8687 SE 55th Ave, Portland, OR, 97206
About This Home
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.
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1938
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Cement Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Free-Standing Range,Microwave,Stainless Steel Appliance(s),Washer/Dryer,Electric Water Heater
- Laundry features: Laundry Room
Bedroom2
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Dining Room
- Level: Main
Family Room
- Level: Main
Features
- Quartz
- Window features: Vinyl Frames
- Flooring: Concrete,Tile
Heating
- Heating features: Mini Split
Interior Area
- Total structure area: 756
- Total interior livable area: 756 sqft
Kitchen
- Level: Main
Master Bedroom
- Level: Main
Property
Accessibility
- Accessibility features: Accessible Entrance,Garage On Main,Ground Level,Main Floor Bedroom Bath,One Level,Accessibility
Details
- Parcel number: 00068740
- Zoning: R-7
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Exterior features: Yard
- Has view: Yes
- View description: Territorial,Trees/Woods
Lot
- Lot size: 0.67 Acres
- Features: Level,Private,Trees,SqFt 20000 to Acres1
Parking
- Total spaces: 1
- Parking features: Covered,RV Access/Parking,RV Boat Storage,Detached,Extra Deep Garage,Oversized
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Cold Wave
- Heat Wave
- Ice Storm
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Clackamas County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,028 | $36,336 |
| Home Insurance * | $134 | $1,608 |
| Property Taxes | $419 | $5,028 |
| Electricity | $176 | $2,119 |
| Total | $3,757 | $45,084 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-08 | Listed for sale | $645,000 |
| 2019-11-15 | Sold | $280,000 |
| 2019-09-18 | Pending sale | $299,950 |
| 2019-08-23 | Listed for sale | $299,950 |
| 2015-10-07 | Sold | $175,000 |
| 2015-01-01 | Listing removed | $199,500 |
| 2014-08-30 | Listed for sale | $199,500 |
| 2008-09-20 | Listing removed | $624,500 |
| 2008-05-17 | Price change | $624,500 |
| 2008-05-15 | Price change | $564,500 |
| 2008-04-29 | Price change | $624,500 |
| 2008-03-13 | Listed for sale | $649,500 |
| 2007-12-01 | Listing removed | $649,500 |
| 2007-11-16 | Listed for sale | $649,500 |
| 2007-07-17 | Listing removed | $679,000 |
| 2007-05-16 | Price change | $679,000 |
| 2007-04-11 | Listed for sale | $699,000 |
For Sale by Agent
View on Zillow