Recently Listed Open House 7/18 2pm - 4pm
5017 SE ALDERCREST RD
Milwaukie, OR, 97222 $ 950,000
Bedrooms7 Baths5.0 Sq 3,465 Monthly Estimate*
$ 5,998
for $950,000 with 7 bedrooms and 5 full baths. This 3,465 square foot home was built in 1940 on a lot size of 1.48.
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.
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Open House
7/18/2026 2:00 PM - 4:00 PM
7/19/2026 11:00 AM - 1:00 PM
5017 SE ALDERCREST RD Milwaukie, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesInteriorInterior Amenities BambooFloor Laundry SeparateLivingQuartersApartmentAuxLivingUnit SoakingTub
Basement FullBasement SeparateLivingQuartersApartmentAuxLivingUnit Unfinished
Total Fireplaces 2
Fireplace Features Gas
Hot Water Electricity Gas
Window Features DoublePaneWindows
Total Bathrooms 5.0
Total Bedrooms 7
Total Baths 5
1/2 Baths 0
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GeneralSewer PublicSewer
Heating ForcedAir HeatPump
Cooling HeatPump
Roof Composition Flat Membrane
Appliances Dishwasher Disposal FreeStandingRange FreeStandingRefrigerator GasAppliances Quartz StainlessSteelAppliance
Zoning R10
Garage Spaces 0
Architectural Style TriLevel
Year Built 1940
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number 00439608
Waterfront Features Creek
County Clackamas
Property Type Residential
HOA N
Full Baths 5
Status Active
Directions Hwy 224 South on Rusk Rd West on Aldercrest Rd
High School Putnam
City Milwaukie
Body of Water Kellogg
Disclosures Disclosure
MLS Area _145
Lot Size Square Feet 64468.0
Listing Terms Cash Conventional FHA
Elementary School Oak Grove
Tax Annual Amount 11143.95
Middle/Junior High School Alder Creek
Property Condition Resale
Virtual Tour https://mls.ricoh360.com/7092e2b1-ec5a-413e-ba51-5705e8ba2d78
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SECTION 06 TOWNSHIP 2S RANGE 2E QUARTER CA TAX LOT 00400
ADU False
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ExteriorExterior Amenities AthleticCourt CoveredPatio Garden OutdoorFireplace RVParking SecondResidence ToolShed
Parking Features Driveway RVAccessParking
Lot Features GentleSloping Private Wooded
Water Source PublicWater
Total Parking 0
Exterior Description CementSiding Other
Foundation Details ConcretePerimeter
Building Area Total 3465.0
Lot Size Acres 1.48
Road Surface Type Paved
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $5,998
- Monthly Property Taxes
- $929
- 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 NearbySingle family listings in Milwaukie, OR
Average List Price $582,531
Percent of Sale Price 39%
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.
1949065 Elementary School
1948946 Middle School
Putnam High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/17/2026 | $950,000 | | Listed Price |