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5335 SW Madrona St, Lake Oswego, OR 97035

$845,000

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Property Description

Rare Lake Oswego Investment Opportunity, Massive 150x130 Lot.Opportunities like this in the coveted Lake Forest neighborhood are few and far between! Situated on an expansive, beautifully treed 150x130 lot zoned R8.5, this true fixer-upper is a blank canvas boasting incredible infrastructure. The sprawling footprint features an attached salon space on one wing and a primary suite on the opposing side. Upstairs, an open room and bath are prime for a luxury owner's suite conversion. Out back, find a detached garage and an enclosed hot tub room awaiting your vision. Mechanicals & Infrastructure: Equipped for comfort and flexibility with a robust main HVAC system featuring a Heat Pump, Forced Air Gas air handler, and Central A/C. The property includes 3 gas water heaters and 2 separate gas meters (the rear meter conveniently serves the back bedroom and the spa/hot tub heating)-offering unique potential for dual living or a home business setup. Located in a gorgeous neighborhood of meandering streets zoned for premier Lake Oswego schools. Estate sale sold AS-IS. Seller states 4BD/4BA; tax records show 2BA. Seller believes the additional bathrooms were permitted, but as this is an estate, the state of permitting is unknown. Purchaser must confirm all square footage, permits, and uses to their own satisfaction.

5335 SW Madrona St | MLS# 209732349

This single family home located at 5335 SW Madrona St, Lake Oswego, OR 97035 is currently listed for sale with an asking price of $845,000. This property was built in 1936 and has 4 bedrooms and 3 full and 1 partial baths with 2299 sq. ft. Search Lake Oswego real estate on dianelozito.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: Crawl Space
Cooling: Central Air
Fuel Type: Gas
Garage: 1
Heating: Forced Air, Heat Pump
Home Style: 2 Story, Capecod
Lot Size: 0.40 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $6,384
Year Built: 1936
Square Feet: 2,299

Feature Descriptions

Accessibility: Main Floor Bedroom w-Bath, Minimal Steps
Bathroom: 2.1 (Main), 1.0 (Upper)
Exterior: Fire Pit
Exterior: Aluminum
Hot Water: Gas
Interior: Tile Floor, Wall to Wall Carpet
Lot: Level
Lot Dimensions: 150x130
Parking Notes: Detached, Driveway
Sewer: Septic Tank
Square Footage: 2299 (Main)
Water: Public Water

Local Schools

High School: Lake Oswego
Middle School: Lake Oswego
Elementary School: Lake Grove

Listed By / Shown By

Listed By

Agency Name: KJK Properties PC
Agency Contact: emaildocs@kjkproperties.com

Shown By

Agent Name: Diane Lozito Broker
Agent Phone: (541) 306-9646
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 5,051.24 per month $4,272.78 Principal & Interest $532.00 Property Tax $246.46 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/18/2026. The listing information on this page last changed on 05/18/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 05/18/2026 7:09:16 AM EST) or RMLS (last updated Sat 05/16/2026 1:50:22 AM EST) or COAR/MLSCO (last updated Mon 05/18/2026 1:31:20 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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