Lake Oswego Homes under $400,000

Welcome to Lake Oswego, Oregon—a picturesque city that beautifully blends natural charm with urban sophistication. Nestled just south of Portland, Lake Oswego is renowned for its stunning waterfront views, lush parks, and vibrant community spirit. With its serene lake, scenic walking trails, and excellent schools, this city is not just a place to live; it’s a lifestyle to embrace.

For those seeking affordable housing options in this idyllic setting, you’ll be delighted to discover that Lake Oswego offers homes under $400,000. These properties present a fantastic opportunity for first-time buyers, young families, or anyone looking to invest in a community known for its quality of life. From cozy townhomes to charming bungalows, these homes provide the perfect canvas for creating your dream living space while being surrounded by the beauty of the Pacific Northwest.

Living in Lake Oswego means enjoying easy access to an array of amenities, including boutique shopping, gourmet dining, and local art galleries. The city’s commitment to maintaining its parks and recreational facilities ensures that residents can enjoy outdoor activities year-round, whether it’s kayaking on the lake or hiking through the nearby hills.

With a strong sense of community and a welcoming atmosphere, Lake Oswego is the perfect place to call home. Explore the available homes under $400,000 and discover how you can be a part of this vibrant city. Your dream home in Lake Oswego awaits!

Newest Lake Oswego Homes under $400,000

$165,000

1 Beds ⋅ 1 Baths ⋅ 157549901 MLS

Move-in ready low-maintenance living in the heart of Mountain Park! This one-bedroom condo pairs an open, functional layout with wall-to-wall windows that bring in abundant natural light and frame the surrounding greenery. The roomy kitchen features an large breakfast bar with plenty of room for meal prep, dining and entertaining. Entry is tile, with a large storage closet with room to stack or hang items. A majority of the living space features gorgeous hardwood floors. Step outside to your private covered patio and enjoy a peaceful setting tucked among the trees. Stacked washer and dryer are included for added convenience. One assigned parking space and no rental cap add flexibility for both owner-occupants and investors. Mountain Park residents enjoy access to an impressive collection of amenities, including indoor/outdoor pools, fitness facilities, tennis and pickleball courts, miles of walking trails, parks, playgrounds and community activities. Conveniently located near shopping, dining, downtown Lake Oswego and freeway access, this is an easy home base with recreation right outside your door. Newer windows and siding add for additional peace of mind.

100 KERR PKWY Unit #6, Lake Oswego

$200,000

1 Beds ⋅ 1 Baths ⋅ 304664424 MLS

Open house Sunday (10/4) 1-3pm Welcome to low-maintenance luxury in Lake Oswego! This meticulously updated 1-bedroom residence seamlessly combines upscale style with total convenience. Stepping inside, you’re greeted by contemporary cosmetic finishes throughout, including rich custom floors, elegant butcher block countertops, a custom tile backsplash, stainless steel appliances, and a beautifully appointed bathroom with tile flooring and accent wall. The spacious living area features a glass slider opening to a generous, private patio complete with an outdoor storage closet—perfect for seamless indoor-outdoor living. The primary suite serves as a serene retreat featuring a spacious walk-in closet. Large additional Storage space with laundry included, plus the rare added benefit of its own garage! Enjoy incredible resort-style living with HOA coverage including water, sewer, garbage, a private pool, clubhouse, and gym—plus full access to Mountain Park Recreation Center’s pool, spa, water slide, cardio/weight facilities, and fitness classes. Centrally located on the bus line with rapid access to PCC, OHSU, I-5, Downtown Portland, dining, and shopping!

142 OSWEGO SMT, Lake Oswego

45 EAGLE CREST DR Unit #501, Lake Oswego

$259,000

3 Beds ⋅ 2 Baths ⋅ 464132895 MLS

Discover top-floor living in this 1516 sq. ft. 3-bedroom, 2-bath condo, perfectly situated in the desirable Mt. Park community. Located in a secure 5-story building with elevator access, this home offers a spacious, light-filled layout with fresh paint and updated flooring and enclosed balconey. Enjoy access to community amenities, including an outdoor pool, plus membership to the renowned Mt. Park Recreation Center, featuring an indoor pool, fitness center, walking trails, and more. The building is currently undergoing an exterior renovation, further enhancing its appeal. This is an incredible opportunity to own in one of Lake Oswego’s most sought-after neighborhoods, with easy access to shopping, dining, and top-rated schools. Schedule your private showing today! Seller will consider lease to own option.

45 EAGLE CREST DR Unit #501, Lake Oswego

$350,000

3 Beds ⋅ 2 Baths ⋅ 591045527 MLS

Surrounded by mature trees, this 1,550-square-foot end-unit condo offers a sense of privacy along with seasonal West Hills views. The split-level layout places a vaulted living room, dining area and kitchen on the main level, with three bedrooms and two full baths upstairs. Sliding doors from both the living and dining areas open to the deck, extending the living space outdoors. A wood stove adds another focal point to the living room, while the kitchen features granite counters, an eating bar, double ovens, a glass cooktop and a new dishwasher. The primary bedroom includes an ensuite bath and walk-in closet. A heat pump and detached one-car garage add everyday convenience. Mountain Park Recreation Center membership is available for a separate optional fee, with access to indoor pools, fitness facilities, saunas and sports courts. Nearby destinations include New Seasons, Oswego Towne Square and the Lake Oswego Recreation & Aquatic Center, with downtown Lake Oswego’s shops, restaurants and Lake Theater & Cafe a short drive away.

48 EAGLE CREST DR Unit #1A, Lake Oswego

$210,000

1 Beds ⋅ 1 Baths ⋅ 691889271 MLS

Freshly updated and move-in ready 1-bedroom, 1-bath condo with assigned carport in Lake Oswego’s desirable Mt. Park area! Refreshed with new LVP flooring and interior paint. The living room features a slider to a private patio with additional storage closet. Primary bedroom offers a generous walk-in closet. All kitchen appliances included, and community laundry in building. On bus line, and conveniently located close to PCC, OHSU, I-5 and Downtown Portland, with shopping, restaurants and schools nearby. Community amenities include a pool and party room with kitchen, plus access to Mt. Park Recreation Center amenities, including pool, spa, water slide, weight and cardio rooms, and fitness classes. A great opportunity to enjoy low-maintenance living in a convenient Lake Oswego location!

13 OSWEGO SMT, Lake Oswego

$375,000

2 Beds ⋅ 2 Baths ⋅ 690548077 MLS

Enjoy the best of Lake Oswego living in this well-maintained 2-bed, 2.5-bath townhouse-style condo just off Carman Drive. The open-concept main level flows easily between living room, dining area, and kitchen, anchored by a cozy fireplace. The kitchen offers stainless steel appliances and an eat-up bar, ideal for casual meals or entertaining. A convenient half bath completes the main floor. Dont forget to enjoy your private patio with room for BBQ and those perfect summer evenings!Upstairs, both bedrooms are light and bright, with their own full bathrooms — great privacy for owners or guests. In-unit laundry and an attached garage add everyday convenience.Location is a standout: surrounded by wooded green space and steps from miles of walkable trails, it's perfect for morning runs, dog walks, or unwinding outdoors. Nearby shopping and everyday conveniences keep you close to it all while still feeling tucked away.A great blend of privacy, walkability, and easy living — this Lake Oswego condo is ready for you.

3926 CARMAN DR, Lake Oswego

$287,000

2 Beds ⋅ 1 Baths ⋅ 299861100 MLS

Light-filled top-floor end unit in Lake Oswego with $45K in recent upgrades! Located in the quiet pocket of Waluga, this 2-bed (one bedroom + Loft) condo offers a functional floor plan bathed in natural light with tree views. Open concept living with vaulted ceilings, a wood-burning fireplace, and a private deck that connects the space to the outdoors. Updated kitchen with all appliances included and in-unit laundry with washer/dryer. Includes 1 deeded covered parking space, EV charging, and plenty of guest parking. Enjoy resort-style HOA amenities: saltwater pool, hot tub, sauna, gym, and clubhouse. HOA dues also cover water, sewer, and trash. FHA-approved community with NO rental cap (no short-term rentals). Unbeatable Kruse Way corridor location just 3–5 minutes to I-5, Hwy 217, Trader Joe’s, Safeway, and Boones Ferry Rd dining. Love to walk for fitness or to unwind after work? Stroll right out your door to gorgeous green neighborhoods or take a 15 minute walk to Zupan’s, Grassa or CVS. Top-rated Lake Oswego schools (10/10 LO High). Low-maintenance living plus strong investment potential in one of the Portland metro’s most desirable markets!

4000 CARMAN DR Unit #G108, Lake Oswego

$325,000

3 Beds ⋅ 2 Baths ⋅ 688183481 MLS

Nestled in Lake Oswego's Mountain Park neighborhood, this spacious 3-bedroom, 2-bathroom, 1,623 sq ft corner-unit condo offers beauty & privacy in a classic Pacific Northwest setting. Surrounded by mature trees, the split-level layout perfectly balances open-concept common rooms with private bedrooms. The oversized living and dining areas flow into a light-filled solarium and an upgraded kitchen featuring ample cabinet & counter space with stainless appliances and new glass-top range and new sink. The primary suite includes an attached bath and walk-in closet. With walls of windows across the living spaces, the home provides lovely wooded views that make you feel like you are living in a tree house. Step through the sliding glass doors onto a spacious, newly refinished oversized deck to enjoy your morning coffee with beautiful seasonal views of the West Hills and Council Crest and lovely sunset colors. The property includes a detached one-car garage, an additional reserved parking space, and an HOA that covers water, garbage, recycling & exterior maintenance. Residents also have full access to the premier Mountain Park Rec Center’s indoor pools, fitness studios, saunas, and sports courts. Tucked away in nature, yet just minutes from New Seasons, Oswego Towne Square & the brand-new Lake Oswego Recreation & Aquatic Center. And the great shops, restaurants and pubs of downtown Lake Oswego are just 10 minutes away. Here you can enjoy dinner & a movie at the historic Lake Theater & Cafe or access Lake Oswego from the new paddle launch.

48 EAGLE CREST DR Unit #2E, Lake Oswego

$295,000

2 Beds ⋅ 1 Baths ⋅ 197774150 MLS

Easy, one-level living in Lake Oswego! Great opportunity with low HOA fees and low taxes in Lake Oswego School district. This ground-floor, two-bedroom condo offers a bright, inviting layout with thoughtful updates and peaceful green surroundings. The open living and dining space is filled with natural light and anchored by a cozy wood-burning fireplace, with a private patio just outside for morning coffee or fresh air. The updated kitchen features plenty of functionality and hidden storage. Both bedrooms are conveniently located on the main level, including a spacious primary with a walk-in closet, plus a lovely, updated hall bathroom with soaking tub. In-unit laundry is tucked near the kitchen and entry for everyday convenience. A detached garage is located just around the corner from the front door at the end of the driveway, making parking and storage easy. Enjoy reasonable HOA dues with a seasonal outdoor pool, expansive common green spaces and a walking loop throughout the community. Investors take note: rentals are allowed, offering flexibility now or down the road. Add in low Washington County property taxes and access to highly rated Lake Oswego schools, and this is a compelling opportunity for both homeowners and investors. Conveniently located near Bridgeport Village, downtown Lake Grove and Lake Oswego with shopping, dining, parks and everyday essentials close by. Easy living in an easy-to-love location! Eligible for lender credits - ask your agent for more info.

6928 SW MONTAUK CIR, Lake Oswego

$219,000

1 Beds ⋅ 1 Baths ⋅ 178109380 MLS

Welcome home to this delightful one-bedroom, one-bath condominium that perfectly blends comfort with convenience. Perched on the upper level with no neighbors above, this residence offers lovely territorial views and a private patio - ideal for morning coffee or evening relaxation. Inside, you'll find modern touches throughout, including sleek solid surface countertops, stainless steel appliances, and easy-care vinyl plank flooring. Best of all, the unit is partially furnished with furniture included - just move in and enjoy! Additional highlights include outdoor storage space, a private condo pool, and access to the sought-after Mountain Park Recreation Center, offering even more amenities for an active lifestyle. Water heater replaced in 2024, patio deck and drainage re-built and waterproofed in 2025, HOA special assesment for cold weather upgrades have been paid. Seller open to buyer concessions. Don't miss this turnkey opportunity - schedule your showing today!

44 EAGLE CREST DR Unit #38, Lake Oswego

$349,000

2 Beds ⋅ 2 Baths ⋅ 613424806 MLS

Discover effortless one level living in a beautiful Lake Oswego setting, just steps from the Willamette River. Thoughtfully refreshed and move in ready, this inviting 2 bedroom condo features all new flooring and interior paint in 2026, an updated primary bath, and three new high end sliding glass doors that fill the home with natural light and connect indoor and outdoor living. A spacious patio stretches across the living area and both bedrooms, with walk out access from each.A deeded covered parking space in the secure, gated lot offers the convenience of no stairs between parking and the condo entrance, while deeded private storage provides valuable extra space.Set within a wonderfully maintained and well managed community, residents enjoy two swimming pools, a fitness center, secure bike storage, a meeting room, EV charging and dog friendly green spaces. HOA dues include water, sewer, trash, common insurance and exterior maintenance. Seller reports healthy reserves with no planned dues increase for the coming year.Step outside and follow the scenic trail to George Rogers Park and the Willamette riverfront, with miles of walking and biking trails to explore. Foothills Park and Mary S. Young Park are nearby, while downtown Lake Oswego is just minutes away for dining, coffee, boutiques, Millennium Plaza Park and the beloved Farmers' Market. Whole Foods and everyday conveniences are close by as well. Beautifully updated, easy to live in, and wonderfully connected to everything that makes Lake Oswego special, this hidden gem offers an exceptional combination of comfort, convenience and riverside living.

16250 PACIFIC HWY Unit #45, Lake Oswego

$189,000

1 Beds ⋅ 1 Baths ⋅ 543371275 MLS

Open house 10:30am-12:30pm 9/20. Amazing value in Lake Oswego! Seller has invested over $50,000 in recent upgrades to this charming 1-bedroom home in the desirable Westlake/Oak Creek area. It has newer furnace, water heater, plumbing, appliances, floors, cabinets doors, granite countertops, light fixtures and more! The inviting living room features dramatic vaulted ceilings, a cozy wood-burning fireplace, and vinyl plank flooring throughout. A sliding glass door opens to an oversized private balcony, perfect for relaxing or entertaining. All appliances are included for easy move-in. Conveniently located with quick access to I-5, shopping, dining, downtown Lake Oswego, and the popular Westlake area. Walk to the best Oak Creek elementary school! A fantastic opportunity to enjoy the Lake Oswego lifestyle at an exceptional value!

84 GALEN ST, Lake Oswego

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