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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 tubElevated hideawayRemodeled daylight ranchCozy woodland retreatGrand pianoOrthopedic bed
    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.
    40 days
    on Zillow
    |
    1,068
    |
    28
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    Zillow last checked: 7 hours ago

    Listing updated: April 05, 2025 at 03:02am

    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 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 15
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Forced Air, 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
    • 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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