Refine Search

17014 SE Wiley Way, Milwaukie, OR 97267

$1,375,000
Matterport Tour Logo Virtual Tour

48 Total Photos [Click to View All]

Property Description

Beautifully updated home with a fully permitted ADU and deeded PRIVATE ACCESS to the Willamette River. Thoughtfully reimagined to provide two separate living spaces, this versatile property offers exceptional flexibility for owner-occupants, multi-generational living, guests, or those seeking supplemental rental income. Seller has established rental income of approximately $7,800 per month (season dependant) and can provide additional rental information upon request.Extensive improvements include a new roof, remodeled kitchen with stainless steel appliances, designer finishes, refinished hardwood floors, updated lighting, custom window coverings, remodeled bathrooms, and a stylish fireplace with insert. The converted garage serves as a fully permitted ADU with a full bath and separate systems.Major system upgrades include updated plumbing, electrical panel, HVAC with A/C, and water heater.. Outside, enjoy stamped concrete, a covered patio, pergola, landscaped yard, RV parking, workshop shed, and hot tub hookup.Potential investment and development opportunities may exist, including possible multi-unit use, subject to buyer verification. A rare combination of modern updates, flexible living, proven income potential, and private river access. Buyer to perform all due diligence regarding zoning, permitted uses, development opportunities, short-term and long-term rental regulations, and any financial projections or income potential.

17014 SE Wiley Way | MLS# 230825340

This multi-family property located at 17014 SE Wiley Way, Milwaukie, OR 97267 is currently listed for sale with an asking price of $1,375,000. Search Milwaukie real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: Central Air, MiniSplit
Fuel Type: Gas
Heating: Forced Air
Roof Type: Composition
Stories: 1.0
Taxes: $5,317
Year Built: 1965
Square Feet: 2,200

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 3
Features: AirConditioning, Fireplace, WasherDryer, WoodFloors
Rent: $4500.00
Square Footage: 1735
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Features: AirConditioning, Dishwasher, Microwave, Refrigerator
Rent: $3300.00
Square Footage: 370
Total Units: 1

Feature Descriptions

Body of Water: Willamette River
Days on Site: 23
Exterior: Other
Gross Income: $73274.00 (Actual)
Hot Water: Gas
Lot: Corner Lot, Level, Private
Net Income: $67289.00 (Actual)
Operating Expenses: $5985.00 (Actual)
Parking: Driveway, RVAccessParking
Parking Notes: Driveway, RVAccessParking
Sewer: Public Sewer
Units: 2
Water: Public Water
Waterfront: Other

Local Schools

High School: Putnam
Middle School: Alder Creek
Elementary School: Riverside

Listed By / Shown By

Listed By

Agency Name: KOR Realty
Agency Contact: 503-680-4371

Shown By

Agent Name: Drue Ripp, Broker
Agent Phone: Cell: (541) 668-0339
Agency Title: Bend Premier Real Estate

IDX logo

Estimate Your Payment

Estimated Payment

$ 7,796.87 per month $6,952.75 Principal & Interest $443.08 Property Tax $401.04 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel