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8687 SE 55th Ave, Portland, OR 97206 — photograph 1

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8687 SE 55th Ave, Portland, OR 97206 — photograph 1
2 Beds2 Baths1,456 sqft

8687 SE 55th Ave, Portland

$559,000

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ActiveMLS®: 316330936Listing held by another brokerage, marked RMLS
Price per sqft
$383.93
Built in
1938
Property size
1,456 sqft
Lot size
29,185 sqft
Property type
Residential
Days on market
146

Overview

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.

Details

Interior

Interior features
Concrete Floor, Laundry, Quartz, Tile Floor, Washer / Dryer
Appliances
Dishwasher, Disposal, Free Standing Range, Microwave, Stainless Steel Appliance
Cooling
Yes
Cooling description
Mini Split
Heating
Yes
Heating description
Mini Split
Windows
Vinyl Frames

Exterior and lot

Lot size
29,185 sqft
Exterior features
Porch, RV / Boat Storage, Yard
Lot features
Level, Private, Trees
Architectural style
One Story, Craftsman
Roof
Composition
View
Yes
View description
Territorial, Trees / Woods

Utilities

Sewer
Public Sewer
Water source
Public Water

Parking

Garage spaces
1
Parking
Covered, RV Access Parking
Total parking
1

Schools

High school
Milwaukie
Middle school
Rowe
Elementary school
Ardenwald

Location

City
Portland
County
Clackamas
Zoning
R-7

Taxes and dues

Annual taxes
$2,172 (2025)

Location

8687 SE 55th Ave, Portland, OR 97206

Map showing the location of 8687 SE 55th Ave, Portland, OR 97206
© Mapbox © OpenStreetMap

Monthly payment estimate

$3,156 /mo

20% · $111,800
7.00%
Principal and interest
$2,975
Property tax (2025)
$181
Total
$3,156

Estimate only, and not an offer of credit. Assumes 20% down ($111,800) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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