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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.

Overview

Open House
7/18/2026 2:00PM - 4:00PM PDT
7/19/2026 11:00AM - 1:00PM PDT
Property Status
For Sale
Lot Size
1.48 Acres
MLS ID
293461992
Property Type
Residential
Year Built
1940

Features & Amenities

Total Area
3,465 Sq.Ft.
Neighborhood
Clackamas
Architecture Styles
Tri Level
Water Frontage
Creek
View Description
Creek Stream, Trees Woods
Stories
3
Water Source
Public Water
Roof
Composition, Flat, Membrane
Lot Features
Gentle Sloping, Private, Wooded
Parking
Driveway, RVAccess Parking
Heat Type
Forced Air, Heat Pump
Air Conditioning
Heat Pump
Fireplace
Gas
Appliances
Dishwasher, Disposal, Free Standing Range, Free Standing Refrigerator, Gas Appliances, Quartz, Stainless Steel Appliance
Other Interior Features
Bamboo Floor, Laundry, Separate Living Quarters Apartment Aux Living Unit, Soaking Tub
Sewer
Public Sewer
Substructure
Concrete Perimeter
Other Exterior Features
Athletic Court, Covered Patio, Garden, Outdoor Fireplace, RVParking, Second Residence, Tool Shed
Elementary School
Oak Grove
Middle School
Alder Creek
High School
Putnam
Sales Price
$950,000
Real Estate Tax
$11,144/yr
Zoning
R10

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5017 SE ALDERCREST RD

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    (503) 572-7491
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