FIRST ADDITION Real Estate

Welcome to First Addition, a charming and picturesque subdivision nestled in the heart of Lake Oswego, Oregon. Known for its stunning natural beauty and vibrant community spirit, First Addition offers a unique blend of suburban tranquility and urban convenience.

This delightful neighborhood is characterized by its tree-lined streets, beautifully landscaped yards, and a rich tapestry of architectural styles that range from classic craftsman homes to modern builds. Residents here take pride in their community, often gathering in local parks or participating in neighborhood events, fostering a warm and welcoming atmosphere.

First Addition is ideally situated just a stone’s throw away from the serene shores of Oswego Lake, providing residents with ample opportunities for outdoor recreation. Whether you enjoy boating, fishing, or simply taking leisurely strolls along the waterfront, you’ll find that the beauty of nature is always within reach. The area is also home to several well-maintained parks, making it a perfect place for families and pet owners.

Convenience is key in First Addition, as you’ll find a variety of local shops, cafes, and restaurants just minutes away. The vibrant downtown Lake Oswego area is filled with unique boutiques and eateries, offering something for everyone. Additionally, First Addition boasts excellent schools and access to public transportation, making it an ideal choice for families and professionals alike.

Experience the charm of First Addition, where community, nature, and convenience come together to create a truly exceptional living experience in Lake Oswego, Oregon. Come explore your future home in this idyllic neighborhood!

Newest Listings in FIRST ADDITION

$699,900

3 Beds ⋅ 2 Baths ⋅ 712181519 MLS

Here's a massive opportunity in First Addition! HUGE PRICE IMPROVEMENTS MADE! Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, small families, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. Each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets!

262 G AVE, Lake Oswego

$799,900

3 Beds ⋅ 2 Baths ⋅ 117977271 MLS

THIS MODEL HOME NOW AVAILABLE AT $799,900. Here's a massive opportunity in First Addition! HUGE PRICE IMPROVEMENTS MADE! Don't miss your chance! Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, small families, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. Each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets!

801 3rd ST, Lake Oswego

$1,599,900

3 Beds ⋅ 3 Baths ⋅ 577727169 MLS

"The Skyview"! THIS IS THE END UNIT in a limited collection of 4 luxury residences in Lake Oswego’s iconic First Addition neighborhood. Featured in the 2025 Street of Dreams, these Scandinavian-inspired homes blend refined design with elevated urban living. Each home offers approximately 2,300 SF of living space, three bedrooms (including one on the main level), three full baths, and a spectacular 1,000 SF private ROOFTOP DECK with panoramic views of Mount Hood, the Cascade Mountains, and the twinkling lights of Lake Oswego and Willamette River. High-end finishes, custom cabinetry, and built-in appliances define the interiors, while two secure underground parking spaces with private access provide ultimate convenience. Just steps from downtown Lake Oswego’s acclaimed restaurants, boutiques, and the Farmers Market. The Skyview delivers an unmatched lifestyle of quality, comfort, and sophistication.

701 1st ST, Lake Oswego

$1,549,900

3 Beds ⋅ 3 Baths ⋅ 308201264 MLS

"The Skyview", a limited collection of 4 luxury residences in Lake Oswego’s iconic First Addition neighborhood. Featured in the 2025 Street of Dreams, these Scandinavian-inspired homes blend refined design with elevated urban living. Each home offers approximately 2,300 SF of living space, three bedrooms (including one on the main level), three full baths, and a spectacular 1,000 SF private ROOFTOP DECK with panoramic views of Mount Hood, the Cascade Mountains, and the twinkling lights of Lake Oswego and Willamette River. High-end finishes, custom cabinetry, and built-in appliances define the interiors, while two secure underground parking spaces with private access provide ultimate convenience. Just steps from downtown Lake Oswego’s acclaimed restaurants, boutiques, and the Farmers Market. The Skyview delivers an unmatched lifestyle of quality, comfort, and sophistication.

703 1st ST, Lake Oswego

$599,900

2 Beds ⋅ 2 Baths ⋅ 335778811 MLS

Here's a massive opportunity in First Addition! HUGE PRICE IMPROVEMENTS MADE! Don't miss your chance! Don't miss your chance! Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, small families, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. Each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets!

242 G AVE, Lake Oswego

$749,900

3 Beds ⋅ 2 Baths ⋅ 695064465 MLS

THIS MODEL HOME NOW AVAILABLE AT $749,900! Here's a massive opportunity in First Addition! HUGE PRICE IMPROVEMENTS MADE! Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, small families, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. Each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets!

247 E AVE, Lake Oswego

$5,999,900

381047376 MLS

Here's a massive investment opportunity in First Addition. Own an entire block of 8 DETACHED FEE SIMPLE HOMES! 3 Bed/2.1 Baths with about 1,500 SF each. First Addition has never seen anything like this before! Could buy in a package of 2 to 8 homes at $750,000 per home. Currently only 1 Home released for rent and rented at $5,100/mo. Stunning NW Modern design! Light and bright with lots of windows, open floor layout, SS appliances, quartz counters, upscale finishes, and designer colors. Builder warranty included! Don't miss this ultra rare opportunity to bolster your investment portfolio!

815 3rd ST, Lake Oswego

$449,000

2 Beds ⋅ 2 Baths ⋅ 380628087 MLS

Light-filled condominium offering 1,320 square feet of beautifully updated living space with views of Mt. Hood. This spacious 2-bedroom, 2-bath residence features oversized rooms, an open and airy floor plan, and extensive recent updates throughout.The remodeled kitchen features an elegant quartz countertop, and a fresh, contemporary design ideal for both everyday living and entertaining. New engineered hardwood flooring, all-new carpet, fresh interior paint, and updated lighting create a modern, move-in-ready environment.The generous living and dining areas are filled with natural light and perfectly positioned to capture spectacular Mt. Hood views. Large windows enhance the bright and welcoming atmosphere, while the oversized bedrooms provide exceptional comfort and flexibility. The spacious primary suite features ample closet space and an en-suite bath, creating a private retreat.A rare highlight is the expansive 8' x 25' private outdoor deck—an exceptional extension of the living space. Perfect for morning coffee, outdoor dining, entertaining guests, container gardening, or simply relaxing while enjoying the Mt. Hood views and beautiful sunrises.Additional conveniences include an in-unit washer and dryer, storage unit, and a thoughtfully designed floor plan that lives larger than its square footage allowing the next owner to simply move in and enjoy.Ideally located near shopping, dining, parks, and all that Lake Oswego has to offer, this beautifully refreshed home combines comfort, style, and convenience. Rarely do opportunities arise to own a condominium with this combination of size, updates, natural light, generous outdoor living space, and iconic Mt. Hood views, for this price.Move-in ready and meticulously updated, this is easy living at its finest.

750 1ST ST, Lake Oswego

$699,900

2 Beds ⋅ 2 Baths ⋅ 436777998 MLS

OPEN HOUSE 8/1/26 11:00 AM to 1:00 PM Reduced $25K. Now $699,900. Seller wants an offer! PARK YOUR CAR IN THE GARAGE AND BEGIN TO WALK...THE FARMERS MARKET IS JUST 4 BLOCKS AWAY. WALK, SHOP, AND BE HOME IN A FEW BLOCKS. We are the best priced 2 bedroom home in the desirable First Addition Lake Oswego, Oregon neighborhood. This townhome can service as your primary residence, weekend get away or an investment property. Again--NO HOA'S Located just a few blocks from the center of downtown in the sought-after Lake Oswego First Addition neighborhood. All that you could need is just blocks away. Shop local for all your home needs. The post office, restaurants, pharmacies, dentists and doctors are just blocks away. Enjoy stunning sunrises, vista views and the top half view of our iconic Mt. Hood. The location provides a quiet serene setting at the north end of the 6 unit building. It's ready for you to move right in and start living in the walkable neighborhood. The upper level has 2 bedrooms and 2 full bathrooms. The primary suite features a balcony showcasing our eastern views, full walk in shower bathroom, linen closet + double door closet. The main floor features hardwood floors, gas fireplace, balcony, living / dining room combo, kitchen, counter bar and 1/2 bath with your private balcony for your private outdoor comfort. A 1 car garage is attainable from the interior staircase with a utility sink, laundry and a additional 12 x 14 room for your extra living space. Approximately 1400 square feet. Live in and enjoy the most desirable neighborhood in Lake Oswego, Oregon. FIRST ADDITION! NO HOA'S

639 1ST ST, Lake Oswego

$2,099,000

3 Beds ⋅ 2 Baths ⋅ 168010689 MLS

Stunning new construction by a premier local builder, this light-filled residence is gracefully positioned on a coveted corner lot in First Addition, lending an exceptional sense of space and presence. Thoughtfully designed with refined finishes throughout, the home showcases an upgraded window package that bathes each room in natural light while elevating its architectural appeal.The gourmet kitchen is a true centerpiece, appointed with high-end stainless steel appliances, an expansive island with breakfast bar seating, and a generous walk-in pantry. A seamless great room layout features a statement fireplace and striking beamed ceilings, ideal for both elegant entertaining and relaxed everyday living. The luxurious primary suite offers a serene retreat, complete with radiant heated floors, a soaking tub, an oversized walk-in shower, and a deluxe walk-in closet. Two additional spacious bedrooms and a versatile bonus room provide flexibility for guests, work, or leisure. A well-appointed main-level laundry room includes a utility sink and custom built-ins for added convenience. Outdoors, a covered back patio creates a year-round haven with its own gas fireplace and overhead heaters. A two-car garage and extended driveway ensure ample parking. Ideally located just blocks from Tryon Creek State Natural Area, Forest Hills Elementary School, and the vibrant shops and dining of downtown, this exceptional home offers luxury living in one of the area’s most sought after neighborhoods.

891 8TH ST, Lake Oswego

$1,139,900

2 Beds ⋅ 2 Baths ⋅ 729159413 MLS

Perfectly positioned in the heart of downtown Lake Oswego, this beautiful 2 bed, 2 bath ground level condominium offers style, comfort, and effortless convenience. The space feels bright and open with high ceilings, expansive windows, and a refined corner location on the ground floor. This coveted garden level corner unit provides a peaceful connection to the outdoors and offers practical everyday advantages, including convenient access for those with small pets and an easy route in and out of the building. The kitchen is both functional and inviting, featuring stainless appliances and generous cabinetry that flows easily into the living and dining areas. The primary bedroom enjoys its own adjoining bath, creating a layout that offers both privacy and connection. Residents of this secure mid rise community appreciate gated parking, professional management, and the peaceful setting of just 30 homes. Built in 2007, the building offers the best of downtown living with the lake, parks, cafes, and the weekend farmers market, while still maintaining a quiet residential feel. This unit delivers the sophistication and simplicity that make Lake Oswego living so desirable.

527 2ND ST, Lake Oswego

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