RealtyLens
for saleRealtyLens property overview
$1,700,000

5500 SE Belmont St

Portland, OR, 97215
View more Portland, OR property pages
6Beds
3.5Baths
10,192Sqft
$167$/sqft

Listing Notes

The iconic and unmistakable "Pink Temple" anchors the corner of SE Belmont + 55th in Portland's Mt. Tabor neighborhood. Originally constructed in 1921 as a telephone exchange, later transformed into a Masonic Temple in 1952, and ultimately converted to a residence in 1996, this one-of-a-kind property is rich in history, character, and future potential. The building is currently configured with 2 distinct living spaces-each with its own private entrance, kitchen, and laundry-offering flexibility for multi-generational living, rental income, or creative use. The entire top floor is dedicated to a spacious primary residence, while the main level has been partially deconstructed providing the purchaser with the opportunity to bring their ideas to a fresh new design. A full basement adds significant versatility, featuring a large flex space with exterior access and abundant storage.Soaring ceilings and expansive windows fill the interior with natural light from every angle. Select areas have been refreshed with new interior paint, and the penthouse level showcases newly refinished wood floors. A private, gated parking lot accommodates six or more vehicles.Please note: portions of the property are currently deconstructed, offering a unique opportunity for customization, renovation, or reimagining the space to suit your vision.Located just moments from Mt. Tabor Park and surrounded by popular cafes, restaurants, and shopping in both the Belmont and Hawthorne districts, this extraordinary property stands alone-a true unicorn in Portland's real estate market.

Market Insights

Below nearby median-64%

$167/sqft vs a nearby median of $459/sqft.

Nearby median$459/sqft
Nearby properties1
Property size10,192 sqft
  • -64% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 10,192 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$4.79M$4.40M$5.19M · 58% confidence
vs ask $1.70M−$3.10M (−182.1%)

Asking price is about 182.1% below the fair value — likely to draw competing offers if it's still on market.

$459/sqft median across 1 tight comps × 10,192 sqft= $4.68M
  • Pre-war character+$117k +2.5%
Cumulative NYC adjustments+$117k+2.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position-64% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
6 days
Last price change
No change recorded
Listed
May 6, 2026
Photos
49 photos
Property type
single family
Status
for sale

Photos

Price History

May 8, 2026Initial record
$1,700,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.

5500 SE Belmont St, Portland, OR, 97215 | RealtyLens