RealtyLens
for saleRealtyLens property overview
$645,000

8687 SE 55th Ave

Portland, OR, 97206
View more Portland, OR property pages
2Beds
1Baths
756Sqft
$853$/sqft

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

Above nearby median+156%

$853/sqft vs a nearby median of $333/sqft.

Nearby median$333/sqft
Nearby properties12
Property size756 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

Yardstick fair value$258k$235k$281k · 50% confidence
vs ask $645k+$387k (+60.0%)

Asking price is about 60.0% above where comps + adjustments land — there is room to negotiate.

$337/sqft median across 11 tight comps × 756 sqft= $255k
  • Pre-war character+$6k +2.5%
  • Sparse street life−$4k −1.5%
Cumulative NYC adjustments+$3k+1.0%

Property Read

FreshnessVerification recommended

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

Market Position+156% vs nearby

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 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

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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

Features & Amenities

Outdoor SpaceDishwasherRv Or Boat ParkingViewSingle StoryGarage 1 Or MoreBig LotFarmNew RoofLakeTrailsGolf CourseDen

Photos

Price History

May 8, 2026Initial record
$645,000for 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.