4 Beds

3 Baths

2,572 SqFt

Pending

OPPORTUNITY KNOCKS!!! HUGE UPSIDE POTENTIAL. This spacious Milwaukie home is ideally located within walking distance to Ardenwald Elementary. Offering versatility and room to grow, this residence features three bedrooms and 1.5 bathrooms on the main level, complemented by a traditional living room plus a large family room addition with soaring vaulted ceilings—perfect for gatherings and everyday living. The lower level adds even more flexibility with an additional bedroom, full bathroom, and a generous living space, ideal for guests, extended family, or a home office setup. Set on a sizable lot, the property boasts an in-ground pool for summer enjoyment, a one-car attached garage, and the added benefit of Clackamas County taxes. With solid bones and plenty of square footage, this home presents a fantastic opportunity to increase value through cosmetic updates and personalization. Don’t miss this chance to own a property that combines convenience, space, and potential—all in a desirable Milwaukie neighborhood.

Property Details
Price $495,000
Bedrooms 4
Full Baths 2
Half Baths 1
Total Baths 3
Property Style Ranch
Stories 2
Features GarageDoorOpener,HardwoodFloors
Exterior Features InGroundPool,Outbuilding,Yard
Year Built 1956
Fireplaces 3
Subdivision ARDENWALD / MILWAUKIE
Roof Composition,Shingle
Heating ForcedAir
Foundation ConcretePerimeter,Slab
Lot Description Level,Private
Parking Description Driveway,OffStreet
Parking Spaces 1
Garage spaces 1
Geographic Data
Directions SE 32nd -->SE Roswell -->SE 39th --> SE WAKE ST
County Clackamas
Latitude 45.45663
Longitude -122.622312
Market Area _145
Address Information
Address 3948 SE WAKE ST
Postal Code 97222
City Milwaukie
State OR
Country United States
Listing Information
Listing Office Where, Inc
Listing Agent Brian Getman
Terms Cash,Conventional,FHA,VALoan
School Information
Elementary School Ardenwald
Middle School Rowe
High School Milwaukie
MLS® Information
Days on market 13
MLS® Status Pending
Listing Date Sep 17, 2025
Listing Last Modified Oct 5, 2025
Tax ID 00003846
Tax Year 2024
Tax Annual Amount 5850
MLS® Area _145
MLS® # 740237152

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This information is believed to be accurate, but without any warranty.