$550000
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3 Bed
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1 Bath
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1584 SqFt
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0 DOM
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Built: 1912
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Status: Active
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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 Provided Courtesy of Jacob Aveling, Fathom Realty Oregon, LLC
General Information
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127072913
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SingleFamilyResidence
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0 DOM
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3
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0.65 acres
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1
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1584
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1912
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Clackamas
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00033494
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Milwaukie
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Rowe
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Milwaukie
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Residential
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SingleFamilyResidence
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SUBDIVISION QUINCY ADD 168 PT BLKS 26 & 29
Listing Provided Courtesy of Jacob Aveling, Fathom Realty Oregon, LLC
PDXA1 Realty Group data last checked: Apr 10, 2026 16:13 | Listing last modified Apr 10, 2026 10:09,
Source:
Residence Information
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0
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1584
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0
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1584
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County
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1584
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3
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1
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0
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1
-
-
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Stories1
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1
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1912
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No
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WoodSiding
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Unfinished
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-
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Unfinished
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ConcretePerimeter
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Features and Utilities
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-
-
-
-
-
-
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Baseboard
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PublicSewer
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-
Electricity
Financial
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3543.76
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0
-
-
-
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CallListingAgent,Cash,Other
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04-10-2026
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-
No
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No
Comparable Information
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0
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0
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CallListingAgent,Cash,Other
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$550,000
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$550,000
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-
Apr 10, 2026 10:09
Schools
Map
Listing courtesy of Fathom Realty Oregon, LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Apr 10, 2026 16:13 | Listing last modified Apr 10, 2026 10:09.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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