# 5017 SE ALDERCREST Rd, Milwaukie, OR 97222

> **TL;DR:** 7bd/5ba single family, $950,000 ($274/sqft), built 1940, 3,465 sqft.
> Waterfront, A/C. Est. $5,081/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $950,000 |
| Price/sqft | $274 |
| Bedrooms | 7 |
| Bathrooms | 5 full |
| Square Feet | 3,465 |
| Year Built | 1940 |
| Lot Size | 64,469 sqft (1.48 acres) |
| Stories | 3 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 2 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,804 |
| Estimated Insurance | $277 |
| **Total** | **$5,081** |

## Nearby Schools

- **Elementary:** Oak Grove
- **Middle:** Alder Creek
- **High:** Putnam

## Key Amenities

- Waterfront
- A/C

## Property Highlights

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

## Description

### Agent 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.

## Location

- **Address:** 5017 SE ALDERCREST Rd, Milwaukie, OR 97222
- **County:** Clackamas
- **Coordinates:** 45.423238, -122.611367
- **Google Maps:** https://www.google.com/maps?q=45.423238,-122.611367

## Listing Agent

- **Name:** Sean Mele
- **Brokerage:** Opt
- **Phone:** 5035727491

## Primary Photo

![5017 SE ALDERCREST Rd - Primary Photo](http://lh.rdcpix.com/a37954929959292553e186e81119c290l-f3507560933r.jpg)

*40 total photos available on [listing page](https://www.propertysimple.ai/listing/5017-se-aldercrest-rd-milwaukie-or-97222-93461992)*

---

**MLS#:** 293461992 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/5017-se-aldercrest-rd-milwaukie-or-97222-93461992)

---

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