First time on the market since 1973! This thoughtfully maintained Midcentury home blends timeless style with a flexible floor plan on a 0.28-acre corner lot in the heart of Milwaukie, just outside city limits with lower county property taxes. The exterior has been freshly painted, adding to its curb appeal. The main level features two bedrooms, a light-filled living room with beautiful hardwood floors in great condition, a gas fireplace with a stately mantle, and double sliding doors opening to a backyard patio—perfect for summer gatherings and seamless indoor/outdoor living. The kitchen offers tile counters and backsplash, a range with downdraft, refrigerator, and a sunlit eating nook, plus a separate dining room that can also function as a flexible office or could be converted to a 4th bedroom. All three bathrooms feature luxury vinyl tile flooring and the updated hall bathroom boasts a granite-topped double vanity and a walk-in shower with sleek glass door. The fully finished lower level provides endless possibilities—multigenerational living, private guest quarters or bonus space—with a large family room, second gas fireplace, a bedroom with attached bath (potential primary suite), a second full bathroom just outside the bedroom, laundry area and an unfinished storage room. Outside, enjoy a landscaped front yard, a large partially fenced backyard, mature fruit trees, a tool shed for extra storage and a new triple-wide driveway with plenty of parking. The home also features energy-efficient triple-pane windows. This location places you within easy reach of Historic Downtown Milwaukie’s shops and dining, local parks, Milwaukie Bay Park and boat launch, Clackamas Town Center and offers convenient access to MAX, buses and freeways for a quick commute to Portland and beyond. An exceptional opportunity to own a timeless home with endless possibilities!