784 3RD St, Lake Oswego, OR 97034

• 5 beds |
• 5 baths |
• 4,752 sqft

Property Description

Tucked into the heart of First Addition, this custom-built home stands out with a rare combination of walkability, flexible living, and a dedicated studio space above the garage that opens the door for work, creativity, or guest use. Just blocks from Lake Oswego’s most sought-after restaurants, shops, and parks, this is the lifestyle buyers want. Park the car and enjoy everything LO has to offer. Inside, you’ll find over 4,700 square feet of well-designed living space with 5 bedrooms, multiple gathering areas, and a layout built for both entertaining and real life. Excellent sun exposure fills the home with natural light, while generous room sizes and clean flow create a warm, livable feel throughout. The kitchen anchors the home with high-end finishes, strong storage, and seamless connection to the main living spaces. It’s built for hosting and daily use. The detached garage with studio space above adds a level of flexibility that is hard to find in First Addition. Ideal for a home office, creative workspace, guest quarters, or private retreat. Upstairs, spacious bedrooms offer versatility for families, guests, or work-from-home setups. The full basement expands the lifestyle even further with a theater-style living room, bar area, and dedicated home gym space. It functions as a true extension of the home, built for entertaining, relaxing, and everyday use. Outside, the private yard is dialed in with turf for low maintenance living, backs to a rare paved alley, and benefits from strong sun exposure that enhances both the outdoor space and overall natural light inside the home. Location, functionality, and flexible bonus spaces make this a rare opportunity to own a substantial home in one of Lake Oswego’s most walkable neighborhoods. A strong value in First Addition. Experience it in person.

Listing Status:

Active

Date Added:

March 19, 2026

Data Last Updated:

April 30, 2026 at 6:41PM

Listing Office:

Real Broker : 855-450-0442

Listing Agent:

Matthew Tercek : 503-453-5815

MLS ID:

397293582

Interior

• General: Ceiling fanHigh ceilingsSeparate living quarters apartment aux living unitSoaking tubTile floorWainscotingWallto wall carpetWasher dryerWood floors
• Appliances: Builtin ovenBuiltin refrigeratorButlers pantryDishwasherDisposalFree standing gas rangeGraniteMicrowavePantry
• Basement: Finished
• A/C: Central air
• Heating: Forced air
• Fireplace: GasFireplaceFireplaces: 2

Exterior

• General: CedarFencedGuest quartersPatioPorchYard
• Style: Craftsman
• Parking: DrivewayOff streetParking spaces: 2

Construction

• Roofing: Composition
• Windows: DoublePaneWindowsVinylFrames
• General: Concrete perimeter

Location

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

Lot

• Zoning: 29 1ST ADD TO OSWEGO LT 2 BLK 1400194042
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.