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  • $3,600,000

    8720 SW Katherine Ln, Portland, OR 97225

    15beds
    7,910sqft
    : 
    Multi Family
    Built in 1954
    -- sqft lot
    $-- Zestimate®
    $455/sqft
    $-- HOA

    What's special

    Remodeled barn-themed retreatHot tubHigh-quality timber constructionElevated hideawayRemodeled bathroomsRemodeled daylight ranchCozy woodland retreat
    A one-of-a-kind investment opportunity—two adjoining parcels totaling 4.51 forested R5 acres, just minutes from downtown Portland. The owner has improve the property to last the rest of his life. (See Attached documents) This income-generating (NOI 2024 $234,711.17 2025 current track NOI $328,385) retreat offers multiple rental units, a stunning natural setting, and high revenue potential. 8720 SW Katheryn Ln (Pictures 2-10) – A 3,000 sq. ft. remodeled daylight ranch with six bedrooms, two permitted kitchens, and high-quality timber construction on 2.16 acres. Available separately for $1,490,000. 2215 SW 87th Ave (Pictures 11-17) – A 3,270 sq. ft. four-bedroom, three-bath home featuring remodeled bathrooms, stunning wood paneling, and a durable metal roof on 2.35 acres.• Yeti’s Treehouse (Pictures 19-24) – Built on four live trees, featuring a kitchenette, bathroom, outdoor soaking tub, & zipline. Highest-grossing rental.• The Old Barn (Pictures 26-33) – A remodeled barn-themed retreat with a large kitchen area, grand piano, orthopedic bed, hot tub, & unique charm.• Sasquatch Tiny Treehouse (Pictures 35-41) – A cozy woodland retreat with wood paneling, kitchenette, vaulted ceilings, & full bathroom. Right on the water!• Bigfoot Glamping Treehouse (Pictures 43-47) – A 10-ft elevated hideaway overlooking the ravine, perfect for wildlife watching. 2215 SW 87th Ave, including all four short-term rental units, is available for separate purchase at $2,425,000. This thriving rental business has been a labor of love for the owner, generating high revenue. Sale includes six months of consulting to ensure a smooth transition. Whether as a lucrative rental operation, a dream retreat, or a development, this property is truly one of a kind.
    147 days
    on Zillow
    |
    472
    |
    19
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 12, 2025 at 08:01am

    Listed by:

    Adrian Wild 503-380-8492,

    Keller Williams Realty Professionals

    Source: RMLS (OR),MLS#: 192718413MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 8720 SW Katherine Ln.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Forced Air, Wood Stove, Fireplace(s)
    Cooling
    • Central Air, Air Conditioning
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator, Gas Water Heater
    Features
    • Flooring: Hardwood
    • Basement: Daylight
    Interior area
    • Total structure area: 7,910
    • Total interior livable area: 7,910 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Garage
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Deck
    • Spa features: Community
    • Has view: Yes
    • View description: Creek/Stream, Trees/Woods, Valley
    • Has water view: Yes
    • Water view: Creek/Stream
    • Waterfront features: Creek, Stream
    • Body of water: Golf Creek
    Lot
    • Size: 4.51 Acres
    • Features: Hilly, Trees, Wooded, Acres 3 to 5
    Details
    • Additional parcels included: R67616
    • Parcel number: R67625
    • Zoning: R5

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Siding
    • Foundation: Concrete Perimeter
    • Roof: Rubber
    Condition
    • Updated/Remodeled
    • Year built: 1954

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Central Air, Front Yard Landscaping, Spa Hot Tub
    • Subdivision: West Slope
    HOA
    • Has HOA: No
    Location
    • Region: Portland

    Financial & listing details

    • Price per square foot: $455/sqft
    • Tax assessed value: $514,330
    • Annual tax amount: $14,580
    • Date on market: 3/19/2025
    • Listing terms: Cash,Conventional,Owner Will Carry
    • Total actual rent: 23256
    • Road surface type: Gravel
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