Estimated payment $21,327/month
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.
Last Listed By
Keller Williams Realty Professionals License #200410139 Listed on: 03/19/2025
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Est. Annual Taxes
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Listing and Financial Details
Overview
Building Details
| 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 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/19/2025 03/19/25 | For Sale | $3,600,000 | +718.2% | -- |
| 11/13/2020 11/13/20 | Sold | $440,000 | 0.0% | $110 / Sq Ft |
| 08/15/2020 08/15/20 | Pending | -- | -- | -- |
| 08/15/2020 08/15/20 | For Sale | $440,000 | -- | $110 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $440,000 | First American | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $275,000 | First American Title Ins Co |
| 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 |
$3,000,000
Great rental income opportunity! This oversized lots have 11 unique spaces that include 9 two-story homes built in 2001 (4 duplexes, 1 single) & 2 detached single family residences built in 1949. Each home includes all appliances, washer, dryer, 2 parking spots & small private outdoor space! Parking lot resealed July 2022. Less than 1% vacancy rate. Owner pays for water, sewer & garbage. New
Ariel Sasser Property Group NW
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 192718413
APN: R0067625
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