FIRST ADDITION, 1ST ADDITION Real Estate

Welcome to First Addition, a charming and picturesque subdivision nestled in the heart of Lake Oswego, Oregon. This delightful community, known for its serene atmosphere and tree-lined streets, offers a perfect blend of suburban tranquility and urban convenience. First Addition is a hidden gem within Clackamas County, where residents enjoy a close-knit neighborhood feel while being just moments away from the vibrant amenities of downtown Lake Oswego.

First Addition is characterized by its stunning homes, many of which boast classic architectural designs and well-manicured gardens. The area is known for its rich history, with houses that reflect the charm of yesteryear while incorporating modern comforts. Whether you’re seeking a cozy bungalow or a spacious family home, First Addition has something to suit every taste and lifestyle.

One of the highlights of this subdivision is its proximity to beautiful parks and recreational areas. Residents can enjoy leisurely strolls along the picturesque Willamette River or partake in various outdoor activities at nearby parks, such as George Rogers Park and Millennium Plaza Park. Families will appreciate the highly-rated schools in the area, making it an ideal place to raise children.

In addition to its natural beauty, First Addition offers easy access to a variety of shopping, dining, and entertainment options. Local boutiques, cafes, and restaurants line the streets, providing a vibrant community atmosphere. With its unique blend of charm, convenience, and community spirit, First Addition is not just a place to live; it’s a place to call home. Come discover the allure of First Addition in Lake Oswego, where your dream lifestyle awaits!

Newest Listings in FIRST ADDITION, 1ST ADDITION

$998,000

4 Beds ⋅ 2 Baths ⋅ 541093592 MLS

Incredible 4 Bedroom Home backs to Tryon Creek State Park. A welcoming new front porch provides a warm entry to this charming and distinctive home, ideally located in the highly sought-after First Addition neighborhood of Lake Oswego. The oversized living room is filled with natural light from an abundance of windows to view the lovely trees. A cozy fireplace serves as the focal point, making it the perfect place to relax and unwind. Two generously sized bedrooms feature beautiful hardwood floors and large windows that showcase lovely views of the surrounding wildlife. An updated main bathroom offers both modern comfort and style. The spacious kitchen opens to a large dining room featuring charming built-ins and expansive windows that frame stunning views of Tryon Creek State Park. Just inside the entry, a separate staircase leads to the upper level, where you'll find two versatile rooms that can serve as bedrooms, home offices, hobby rooms, or craft rooms. A comfortable sunroom provides additional living space, while the expansive deck is ideal for entertaining and enjoying the peaceful natural setting. Downstairs, a private office offers a quiet retreat for working from home. Nearby, an exceptionally finished bonus room provides flexibility and can be used as a media room, TV room, game room, or he/she retreat. The large laundry room offers abundant storage. A very dependable TRANE furnace keeps the home comfortable year-round. The basement has a new water heater & additional storage. A covered carport provides protection from the elements. When outside you are not only in a park-like setting, but your backyard welcomes you into the park. It bustles with life as birds of all kinds can be seen, and squirrels play and feed in the trees. Vibrant humming birds delight you, deer traverse the safe yard; a blue heron may seek food in the ever-flowing creek, where salmon and steelhead still spawn. Darkness brings out owls who may fascinate you with their calls.

23 E AVE, Lake Oswego

$924,900

2 Beds ⋅ 2 Baths ⋅ 515294060 MLS

Perfectly situated just a few blocks from the shores of Oswego Lake in the highly sought-after First Addition neighborhood, this pristine downtown Lake Oswego condominium offers the rare combination of luxury, simplicity, and true walkable lifestyle. Known for its vibrant sense of community, charming streets and rich culture including local theatre, arts, and year-round events, First Addition is one of Lake Oswego’s most beloved places to live. Lovingly maintained by its original owner and used only a few months out of the year to escape Southern summers, the home remains in remarkably like-new condition and has been virtually untouched since 2020. Inside, the thoughtfully designed 2 bedroom, 2 bath layout offers approximately 1,025 square feet of light-filled living space with an open flow ideal for both everyday comfort and effortless entertaining. The home is perfectly sized for an executive lifestyle, a lock-and-leave retreat, or anyone seeking the ease of low-maintenance living in one of Lake Oswego’s most desirable locations. Step outside and enjoy one of the most vibrant downtown districts in the region. From morning coffee to evening wine, some of downtown’s favorite destinations are just a short stroll away, including Baird’s on B, Salt & Straw, Bamboo Sushi, Holy Taco, Five Spice, and Domaine Serene’s tasting room. Residents enjoy the security and convenience of gated access, assigned parking space and additional storage. With Oswego Lake, parks, boutique shopping, restaurants, farmers markets, and cultural amenities just blocks away, this home offers the perfect blend of peaceful living and vibrant downtown energy. A rare opportunity to enjoy Lake Oswego living in a beautifully preserved home that truly feels like new.

535 2ND ST Unit #207, Lake Oswego

Start Your Search

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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.