About This Home

This 4-bedroom, 3-bathroom single family at 16031 SE RIVER Rd in Milwaukie, OR is listed for $2,500,000 ($337 per sqft). Built in 1885, the home offers 7,423 sqft of living space on a 3.67 acres lot.

Key Features

  • Built in 1885
  • 3.67 acre lot
  • 3 stories

Property Details

3 stories
2 full, 1 half
2-car garage
1885

Amenities

View
Listing Description

A rare opportunity to own a truly remarkable piece of Oregon history! Offered for sale for the first time in seven generations, the Jacob S. Risley House is a stunning, one-of-a-kind example of Italianate architecture, rich with character and extraordinary craftsmanship.

Built in 1885, this incredible home is truly something special. A grand wraparound front porch welcomes you, setting the stage for what awaits. Inside, soaring ceilings, exquisite natural woodwork, intricate architectural details and original built-ins showcase a level of artistry rarely seen today.

Beautiful floors of Western White Ash, Oak, Fir and Bird's Eye Maple are just the beginning. Historic furnishings made their way from the East Coast around the Strait of Magellan, while original kerosene fixtures, now electrified, and magnificent chandeliers with Tiffany shades add to the magic.

Several massive bay windows through out the formal rooms provide amazing light, original fireplace tilework is truly beautiful, and nearly every space offers another detail to admire. All four generous bedrooms are upstairs, including a primary bath/dressing room, guest bath and laundry.

This is a home meant to be explored, appreciated and treasured. With over 7000 square feet, an expansive walk-up unfinished attic, full basement and more than 5 acres spread across three tax lots with river frontage, the possibilities are as extraordinary as the property itself.

Nearby Risley Landing was once a bustling steamboat stop along the Willamette River, connecting travelers and commerce between Oregon City and Portland. A grand private estate, a preservation opportunity or the potential for future development, there are so many ways to imagine its next chapter. Surrounded by natural beauty, this is the kind of property that simply cannot be recreated. Some homes have character. This one has history, soul and a story that's still being written.

Monthly Cost Estimate

$13,371/mo

20% down · 6.5% · 30 years

Principal$1,808
Interest$10,833
Insurance$729

Estimates only. Actual payments may vary.

Location

16031 SE RIVER Rd

Milwaukie, OR 97267

Features & Amenities

Interior Features

HardwoodFloorsHighCeilingsLaundryWalltoWallCarpetWoodFloors

Exterior Features

FencedGardenOutbuildingToolShedYard

Property Details

Views

RiverTerritorial

Heating

RadiantHot Water(Heating)

Appliances

CooktopDishwasherDoubleOvenFreeStandingRefrigeratorIslandStainlessSteelApplianceTile

Questions & Answers

This 4-bedroom, 3-bathroom single family at 16031 SE RIVER Rd is listed at $2,500,000 ($337/sqft). The estimated monthly payment is $13,370 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1885, 3.67 acre lot, 3 stories. Interior Features: HardwoodFloors, HighCeilings, Laundry. Exterior Features: Fenced, Garden, Outbuilding.

This property is listed by Emily Hetrick.

EH

Emily Hetrick

Agent at Keller Williams Realty Portland Central

Listed by Keller Williams Realty Portland Central · Broker phone: (503) 548-4848 · View on Broker Site · Broker website

MLS# 734365865· Source: Regional Multiple Listing Services· 15 days on PropertySimple

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

16031 SE RIVER Rd, Milwaukie, OR 97267

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