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Home + Sea Realty
7 Beds5 Baths3,465 sqft

5017 SE Aldercrest Rd, Milwaukie

$870,000

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ActiveMLS®: 293461992Listing held by another brokerage, marked RMLS
Price per sqft
$251.08
Built in
1940
Property size
3,465 sqft
Lot size
1.48 acres
Property type
Residential
Days on market
113

Overview

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.

Details

Interior

Interior features
Bamboo Floor, Laundry, Separate Living Quarters / Apartment / Aux Living Unit, Soaking Tub
Appliances
Dishwasher, Disposal, Free Standing Range, Free Standing Refrigerator, Gas Appliances, Quartz, Stainless Steel Appliance
Fireplace
Yes
Fireplaces
2
Fireplace description
Gas
Cooling
Yes
Cooling description
Heat Pump
Heating
Yes
Heating description
Forced Air, Heat Pump
Windows
Double Pane Windows

Exterior and lot

Lot size
1.48 acres
Exterior features
Athletic Court, Covered Patio, Garden, Outdoor Fireplace, RV Parking, Second Residence, Tool Shed
Lot features
Gentle Sloping, Private, Wooded
Architectural style
Tri-Level
Roof
Composition, Flat, Membrane
View
Yes
View description
Creek / Stream, Trees / Woods

Utilities

Sewer
Public Sewer
Water source
Public Water

Parking

Garage spaces
0
Parking
Driveway, RV Access Parking
Total parking
0

Schools

High school
Putnam
Middle school
Alder Creek
Elementary school
Oak Grove

Location

City
Milwaukie
County
Clackamas
Zoning
R10

Taxes and dues

Annual taxes
$11,144 (2025)

Location

5017 SE Aldercrest Rd, Milwaukie, OR 97222

Map showing the location of 5017 SE Aldercrest Rd, Milwaukie, OR 97222
© Mapbox © OpenStreetMap

Monthly payment estimate

$5,559 /mo

20% · $174,000
7.00%
Principal and interest
$4,631
Property tax (2025)
$929
Total
$5,559

Estimate only, and not an offer of credit. Assumes 20% down ($174,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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