310 CERVANTES, Lake Oswego, OR 97035
310 CERVANTES, Lake Oswego, OR 97035
2
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Listed by Cascade Hasson Sotheby's International Realty
$1,100,000
Est. payment /mo
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4,838 SqFt
New

310 CERVANTES Lake Oswego, OR 97035

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Ben Nelson

Ben Nelson

+1(503) 476-1020

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,838 sqft

Price per Sqft $227

Subdivision Mountain Park

MLS Listing ID 243532421

HOA Y/N Yes

Year Built 1979

Annual Tax Amount $15,582

Tax Year 2025

Property Description

Positioned in the heart of Lake Oswego's sought-after Mountain Park community, this updated Cervantes fourplex presents a rare and compelling investment opportunity. Comprising four individual deeds with newly appealed property taxes, the property offers both immediate upside and long-term value. Three of the four units have been thoughtfully remodeled with modern finishes, hardwood floors, and updated kitchens, while the fourth features a stable long-term tenant. Recent exterior improvements include new Siding freshly painted, and new decks stained, enhancing both curb appeal and durability. Other recent improvements include installing new water heaters and cleaning the roof and gutters.Tucked into a quiet, tree-lined neighborhood, residents enjoy access to top-rated Lake Oswego schools, scenic parks, and miles of nearby trails, along with premier amenities at the Mountain Park Recreation Center—including a pool, fitness center, and tennis courts. Just minutes from Lake Oswego's vibrant downtown dining and shopping scene, this location consistently attracts high-quality tenants.Whether you are a seasoned investor seeking a stable, appreciating asset or exploring a house-hack opportunity in one of Oregon's most desirable communities, this fourplex delivers a unique blend of lifestyle appeal, strong rental potential, and enduring investment strength.

Location

State OR

County Multnomah

Area _147

Zoning R-0

Rooms

Basement Crawl Space, Other

Interior

Heating Forced Air

Cooling Central Air

Exterior

Garage Spaces 8.0

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Gentle Sloping, Sloped, Trees

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Markham

Middle Schools Jackson

High Schools Ida B Wells

Others

HOA Name Garage has 8 parking spaces: 3 bedroom units have single space and 3 bedrooms have tandem two parking spaces.Annual HOA fee is $2,449 - Bi-Annually paid 1/2 in January and July. This is included in the operating expenses.

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

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Ben Nelson

Ben Nelson

Broker & Team Lead | License ID: 200212150

+1(503) 476-1020

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310 CERVANTES