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    8720 SW Katherine Ln Portland, OR 97225

    For Sale
    $3,600,000

    MULTI_FAMILY - Portland, OR

    Lot size:
    4.51 Acres
    Days on Market:
    77
    Last Refresh:
    Dec 13 at 12:06 pm

    Property Features for 8720 SW Katherine Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R5
    Rooms
    Bedroom 1, Bathroom 5, Bedroom 6, Bedroom 11, Bedroom 9, Bathroom 1, Bathroom 8, Bedroom 7, Bedroom 14, Bedroom 15, Bedroom 2, Bathroom 4, Bedroom 13, Bathroom 2, Bedroom 4, Bedroom 8, Bathroom 3, Bedroom 5, Bathroom 7, Bedroom 10, Bathroom 6, Bedroom 3, Bedroom 12
    Bedrooms
    15
    APN
    R67625
    Lot size
    4.51 Acres

    Utilities

    Heating system
    Wood, Forced Air, Wood Stove
    Cooling system
    Central Air
    Water front features
    Creek

    Building Details

    Year built
    1954
    Number of units
    6
    Roof type
    Rubber

    Keller Williams Realty Professionals (503) 546-9955 [email protected]

    Listing agent Adrian Wild (503) 546-9955

    Listing date Sep 28, 2025

    MLS# 192718413 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Forested Acres with Rental Units

    This unique investment opportunity features two adjoining parcels totaling 4.51 forested acres, located minutes from downtown Portland. The property, zoned R5, includes multiple rental units within a natural setting, offering high revenue potential. The 8720 SW Katheryn Ln parcel features a remodeled 3,000 sq. ft. daylight ranch with six bedrooms, two permitted kitchens, and timber construction on 2.16 acres. The 2215 SW 87th Ave parcel includes a 3,270 sq. ft. four-bedroom, three-bath home with remodeled bathrooms, wood paneling, and a metal roof on 2.35 acres. Short-term rental units include Yeti's Treehouse, built on four live trees and featuring a kitchenette, bathroom, outdoor soaking tub, and zipline. The Old Barn is a remodeled barn-themed retreat with a large kitchen area, grand piano, orthopedic bed, and hot tub. Sasquatch Tiny Treehouse is a woodland retreat with wood paneling, kitchenette, vaulted ceilings, and a full bathroom. Bigfoot Glamping Treehouse is an elevated hideaway overlooking the ravine. The property has a current track NOI of $328,385 for 2025. The sale includes six months of consulting to ensure a smooth transition. This property is suitable as a rental operation, a retreat, or a development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.767261
    Latitude
    45.504832

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    FAQs

    What type of property is this?
    Single family property - Unique investment opportunity near downtown Portland with high revenue potential.
    Where is this single family property located?
    The property is located at 8720 SW Katherine Ln Portland, OR.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - High Income Potential: Established short-term rental business with substantial NOI ($234,711.17 in 2024, projected $328,385 in 2025).; - Unique Rental Units: Includes four distinct short-term rental units (Yeti's Treehouse, The Old Barn, Sasquatch Tiny Treehouse, Bigfoot Glamping Treehouse).; - Large Acreage: 4.51 forested acres comprised of two adjoining parcels.
    (503) 546-9955
    Request Owner's contact information
    8720 SW Katherine Ln Portland, OR 97225
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    Portland, OR 97225
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8720 SW Katherine Ln Portland, OR 97225
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