3525 SE Lake Rd, Milwaukie, OR 97222

Milwaukie
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
3525 SE Lake Rd,Milwaukie, OR 97222
$550,000
  • 3 Beds
  • 1 Baths
  • 1,584 sq. ft.
  • Single family
  • Active
Listed by: jacob aveling
Office: fathom realty oregon, llc.541-316-9643
MLS#:127072913
Source:PORTLAND

Price summary

  • Price:$550,000
  • Price per sq. ft.:$347.22

About this home

Prime development opportunity on Lake Rd with land use groundwork already in motion. This 28,170 SF property consists of two lots with city approval in place to combine into one parcel and develop three detached triplexes, creating a total of nine units. Upon completion of the land use process, the property may also be partitioned into three separate buildable lots for single dwelling residences, offering flexible exit strategies for builders and investors.Existing 3 bed, 1 bath home at approximately 1,584 SF is on site and slated for removal, clearing the way for redevelopment. Geotechnical report and survey are complete and available for review, helping reduce upfront due diligence time.Ideal for developers seeking a project with momentum, optionality, and strong upside in a growing area. Buyer to perform own due diligence regarding development, zoning, and permitted uses.

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Home facts

  • Year built:1912
  • Listing ID #:127072913
  • Added:1 day(s) ago
  • Updated:April 11, 2026 at 01:29 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Basement Description:Unfinished
  • Living area:1,584 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1912
  • Building area:1,584 sq. ft.
  • Lot area:0.65 Acres
  • Architectural Style:1 Story
  • Foundation Description:Concrete Perimeter
  • Levels:1 Story

Schools

  • High school:Milwaukie
  • Middle school:Rowe
  • Elementary school:Milwaukie

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$347.22
  • Tax amount:$3,544 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. 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 brokerage firms other than Better Homes and Gardens Real Estate Realty Partners are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: April 11, 2026

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