Build your dream home on Lake Rd with the added advantage of space, flexibility, and groundwork already in place. This 28,170 SF property spans two lots, offering a rare opportunity to create a custom residence while still leaving room for future options.The existing 3 bed, 1 bath home of approximately 1,584 SF is currently on site, providing flexibility for those considering a renovation, hold strategy, or a fresh start tailored to their vision. Survey, topographical survey, and Geotech report have already been completed and are available for review, helping streamline early-stage planning and due diligence.Beyond a primary residence, the property also presents potential for multi-unit development or future partitioning, giving builders and investors additional paths to explore without taking away from its appeal as a single homesite.Well suited for those looking to build, invest, or secure land with long-term upside in a growing area. Buyer to perform own due diligence regarding development potential, zoning, and permitted uses.
Active
Price cut: $12.5K (5/28)
$537,500
3525 SE Lake Rd, Milwaukie, OR 97222
3beds
1,584sqft
Residential, Single Family Residence
Built in 1912
0.65 Acres Lot
$-- Zestimate®
$339/sqft
$-- HOA
What's special
- 82 days |
- 652 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Jacob Aveling 503-753-4297,
Fathom Realty Oregon, LLC
Source: RMLS (OR),MLS#: 127072913
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Main
Heating
- Baseboard
Features
- Basement: Unfinished
Interior area
- Total structure area: 1,584
- Total interior livable area: 1,584 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.65 Acres
- Features: SqFt 20000 to Acres1
Details
- Parcel number: 00033494
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
Condition
- Fixer
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Milwaukie
Financial & listing details
- Price per square foot: $339/sqft
- Tax assessed value: $376,471
- Annual tax amount: $3,543
- Date on market: 4/10/2026
- Listing terms: Call Listing Agent,Cash,Other
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Price change | $537,500-2.3%$339/sqft |
Source: | ||
| 4/10/2026 | Listed for sale | $550,000+22.2%$347/sqft |
Source: | ||
| 4/16/2025 | Sold | $450,000-14.3%$284/sqft |
Source: | ||
| 3/15/2025 | Pending sale | $525,000$331/sqft |
Source: | ||
| 3/15/2025 | Listed for sale | $525,000+337.5%$331/sqft |
Source: | ||
| 7/11/2000 | Sold | $120,000$76/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,544 +3.5% | $161,047 +3% |
| 2024 | $3,422 +2.9% | $156,357 +3% |
| 2023 | $3,327 | $151,803 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Lake Road
Nearby schools
GreatSchools rating
- 6/10Milwaukie El Puente Elementary SchoolGrades: K-5Distance: 0.6 mi
- 3/10Rowe Middle SchoolGrades: 6-8Distance: 0.2 mi
- 2/10Milwaukie High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Milwaukie
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Clackamas County
- Milwaukie
- 97222
- Lake Road
- 3525 SE Lake Rd







