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5017 SE Aldercrest Rd, Milwaukie, OR 97222

$950,000

Property Description

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.

5017 SE Aldercrest Rd | MLS# 293461992

This single family home located at 5017 SE Aldercrest Rd, Milwaukie, OR 97222 is currently listed for sale with an asking price of $950,000. This property was built in 1940 and has 7 bedrooms and 5 full baths with 3465 sq. ft. Search Milwaukie real estate on kimgilchrist.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: Full Basement, Separate Living Quarters-Apartment-Aux Living Unit, Unfinished
Basement: Yes
Cooling: Heat Pump
Fireplaces: 2
Fuel Type: Electricity, Gas
Heating: Forced Air, Heat Pump
Home Style: Tri Level
Lot Size: 1.48 Acres
Roof Type: Composition, Flat, Membrane
Stories: 3.0
Taxes: $11,144
Year Built: 1940
Square Feet: 3,465

Feature Descriptions

Bathroom: 1.0 (Lower), 3.0 (Main), 1.0 (Upper)
Body of Water: Kellogg
Exterior: Cement Siding, Other
Exterior: Athletic Court, Covered Patio, Garden, Outdoor Fireplace, RV Parking, Second Residence, Tool Shed
Fireplace: Gas
Hot Water: Electricity, Gas
Interior: Bamboo Floor, Laundry, Separate Living Quarters-Apartment-Aux Living Unit, Soaking Tub
Kitchen: Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Gas Appliances, Quartz, Stainless Steel Appliance(s)
Lot: Gentle Sloping, Private, Wooded
Parking Notes: Driveway, RVAccessParking
Sewer: Public Sewer
Special View Info: Creek/Stream, Trees/Woods
Square Footage: 1057 (Lower), 1432 (Main), 976 (Upper)
Water: Public Water
Waterfront: Creek
Wooded: Yes

Room Sizes

2nd Kitchen: 13 X 9 Level - Lower
4th Bedroom: 14 X 13 Level - Main
5th Bedroom: 12 X 9 Level - Lower
2nd Bedroom: 14 X 13 Level - Main
3rd Bedroom: 12 X 11 Level - Main
Dining Room: 8 X 8 Level - Main
Family Room: 20 X 14 Level - Lower
Kitchen: 15 X 13 Level - Main
Living Room: 22 X 16 Level - Main
Primary Bedroom: 15 X 14 Level - Upper

Local Schools

High School: Putnam
Middle School: Alder Creek
Elementary School: Oak Grove

Listed By / Shown By

Listed By

Agency Name: Opt
Agency Contact: 503-572-7491

Shown By

Agent Name: Kim Gilchrist, Broker
Agent Phone: (541) 410-0985
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 6,009.47 per month $4,803.72 Principal & Interest $928.67 Property Tax $277.08 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/17/2026. The listing information on this page last changed on 07/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/17/2026 12:01:17 AM EST) or RMLS (last updated Thu 07/16/2026 11:55:24 PM EST) or COAR/MLSCO (last updated Thu 07/16/2026 11:51:29 PM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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