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$1,100,000
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Property Description
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.
Full Property Details
Full Property Details for 310 Cervantes
General
- Sold For: $1,100,000
- Taxes: $15,582 (2025)
- Status: Sold
- Type: Multi-Family
- Source: RWMLS
- MLS ID: 243532421
- Added to Site: 53 day(s) ago
Rental Information
- Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Parking
- Garage: Yes
- Total Spaces: 10
- Parking Features: Attached, Garage
Location
- County: Multnomah
- Subdivision: Mountain Park
- Driving Directions: Mountain Park - Jefferson Pkwy to Cervantes
School Information
- Midd School District: Jackson
- Elementary School: Markham
- Middle School: Jackson
- High School: Ida B Wells
Community
- Community Name: 147 - Lake Oswego, West Linn
- Association: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Electricity, Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Basement Desc.: Crawl Space, Other
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 4,838
- Year Built: 1979
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size: 10, 000 to 14, 999 SqFt
- Frontage: Paved
- Lot Features: Gentle Sloping, Sloped, Trees
Financial Considerations
- Operating Expenses: $34,873
- Tax Amount: $15,582.24
- Tax Year: 2025
- Terms: Cash, Conventional, Other
Disclosures and Reports
- Disclosures/Reports: Exempt
- Property ID: R132121
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Schools
Schools serving 310 Cervantes
School District:Portland School District 1j
| Name | Grades | Distance |
|---|---|---|
Markham Elementary School 10531 Southwest Capitol Highway, Portland, OR 97219 | K-5 | 1 mi |
Jackson Middle School 10625 Southwest 35th Avenue, Portland, OR 97219 | 6-8 | 1.1 mi |
Ida B. Wells-Barnett High School 1151 Southwest Vermont Street, Portland, OR 97219 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 310 Cervantes
Date
Details
Price
Change
Source
5/20/2026
Sold
$1,100,000
—
MLS
4/23/2026
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
310 Cervantes, Lake Oswego, OR 97035 (MLS# 243532421) is a Multi-Family property that was sold at $1,100,000 on May 20, 2026. This property was sold by Dorian Franco from our Lake Oswego Office.Want to learn more about 310 Cervantes? Do you have questions about finding other Multi-Family real estate for sale in Mountain Park? You can browse all Mountain Park real estate or contact a Coldwell Banker agent to request more information.


