Milwaukie Opportunity — Instant Sweat Equity or Assumable VA loan of $310,000 at 2.6%! Here’s the cosmetic fixer you’ve been waiting for and it is financeable for VA, FHA or conventional! Reflected in the are the updates needed, this 1,662 sq ft single-level ranch offers an incredible opportunity to build instant sweat equity in a great Milwaukie neighborhood. Located on a quiet cul-de-sac, this home features 3 bedrooms, 2 baths, 2-car garage, fenced backyard, and a large covered patio—all for under $500,000.The open, light-filled floor plan features abundant windows and a spacious kitchen great room with an island and eating bar. A sliding glass door leads to the covered patio and fully fenced backyard with raised flower beds and a tool shed.The home already has many desirable features, including vinyl windows, 90% gas furnace with A/C, gas fireplace, pantry, and a 2-car garage with workbench and storage. The cosmetics are where you can make this home your own. Add some fresh paint, flooring, fixtures, and your personal style, and you can transform this into a fantastic home while potentially creating significant equity through your improvements. Why pay for someone else’s renovations when you can buy at a value and make the improvements yourself? Great neighborhood. Single-level living. 3 bedrooms. 2 baths. 2-car garage. Fenced yard. Cul-de-sac. Under $500K. Opportunities like this don't come along often, and this one won't last long! Come take a look and see the potential for yourself! Open House: Saturday, September 5th 10:00 AM–12:00 PM
Single-familyProperty Type
1964Year Built
7,840 sq ftLot Size
$283Price/Sq.Ft.
2 car garageParking
Listed by John McClung• Harcourts Real Estate Network Group
Linwood, located between SE King Rd and SE Linwood Ave, is a residential and commercial Milwaukie neighborhood with a creekside greenbelt feel and a practical, car-friendly street grid. The neighborhood’s energy concentrates around the SE 82nd Ave and SE King Rd crossroads, where everyday storefronts, service counters, and late-afternoon traffic set a steady tempo. Postwar ramblers and split-levels mix with newer infill on wide lots, with pockets of mature trees near Kellogg Creek. North Clackamas Park anchors the area with fields, courts, and a community center. The Springwater Corridor threads nearby, linking rides and walks to Sellwood and beyond. Daily errands cluster along 82nd, while side streets stay quiet and residential.
Provided by Walk Score and Local Logic
Market insights
11015 SE 54th Pl · $469,900
DAYS ON MARKET
5 days
The average home goes pending in 25 days.
SALE-TO-LIST
99.0%
Most homes are selling 1% below list price.
LIST PRICE
$469,900
Median sale price in this area is $655,799. (40% higher than this home)
PRICE DROP
0 price drops
26% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Accessible design with garage-on-main and one-level living
Walk-in shower
Laundry area with sink and washer/dryer hookups
Wood-burning fireplace (1)
Double pane windows with vinyl frames
Crawl space foundation
Bedrooms
Primary bedroom on main level with attached bathroom, walk-in shower and closet
Second bedroom on main level with laminate flooring
Third bedroom on main level with wall-to-wall carpet
Bathrooms
Two full bathrooms (both on main level)
Kitchen
Island
Pantry
Eat bar
Dishwasher
Disposal
Free-standing range
Free-standing refrigerator
Laundry & utility
Main-level laundry with sink and washer/dryer
Electric hot water
Flooring
Laminate flooring
Vinyl flooring
Wall-to-wall carpet
Heating & cooling
Forced air heating (90% efficiency)
Central air conditioning
Exterior features
Covered patio
Porch
Fenced yard
Raised garden beds
Tool shed
Yard
Home design
Single-family residence, resale
One-story (main level living)
Brick and wood siding exterior
No notable view
Parking
Attached 2-car garage
Driveway
On-street parking
Construction
Built in 1964
Composition roof
Concrete perimeter foundation
Utilities
Public water
Public sewer
Natural gas available
HOA & community
Not a senior community
Other
Property type: Residential, single-family
Main level area approximately 1,662 (living area reported)
Lot is private, level, on a cul-de-sac with paved road access
Electricity and solar
View estimated energy costs and solar savings for this home
Great house for the price. Original owners so there is a little cosmetic work to be done but we reflected it in the price.Don't wait as this one will be gone. 1662 sq ft 1 level RANCH,3 Bedroom,2 bath,2 car garage, fenced yard, large patio with a newer 90% gas furnace, gas fireplace, vinyl windows and on a cul-de-sac in Milwaukie for only $245,000. Yes you read it right only $245,000. Hurry !!!
Public Records
Aug 30, 1994
Sold
$120,735
$73/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,965 (+3.5%)
2024
$4,795 (+2.9%)
2023
$4,661 (+5.3%)
2022
$4,428 (+3.6%)
2021
$4,273 (+3.2%)
2020
$4,140 (+1.5%)
2019
$4,078 (+12.5%)
2018
$3,626 (+2.9%)
2017
$3,523 (+3.5%)
2016
$3,404 (+5.0%)
2015
$3,241 (−7.5%)
2014
$3,504 (+3.0%)
2013
$3,401 (+4.9%)
2012
$3,242 (−1.9%)
2011
$3,305 (+5.6%)
2010
$3,131
2009
$3,131
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
7,974 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,662
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,662
Year built
1964
Style
Single Family Residential
County
Clackamas County
APN
00086551
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 18, 2026.
RMD
Moderate Density Residential Zone
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
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 93° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
18 unhealthy days expected this year, 20 days in 30 years
Provided by First Street
Historical weather
Milwaukie, OR • 97222
Average low and high temperatures (°F)
48
36
51
37
58
43
65
44
71
49
77
54
84
58
85
61
78
56
64
47
54
43
51
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 2 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 11015 SE 54th Pl
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $420,000 and $563,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $420K to $563K.