Location, light, and thoughtful updates come together beautifully at 344 4th St in Lake Oswego. Situated in the charming Evergreen neighborhood just two blocks from downtown, this updated townhome offers the rare combination of walkability, privacy, and flexible living spaces in one of the city’s most sought-after areas.

With approximately 1,731 square feet, two en-suite bedrooms, and an open main level filled with natural light, this home lives larger than many townhomes and offers an ideal layout for both everyday living and entertaining.

From here, you can stroll to the Lake Oswego Farmers Market, downtown restaurants, boutique shopping, coffee shops, parks, and the lake itself, making this location one of the most convenient and desirable in the city.

A Light-Filled Main Level Designed for Comfort

Step inside and you’re immediately greeted by soaring ceilings and an abundance of natural light. The living room opens into a stunning dining area where cathedral ceilings and skylights create an airy architectural focal point that fills the home with sunlight throughout the day.

The main level has been thoughtfully updated and features:

• Remodeled kitchen
• Updated powder room
• Custom built-ins in the family room
• Custom interior shutters
• Comfortable open-concept living spaces

Whether hosting friends for dinner or enjoying a quiet evening at home, the layout feels both welcoming and functional.

Two En-Suite Bedrooms Connected by a Dramatic Catwalk

Upstairs, the home offers a layout that balances privacy with architectural interest.

Two spacious en-suite bedrooms sit on opposite ends of the upper level, connected by a striking catwalk that overlooks the living areas below.

The primary suite at the front of the home includes a walk-in closet and a peaceful retreat from the main living spaces.

At the rear of the home, the second en-suite bedroom features its own private deck, creating a secluded outdoor escape that feels tucked away despite being moments from downtown.

Between the two bedrooms, a lofted bonus area provides the perfect spot for a home office, reading nook, or creative workspace.

Outdoor Spaces That Expand Everyday Living

Outdoor living is seamlessly integrated into the home’s design.

The recently remodeled front patio offers a private setting for entertaining, morning coffee, or evening relaxation.

The private deck off the rear en-suite bedroom provides a quiet retreat surrounded by mature greenery, adding another layer of peaceful outdoor living.

A Rare Two-Car Garage with Alley Access

One of the most unique and valuable features of this community is the attached two-car garage accessed from the rear alley.

This layout offers:

• Two-car garage parking
• Driveway parking behind the garage
• Additional street parking nearby

In a walkable downtown location, this type of parking flexibility is exceptionally rare.

Recent Community Improvements

The HOA has recently completed extensive exterior improvements throughout the community, including:

• New roofs
• New siding
• New windows
• Updated rear decks

These updates provide both visual appeal and long-term peace of mind for homeowners.

Why People Love the Evergreen Neighborhood in downtown Lake Oswego

One of the most appealing aspects of 344 4th St is its location within Lake Oswego’s Evergreen neighborhood—a charming pocket of homes that sits just steps from the energy of downtown while maintaining a quiet residential feel.

Evergreen is known for its tree-lined streets, walkable blocks, and proximity to some of Lake Oswego’s most loved destinations. Residents can easily enjoy the vibrant downtown lifestyle while returning home to a peaceful neighborhood setting.

From here, daily errands and weekend outings are incredibly convenient. Just a short walk away you’ll find:

• Lake Oswego Farmers Market – a beloved Saturday tradition featuring local farms, artisan foods, and live music
• Millennium Plaza Park – a waterfront gathering place for concerts, festivals, and community events
• Downtown Lake Oswego restaurants and cafés – everything from casual brunch spots to elevated dining
• Boutique shopping and local businesses that give downtown its distinct character
• Nearby parks and lake access that make it easy to enjoy the outdoors year-round

For buyers seeking walkability, community atmosphere, and proximity to Lake Oswego’s vibrant downtown, Evergreen offers an exceptional lifestyle that’s hard to replicate elsewhere in the Portland metro area.

Homes in this location are especially desirable because they allow residents to enjoy both the charm of a neighborhood setting and the convenience of living just moments from the heart of the city.

Property Highlights

2 Bedrooms
2.5 Bathrooms
Approx. 1,731 Sq Ft
Two En-Suite Bedrooms
Loft / Office Space
Cathedral Ceilings + Skylights
Private Patio + Deck
Attached Two-Car Garage
Blocks to Downtown Lake Oswego

3D Tour: Matterport Tour

Additional: Clickthrough Tour

Thinking About Buying or Selling in Lake Oswego?

If you’re considering buying or selling a home in Lake Oswego, I’d love to help you navigate the process with thoughtful strategy and local expertise.

Lake Oswego’s housing market continues to evolve, and having a guide who understands the nuances of each neighborhood can make all the difference.

Reach out anytime to start the conversation.

— Julia Monaghan
Monaghan Real Estate Group