An updated 4-plex in the heart of Lake Oswego. Includes units 304,306,308,310 Cervantes Cir. Each of the four units has been recently remodeled with modern finishes, hardwood floors, updated kitchens and baths, newer siding, and brand new decks. Nestled in a quiet, tree-lined neighborhood within the desirable Mountain Park community, residents enjoy access to top-rated Lake Oswego schools, scenic parks and trails, and the Mountain Park Recreation Center with its pool, fitness center, and tennis courts. Just minutes from Lake Oswego’s vibrant downtown dining and shopping, this property offers both lifestyle and investment appeal. Whether you’re a seasoned investor or possibility to house hack in one of Oregon’s most sought after locations, this 4-plex combines strong rental potential with lasting value.
Sold
$1,100,000
304 Cervantes, Lake Oswego, OR 97035
10beds
4,838sqft
Multi Family
Built in 1979
-- sqft lot
$1,117,500 Zestimate®
$227/sqft
$2,114 Estimated rent
Home value
$1,117,500
$1.01M - $1.23M
$2,114/mo
Zestimate® history
Owner options
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$2,114/mo
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$2,114/mo
Rent Zestimate®
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$5,530/mo
Est. payment
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$5,530/mo
Est. payment
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List your homeWhat's special
Quiet tree-lined neighborhoodNewer sidingBrand new decksHardwood floorsUpdated kitchens and baths
Zillow last checked:
Listing updated:
Listed by:
Phong Tran phong@tranpropertygroup.com,
Real Broker
Bought with:
Yvonne Blewett, 200510444
Cascade Hasson Sotheby's International Realty
Source: RMLS (OR),MLS#: 543241185
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Range, Refrigerator, Gas Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 4,838
- Total interior livable area: 4,838 sqft
Property
Parking
- Total spaces: 8
- Parking features: Attached, Garage
- Garage spaces: 4
Features
- Stories: 2
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 0.25 Acres
- Features: Gentle Sloping, Trees, SqFt 10000 to 14999
Details
- Additional parcels included: R132119,R132120
- Parcel number: R132118
- Zoning: RO
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Approximately
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Mountain Park
HOA
- Has HOA: Yes
Location
- Region: Lake Oswego
Financial & listing details
- Price per square foot: $227/sqft
- Tax assessed value: $305,750
- Annual tax amount: $16,297
- Date on market: 11/14/2025
- Cumulative days on market: 18 days
- Listing terms: Cash,Conventional
- Total actual rent: 7525
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2025 | Sold | $1,100,000$227/sqft |
Source:  RMLS (OR) #543241185 Report a problem | ||
| 12/3/2025 | Pending sale | $1,100,000$227/sqft |
Source: RMLS (OR) #543241185 Report a problem | ||
| 11/14/2025 | Listed for sale | $1,100,000+202.2%$227/sqft |
Source: RMLS (OR) #543241185 Report a problem | ||
| 7/22/1994 | Sold | $364,000$75/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,210 +3.7% | $186,540 +3% |
| 2024 | $4,058 +2.8% | $181,110 +3% |
| 2023 | $3,949 +3.3% | $175,840 +3% |
| 2022 | $3,822 +4.3% | $170,720 +3% |
| 2021 | $3,666 +6.3% | $165,750 +3% |
| 2020 | $3,449 +0.2% | $160,930 +3% |
| 2019 | $3,441 | $156,250 +3% |
| 2018 | $3,441 +3.2% | $151,700 +3% |
| 2017 | $3,333 +25.4% | $147,290 +3% |
| 2016 | $2,657 | $143,000 +3% |
| 2015 | $2,657 +7.5% | $138,840 +3% |
| 2014 | $2,471 +11% | $134,800 +5.7% |
| 2013 | $2,226 +3.3% | $127,540 -2.6% |
| 2012 | $2,156 +0.5% | $130,880 +3% |
| 2011 | $2,146 -4.4% | $127,070 +3% |
| 2010 | $2,245 -0.8% | $123,370 +3% |
| 2009 | $2,263 +3.6% | $119,780 +3% |
| 2008 | $2,183 +2.6% | $116,300 +3% |
| 2007 | $2,127 +12.1% | $112,920 +3% |
| 2006 | $1,897 +5.3% | $109,640 +3% |
| 2005 | $1,802 -9.6% | $106,450 +3% |
| 2004 | $1,994 +3.2% | $103,350 +3% |
| 2003 | $1,932 +4.3% | $100,340 +3% |
| 2002 | $1,852 +8.5% | $97,420 +6.1% |
| 2000 | $1,707 +4.3% | $91,840 +3% |
| 1999 | $1,636 | $89,170 |
Find assessor info on the county website
Neighborhood: Mountain Park
Nearby homes
- $362,000-- bd-- ba-- sqft304 Cervantes, Lake Oswego, OR 97035Off Market
- $--3 bd2 ba1.2k sqft304 Cervantes Cir #0, Lake Oswego, OR 97035Off Market
- $534,7003 bd2 ba1.2k sqft308 Cervantes, Lake Oswego, OR 97035Off Market
- $1,100,00010 bd8 ba4.8k sqft310 Cervantes, Lake Oswego, OR 97035Sold
- $500,6002 bd2 ba1.1k sqft306 Cervantes, Lake Oswego, OR 97035Off Market
- $296,2002 bd2 ba1.1k sqft302 Cervantes, Lake Oswego, OR 97035Off Market
- $334,2002 bd2 ba1.2k sqft300 Cervantes, Lake Oswego, OR 97035Off Market
- $220,0002 bd1 ba832 sqft370 Cervantes Cir #14-A, Lake Oswego, OR 97035Off Market
Nearby schools
GreatSchools rating
- 8/10Markham Elementary SchoolGrades: K-5Distance: 0.9 mi
- 8/10Jackson Middle SchoolGrades: 6-8Distance: 1.2 mi
- 8/10Ida B. Wells-Barnett High SchoolGrades: 9-12Distance: 3.4 mi
Schools provided by the listing agent
- Elementary: Markham
- Middle: Jackson
- High: Ida B Wells
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,117,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,117,500
- Oregon
- Multnomah County
- Lake Oswego
- 97035
- Mountain Park
- 304 Cervantes
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Nearby neighborhoods
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