651 5TH St, Lake Oswego, OR 97034

• 5 beds |
• 4 baths |
• 3,003 sqft

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

Listing Status:

Active

Date Added:

October 28, 2026

Data Last Updated:

October 28, 2026 at 8:41PM

Listing Office:

Harnish Company Realtors : 503-699-8483

Listing Agent:

Kelly Fitzmaurice : 503-490-5813

MLS ID:

159415059

Interior

• General: Luxury vinyl plankWasher dryer
• Appliances: DishwasherFree standing rangeFree standing refrigeratorIsland
• Basement: Crawl space
• A/C: None
• Heating: Wall heater
• Fireplace: Wood burningFireplaceFireplaces: 2

Exterior

• General: Wood sidingFencedYard
• Style: Traditional
• Parking: Parking spaces: 2

Construction

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

Location

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

Lot

• Zoning: R629 1ST ADD TO OSWEGO LT 12&PT LT 11 BLK 2600196157

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.