A one-of-a-kind investment opportunity—two adjoining parcels totaling 4.51 forested R5 acres, just minutes from downtown Portland. This income-generating 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.
Active
$3,600,000
8720 SW Katherine Ln #A, Portland, OR 97225
6beds
3,000sqft
Est.:
Residential, Single Family Residence
Built in 1954
4.51 Acres Lot
$-- Zestimate®
$1,200/sqft
$-- HOA
What's special
Remodeled barn-themed retreatHot tubElevated hideawayRemodeled daylight ranchCozy woodland retreatGrand pianoOrthopedic bed
- 123 days
- on Zillow |
- 306 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: May 01, 2025 at 06:38am
Listed by:
Adrian Wild 503-380-8492,
Keller Williams Realty Professionals
Source: RMLS (OR),MLS#: 637290151

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Rooms
- Room types: Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Upper
Bedroom 1
- Level: Lower
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Bedroom 4
- Level: Lower
Bedroom 5
- Level: Lower
Dining room
- Level: Upper
Kitchen
- Level: Upper
Living room
- Level: Upper
Heating
- Forced Air
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher, Free-Standing Range, Gas Appliances, Microwave, Washer/Dryer, Gas Water Heater
Features
- Quartz
- Flooring: Hardwood, Wood
- Windows: Double Pane Windows
- Basement: Daylight,Finished,Full
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Stories: 2
- 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: SingleFamily
- Architectural style: Daylight Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1954
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: West Slope
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $1,200/sqft
- Annual tax amount: $14,580
- Date on market: 3/19/2025
- Listing terms: Cash,Conventional,Owner Will Carry
- Road surface type: Gravel
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