FIRST ADDITION Homes under $900,000

Welcome to First Addition, a charming and vibrant subdivision nestled in the heart of Lake Oswego, Oregon. Known for its picturesque tree-lined streets and friendly community atmosphere, First Addition offers a delightful blend of suburban tranquility and urban convenience. This enchanting neighborhood is perfectly situated, providing residents with easy access to a variety of parks, shops, and dining options, making it an ideal place for families and professionals alike.

One of the standout features of First Addition is the impressive selection of homes available for under $900,000. Here, potential homeowners can explore an array of architectural styles, from classic craftsman bungalows to modern townhomes, all exuding character and charm. Many of these homes boast spacious layouts, beautifully landscaped yards, and proximity to top-rated schools, making them an excellent choice for families looking to settle down in a welcoming community.

The neighborhood is also renowned for its commitment to outdoor living, with nearby parks and the stunning Oswego Lake offering ample opportunities for recreation. Whether you enjoy hiking, biking, or simply strolling through the serene surroundings, First Addition provides a perfect backdrop for an active lifestyle.

With its unique blend of charm, accessibility, and affordability, First Addition in Lake Oswego is truly a hidden gem. Discover your dream home in this inviting subdivision and experience the best that Oregon living has to offer!

Newest FIRST ADDITION Homes under $900,000

$699,900

3 Beds ⋅ 2 Baths ⋅ 495387816 MLS

** Now 50% sold out! 4 out of 8 homes are pending! ** Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, small families, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. Each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets! For investment purposes....ACTUAL RENT ON ANOTHER HOME IN THE PROJECT IS $5,000/MO.

205 E AVE, Lake Oswego

$699,900

3 Beds ⋅ 2 Baths ⋅ 740627741 MLS

** Now 50% sold out! 4 out of 8 homes are pending! ** Don't miss your chance! CORNER LOT with the ability to fence both street facing sides! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, small families, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. Each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets! For investment purposes....ACTUAL RENT ON ANOTHER HOME IN THE PROJECT IS $5,000/MO.

815 3rd ST, Lake Oswego

$649,900

2 Beds ⋅ 2 Baths ⋅ 776248346 MLS

Open Sat 10:00-12:00. Introducing The Oswego Cottages in Lake Oswego’s sought-after Historic First Addition neighborhood ideally located just blocks from downtown Lake Oswego, Tryon Creek State Natural Area, local restaurants, grocery stores, the theater, library, coffee shops, and more. Beautifully designed featuring stylish kitchen with quartz countertops, stainless steel appliances, and a spacious island perfect for gatherings. Step outside to a private covered patio, ideal for year-round outdoor living and entertaining. Pictures are of similar unit.

311 E AVE Unit #7, Lake Oswego

$679,900

3 Beds ⋅ 2 Baths ⋅ 712181519 MLS

262 G AVE, Lake Oswego

$729,900

3 Beds ⋅ 2 Baths ⋅ 117977271 MLS

*** This is the model home *** If you've been waiting for these to hit rock bottom. Well, here it is. Now $200K below original list. THERE WILL NOT BE ANOTHER PRICE REDUCTION! Now 3 out of 8 are pending (see price list for pricing and availability). Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. Each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets! For investment purposes.... ACTUAL RENT ON ANOTHER HOME IN THE PROJECT IS $5,000/MO.

801 3rd ST, Lake Oswego

$449,000

2 Beds ⋅ 2 Baths ⋅ 380628087 MLS

Light-filled condominium offering 1,320 square feet of beautifully updated living space with views of Mt. Hood. This spacious 2-bedroom, 2-bath residence features oversized rooms, an open and airy floor plan, and extensive recent updates throughout.The remodeled kitchen features an elegant quartz countertop, and a fresh, contemporary design ideal for both everyday living and entertaining. New engineered hardwood flooring, all-new carpet, fresh interior paint, and updated lighting create a modern, move-in-ready environment.The generous living and dining areas are filled with natural light and perfectly positioned to capture spectacular Mt. Hood views. Large windows enhance the bright and welcoming atmosphere, while the oversized bedrooms provide exceptional comfort and flexibility. The spacious primary suite features ample closet space and an en-suite bath, creating a private retreat.A rare highlight is the expansive 8' x 25' private outdoor deck—an exceptional extension of the living space. Perfect for morning coffee, outdoor dining, entertaining guests, container gardening, or simply relaxing while enjoying the Mt. Hood views and beautiful sunrises.Additional conveniences include an in-unit washer and dryer, storage unit, and a thoughtfully designed floor plan that lives larger than its square footage allowing the next owner to simply move in and enjoy.Ideally located near shopping, dining, parks, and all that Lake Oswego has to offer, this beautifully refreshed home combines comfort, style, and convenience. Rarely do opportunities arise to own a condominium with this combination of size, updates, natural light, generous outdoor living space, and iconic Mt. Hood views, for this price.Move-in ready and meticulously updated, this is easy living at its finest.

750 1ST ST, Lake Oswego

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