Shawn Realty 503-515-44993,003 sq ft
651 5TH ST, Lake Oswego, OR 97034
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- Building Area
- 3,003 sq ft
- Price/Sq Ft
- $450/sq ft
- Year Built
- 1978
- Garage
- 1 space
- County
- Clackamas
- Annual Tax
- $6,352 (2025)
- Days on Market
- 14 days
- Open House
- None scheduled
Monthly payment
$9,041 per month
- Principal & interest$8,231
- Property taxes$529
- HOA dues$0
- Home insurance$281
- Utilities$0
10% down · 30-year fixed · 7.18% rate · 7.281% APR (est.)
Rate: Freddie Mac weekly average, as of 11/05/2026. Estimate by Shawn Realty, not RMLS data.
Estimate by Shawn Realty, not RMLS data.
- Interest rate: 7.18% (7.281% APR, estimated). Rate: Freddie Mac weekly average, as of 11/05/2026.
- Down payment: 10% ($135,000) on $1,350,000; loan $1,215,000
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $529/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA fee listed in RMLS)
- Home insurance: $281/mo (Shawn Realty assumption, 0.25% of price per year; not a quote)
- Est. APR assumes 1% of the loan amount in points and lender fees.
This is an estimate. Verify exact numbers with your lender.
Estimate only, not a loan offer or commitment. Principal, interest, est. property tax and HOA. Excludes homeowners insurance, mortgage insurance (PMI, typically required with under 20% down) and other costs. Actual rate, APR and payment depend on credit, lender and loan program. Talk to a licensed loan officer.
Description
Unique investment opportunity in the prestigious heart of Lake Oswego's First Addition! 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
| Property Type | Multi Family |
|---|---|
| Building Area (sq ft) | 3003 |
| Year Built | 1978 |
| Garage Spaces | 1 |
| County | Clackamas |
| Subdivision | FIRST ADDITION |
| Elementary School | Forest Hills |
| Middle School | Lake Oswego |
| High School | Lake Oswego |
| Heating | Wall Heater |
| Cooling | None |
| Basement | Crawl Space |
| Roof | Composition |
| View | No |
| Lot Features | Level |
| Parking | Carport, Driveway |
| Sewer | Public Sewer |
| Water | Public Water |
| Annual Taxes | $6,352 |
| Tax Year | 2025 |
| Original List Price | $1,350,000 |
| RMLS # | 798915183 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Kelly Fitzmaurice • Harnish Company Realtors
Contact: harnish@harnishproperties.com
Listing updated: Oct 28, 2026 at 12:18pm
Source: RMLS #798915183 
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 Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on 11/09/2026 17:45. 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, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
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