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8687 SE 55th Ave
Listing Notes
A rare R-7 opportunity in unincorporated Clackamas County, offering the ideal balance of peaceful country living and everyday urban convenience on an expansive 2/3-acre (29,185 sq ft) lot. Beyond its immediate livability, this property offers exceptional long-term flexibility and multiple development pathways. Buyers may explore options such as building a new home on the property while retaining the existing home as an ADU, or pursuing higher-density strategies such as townhomes, cottage clusters, or adding multiple homes and ADUs, depending on zoning approvals and county requirements.This thoughtfully remodeled 2-bedroom, 1-bath home is paired with an impressive 45' x 20' detached shop featuring a loft w/bthrm. The property has been extensively updated throughout, including a newer roof, siding, interior and exterior paint, flooring, plumbing, and sheetrock, among other improvements creating a truly move-in-ready experience. Designed with durability and low maintenance in mind, the home and shop feature concrete flooring throughout, offering a clean, modern-industrial aesthetic with no carpet anywhere. This versatile property is built for lifestyle flexibility and future potential. Whether you need space for RVs, boats, trailers, equipment, hobbies, entertaining, or income-producing uses, the possibilities are wide open. The generous lot also presents exciting long-term investment or development opportunities.Enjoy a rare combination of functionality, charm, and opportunity, all set in a peaceful, farm-style setting just minutes from Sellwood, Eastmoreland, Richmond, downtown Portland, Lake Oswego, and surrounding amenities. The location also offers access to three major rivers for world-class fishing, skiing, and snowboarding within an hour, as well as nearby golf courses within minutes, all with the benefit of lower county taxes.A rare combination of function, location, and optionality in a tightening land market.
Market Insights
$853/sqft vs a nearby median of $333/sqft.
- +156% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 756 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 60.0% above where comps + adjustments land — there is room to negotiate.
- Pre-war character+$6k +2.5%
- Sparse street life−$4k −1.5%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
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
- 4 days
- Last price change
- No change recorded
- Listed
- May 8, 2026
- Photos
- 30 photos
- Property type
- single family
- Status
- for sale
- Last sold
- Jun 26, 2024 · $305,000
- Garage
- 1 space