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503-935-2560
Smira Group
651 5TH ST, Lake Oswego, OR 97034
- $1,350,000
- 5
- BD
- 2
- BA
- 3,003
- SqFt
- List Price
- $1,350,000
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- 159415059
- Rent
- 5500
- Bedrooms
- 5
- Bathrooms
- 2
- Partial Bathrooms
- 2
- Living Area
- 3,003
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Lake Oswego, West Linn
Property Description
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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Additional Information
- Tax Amount
- $6,351
- Year Built
- 1978
- High School
- Lake Oswego
- Elementary School
- Forest Hills
- Middle School
- Lake Oswego
- Fireplaces Total
- 2
- Garage Spaces
- 2
- Garage Type
- Attached
- Living Area
- 3,003
- Stories
- 2
- Subdivision
- FIRST ADDITION
- Property Type
- Single Family Residence
- Terms
- Conventional
- Master Bedroom Level
- Upper
- Cooling Description
- None
- Fireplace Description
- Wood Burning
- Fuel Description
- Electricity
- Heating Description
- Wall Heater
- Hot Water Description
- Electricity
- Exterior Description
- Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Style
- Traditional
- Road Surface
- Paved
- Exterior Features
- Fenced, Yard
- Interior Features
- Luxury Vinyl Plank, Washer/Dryer
- Kitchen Appliances
- Dishwasher, Free-Standing Range, Free-Standing Refrigerator, Island
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Listing courtesy of Harnish Company Realtors.
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