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17014 SE Wiley Way, Milwaukie, OR 97267

$1,375,000
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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 ashleycarson.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: 12
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: Ashley Carson | Broker
Agent Phone: (541) 699-2955
Agency Title: Bend Premier Real Estate

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Estimated Payment

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

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/28/2026. The listing information on this page last changed on 06/28/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 06/28/2026 12:01:28 AM EST) or RMLS (last updated Sat 06/27/2026 1:50:22 AM EST) or COAR/MLSCO (last updated Sat 06/27/2026 11:51:23 PM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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 other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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Agent License Information: OR license # 201228764

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