310 CERVANTES, Lake Oswego, OR 97035

• 4,838 sqft

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.

Listing Status:

Active

Date Added:

April 23, 2026

Data Last Updated:

April 30, 2026 at 4:41PM

Listing Office:

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

Listing Agent:

Yvonne Blewett : 503-577-6262

MLS ID:

243532421

Interior

• Basement: Crawl spaceOther
• A/C: Central air
• Heating: Forced air

Exterior

• General: Wood siding
• Parking: AttachedGarageParking spaces: 10

Construction

• Roofing: Composition
• General: Concrete perimeter

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: R-0CHATEAU BLEU CONDOMINIUMLOT 304306308310R132121
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.