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651 5TH ST

Lake Oswego, OR 97034
Square Ft.
3,003
Active
Multifamily
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$1,350,000
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… Read MoreRead Less
Listing courtesy of Harnish Company Realtors.
Listing Snapshot
Days Online
0
Last Updated
Square Ft.
3,003
Year Built
1978
MLS Number
798915183
30 Days Snapshot Of 97034
$1.81M
+16%
(avg) sold price
19
-42%
homes sold
58
+23%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace
Building
Building Area Total: 3003, Built in 1978, Storage: Garage, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2
Cooling
Cooling: None
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense Scheduled: 8751, Operating Expense: $8,751
Exterior Features
Exterior Description: WoodSiding
Foundation
Foundation Details: ConcretePerimeter
Garage
Garage Spaces: 1
Heating
Heating: WallHeater
Income
CAP Rate: 4.24, Gross Income: $66,000, Gross Rent Multiplier: 20.45, Gross Scheduled Income: $66,000, Net Operating Income: $57,249, Net Scheduled Income: 57249
Lot
Features: Level, Size Range: SqFt5000to6999, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: Leases, ProfitLossStatement, RentRecords
Parking
Features: Carport, Driveway, 4 total parking spots
Property
Number Of Units Total: 2, Property Condition: UpdatedRemodeled, Zoning: R6
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $6,352, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $2,400, Area: 1226, Features: Dishwasher, Disposal, Range, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $3,100, Area: 1777, Features: Dishwasher, Disposal, Range, WasherDryer, Units Total: 1, 3 total bathrooms, 3 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Internet Service Type: Cable, Water Source: PublicWater
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Erika George and Kari McGee
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Schools In The Area

Check out nearby schools with ratings and contact info.
Forest Hills Elementary School 503-534-2350 Public KG-5
Lake Oswego Middle School 503-534-2335 Public 6-8
Lake Oswego High School 503-534-2313 Public 9-12
Forest Hills Elementary School 503-534-2350 Public KG-5
Forest Hills Elementary School 503-534-2350 Public KG-5
Lake Oswego Middle School 503-534-2335 Public 6-8
Lake Oswego High School 503-534-2313 Public 9-12

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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.