$1100000
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10 Bed
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8 Bath
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4838 SqFt
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2 DOM
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Built: 1979
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Status: Active
Love this home?
Positioned in the heart of Lake Oswego's sought-after Mountain Park community, this updated Cervantes fourplex presents a rare and compelling investment opportunity. Comprising four individual deeds with newly appealed property taxes, the property offers both immediate upside and long-term value. Three of the four units have been thoughtfully remodeled with modern finishes, hardwood floors, and updated kitchens, while the fourth features a stable long-term tenant. Recent exterior improvements include new Siding freshly painted, and new decks stained, enhancing both curb appeal and durability. Other recent improvements include installing new water heaters and cleaning the roof and gutters.Tucked into a quiet, tree-lined neighborhood, residents enjoy access to top-rated Lake Oswego schools, scenic parks, and miles of nearby trails, along with premier amenities at the Mountain Park Recreation Center—including a pool, fitness center, and tennis courts. Just minutes from Lake Oswego's vibrant downtown dining and shopping scene, this location consistently attracts high-quality tenants.Whether you are a seasoned investor seeking a stable, appreciating asset or exploring a house-hack opportunity in one of Oregon's most desirable communities, this fourplex delivers a unique blend of lifestyle appeal, strong rental potential, and enduring investment strength.
Listing Provided Courtesy of Yvonne Blewett, Cascade Hasson Sotheby's International Realty
General Information
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243532421
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2 DOM
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10
-
-
8
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4838
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1979
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R-0
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Multnomah
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R132121
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Markham
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Jackson
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Ida B Wells
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MultiFamily
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CHATEAU BLEU CONDOMINIUM, LOT 304, 306, 308, 310
Listing Provided Courtesy of Yvonne Blewett, Cascade Hasson Sotheby's International Realty
PDXA1 Realty Group data last checked: Apr 25, 2026 03:29 | Listing last modified Apr 23, 2026 06:11,
Source:
Residence Information
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-
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4838
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-
-
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10
-
-
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8
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Composition
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8,
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Attached,Garage
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2
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1979
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No
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WoodSiding
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CrawlSpace,Other
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-
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CrawlSpace,Other
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ConcretePerimeter
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Features and Utilities
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-
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-
-
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CentralAir
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Electricity, Gas
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ForcedAir
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PublicSewer
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Electricity, Gas
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Electricity, Gas
Financial
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15582.24
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MaintenanceGrounds,Sewer,TrashCollection,Water
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-
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Cash,Conventional,Other
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04-23-2026
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No
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No
Comparable Information
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2
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2
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Cash,Conventional,Other
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$1,100,000
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$1,100,000
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Apr 23, 2026 06:11
Schools
Map
Listing courtesy of Cascade Hasson Sotheby's International Realty.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Apr 25, 2026 03:29 | Listing last modified Apr 23, 2026 06:11.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
— Ramren Garajan
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