Lake Oswego
First Addition
Walkable heritage grid where downtown is a two-minute stroll.
On the map
Boundary is approximate — refined per neighborhood over time.
Pacific Relocation's take
Our first answer for buyers who want Lake Oswego without a car for errands.
First Addition is the rare Lake Oswego address where you can actually live on foot — the lettered-and-numbered grid was platted as a company town, and downtown, the farmers' market, and three top schools are all inside a flat ten-minute walk. We steer families here who want the district's schools but bristle at the suburb's usual driveway-to-driveway routine. Inventory is overwhelmingly owner-occupied period homes, so true rentals are scarce and turn over fast; when one appears it's usually the upper floor of a remodeled craftsman or a small newer condo. The trade-off is size — lots are tight and yards are modest, so clients who need a big fenced yard for dogs or kids often end up looking south in Lake Grove instead. We pre-place spring-relocating families by February because the walkable inventory is the first to vanish before the August move wave.
Lifestyle figures
Best of First Addition for you
Walkable / key streets
- A Avenue Downtown Corridor0.3 km
First Addition's front door — shops, restaurants, and the farmers' market all reachable on foot from the grid.
- Millennium Plaza Park0.5 km
Lakewood Bay overlook with a pergola and reflecting pond that hosts the Saturday Lake Oswego Farmers' Market.
Cafés
- La Provence Boulangerie & Patisserie0.4 km
French bakery-cafe for morning pastries and lunch a short walk off the downtown grid.
Directions ↗Pinned on map
Family-friendly
- Lake Oswego High School1.4 km
Top-rated comprehensive high school anchoring the north-side attendance area.
Directions ↗Pinned on map - Forest Hills Elementary School0.9 km
Highly rated neighborhood elementary within walking distance of much of First Addition.
Directions ↗Pinned on map
To buy (USD)
| Type | Low | Median | High |
|---|---|---|---|
| 1 BR | 340,000 | 415,000 | 530,000 |
| 2 BR | 425,000 | 520,000 | 665,000 |
| 3 BR | 560,000 | 680,000 | 870,000 |
Estimated from local rents — placeholder, pending verified sale data.
Rent ranges (USD)
| Type | Low | Median | High | Δ 12mo |
|---|---|---|---|---|
| 1 BR | 1,700 | 1,925 | 2,250 | ↓ 2.0% |
| 2 BR | 2,100 | 2,400 | 2,900 | ↓ 2.5% |
| 3 BR | 2,750 | 3,150 | 3,900 | ↓ 2.0% |
Source: Rentals.ca + Zumper Q1 2026, refreshed weekly via our rent worker.
Our advice
Before you sign a lease
- Many rentals are the upper unit of an owner-occupied home — confirm separate entrances, laundry access, and whether utilities are split or shared before signing
- On-street parking on the numbered streets fills during farmers'-market season; verify a deeded or off-street space in writing
- Older homes here predate modern insulation — ask for a winter heating-cost history, as charming single-pane character homes run cold and expensive
Pacific Relocation
Want our help finding a place here?
Book a free 30-min Discovery Call with Pacific Relocation.
Last reviewed 2026-06-11.