$550,000

3525 Se LAKE Rd, Milwaukie, OR 97222

3 beds |
1 bath |
1,584 sqft

Single-Family Home
Built in 1912
0.65acre lot
—— car garage
$347/sqft
Listed 17 hours ago

Property Description

Prime development opportunity on Lake Rd with land use groundwork already in motion. This 28,170 SF property consists of two lots with city approval in place to combine into one parcel and develop three detached triplexes, creating a total of nine units. Upon completion of the land use process, the property may also be partitioned into three separate buildable lots for single dwelling residences, offering flexible exit strategies for builders and investors.Existing 3 bed, 1 bath home at approximately 1,584 SF is on site and slated for removal, clearing the way for redevelopment. Geotechnical report and survey are complete and available for review, helping reduce upfront due diligence time.Ideal for developers seeking a project with momentum, optionality, and strong upside in a growing area. Buyer to perform own due diligence regarding development, zoning, and permitted uses.

Listing Status:: Active
Date Added:: April 10, 2026
Data Last Updated:: April 10, 2026 at 10:43PM
Listing Office:: Fathom Realty Oregon, LLC : 541-316-9643
Listing Agent:: Jacob Aveling : 503-753-4297
MLS ID:: 127072913

Basement: Unfinished
Heating: Baseboard

General: Wood siding
Style: Stories 1
Parking: Parking spaces: 0

General: Concrete perimeter

Originating MLS: Regional Multiple Listing ServiceInc.
County: Clackamas

Zoning: SUBDIVISION QUINCY ADD 168 PT BLKS 26 & 2900033494

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Jacob Aveling , Fathom Realty Oregon, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Milwaukie El Puente Elementary School

11250 SE 27th Ave, Portland, OR, 97222

Grades KG-5

0.56 miles away

Wilbur Rowe Middle School

3606 SE Lake Rd, Portland, OR, 97222

Grades 6-8

0.18 miles away

Milwaukie High School

2301 SE Willard St, Portland, OR, 97222

Grades 9-12

0.64 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.