540 2ND St, Lake Oswego, OR 97034

• 2 beds |
• 3 baths |
• 1,647 sqft

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!

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:

Riley Costello : 971-322-6205

MLS ID:

294056099

Interior

• General: Hardwood floorsLaundryWallto wall carpetWasher dryer
• Appliances: Builtin ovenBuiltin refrigeratorDishwasherFree standing rangeGranite
• A/C: Central air
• Heating: Forced air
• Fireplace: GasFireplaceFireplaces: 1

Exterior

• General: Shingle sidingStucco
• Style: Townhouse
• Parking: On streetParking spaces: 1

Construction

• Roofing: Composition
• General: Slab

Location

• Road/Access: ConcretePaved
• HOA Amenities: All landscapingExterior maintenanceSewerTrashWater666.0Monthly
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Clackamas

Lot

• Zoning: CONDOMINIUM STAFFORD COMMONS TOWNHOUSES 4069 UNIT 1305015608

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.