$325,000

3739 Se OLSEN St, Milwaukie, OR 97222

1 bed |
2 baths |
1,134 sqft

Single-Family Home
Built in 1935
10,019sqft lot
—— car garage
$287/sqft
Listed 2 days ago

Property Description

Trash or treasure? Value is primarily in the land with potential opportunities for redevelopment but possible remodel and enlarge the existing 1-bedroom cottage with full bath plus additional commode & sink in unfinished basement. Or use as temporary housing/rental while future plans are explored. New roof & gutters in 2024. Some remodeling was started and not completed in years past. Property includes a metal garage/shop (1440 sq ft) with concrete floor offering added utility. Buyers may consider potential for “middle housing”, multi-unit, or condo-style development, subject to zoning and jurisdictional requirements. Buyer to complete all due diligence regarding condition, allowable uses, density, and development feasibility. Property sold as-is/where is. CASH sale only. Could be great opportunity for investment.

Listing Status:: Active
Date Added:: April 15, 2026
Data Last Updated:: April 17, 2026 at 11:41PM
Listing Office:: Better Homes & Gardens Realty : 503-698-6600
Listing Agent:: Roger Hough : 503-516-5688
MLS ID:: 786176151

Appliances: Free standing refrigerator
Basement: Exterior entryPartial basementUnfinished
A/C: None
Heating: Wall heater
Fireplace: Wood burningFireplaceFireplaces: 1
Disability Feature: Past accessibility

General: Hard concrete stuccoFencedPorchYard
Style: Stories 1Bungalow
Parking: DrivewayOtherParking spaces: 0

Roofing: Composition
Windows: DoublePaneWindowsVinylFramesWoodFrames
General: Concrete perimeter

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Clackamas

Zoning: R-MD483 PLIMPTON TR LT 16 BLK 100004211

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Roger Hough , Better Homes & Gardens Realty

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Ardenwald Elementary School

8950 SE 36th Ave, Portland, OR, 97222

Grades KG-5

0.20 miles away

Wilbur Rowe Middle School

3606 SE Lake Rd, Portland, OR, 97222

Grades 6-8

1.55 miles away

Milwaukie High School

2301 SE Willard St, Portland, OR, 97222

Grades 9-12

1.18 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.