540 2nd St, Lake Oswego, OR 97034

Lake Oswego
Local realty services provided by:Knipe Realty ERA Powered
540 2nd St,Lakeoswego, OR 97034
$675,000
  • 2 Beds
  • 3 Baths
  • 1,647 sq. ft.
  • Condominium
  • Active
Listed by: riley costello, kevin costello
Office: cascade hasson sotheby's international realty503-420-8650
MLS#:294056099
Source:PORTLAND

Price summary

  • Price:$675,000
  • Price per sq. ft.:$409.84
  • Monthly HOA dues:$666

About this home

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...

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Home facts

  • Year built:2005
  • Listing ID #:294056099
  • Added:61 day(s) ago
  • Updated:June 24, 2026 at 11:19 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Kitchen Description:Built In Oven, Built In Refrigerator, Dishwasher, Free Standing Range, Granite
  • Living area:1,647 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:2005
  • Building area:1,647 sq. ft.
  • Lot Features:Level
  • Architectural Style:Townhouse
  • Foundation Description:Slab
  • Levels:3 Stories

Schools

  • High school:Lake Oswego
  • Middle school:Lake Oswego
  • Elementary school:Forest Hills

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$675,000
  • Price per sq. ft.:$409.84
  • Tax amount:$7,523 (2025)

Features and amenities

  • Laundry features:Washer/Dryer
  • Amenities:Hardwood Floors, Laundry, Wall To Wall Carpet

Parking

  • Total parking spaces:1
  • Parking description:On street
  • Garage spaces:1
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: June 24, 2026

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