For sale Home

Listed Oct 28, 2026

$1,350,000 Est. $8,929/mo

651 5th Street

  • 5

    Beds

  • 4

    Baths

  • 3,003

    Sq ft

The story

  • Basement

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

Facts & features

Home type

Home

Year built

1978

Floors

2

Price per sq ft

$450

Parking

2-car garage

Included features

  • Fireplace

    2 fireplaces

  • Basement

    Yes

  • Heating

    Wall Heater

  • Appliances

    Dishwasher, Free Standing Range, Free Standing Refrigerator, Island

  • Roof

    Composition

  • Lot Information

    Level

  • Exterior

    Fenced, Yard

  • Water Source

    Public Water

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$8,929 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $7,185
  • Property tax $1,350
  • Insurance $394

Includes principal, interest, taxes & insurance.

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Listing Broker

Harnish Company Realtors

Broker Name

Harnish Company Realtors

Agent

Kelly Fitzmaurice