SE Fairoaks AVE # 600
Milwaukie, OR, 97267 $ 380,000
Baths0.0 Monthly Estimate*
$ 2,399
Studio for $380,000. The lot size is 0.48.
(Sign will be up soon! Lot is located directly to the left of 15323 SE Fairoaks Avenue ) A rare opportunity to build your dream home or capitalize on exceptional development potential. Set among established homes in a desirable Milwaukie neighborhood, this exceptional 0.47-acre parcel combines the charm of an established neighborhood with the flexibility to bring your vision to life. Whether your vision is a custom home designed to reflect your lifestyle or a well-planned development investment, this property offers exceptional flexibility in a highly desirable location. Enjoy frontage and access from both SE Thornton Drive and SE Fair Oaks Avenue, offering added flexibility for site planning, design, and future access. Just minutes from the Willamette River, parks, shopping, dining, and major commuter routes, the location provides an ideal balance of neighborhood charm and everyday convenience.Zoned R-10 and located within the Metro Urban Growth Boundary, according to information provided by Clackamas County Planning, the property is also subject to the MD-1 (Middle Development 1) overlay, adopted through recent housing code updates intended to expand housing opportunities. Potential development options may include townhomes, cottage clusters, duplexes, triplexes, quadplexes, multifamily housing, and other middle housing types. Properties offering this combination of location, flexibility, and long-term potential are becoming increasingly difficult to find. Buyer to perform all due diligence regarding zoning, permitted uses, utility availability, development standards, lot yield, and development feasibility.
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FeaturesGeneralUtilities CableAvailable ElectricityAvailable PhoneAvailable PublicSewer PublicWater500FeetPlus WaterAvailable
Zoning RMD
Unit Number 600
Property Subtype SingleFamilyResidence
Tax Year 2025
Current Use RawLand
Parcel Number 00273457
County Clackamas
Property Type Land
HOA N
Subdivision Name RIVER FOREST
Other Structures Fenced
Status Pending
Directions SEFairoaks Avenue and SE Anspach
High School Putnam
City Milwaukie
Disclosures Disclosure
MLS Area _145
Lot Size Square Feet 20908.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Oak Grove
Tax Annual Amount 1601.06
Middle/Junior High School Alder Creek
Virtual Tour https://firebasestorage.googleapis.com/v0/b/fotello-uploads-assets/o/hHCW9uwQcdNUXcTPvFZW%2FAPN-21E11BD00600-Milwaukie%20360%20Video.mp4?alt=media&token=86999a6c-2ec7-42fe-8cf4-5f6ac9caf066
Standard Status Pending
Accessory Dwelling Unit Y/N N
Legal Description 542 RIVER FOREST LT 3 BLK 2
ADU False
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ExteriorLot Features PublicRoad Trees
Lot Dimensions 220x100x194x100
Lot Size Acres 0.48
Road Surface Type Gravel Paved
Number of Lots 1
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $2,399
- Monthly Property Taxes
- $133
- 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 NearbyLots and land listings in Milwaukie, OR
Average List Price $729,040
Percent of Sale Price 92%
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 |
|---|
| 7/25/2026 | $380,000 | | Listed Price |