$3,600,000

8720 SW Katherine Ln Unit A Portland, OR 97225

West Slope Neighborhood

Estimated payment $21,174/month

6 Beds
2 Baths
3,000 Sq Ft
$1,200 Price per Sq Ft

Highlights

  • Home fronts a creek
  • RV Access or Parking
  • 4.51 Acre Lot
  • Ridgewood Elementary School Rated A-
  • View of Trees or Woods
  • Hilly Lot

About This Home

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.

Listing Agent

Adrian Wild

Keller Williams Realty Professionals License #200410139

Keller Williams Realty Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,581

Year Built

  • Built in 1954 | Remodeled

Lot Details

  • 4.51 Acre Lot
  • Home fronts a creek
  • Creek or Stream
  • Hilly Lot
  • Wooded Lot
  • Landscaped with Trees
  • Property is zoned R5

Parking

  • 2 Car Detached Garage
  • RV Access or Parking

Property Views

  • Woods
  • Creek or Stream
  • Valley

Home Design

  • Rubber Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Double Pane Windows
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Washer and Dryer

Kitchen

  • Gas Oven or Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Schools

  • Ridgewood Elementary School
  • Cedar Park Middle School
  • Beaverton High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Wood
  • Heat Pump System
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • West Slope Subdivision

Listing and Financial Details

  • Assessor Parcel Number R67625

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,581

Year Built

Built in 1954 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1954
  • Property Condition: UpdatedRemodeled
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: DaylightRanch
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Total Bathrooms: 2.0
  • Fireplaces: 2
  • Interior Amenities: HardwoodFloors, Quartz, WasherDryer, WoodFloors
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Lower
  • Room 5 Description: _5thBedroom
  • Room 5 Level: Lower
  • Room 6 Description: _6thBedroom
  • Room 6 Level: Lower
  • Basement: Daylight, Finished, FullBasement
  • Window Features: DoublePaneWindows
  • Appliances: Dishwasher, FreeStandingRange, GasAppliances, Microwave, Quartz
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: WoodBurning
  • Fireplace: Yes
  • BathroomsFullLowerLevel: 1
  • Main Level Full Bathrooms: 1
  • BathroomsTotalLowerLevel: 1.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: Acres3to5
  • Room 11 Level: Upper
  • Room 12 Level: Upper
  • Room 13 Level: Upper
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Upper
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Upper

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 3 to 4.99 Acres
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter
  • R V Description: RVParking
  • View: Yes
  • Lot Features: Hilly, Stream, Trees, Wooded
  • Road Surface Type: Gravel
  • Water Body Name: Golf Creek
  • Waterfront Features: Creek
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Rubber
  • View: CreekStream,TreesWoods,Valley

Garage/Parking

  • Garage Type: Detached
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas,WoodBurning
  • Hot Water: Gas
  • Cooling: CentralAir, HeatPump
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Ridgewood
  • High School: Beaverton
  • Middle Or Junior School: Cedar Park

Lot Info

  • Zoning: R5
  • Land Lease: No
  • Lot Size Acres: 4.51
  • Lot Size Sq Ft: 196455.0
  • Parcel #: R67625
  • Assessor Parcel Number 2: R67616

Green Features

  • Green Certification: No

Rental Info

  • Rent Amount: 24157

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 14580.56

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,890 $446,310 -- --
2024 $7,477 $433,320 -- --
2023 $7,477 $420,700 $0 $0
2022 $7,215 $420,700 $0 $0
2021 $6,914 $396,560 $0 $0
2020 $6,866 $385,010 $0 $0
2019 $6,642 $373,800 $0 $0
2018 $6,424 $362,920 $0 $0
2017 $6,193 $352,350 $0 $0
2016 $5,972 $342,090 $0 $0
2015 $5,742 $332,130 $0 $0
2014 $5,627 $322,460 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 For Sale $3,600,000 -- $1,200 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $440,000 First American
Interfamily Deed Transfer -- --
Warranty Deed $275,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $340,000 New Conventional
Previous Owner $150,000 Credit Line Revolving
Previous Owner $48,000 Credit Line Revolving
Previous Owner $220,000 No Value Available
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 637290151

Regional Multiple Listing Service (RMLS)

APN: R0067625