FIRST ADDITION Homes under $700,000

Welcome to First Addition, a charming and vibrant subdivision nestled in the heart of Lake Oswego, Oregon. Known for its picturesque tree-lined streets and a strong sense of community, First Addition offers a delightful living experience that seamlessly blends suburban tranquility with urban convenience.

This enchanting neighborhood is characterized by its diverse array of homes, many of which boast unique architectural styles that reflect the rich history of the area. From cozy bungalows to modern townhomes, First Addition is the perfect place for families, young professionals, and retirees alike. And the best part? You can find beautiful homes here for under $700,000, making it an attractive option for those looking to invest in a thriving community without breaking the bank.

Residents of First Addition enjoy easy access to Lake Oswego’s top-rated schools, lush parks, and a vibrant downtown area filled with boutique shops, fine dining, and cultural attractions. The proximity to the scenic Lake Oswego adds to the neighborhood’s allure, offering opportunities for boating, fishing, and leisurely strolls along the waterfront.

With its welcoming atmosphere, excellent amenities, and a variety of homes to choose from, First Addition is more than just a place to live; it’s a place to thrive. Discover your dream home in this beautiful subdivision and experience the best of what Lake Oswego has to offer. Embrace the lifestyle you’ve always wanted in First Addition, where community charm meets modern living!

Newest FIRST ADDITION Homes under $700,000

$699,900

3 Beds ⋅ 2 Baths ⋅ 495387816 MLS

** Now 50% sold out! 4 out of 8 homes are pending! ** 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! For investment purposes....ACTUAL RENT ON ANOTHER HOME IN THE PROJECT IS $5,000/MO.

205 E AVE, Lake Oswego

$699,900

3 Beds ⋅ 2 Baths ⋅ 740627741 MLS

** Now 50% sold out! 4 out of 8 homes are pending! ** Don't miss your chance! CORNER LOT with the ability to fence both street facing sides! 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! For investment purposes....ACTUAL RENT ON ANOTHER HOME IN THE PROJECT IS $5,000/MO.

815 3rd ST, Lake Oswego

$649,900

2 Beds ⋅ 2 Baths ⋅ 776248346 MLS

Introducing The Oswego Cottages in Lake Oswego’s sought-after Historic First Addition neighborhood ideally located just blocks from downtown Lake Oswego, Tryon Creek State Natural Area, local restaurants, grocery stores, the theater, library, coffee shops, and more. Beautifully designed featuring stylish kitchen with quartz countertops, stainless steel appliances, and a spacious island perfect for gatherings. Step outside to a private covered patio, ideal for year-round outdoor living and entertaining. Pictures are of similar unit.

311 E AVE Unit #7, Lake Oswego

$679,900

3 Beds ⋅ 2 Baths ⋅ 712181519 MLS

262 G AVE, 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

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