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540 2ND St

Lake Oswego, OR 97034
  • $650,000
  • STATUS: Active
  • ON SITE: 83 Days
  • MLS #: 294056099
Price Reduced
UPDATED: 104 min ago
$650,000
  • 2
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 1,647
    SQFT
  • $395
    $/SQFT
Type:
Condo
Built:
2005
County:

School Information

Elementary School:
Middle School:
High School:

Description

Rare opportunity in the highly desirable First Addition neighborhood! This unique property offers incredible flexibility, featuring a ground level with a separate entrance on the street that is zoned for commercial use—ideal for a professional office or retail space! Alternatively, it can easily function as a private living area with a full bath and laundry, perfect for a guest suite, mother-in-law quarters, home gym, or recreation space. The possibilities are truly endless.The main level features an inviting open-concept layout with a seamless flow between the living, dining, and kitchen areas. Recent kitchen updates include a new stove and dishwasher. Enjoy cozy evenings by the fireplace and tons of natural light. Upstairs, you’ll find two spacious bedrooms and a full bath, creating a functional and private retreat. Detached one-car garage, and enjoy outdoor seating in one of the community courtyards. The HOA covers water, sewer, trash, parking, and all exterior maintenance and common areas making for easy, low-maintenance living. Unbeatable walkability with shops and restaurants just around the corner and a short stroll to the Lake Oswego farmers market. All of this in one of the most sought-after neighborhoods in town!

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Listing content is copyright © 2026 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Keller Williams Realty Portland Central are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2026-07-16T05:01:32.56.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Keller Williams Realty Portland Central and should be independently verified.
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540 2ND St Lake Oswego, OR 97034

  • Price: $650,000
  • Status: Active
  • On Site: 83 Days
  • Updated: 104 min ago
  • MLS #: 294056099
2
Beds
2
Baths
1
½ Baths
N/A
Acres
1,647
SQFT
$395
$/SQFT
2005
Built
Neighborhood:
147-Lake Oswego/West Linn
County:
Clackamas
Area:
147-Lake Oswego/West Linn
Elementary School:
Forest Hills
Middle School:
Lake Oswego
High School:
Lake Oswego
Property Description
Rare opportunity in the highly desirable First Addition neighborhood! This unique property offers incredible flexibility, featuring a ground level with a separate entrance on the street that is zoned for commercial use—ideal for a professional office or retail space! Alternatively, it can easily function as a private living area with a full bath and laundry, perfect for a guest suite, mother-in-law quarters, home gym, or recreation space. The possibilities are truly endless.The main level features an inviting open-concept layout with a seamless flow between the living, dining, and kitchen areas. Recent kitchen updates include a new stove and dishwasher. Enjoy cozy evenings by the fireplace and tons of natural light. Upstairs, you’ll find two spacious bedrooms and a full bath, creating a functional and private retreat. Detached one-car garage, and enjoy outdoor seating in one of the community courtyards. The HOA covers water, sewer, trash, parking, and all exterior maintenance and common areas making for easy, low-maintenance living. Unbeatable walkability with shops and restaurants just around the corner and a short stroll to the Lake Oswego farmers market. All of this in one of the most sought-after neighborhoods in town!
Exterior Features

Architectural Style Townhouse Attached Garage YN No Condominium Deck Avail YN No Condominium Garage Type Deeded Condominium Yard YN No Exterior Description Shingle Siding Stucco Foundation Details Slab Garage Type Detached Lot Features Level Parking Features On Street Parking Total 1 Road Surface Type Concrete Paved Roof Composition Unit Location Ground Floor View YN No

Interior Features

Additional Room Description Office Additional Room Level Lower Appliances Builtin Oven Builtin Refrigerator Dishwasher Free Standing Range Granite Bathrooms Full Lower Level 1 Bathrooms Full Main Level 0 Bathrooms Full Upper Level 1 Bathrooms Partial Lower Level 0 Bathrooms Partial Main Level 1 Bathrooms Partial Upper Level 0 Condominium Elevator YN No Condominium Floor Plan Townhouse Condominium Washer Dryer Included In Unit Cooling Central Air Cooling YN Yes Dining Room Features Hardwood Floors Dining Room Level Main Fireplace Features Gas Fireplace YN Yes Fireplaces Total 1 Heating Forced Air Heating YN Yes Interior Features Hardwood Floors Laundry Wallto Wall Carpet Washer Dryer Kitchen Features Builtin Refrigerator Dishwasher Hardwood Floors Kitchen Features Cont Builtin Oven Granite Kitchen11 Level Main Living Room Features Fireplace Hardwood Floors Living Room Level Main Lower Level Area Total 519 Main Level Area Total 564 Primary Bedroom Features Cont Closet Wallto Wall Carpet Primary Bedroom Level Upper Second Bedroom Features Cont Closet Wallto Wall Carpet Second Bedroom Level Upper Upper Level Area Total 564

Property Features

Association Amenities All Landscaping Exterior Maintenance Sewer Trash Water Association Fee 666 Association Fee Frequency Monthly Association YN Yes Bank Owned YN No Condominium Concierge YN No Condominium Conversion YN No Condominium Parking Tandem YN No Farm YN No Fuel Description Gas Green Certification YN No Home Warranty YN No Hot Water Description Electricity IDXAddress Display YN Yes Internet Service Type Cable Listing Terms Cash Conventional New Construction YN No Property Attached YN No Property Condition Resale Property Sub Type Condominium Senior Community YN No Sewer Public Sewer Short Sale YN No Tax Annual Amount 7523.39 Tax Year 2025 Water Source Public Water

Listing provided courtesy of Cascade Hasson Sotheby's International Realty: .


Listing content is copyright © 2026 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Keller Williams Realty Portland Central are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2026-07-16T05:01:32.56.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Keller Williams Realty Portland Central and should be independently verified.
 
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Keller Williams Realty Portland Central
919 NE 19th Ave
Portland OR, 97220