5335 Sw MADRONA St, Lake Oswego, OR 97035

• 4 beds |
• 4 baths |
• 2,299 sqft

Property Description

Rare Lake Oswego Investment Opportunity, Massive 150x130 Lot.Opportunities like this in the coveted Lake Forest neighborhood are few and far between! Situated on an expansive, beautifully treed 150x130 lot zoned R8.5, this true fixer-upper is a blank canvas boasting incredible infrastructure. The sprawling footprint features an attached salon space on one wing and a primary suite on the opposing side. Upstairs, an open room and bath are prime for a luxury owner's suite conversion. Out back, find a detached garage and an enclosed hot tub room awaiting your vision. Mechanicals & Infrastructure: Equipped for comfort and flexibility with a robust main HVAC system featuring a Heat Pump, Forced Air Gas air handler, and Central A/C. The property includes 3 gas water heaters and 2 separate gas meters (the rear meter conveniently serves the back bedroom and the spa/hot tub heating)—offering unique potential for dual living or a home business setup. Located in a gorgeous neighborhood of meandering streets zoned for premier Lake Oswego schools. Estate sale sold AS-IS. Seller states 4BD/4BA; tax records show 2BA. Seller believes the additional bathrooms were permitted, but as this is an estate, the state of permitting is unknown. Purchaser must confirm all square footage, permits, and uses to their own satisfaction. Great day to show this home!

Listing Status:

Active

Date Added:

May 17, 2026

Data Last Updated:

May 18, 2026 at 4:41PM

Listing Office:

KJK Properties PC : 503-772-8825

Listing Agent:

Kathryn King : 503-997-9035

MLS ID:

209732349

Interior

• General: Tile floorWallto wall carpet
• Basement: Crawl space
• A/C: Central air
• Heating: Forced airHeat pump
• Disability Feature: Main floor bedroom bathMinimal steps

Exterior

• General: AluminumFire pit
• Style: Stories 2Capecod
• Parking: DrivewayParking spaces: 1

Construction

• Roofing: Composition
• Windows: WoodFrames
• General: Concrete perimeter

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Clackamas

Lot

• Zoning: 8.5442 BRYANT AC 3 PT LT 21700234767

Utilities

• Water: Public water
• Sewer: Septic tank

Financial

• Source: Regional Multiple Listing ServiceInc.