17014 SE WILEY WAY Milwaukie, OR $ 1,550,000
17014 SE WILEY WAY
$ 1,550,000
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17014 SE WILEY WAY

Milwaukie, OR, 97267
$ 1,550,000
Bedrooms3 Baths3.0 Sq 2,200

Monthly Estimate*

$ 9,544

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Multi-Family Home for sale in Milwaukie, OR

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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Multi-Family Active

Price

$ 1,550,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 5,317

Style

Year Built

1965

Town/City

Milwaukie

County/Region

Clackamas

MLS | Web ID

230825340

Features
General
Sewer 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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Interior
Basement 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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Exterior
Parking 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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Internal Only
Street Number 1 17014
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* Excluded Features
List By
Kor Realty

Broker

503-680-4371

Contact

Affordability Calculator

$9,987
Per Month
96%
4%
0%
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.
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Nearby
1950937 Elementary School
1948946 Middle School
Putnam High School High School
Pricing History
DatePricePrice ChangeDescription
6/15/2026$1,550,000 Listed Price

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17014 SE WILEY WAY, Milwaukie, OR, 97267 is a Multi-Family Home for sale at $1,550,000 with 2,200 sqft. 17014 SE WILEY WAY has 3 bedrooms, 3.0 baths, and was built in 1965. The property's zip code is 97267 which is in Milwaukie, OR