540 2nd St Lake Oswego, OR 97034
Evergreen NeighborhoodEstimated payment $5,021/month
Highlights
- Popular Property
- Built-In Refrigerator
- Granite Countertops
- Forest Hills Elementary School Rated A
- Wood Flooring
- 3-minute walk to Rossman Park
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 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!
Listing Agent
Cascade Hasson Sotheby's International Realty License #201243792 Listed on: 04/23/2026
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $7,523
Year Built
- Built in 2005
HOA Fees
- $666 Monthly HOA Fees
Parking
- 1 Car Detached Garage
- On-Street Parking
- Deeded Parking
Home Design
- Slab Foundation
- Composition Roof
- Shingle Siding
- Stucco Exterior
Interior Spaces
- 1,647 Sq Ft Home
- 3-Story Property
- Gas Fireplace
- Family Room
- Living Room
- Dining Room
- Home Office
Kitchen
- Built-In Oven
- Free-Standing Range
- Built-In Refrigerator
- Dishwasher
- Granite Countertops
Flooring
- Wood
- Wall to Wall Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Laundry Room
- Washer and Dryer
Schools
- Forest Hills Elementary School
- Lake Oswego Middle School
- Lake Oswego High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Electric Water Heater
- Municipal Trash
- High Speed Internet
Additional Features
- Landscaped
- Ground Level
Community Details
- 24 Units
- On-Site Maintenance
Listing and Financial Details
- Assessor Parcel Number 05015608
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,523 | $392,618 | -- | -- |
| 2024 | $7,323 | $381,183 | -- | -- |
| 2023 | $7,323 | $370,081 | $0 | $0 |
| 2022 | $6,897 | $359,302 | $0 | $0 |
| 2021 | $6,369 | $348,837 | $0 | $0 |
| 2020 | $6,209 | $338,677 | $0 | $0 |
| 2019 | $6,057 | $328,813 | $0 | $0 |
| 2018 | $5,759 | $319,236 | $0 | $0 |
| 2017 | $5,557 | $309,938 | $0 | $0 |
| 2016 | $5,059 | $300,911 | $0 | $0 |
| 2015 | $4,887 | $292,147 | $0 | $0 |
| 2014 | $4,682 | $283,638 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/19/2026 05/19/26 | Price Changed | $699,000 | -3.6% | $424 / Sq Ft |
| 05/07/2026 05/07/26 | Price Changed | $725,000 | -3.3% | $440 / Sq Ft |
| 04/23/2026 04/23/26 | For Sale | $750,000 | -- | $455 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $340,000 | Fidelity Natl Title Co Of Or | |
| Warranty Deed | $375,500 | Pacific Northwest Title Of O |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 294056099
APN: 05015608
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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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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