17014 SE WILEY WAY
Milwaukie, OR, 97267 $ 1,195,000
Bedrooms3 Baths3.0 Sq 2,200 Monthly Estimate*
$ 7,545
for $1,195,000 with 3 bedrooms and 3 full baths. This 2,200 square foot home was built in 1965.
Private deeded access to the Willamette River sets this beautifully updated property apart. Launch a kayak or paddleboard, spend the day on the water, or simply enjoy the peaceful river lifestyle just moments from home.Thoughtfully redesigned, this property features a fully permitted ADU with its own full bath and separate systems, offering exceptional flexibility for multi-generational living, guests, or rental income. Seller reports established seasonal rental income of approximately $7,800 per month and can provide additional information upon request.Inside, you’ll find a remodeled kitchen with stainless steel appliances, refinished hardwood floors, updated lighting, custom window coverings, remodeled bathrooms, and a stylish fireplace with insert. Major improvements include a newer roof, updated plumbing, electrical panel, HVAC with A/C, and water heater for added peace of mind.The outdoor space is equally inviting with stamped concrete, a covered patio, pergola, landscaped yard, RV parking, workshop shed, and hot tub hookup—perfect for relaxing or entertaining.Whether you’re looking for a primary residence with income potential, space for extended living, or a unique investment opportunity, this property offers a rare combination of modern updates, versatility, and coveted private river access. Buyer to verify zoning, rental regulations, development potential, and permitted uses.
See more
FeaturesGeneralSewer PublicSewer
Heating ForcedAir
Cooling CentralAir MiniSplit
Roof Composition
Zoning r10
Year Built 1965
Stories Count 1
Parcel Number 00295594
Gross Income 73274.0
Waterfront Features Other
County Clackamas
Net Operating Income 67289.0
Operating Expense 5985.0
Property Type MultiFamily
HOA N
Rent Includes Electricity Gas MaintenanceGrounds Sewer Water
Status Active
Directions River R. West on Vineyard Home on the corner of Vineyard and Wiley
High School Putnam
City Milwaukie
Body of Water Willamette River
Disclosures Disclosure
Number Of Units Total 2
MLS Area _145
Listing Terms Cash Conventional
Elementary School Riverside
Tax Annual Amount 5317.48
Middle/Junior High School Alder Creek
Property Condition UpdatedRemodeled
Virtual Tour https://youtu.be/Sw1Aw8EQNok
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 1037 RIVER TERR LT 3
See more
InteriorBasement CrawlSpace
Hot Water Gas
Unit 1 Baths Total 2
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 0
Unit Type UnitTypeType1 UnitTypeType2
See more
ExteriorParking Features Driveway RVAccessParking
Lot Features CornerLot Level Private
Water Source PublicWater
Total Parking 4.0
Exterior Description Other
Foundation Details ConcretePerimeter
Building Area Total 2200.0
Road Surface Type Paved
See more
* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $7,545
- Monthly Property Taxes
- $443
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Milwaukie, OR
Average List Price $2,658,973
Percent of Sale Price 123%
About Milwaukie, OR 21,166 Population
3% Since 2002
$ 58,128 Median Income
42.01 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1950937 Elementary School
1948946 Middle School
Putnam High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/22/2026 | $1,195,000 | -6.27% | Price Down |
| 7/9/2026 | $1,275,000 | -7.27% | Price Down |
| 6/18/2026 | $1,375,000 | -11.29% | Price Down |
| 6/15/2026 | $1,550,000 | | Listed Price |