Nestled along the Tualatin River, this 5+ acre property includes two tax lots (second one on the other side of Rainbow Ln.) and offers a rare mix of functionality and tons of potential. Currently operating as a nursery, it features a level lot with a full irrigation system and an agreement for water usage directly from the Tualatin river. A large outbuilding provides ample storage for tools, equipment, or recreational toys. The single-level home offers a starting point to build a your dream home! Whether you’re looking for land to grow or start your own business, level acreage to build a custom home, or an amazing investment opportunity, this property delivers versatility in a prime setting. Looking to invest? Ask about profiting from a lease back to the existing owner. Schedule a visit today!
Sold
$525,000
25480 SW Rainbow Ln, Hillsboro, OR 97123
2beds
989sqft
Residential, Single Family Residence
Built in 1953
5.47 Acres Lot
$-- Zestimate®
$531/sqft
$2,059 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,059/mo
Zestimate® history
Owner options
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$3,217/mo
Est. payment
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List your homeWhat's special
Level lotSingle-level homeTualatin riverFull irrigation system
Zillow last checked:
Listing updated:
Listed by:
Alexander Johnson 503-333-9626,
Keller Williams PDX Central
Bought with:
Benjamin Acosta, 200212094
Rose City Realty
Source: RMLS (OR),MLS#: 100581130
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- None
Features
- Storage
- Windows: Aluminum Frames
- Basement: None
Interior area
- Total structure area: 989
- Total interior livable area: 989 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street, RV Access/Parking, RV Boat Storage, Oversized
- Garage spaces: 2
Accessibility
- Accessibility features: Minimal Steps, One Level, Accessibility
Features
- Levels: One
- Stories: 1
- Waterfront features: River Front
- Body of water: Tualatin River
Lot
- Size: 5.47 Acres
- Features: Flood Zone, Level, Acres 5 to 7
Details
- Additional structures: Barn, RVBoatStorage, ToolShed, Storagenull, Storage
- Additional parcels included: R564810
- Parcel number: R564482
- Zoning: AF-5
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum, Wood Siding
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Hillsboro
Other
Other facts
- Listing terms: Cash,Conventional,Lease Back
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Sold | $525,000-4.5%$531/sqft |
Source:  RMLS (OR) #100581130 Report a problem | ||
| 1/15/2026 | Pending sale | $549,999$556/sqft |
Source: RMLS (OR) #100581130 Report a problem | ||
| 1/2/2026 | Price change | $549,999-8.3%$556/sqft |
Source: RMLS (OR) #100581130 Report a problem | ||
| 11/4/2025 | Price change | $599,999-14.3%$607/sqft |
Source: RMLS (OR) #100581130 Report a problem | ||
| 9/5/2025 | Listed for sale | $699,999$708/sqft |
Source: RMLS (OR) #100581130 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,391 +1.3% | $180,390 +3% |
| 2024 | $2,359 +2.9% | $175,140 +3% |
| 2023 | $2,293 +2.6% | $170,050 +3% |
| 2022 | $2,234 +1.8% | $165,090 |
| 2021 | $2,194 +2.1% | -- |
| 2020 | $2,148 +3.8% | $155,630 +3% |
| 2019 | $2,069 +3.3% | $151,110 +0.1% |
| 2018 | $2,003 | $150,920 +6% |
| 2017 | $2,003 +9.4% | $142,430 +3% |
| 2016 | $1,831 | $138,290 +3% |
| 2015 | $1,831 +4.5% | $134,270 +3% |
| 2014 | $1,753 +2.5% | $130,360 +3% |
| 2013 | $1,710 +2.8% | $126,570 +3% |
| 2012 | $1,664 +3.7% | $122,890 -46.6% |
| 2011 | $1,604 +1.8% | $230,000 +0% |
| 2010 | $1,576 +3.9% | $229,930 -5.3% |
| 2009 | $1,516 +6.9% | $242,840 -10.2% |
| 2008 | $1,419 -2.9% | $270,540 +7.1% |
| 2007 | $1,462 +27.7% | $252,540 +24.2% |
| 2006 | $1,145 -1% | $203,350 +13.2% |
| 2005 | $1,157 +1.5% | $179,660 -3.3% |
| 2004 | $1,139 +3.1% | $185,870 +28.2% |
| 2003 | $1,105 +0.4% | $144,990 +2.7% |
| 2002 | $1,101 -2.5% | $141,230 -0.4% |
| 2001 | $1,129 +20.7% | $141,820 +4% |
| 2000 | $936 | $136,400 |
Find assessor info on the county website
Neighborhood: 97123
Nearby schools
GreatSchools rating
- 7/10Groner Elementary SchoolGrades: K-8Distance: 0.8 mi
- 4/10Hillsboro High SchoolGrades: 9-12Distance: 5.5 mi
Schools provided by the listing agent
- Elementary: Groner
- Middle: South Meadows
- High: Hillsboro
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Oregon
- Washington County
- Hillsboro
- 97123
- 25480 SW Rainbow Ln
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