About This Home

This 7-bedroom, 5-bathroom single family at 5017 SE ALDERCREST Rd in Milwaukie, OR is listed for $950,000 ($274 per sqft). Built in 1940, the home offers 3,465 sqft of living space on a 1.48 acres lot.

Key Features

  • Built in 1940
  • 1.48 acre lot
  • 3 stories
  • Waterfront

Property Details

3 stories
5 full
1940

Amenities

WaterfrontA/C
Listing Description

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.

Monthly Cost Estimate

$5,081/mo

20% down · 6.5% · 30 years

Principal$687
Interest$4,117
Insurance$277

Estimates only. Actual payments may vary.

Location

5017 SE ALDERCREST Rd

Milwaukie, OR 97222

Features & Amenities

Interior Features

BambooFloorLaundrySeparateLivingQuartersApartmentAuxLivingUnitSoakingTub

Exterior Features

AthleticCourtCoveredPatioGardenOutdoorFireplaceRVParkingSecondResidenceToolShed

Property Details

Pool Features

Patio

Heating

Forced AirHeat Pump (Heating)

Cooling

Heat Pump

Appliances

DishwasherDisposalFreeStandingRangeFreeStandingRefrigeratorGasAppliancesQuartzStainlessSteelAppliance

Questions & Answers

This 7-bedroom, 5-bathroom single family at 5017 SE ALDERCREST Rd is listed at $950,000 ($274/sqft). The estimated monthly payment is $5,081 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 1.48 acre lot, 3 stories, Waterfront. Interior Features: BambooFloor, Laundry, SeparateLivingQuartersApartmentAuxLivingUnit. Exterior Features: AthleticCourt, CoveredPatio, Garden.

This property is listed by Sean Mele and can be reached at 5035727491.

SM

Sean Mele

Agent at Opt

(503) 572-7491

Listed by Opt · View on Broker Site

MLS# 293461992· Source: listhub· 2 days on market

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5017 SE ALDERCREST Rd, Milwaukie, OR 97222

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