Opportunity knocks! This single-level 3 bedroom 1.5 bath home sits on a generous .38-acre flat/usable lot on a quiet residential street, offering endless potential. Featuring a large 2-car garage and original hardwood floors remain preserved beneath the carpet in select areas. This home is a prime candidate for sweat-equity updates, development potential or a full remodel. The expansive lot provides ample space for entertaining, gardening, or simply enjoying the privacy and flexibility rarely found at this price point. 1255 sq ft of finished living space with over 600 sq ft of additional opportunity to add in the unfinished basement. Priced to sell, this is an excellent opportunity for investors, renovators, or buyers looking to customize a home to their taste. Bring your vision and unlock the potential. Information is deemed reliable but not guaranteed, buyers to do their own due diligence when purchasing.
Sold
$450,000
3506 SE Olsen St, Milwaukie, OR 97222
3beds
1,874sqft
Residential, Single Family Residence
Built in 1925
-- sqft lot
$596,800 Zestimate®
$240/sqft
$3,122 Estimated rent
Home value
$596,800
$555,000 - $639,000
$3,122/mo
Zestimate® history
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$2,742/mo
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List your homeWhat's special
Quiet residential street
Zillow last checked:
Listing updated:
Listed by:
Jennifer Gurzi #AGENT_PHONE,
Knipe Realty ERA Powered
Bought with:
Victoria Shah, 201215124
MORE Realty
Source: RMLS (OR),MLS#: 316591569
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- Partial bathrooms: 1
- Main level bathrooms: 2
Rooms
- Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Baseboard, Radiant
Appliances
- Included: Free-Standing Range, Free-Standing Refrigerator, Washer/Dryer, Gas Water Heater
Features
- Flooring: Hardwood, Wall to Wall Carpet
- Basement: Unfinished
Interior area
- Total structure area: 1,874
- Total interior livable area: 1,874 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Detached
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Main Floor Bedroom Bath, One Level, Accessibility
Features
- Levels: One
- Stories: 1
- Exterior features: Yard
- Fencing: Fenced
Lot
- Features: Level, SqFt 15000 to 19999
Details
- Parcel number: 00012088
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Other
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1925
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Milwaukie
Financial & listing details
- Price per square foot: $240/sqft
- Tax assessed value: $523,678
- Annual tax amount: $3,951
- Date on market: 12/26/2025
- Cumulative days on market: 6 days
- Listing terms: Cash,Conventional,FHA
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/3/2026 | Sold | $450,000+10%$240/sqft |
Source:  RMLS (OR) #316591569 Report a problem | ||
| 1/1/2026 | Pending sale | $409,000$218/sqft |
Source: RMLS (OR) #316591569 Report a problem | ||
| 12/27/2025 | Listed for sale | $409,000$218/sqft |
Source: RMLS (OR) #316591569 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,952 +3.5% | $205,888 +3% |
| 2024 | $3,816 +2.9% | $199,892 +3% |
| 2023 | $3,710 +5.3% | $194,070 +3% |
| 2022 | $3,524 +3.6% | $188,418 +3% |
| 2021 | $3,401 +3.2% | $182,931 +3% |
| 2020 | $3,295 +1.5% | $177,603 +3% |
| 2019 | $3,246 +12.5% | $172,431 +3% |
| 2018 | $2,886 | $167,409 +3% |
| 2017 | $2,886 +6.5% | $162,533 +3% |
| 2016 | $2,710 | $157,799 +3% |
| 2015 | $2,710 +5% | $153,203 +3% |
| 2014 | $2,580 +8.1% | $148,741 +3% |
| 2013 | $2,387 +2.5% | $144,409 +3% |
| 2012 | $2,329 +0.9% | $140,203 +3% |
| 2011 | $2,308 +5.6% | $136,119 +3% |
| 2010 | $2,186 +1% | $132,154 +3% |
| 2009 | $2,165 +5.7% | $128,305 +3% |
| 2008 | $2,049 +2.9% | $124,568 +3% |
| 2007 | $1,990 +12.2% | $120,940 +3% |
| 2006 | $1,774 -3.3% | $117,417 +3% |
| 2005 | $1,835 +4.2% | $113,997 +3% |
| 2004 | $1,761 +2% | $110,677 +3% |
| 2003 | $1,726 +3% | $107,453 +3% |
| 2002 | $1,676 -7.5% | $104,323 +3% |
| 2001 | $1,812 +2.3% | $101,284 +3% |
| 2000 | $1,772 | $98,334 |
Find assessor info on the county website
Neighborhood: Ardenwald
Nearby homes
- $843,3004 bd2 ba3.9k sqft3444 SE Olsen St, Milwaukie, OR 97222Off Market
- $535,3004 bd2 ba1.5k sqft3526 SE Olsen St, Portland, OR 97222Off Market
- $622,5004 bd2 ba1.5k sqft3526 SE Olsen St APT A, Milwaukie, OR 97222Off Market
- $--2 bd1 ba750 sqft3526 SE Olsen St #B, Portland, OR 97222Off Market
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- $494,0003 bd2 ba1.4k sqft3535 SE Olsen St, Milwaukie, OR 97222Off Market
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Nearby schools
GreatSchools rating
- 6/10Ardenwald Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Rowe Middle SchoolGrades: 6-8Distance: 1.5 mi
- 2/10Milwaukie High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Ardenwald
- Middle: Rowe
- High: Milwaukie
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$596,800
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$596,800
- Oregon
- Clackamas County
- Milwaukie
- 97222
- Ardenwald
- 3506 SE Olsen St
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