554 5th St, Lake Oswego, OR 97034
What's special
Welcome to this luxurious traditional townhome, ideally located within walking distance to shops, restaurants, and all the vibrant amenities of downtown Lake Oswego. Tucked quietly away, this custom Craftsman blends timeless character with thoughtful modern updates and exceptional livability. Upon entering, you’re greeted by an impressive great room featuring floor-to-ceiling windows, beautifully refinished hickory floors, soaring ceilings, a gas fireplace, and a gourmet kitchen complete with a spacious eat-in island. Designed for effortless entertaining, the main living space flows seamlessly to a private outdoor patio, creating an inviting extension of the home. The main level is completed by a spacious primary suite with its own private patio retreat. Upstairs, you’ll find two additional primary suites, a private balcony, and a generous family room highlighted by distinctive rounded ceilings. Low-maintenance living is enhanced by a detached garage conveniently accessed from the alleyway. From its custom craftsmanship and elegant finishes to its unbeatable First Addition location, this exceptional property truly shines!
- 2 days |
- 584 |
- 24 |
Likely to sell faster than
Travel times
Living Room
Family Room
Kitchen
Dining Room
Primary Bedroom
Primary Bathroom
Primary Closet
Balcony
Bedroom
Bedroom
Bathroom
Bathroom
Covered Patio
Zillow last checked:
Listing updated:
Brian Spear 503-515-9374,
Opt,
Brian Porter 503-810-2219,
Opt
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- Partial bathrooms: 1
- Main level bathrooms: 2
Rooms
- Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Patio, Ensuite, Walkin Closet
- Level: Upper
- Area: 192
- Dimensions: 16 x 12
Bedroom 2
- Features: Ensuite, Wallto Wall Carpet
- Level: Upper
- Area: 156
- Dimensions: 13 x 12
Bedroom 3
- Features: Patio, Ensuite, Walkin Closet
- Level: Main
- Area: 204
- Dimensions: 17 x 12
Dining room
- Features: High Ceilings
- Level: Main
- Area: 126
- Dimensions: 14 x 9
Family room
- Features: Vaulted Ceiling
- Level: Upper
- Area: 252
- Dimensions: 14 x 18
Kitchen
- Features: Dishwasher, Island, Builtin Oven, Free Standing Refrigerator, Solid Surface Countertop
- Level: Main
- Area: 126
- Width: 9
Living room
- Features: Fireplace
- Level: Main
- Area: 153
- Dimensions: 9 x 17
Heating
- Forced Air, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Built In Oven, Disposal, Free-Standing Refrigerator, Stainless Steel Appliance(s), Washer/Dryer, Dishwasher
- Laundry: Laundry Room
Features
- High Ceilings, Vaulted Ceiling(s), Walk-In Closet(s), Kitchen Island
- Flooring: Luxury Vinyl Plank, Wall to Wall Carpet
- Windows: Double Pane Windows, Vinyl Frames
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Off Street, Garage Door Opener, Detached
- Garage spaces: 1
Features
- Stories: 2
- Patio & porch: Patio
Lot
- Size: 3,049 Square Feet
- Dimensions: 25' x 120'
- Features: Level, SqFt 3000 to 4999
Details
- Parcel number: 00196852
Construction
Type & style
- Home type: Townhouse
- Architectural style: Craftsman
- Property subtype: Residential, Townhouse
- Attached to another structure: Yes
Materials
- Cedar, Lap Siding, Stone
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 2010
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Lake Oswego
Financial & listing details
- Price per square foot: $648/sqft
- Tax assessed value: $1,406,874
- Annual tax amount: $14,605
- Date on market: 9/15/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Listed for sale | $1,400,000+124%$648/sqft |
Source:  RMLS (OR) #365307446 Report a problem | ||
| 8/31/2011 | Sold | $625,000+40.4%$289/sqft |
Source: Public Record Report a problem | ||
| 1/19/2007 | Sold | $445,000$206/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,605 +2.7% | $762,207 +3% |
| 2024 | $14,216 +3% | $740,007 +3% |
| 2023 | $13,799 +3.1% | $718,454 +3% |
| 2022 | $13,389 +8.3% | $697,529 +3% |
| 2021 | $12,365 +2.6% | $677,213 +3% |
| 2020 | $12,054 +2.5% | $657,489 +3% |
| 2019 | $11,758 +5.2% | $638,339 +3% |
| 2018 | $11,181 | $619,747 +3% |
| 2017 | $11,181 +13.9% | $601,696 +3% |
| 2016 | $9,820 | $584,171 +3% |
| 2015 | $9,820 +3.5% | $567,156 +3% |
| 2014 | $9,488 +6.2% | $550,637 +3% |
| 2013 | $8,936 +2.7% | $534,599 +3% |
| 2012 | $8,699 +21.5% | $519,028 +22.9% |
| 2011 | $7,157 +946.2% | $422,214 +970.3% |
| 2010 | $684 -70.3% | $39,448 -69.8% |
| 2009 | $2,307 +6.7% | $130,494 +3% |
| 2008 | $2,162 +4.6% | $126,693 +3% |
| 2007 | $2,066 +4.3% | $123,003 +3% |
| 2006 | $1,981 +0.3% | $119,420 +3% |
| 2005 | $1,975 +4.1% | $115,942 +3% |
| 2004 | $1,898 +4.9% | $112,565 +3% |
| 2003 | $1,810 +4.4% | $109,286 +3% |
| 2002 | $1,733 +1.9% | $106,103 +3% |
| 2001 | $1,701 +10.5% | $103,013 +3% |
| 2000 | $1,540 | $100,013 |
Find assessor info on the county website
Monthly payment
Estimated market value
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Estimated sales range
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Climate risks
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