5017 SE Aldercrest Rd, Milwaukie, OR 97222

$900,000

7

Beds

5

Baths

1.48 ac

Property Size

1940

Year Built

About The Property

Some homes have a story to tell. Beyond the winding driveway, this 1.48-acre creekside property unfolds like a storybook, with mature trees, peaceful views, and a sense of privacy that feels worlds away from the city. The thoughtfully updated 1940 home blends vintage soul with modern ease. Expanded with a second story, the main home offers 4 bedrooms, 3 full baths, a striking floating staircase, a cozy gas fireplace, exposed wood beam, beautifully renovated kitchen and bathrooms, dual laundry hookups, and a large basement ready for your vision. Gather under the covered patio, and let the outdoor fireplace carry the party into fall, surrounded by extensive garden beds that invite new stories to take root. The long driveway not only provides ample parking for RVs and recreational vehicles, but is also striped with pickleball court lines for a fun and unexpected recreational space. A separate detached ADU offers 3 bedrooms, 2 full baths, and a spacious deck—perfect for multigenerational living, visiting guests, or rental income. All this, just minutes from Downtown Milwaukie and Sellwood. Rarely does a property offer this much character, flexibility, and room to grow.

ARCHITECTURE

Architecture Style: Tri-Level
Stories: 3
Condition: Resale
Year Built: 1940
Roof Type: Composition, Flat, Membrane
Foundation Details: Concrete Perimeter
Basement Details: Full Basement, Separate Living Quarters/Apartment, Unfinished

INTERIOR FEATURES

Heating Type: Forced Air, Heat Pump
Fuel Type: Electricity, Gas
Interior SqFt: 3465
Number of Fireplaces: 2
Fireplace Fuel: Gas

EXTERIOR FEATURES

Lot Features: Gentle Sloping, Private, Wooded
Lot size (Acres): 1.48
Zoning: R10
Water Source: Public Water
Waterfront Features: Creek
Sewer: Public Sewer

SCHOOLS

Elementary: Oak Grove
High School: Putnam
Middle: Alder Creek

TAX & FINANCIAL

Annual Tax: $11143.95
Terms Considered: Cash, Conventional, FHA
Tax Year: 2025

LISTING INFO

Listing courtesy of Opt | 503-572-7491
Days On Market: 31

Map Location

Property Map

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Erik Leland

Luxury Property Advisor | OR License 201225800
Member of: National Association of REALTORS® (NAR)

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Property ID - | 816734

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