000 CARMAN DR Unit #G108, Lake Oswego
48 EAGLE CREST DR Unit #2E, Lake Oswego
$325,000
3 Beds ⋅ 2 Baths ⋅ 688183481 MLS
Nestled in Lake Oswego's Mountain Park neighborhood, this spacious 3-bedroom, 2-bathroom, 1,623 sq ft corner-unit condo offers beauty & privacy in a classic Pacific Northwest setting. Surrounded by mature trees, the split-level layout perfectly balances open-concept common rooms with private bedrooms. The oversized living and dining areas flow into a light-filled solarium and an upgraded kitchen featuring ample cabinet & counter space with stainless appliances and new glass-top range and new sink. The primary suite includes an attached bath and walk-in closet. With walls of windows across the living spaces, the home provides lovely wooded views that make you feel like you are living in a tree house. Step through the sliding glass doors onto a spacious, newly refinished oversized deck to enjoy your morning coffee with beautiful seasonal views of the West Hills and Council Crest and lovely sunset colors. The property includes a detached one-car garage, an additional reserved parking space, and an HOA that covers water, garbage, recycling & exterior maintenance. Residents also have full access to the premier Mountain Park Rec Center’s indoor pools, fitness studios, saunas, and sports courts. Tucked away in nature, yet just minutes from New Seasons, Oswego Towne Square & the brand-new Lake Oswego Recreation & Aquatic Center. And the great shops, restaurants and pubs of downtown Lake Oswego are just 10 minutes away. Here you can enjoy dinner & a movie at the historic Lake Theater & Cafe or access Lake Oswego from the new paddle launch.

48 EAGLE CREST DR Unit #2E, Lake Oswego
6928 SW MONTAUK CIR, Lake Oswego
$285,000
2 Beds ⋅ 1 Baths ⋅ 197774150 MLS
Easy, one-level living in Lake Oswego! Great opportunity with low HOA fees and low taxes in Lake Oswego School district. This ground-floor, two-bedroom condo offers a bright, inviting layout with thoughtful updates and peaceful green surroundings. The open living and dining space is filled with natural light and anchored by a cozy wood-burning fireplace, with a private patio just outside for morning coffee or fresh air. The updated kitchen features plenty of functionality and hidden storage. Both bedrooms are conveniently located on the main level, including a spacious primary with a walk-in closet, plus a lovely, updated hall bathroom with soaking tub. In-unit laundry is tucked near the kitchen and entry for everyday convenience. A detached garage is located just around the corner from the front door at the end of the driveway, making parking and storage easy. Enjoy reasonable HOA dues with a seasonal outdoor pool, expansive common green spaces and a walking loop throughout the community. Investors take note: rentals are allowed, offering flexibility now or down the road. Add in low Washington County property taxes and access to highly rated Lake Oswego schools, and this is a compelling opportunity for both homeowners and investors. Conveniently located near Bridgeport Village, downtown Lake Grove and Lake Oswego with shopping, dining, parks and everyday essentials close by. Easy living in an easy-to-love location! Eligible for lender credits - ask your agent for more info.

6928 SW MONTAUK CIR, Lake Oswego
16250 PACIFIC HWY Unit #45, Lake Oswego
$339,000
2 Beds ⋅ 2 Baths ⋅ 613424806 MLS
Discover effortless one level living in a beautiful Lake Oswego setting, just steps from the Willamette River. Thoughtfully refreshed and move in ready, this inviting 2 bedroom condo features all new flooring and interior paint in 2026, an updated primary bath, and three new high end sliding glass doors that fill the home with natural light and connect indoor and outdoor living. A spacious patio stretches across the living area and both bedrooms, with walk out access from each.A deeded covered parking space in the secure, gated lot offers the convenience of no stairs between parking and the condo entrance, while deeded private storage provides valuable extra space.Set within a wonderfully maintained and well managed community, residents enjoy two swimming pools, a fitness center, secure bike storage, a meeting room, EV charging and dog friendly green spaces. HOA dues include water, sewer, trash, common insurance and exterior maintenance. Seller reports healthy reserves with no planned dues increase for the coming year.Step outside and follow the scenic trail to George Rogers Park and the Willamette riverfront, with miles of walking and biking trails to explore. Foothills Park and Mary S. Young Park are nearby, while downtown Lake Oswego is just minutes away for dining, coffee, boutiques, Millennium Plaza Park and the beloved Farmers' Market. Whole Foods and everyday conveniences are close by as well. Beautifully updated, easy to live in, and wonderfully connected to everything that makes Lake Oswego special, this hidden gem offers an exceptional combination of comfort, convenience and riverside living.

16250 PACIFIC HWY Unit #45, Lake Oswego
84 GALEN ST, Lake Oswego
$189,000
1 Beds ⋅ 1 Baths ⋅ 543371275 MLS
Open house 10:30am-12:30pm 9/20. Amazing value in Lake Oswego! Seller has invested over $50,000 in recent upgrades to this charming 1-bedroom home in the desirable Westlake/Oak Creek area. It has newer furnace, water heater, plumbing, appliances, floors, cabinets doors, granite countertops, light fixtures and more! The inviting living room features dramatic vaulted ceilings, a cozy wood-burning fireplace, and vinyl plank flooring throughout. A sliding glass door opens to an oversized private balcony, perfect for relaxing or entertaining. All appliances are included for easy move-in. Conveniently located with quick access to I-5, shopping, dining, downtown Lake Oswego, and the popular Westlake area. Walk to the best Oak Creek elementary school! A fantastic opportunity to enjoy the Lake Oswego lifestyle at an exceptional value!

84 GALEN ST, Lake Oswego
47 EAGLE CREST DR Unit #14, Lake Oswego
$199,000
1 Beds ⋅ 1 Baths ⋅ 445071475 MLS
Cute, charming and completely move-in ready in beautiful Lake Oswego! Remodeled from the studs up with no expense spared, this light and bright ground-floor condo feels fresh, stylish and thoughtfully finished throughout. Updates include LVP flooring, quartz countertops, soft-close cabinetry, stainless steel appliances, new trim, paint, doors, digital LED lighting and added double insulation in the walls. The beautifully updated bathroom features a sleek walk-in shower, while an in-unit washer and dryer make everyday living easy. Step outside to the private covered patio—perfect for morning coffee or cozy evenings—with a peekaboo view of Mt. Hood and a private storage unit for added convenience. Ground-level living also helps keep the home naturally cooler during the warmer months. Additional features include a deeded parking space and newer sliding door. Enjoy a quiet setting, nearby trails and access to the Mountain Park Rec Center, offering fitness classes, a pool and athletic courts. This adorable condo offers easy, low-maintenance living in a fantastic Lake Oswego location!

47 EAGLE CREST DR Unit #14, Lake Oswego
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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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