FIRST ADDITION Homes for Sale

Welcome to First Addition, an enchanting subdivision nestled in the heart of Lake Oswego, Oregon. This charming neighborhood offers a perfect blend of suburban tranquility and vibrant community life, making it an ideal place for families, professionals, and retirees alike. Known for its picturesque tree-lined streets and well-maintained homes, First Addition exudes a warm and inviting atmosphere that captivates all who visit.

The homes for sale in First Addition showcase a variety of architectural styles, from classic craftsman bungalows to modern contemporary designs. Many of these properties feature spacious yards, perfect for outdoor gatherings or quiet evenings under the stars. With a range of sizes and layouts, there is something to suit every lifestyle and budget. The neighborhood is also known for its strong sense of community, where neighbors become friends and family gatherings are a common sight.

Living in First Addition means enjoying easy access to Lake Oswego’s top-rated schools, parks, and recreational facilities. Residents can explore the scenic walking trails, indulge in local dining options, or take a leisurely stroll around the beautiful Lake Oswego. The community is also conveniently located near major highways, providing quick access to downtown Portland and beyond.

If you’re looking for a place that combines charm, convenience, and a welcoming community, First Addition is the perfect choice. Explore the homes for sale today and discover the lifestyle that awaits you in this delightful Lake Oswego neighborhood!

Newest FIRST ADDITION Homes for Sale

$699,900

3 Beds ⋅ 2 Baths ⋅ 712181519 MLS

Here's a massive opportunity in First Addition! HUGE PRICE IMPROVEMENTS MADE! Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, small families, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. Each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets!

262 G AVE, Lake Oswego

$799,900

3 Beds ⋅ 2 Baths ⋅ 117977271 MLS

THIS MODEL HOME NOW AVAILABLE AT $799,900. Here's a massive opportunity in First Addition! HUGE PRICE IMPROVEMENTS MADE! Don't miss your chance! Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, small families, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. Each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets!

801 3rd ST, Lake Oswego

$599,900

2 Beds ⋅ 2 Baths ⋅ 335778811 MLS

Here's a massive opportunity in First Addition! HUGE PRICE IMPROVEMENTS MADE! Don't miss your chance! Don't miss your chance! Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, small families, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. Each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets!

242 G AVE, Lake Oswego

$749,900

3 Beds ⋅ 2 Baths ⋅ 695064465 MLS

THIS MODEL HOME NOW AVAILABLE AT $749,900! Here's a massive opportunity in First Addition! HUGE PRICE IMPROVEMENTS MADE! Don't miss your chance! Designed for true lock-and-go living, Koval Cottages offers something Lake Oswego has never seen before: new-construction, detached fee simple homes in First Addition at an attainable entry price point. Perfect for downsizers, first-time buyers, small families, seasonal residents, or anyone seeking low maintenance luxury in the city’s most charming neighborhood. Each home showcases exceptional finish work, modern contemporary design, and a refined attention to detail throughout. A rare and extraordinary opportunity to own a standalone home in the heart of First Addition. Enjoy effortless access to downtown Lake Oswego’s restaurants, boutique shopping, cafes, and one of the region’s best Saturday Markets!

247 E AVE, Lake Oswego

$2,099,000

3 Beds ⋅ 2 Baths ⋅ 168010689 MLS

Stunning new construction by a premier local builder, this light-filled residence is gracefully positioned on a coveted corner lot in First Addition, lending an exceptional sense of space and presence. Thoughtfully designed with refined finishes throughout, the home showcases an upgraded window package that bathes each room in natural light while elevating its architectural appeal.The gourmet kitchen is a true centerpiece, appointed with high-end stainless steel appliances, an expansive island with breakfast bar seating, and a generous walk-in pantry. A seamless great room layout features a statement fireplace and striking beamed ceilings, ideal for both elegant entertaining and relaxed everyday living. The luxurious primary suite offers a serene retreat, complete with radiant heated floors, a soaking tub, an oversized walk-in shower, and a deluxe walk-in closet. Two additional spacious bedrooms and a versatile bonus room provide flexibility for guests, work, or leisure. A well-appointed main-level laundry room includes a utility sink and custom built-ins for added convenience. Outdoors, a covered back patio creates a year-round haven with its own gas fireplace and overhead heaters. A two-car garage and extended driveway ensure ample parking. Ideally located just blocks from Tryon Creek State Natural Area, Forest Hills Elementary School, and the vibrant shops and dining of downtown, this exceptional home offers luxury living in one of the area’s most sought after neighborhoods.

891 8TH ST, Lake Oswego

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