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5500 SE Belmont St
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
$167/sqft vs a nearby median of $459/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
Asking price is about 182.1% below the fair value — likely to draw competing offers if it's still on market.
- Pre-war character+$117k +2.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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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