16031 SE RIVER RD
Milwaukie, OR, 97267 $ 2,500,000
Bedrooms4 Baths2.1 Sq 7,423 Monthly Estimate*
$ 17,267
for $2,500,000 with 4 bedrooms and 2 full baths, 1 half bath. This 7,423 square foot home was built in 1885 on a lot size of 3.67.
A rare opportunity to own a truly remarkable piece of Oregon history! Offered for sale for the first time in seven generations, the Jacob S. Risley House is a stunning, one-of-a-kind example of Italianate architecture, rich with character and extraordinary craftsmanship. Built in 1885, this incredible home is truly something special. A grand wraparound front porch welcomes you, setting the stage for what awaits. Inside, soaring ceilings, exquisite natural woodwork, intricate architectural details and original built-ins showcase a level of artistry rarely seen today. Beautiful floors of Western White Ash, Oak, Fir and Bird’s Eye Maple are just the beginning. Historic furnishings made their way from the East Coast around the Strait of Magellan, while original kerosene fixtures, now electrified, and magnificent chandeliers with Tiffany shades add to the magic. Several massive bay windows through out the formal rooms provide amazing light, original fireplace tilework is truly beautiful, and nearly every space offers another detail to admire. All four generous bedrooms are upstairs, including a primary bath/dressing room, guest bath and laundry. This is a home meant to be explored, appreciated and treasured. With over 7000 square feet, an expansive walk-up unfinished attic, full basement and more than 5 acres spread across three tax lots with river frontage, the possibilities are as extraordinary as the property itself. Nearby Risley Landing was once a bustling steamboat stop along the Willamette River, connecting travelers and commerce between Oregon City and Portland. A grand private estate, a preservation opportunity or the potential for future development, there are so many ways to imagine its next chapter. Surrounded by natural beauty, this is the kind of property that simply cannot be recreated. Some homes have character. This one has history, soul and a story that's still being written.
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FeaturesInteriorInterior Amenities HardwoodFloors HighCeilings Laundry WalltoWallCarpet WoodFloors
Basement FullBasement Unfinished
Total Fireplaces 2
Fireplace Features WoodBurning
Hot Water Electricity
Window Features WoodFrames
Total Bathrooms 2.1
Total Bedrooms 4
Total Baths 3
1/2 Baths 1
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GeneralSewer PublicSewer
Heating HotWater Radiant
Roof Composition
Appliances CookIsland Dishwasher FreeStandingRefrigerator GasAppliances StainlessSteelAppliance Tile
Zoning R10
Garage Spaces 2.0
Architectural Style Craftsman Victorian
Security Features Entry
Year Built 1885
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number 00278309
County Clackamas
Property Type Residential
HOA N
Full Baths 2
Status Active
Directions River Road to 16031
High School Putnam
City Milwaukie
Disclosures Disclosure
MLS Area _145
Lot Size Square Feet 159865.0
Listing Terms Cash Conventional
Elementary School Riverside
Tax Annual Amount 14003.59
Middle/Junior High School Alder Creek
Property Condition Resale
Virtual Tour https://www.zillow.com/view-imx/af80922a-819a-4e87-8495-cb48d128c35f/?utm_source=captureapp
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SECTION 11 TOWNSHIP 2S RANGE 1E QUARTER DD TAX LOT 03200
ADU False
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ExteriorExterior Amenities Fenced Garden Outbuilding ToolShed Yard
Parking Features Driveway
Lot Features GentleSloping Trees
Water Source PublicWater
Total Parking 2.0
Garage Type Detached
Exterior Description Cedar
Building Area Total 7423.0
Lot Size Acres 3.67
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Pdx CentralBroker
emily@thehetrickgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $17,267
- Monthly Property Taxes
- $1,167
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 $554,308
Percent of Sale Price 78%
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 |
|---|
| 10/17/2026 | $2,500,000 | | Listed Price |