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.
Lake Road, located between SE McLoughlin Blvd and the Willamette River, is a residential and riverside Milwaukie neighborhood with leafy streets and a low-key, outdoorsy feel. The neighborhood’s character concentrates around the SE Lake Rd and SE McLoughlin Blvd junction, where commuter traffic, river views, and small local storefronts set the daily rhythm. Nearby pillars include Milwaukie Cafe, the Milwaukie Farmers Market, and the Milwaukie Museum for a strong sense of local tradition. Housing leans toward mid-century ranches and classic Northwest cottages, often framed by mature trees. Riverfront paths and pocket parks shape a walk-and-roll lifestyle, while downtown Milwaukie’s main street grid adds coffee stops and community events.
Provided by Walk Score and Local Logic
Market insights
3525 SE Lake Rd · $499,000
DAYS ON MARKET
25 days
The average home goes pending in 24 days.
SALE-TO-LIST
99.1%
Most homes are selling 1% below list price.
LIST PRICE
$499,000
Median sale price in this area is $663,168. (33% higher than this home)
PRICE DROP
0 price drops
29% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Unfinished basement
Family room
Great room
Dining room
Living room
Bedrooms
Primary bedroom on the main level
Second bedroom
Third bedroom
Bathrooms
One full bathroom (main level)
Kitchen
Kitchen
Heating & cooling
Baseboard heating
No central air
Exterior features
Wood siding
Sloped lot
Paved road access
Home design
Single-family residence
Residential property
Fixer condition
Built in 1912
Main level living area
Construction
Concrete perimeter and stem wall foundation
Utilities
Electric heating fuel
Public water
Public sewer
Other
Lot approximately 0.67 acres (about 29,185 sq ft)
County-recorded building area 1,584
Not a land lease
Electricity and solar
View estimated energy costs and solar savings for this home
The moderate density residential zone is intended to create, maintain, and promote neighborhoods and allow a broad range of housing types. Some non-residential uses are allowed, but overall the character is one of residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Historical weather
Portland, OR • 97222
Average low and high temperatures (°F)
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78
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64
47
54
43
51
41
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Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 9% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.8 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3525 SE Lake Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $350,000 and $540,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $350K to $540K.