816 5TH ST Lake Oswego, OR 97034

An exceptional opportunity to live in one of Lake Oswego's most sought-after neighborhoods. Nestled in the heart of the iconic First Addition, this charming home offers unbeatable access to shopping, dining, parks, trails, the elementary school, public library, farmers market, and more—all just minutes away. The home features a welcoming covered front porch and a spacious main level with high ceilings, a formal living and dining room, and a bright kitchen with a cozy eating nook. Two main-level bedrooms share a Jack and Jill bathroom, and there's also a dedicated home office for added functionality. Upstairs, you'll find a large vaulted non-conforming bedroom, a versatile bonus room, and a full bathroom with walk-in tile shower and skylight. A large unfinished basement includes laundry facilities and offers ample storage or potential for future expansion. Situated on a level 6,000-square-foot lot, the property also includes an oversized one-car garage with alley access. Whether you're looking to restore the home's original old-world charm, expand its footprint, or build new, the location and potential are truly unmatched.