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540 2nd St, Lake Oswego, OR 97034

$750,000

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Property Description

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!

540 2nd St | MLS# 294056099

This townhouse located at 540 2nd St, Lake Oswego, OR 97034 is currently listed for sale with an asking price of $750,000. This property was built in 2005 and has 2 bedrooms and 2 full and 1 partial baths with 1647 sq. ft. Search Lake Oswego real estate on suzanneadkins.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Townhouse
Cooling: Central Air
Fireplaces: 1
Fuel Type: Gas
Garage: 1
Heating: Forced Air
Home Style: Townhouse
Roof Type: Composition
Stories: 3.0
Taxes: $7,523
Year Built: 2005
Square Feet: 1,647

Feature Descriptions

Bathroom: 1.0 (Lower), 0.1 (Main), 1.0 (Upper)
Days on Site: 2
Exterior: Shingle Siding, Stucco
Fireplace: Gas
HOA Fee: Fee 1 - $666.00 (Monthly)
Hot Water: Electricity
Interior: Hardwood Floors, Laundry, Wall to Wall Carpet, Washer-Dryer
Kitchen: Built-in Oven, Built-in Refrigerator, Dishwasher, Free-Standing Range, Granite
Lot: Level
Parking Notes: Detached, OnStreet
Sewer: Public Sewer
Square Footage: 519 (Lower), 564 (Main), 564 (Upper)
Unit Location: GroundFloor
Water: Public Water

Room Sizes

Office: 15 X 21 Level - Lower
2nd Bedroom: 10 X 15 Level - Upper
Dining Room: 9 X 8 Level - Main
Kitchen: 8 X 10 Level - Main
Living Room: 13 X 18 Level - Main
Primary Bedroom: 10 X 13 Level - Upper

Local Schools

High School: Lake Oswego
Middle School: Lake Oswego
Elementary School: Forest Hills

Listed By / Shown By

Listed By

Agency Name: Cascade Hasson Sotheby's International Realty
Agency Phone: 503-420-8650

Shown By

Agent Name: Suzanne Adkins, Broker
Agent Phone: (541) 543-1319
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 4,638.07 per month $3,792.41 Principal & Interest $626.92 Property Tax $218.75 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/27/2026. The listing information on this page last changed on 04/27/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/27/2026 4:12:13 AM EST) or RMLS (last updated Sun 04/26/2026 1:50:19 AM EST) or COAR/MLSCO (last updated Mon 04/27/2026 1:31:20 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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 other brokerage firms 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.

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