5017 SE Aldercrest Rd, Milwaukie
$870,000
Save- 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

Monthly payment estimate
$5,559 /mo
- 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.






