Milwaukie, OR Real Estate Search

Milwaukie, OR Homes for Sale

Overview of the Milwaukie Real Estate Market

Milwaukie, Oregon, located just south of Portland, is an emerging market in the real estate sector. Known for its charming neighborhoods and proximity to urban amenities, this city has caught the attention of homebuyers and investors alike. The market has seen a steady increase in property values over recent years, reflecting a broader trend in the Greater Portland area. With its affordable housing options compared to Portland’s skyrocketing prices, Milwaukie presents an attractive alternative for first-time homebuyers and those looking to downsize.

Types of Properties Available

The real estate landscape in Milwaukie is diverse, offering a variety of property types to suit different needs and budgets. Homebuyers can find everything from quaint bungalows and modern townhomes to expansive single-family residences. Additionally, there are numerous condominiums and multifamily units available, appealing to renters and investors. The diversity in housing options makes Milwaukie a family-friendly community that caters to various demographics, including young professionals, families, and retirees.

Neighborhood Highlights

Milwaukie boasts several neighborhoods, each with its unique character and appeal. The historic downtown area features a walkable community with local shops, eateries, and access to public transportation. Surrounding neighborhoods like Lake Road and Oak Grove offer suburban tranquility, larger lots, and nearby parks. Moreover, areas like the Willamette River waterfront present picturesque views and recreational activities, making it an ideal spot for outdoor enthusiasts and families. The community is known for its strong sense of belonging, adding to its overall attractiveness for potential homeowners.

Market Trends and Investment Opportunities

The real estate market in Milwaukie continues to show positive trends, with home prices consistently rising and properties gaining equity. Investors looking for rental properties will find the area appealing, as demand for rentals is on the rise due to the influx of new residents seeking affordable housing options. Additionally, the local government’s investment in infrastructure and community development promises to elevate the area's status even further, creating long-term investment potential for those looking to buy property in Milwaukie.

Challenges in the Milwaukie Real Estate Market

Despite its many advantages, the Milwaukie real estate market faces challenges that potential buyers should consider. Limited inventory can make it difficult for buyers to find suitable homes and often leads to bidding wars. Additionally, while Milwaukie remains more affordable than its neighbor Portland, prices are still rising, outpacing income growth for many residents. Buyers must act quickly when properties become available and be prepared to navigate a competitive market. However, with the right strategies and guidance, interested buyers can find success in securing their dream home in this vibrant community.

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Milwaukie, OR Homes for Sale

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Newest Milwaukie, OR Homes for Sale

$13,774,900
336091629 MLS
Built by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, Robbins Place is a newly constructed 29-unit multifamily community offering scale, efficiency, and long-term durability in a growing Milwaukie submarket. The development consists of twenty-nine three-bedroom, two and a half bathroom homes totaling approximately 46,391 rentable square feet, delivering 87 bedrooms, 58 full bathrooms, and 29 half bathrooms across the community. Each unit features an efficiently designed two-story layout with open-concept main level living, covered front porch, private patio, fenced yard, and attached garage. Unit sizes range from approximately 1,472 to 1,816 square feet, with an average unit size of ~1,600 square feet, supporting strong rental positioning within the three-bedroom segment of the market. One-car attached garages with additional driveway parking enhance tenant appeal and functionality. All bedrooms are located upstairs along with a full laundry room, while a main-level half bathroom adds convenience. Constructed with durability and long-term performance in mind, the community includes high-efficiency gas forced-air heating, modern insulation standards, and quality finishes throughout. Double-framed common walls with a one-inch air gap and insulation between units enhance separation and privacy. Located in Clackamas County, the property benefits from tax positioning outside Portland city limits while maintaining close proximity to Milwaukie Bay Park and the Willamette River waterfront (~1.5 mi), downtown Milwaukie shops and dining (~1.5 mi), New Seasons Market (~1.6 mi), the Milwaukie/Main Street MAX Station (~1.7 mi), and convenient access to SE McLoughlin Blvd. The combination of location, unit mix, scale, and new construction quality presents a compelling opportunity for investors seeking stabilized cash flow, portfolio expansion, or long-term hold potential in a high-demand rental corridor.

5141 SE Aldona CT, Milwaukie

$3,799,900
173282713 MLS
Built by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, this offering includes four newly constructed duplexes at Robbins Place, totaling eight residential units across Lots 7 through 10 on approximately 0.88 acres combined. The package delivers twelve bedrooms and eight full plus four half bathrooms, with unit sizes ranging from approximately 1,487 to 1,495 square feet. Each unit features an efficiently designed two-story layout with three bedrooms and two and a half bathrooms, open-concept main level living, a covered front porch, private patio, and fenced yard. One-car attached garages with additional driveway parking enhance tenant appeal and functionality. A half bathroom is located on the main level, while upstairs includes all bedrooms and a full laundry room for added convenience. Constructed with durability and long-term performance in mind, each duplex includes high-efficiency gas forced-air heating, modern insulation standards, and quality finishes throughout. A double-framed common wall with a one-inch air gap and insulation between units enhances separation and privacy. Located in Clackamas County, property taxes may be lower than many areas within Portland city limits. The development offers close proximity to Milwaukie Bay Park and the Willamette River waterfront (~1.5 mi), downtown Milwaukie shops and dining (~1.5 mi), New Seasons Market (~1.6 mi), the Milwaukie/Main Street MAX Station (~1.7 mi), and quick access to SE McLoughlin Blvd, supporting strong rental demand and commuter convenience. With varying exterior styles for architectural diversity and new construction reducing near-term capital expenditure risk, this eight-unit portfolio presents a compelling opportunity for investors seeking stable, low-maintenance multifamily assets in a growing Milwaukie submarket.

5139 SE Aldona CT, Milwaukie

$949,900
235041833 MLS
Built by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, this brand-new duplex is part of Robbins Place, a thoughtfully planned new 29-unit community in Milwaukie. Each side offers three bedrooms and two and a half bathrooms with 1,472 square feet of efficiently designed living space plus a one-car attached garage. A covered front porch welcomes you home, while the main level features an open-concept layout connecting the kitchen, dining, and living areas for easy everyday living and entertaining. A sliding door leads to a private patio and private, fenced yard off the back of the home, creating a seamless extension of the indoor space. A half bathroom is conveniently located on the main floor for guests. The attached garage includes additional storage, with driveway parking just outside for added convenience. Upstairs, you’ll find all three bedrooms, including a spacious primary suite with its own bathroom and walk-in closet, along with a full laundry room for everyday ease. Built with efficiency, high-end finishes, and durable construction in mind, the home includes a high-efficiency gas furnace, modern insulation standards, and quality materials throughout. A double-framed common wall with a one-inch air gap and insulation between units enhances separation and privacy. Located in Clackamas County, property taxes may be lower than many areas within Portland city limits. Enjoy proximity to Milwaukie Bay Park and the Willamette River waterfront (~1.5 mi), downtown Milwaukie shops and dining (~1.5 mi), New Seasons Market (~1.6 mi), the Milwaukie/Main Street MAX Station (~1.7 mi), and quick access to SE McLoughlin Blvd. With clean architectural design and a smart two-story layout, this new construction duplex offers flexibility for owner-occupants or investors seeking low-maintenance living in a growing Milwaukie location.

5137 SE Aldona CT, Milwaukie

$485,000
3 Beds 2 Baths 226339119 MLS
This is the one - and once you step inside, you’ll understand why. Blending timeless character with thoughtful modern updates, this beautifully remodeled 3-bedroom, 2-bath cottage offers the kind of warmth and functionality today’s buyers are searching for. Original hardwood floors, classic craftsman-style details, and abundant natural light create a space that feels both inviting and elevated from the moment you walk in. Every major update has already been done for you including fresh paint, updated lighting, new flooring, cabinetry, doors, and stylishly finished bathrooms, so you can move in and immediately enjoy the home without the projects.The layout lives comfortably, with bright, open living spaces that flow effortlessly for both everyday living and entertaining. Step outside and you’ll find where this home truly sets itself apart. Situated on an expansive 0.36-acre lot, the outdoor space offers a rare combination of privacy, usability, and future potential. The brand-new cedar deck (approx. 9x23) creates the perfect extension of the home that's ideal for summer evenings, weekend gatherings, or quiet mornings overlooking the backyard. Fully fenced back yard provide space for pets, play, or gardening, while the extended property line beyond the back fence adds an unexpected sense of space and privacy that’s hard to find at this price point. Need more room? The clean, unfinished basement offers flexibility for storage, hobbies, a home gym, or future expansion giving you options without added cost upfront. A new concrete driveway ensures easy parking for multiple vehicles - something that is rarely found in homes of this style. Located in a desirable Milwaukie neighborhood, you’re just minutes from schools, shopping, dining, and quick freeway access, making daily life simple and convenient. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10228417]

6514 SE THIESSEN RD, Milwaukie

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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 © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.