17014 SE WILEY WAY
Milwaukie, OR, 97267 $ 1,550,000
Bedrooms3 Baths3.0 Sq 2,200 Monthly Estimate*
$ 9,544
for $1,550,000 with 3 bedrooms and 3 full baths. This 2,200 square foot home was built in 1965.
Beautifully updated home with a fully permitted ADU and deeded PRIVATE ACCESS to the Willamette River. Thoughtfully reimagined to provide two separate living spaces, this versatile property offers exceptional flexibility for owner-occupants, multi-generational living, guests, or those seeking supplemental rental income. Seller has established rental income of approximately $7,800 per month (season dependant) and can provide additional rental information upon request.Extensive improvements include a new roof, remodeled kitchen with stainless steel appliances, designer finishes, refinished hardwood floors, updated lighting, custom window coverings, remodeled bathrooms, and a stylish fireplace with insert. The converted garage serves as a fully permitted ADU with a full bath and separate systems.Major system upgrades include updated plumbing, electrical panel, HVAC with A/C, and water heater.. Outside, enjoy stamped concrete, a covered patio, pergola, landscaped yard, RV parking, workshop shed, and hot tub hookup.Potential investment and development opportunities may exist, including possible multi-unit use, subject to buyer verification. A rare combination of modern updates, flexible living, proven income potential, and private river access. Buyer to perform all due diligence regarding zoning, permitted uses, development opportunities, short-term and long-term rental regulations, and any financial projections or income potential.
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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
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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
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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
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $9,544
- Monthly Property Taxes
- $443
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 $2,916,088
Percent of Sale Price 88%
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 |
|---|
| 6/15/2026 | $1,550,000 | | Listed Price |