2371 SE 51ST AVE Portland, OR $ 759,000
2371 SE 51ST AVE
$ 759,000
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2371 SE 51ST AVE

Portland, OR, 97215
$ 759,000
Bedrooms3 Baths3.0 Sq 2,004

Monthly Estimate*

$ 5,242

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Single Family Home for sale in Portland, OR

for $759,000 with 3 bedrooms and 3 full baths. This 2,004 square foot home was built in 1926 on a lot size of 0.1.

Exceptional Richmond District Opportunity | Remodeled Home + Finished Basement with Second Kitchen + Double Lot Development Potential. This home offers 3 bedrooms, 3 full bathrooms, plus a fourth non-conforming bedroom in the finished basement. Set on an oversized lot, the home blends original character with modern updates and features flexible living spaces to suit a variety of needs. The lower level includes a separate exterior entrance and kitchenette—offering strong ADU potential and versatile options for multi-generational living, income-earning use, guest accommodations, or a home office.Enjoy a prime Richmond location close to Mt. Tabor, Division, and Hawthorne, with convenient access to neighborhood restaurants, parks, shopping, transit, and some of Portland's most desirable amenities.The sale includes an additional lot to the west, opening the door to an incredible lawn, expanded garden, or further development potential. The seller has also invested in engineer-ready plans to build two detached cottages, making this a rare development and investment opportunity on an established, oversized parcel.Buyer to perform their own due diligence regarding zoning and building potential.

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Single Family Active

Price

$ 759,000

Bedrooms

3

Full Bath

3

Property Type

Single Family

Taxes

$ 5,413

Style

Stories2,Cottage

Lot Size

0.1

Year Built

1926

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

221028977

Features
General
Sewer PublicSewer
Heating ForcedAir
Roof Composition
Appliances Dishwasher FreeStandingRange FreeStandingRefrigerator RangeHood
Zoning RM-1
Garage Spaces 1.0
Architectural Style Stories2 Cottage
Year Built 1926
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2025
Parcel Number R162689
County Multnomah
Property Type Residential
HOA N
Subdivision Name Treet 51st Add
Full Baths 3
Status Active
Directions Division & 51st
High School Franklin
City Portland
Disclosures Disclosure
MLS Area _143
Lot Size Square Feet 4356.0
Listing Terms Cash Conventional
Elementary School Atkinson
Tax Annual Amount 5413.5
Middle/Junior High School Harrison Park
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 51ST STREET ADD BLOCK 1 N 1/2 OF E 25' OF LOT 18 N 1/2 OF LOT
ADU False
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Interior
Basement Finished FullBasement
Total Fireplaces 1
Fireplace Features WoodBurning
Total Bathrooms 3.0
Total Bedrooms 3
Total Baths 3
1/2 Baths 0
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Exterior
Exterior Amenities CoveredDeck CoveredPatio Fenced FirePit Yard
Parking Features Driveway
Lot Features Level
Water Source PublicWater
Total Parking 1.0
Garage Type Detached
Exterior Description MetalSiding
Foundation Details ConcretePerimeter
Building Area Total 2004.0
Lot Size Acres 0.1
Road Surface Type Paved
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Internal Only
Street Number 1 2371
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* Excluded Features
List By
Dream Dwelling

Broker

jordan@dreamdwelling.com

Email

Affordability Calculator

$5,693
Per Month
92%
8%
0%
Monthly Principal & Interest
$5,242
Monthly Property Taxes
$451
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949194 Elementary School
3246420 Middle School
Franklin High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2026$759,000 Listed Price

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2371 SE 51ST AVE, Portland, OR, 97215 is a Single Family Home for sale at $759,000 with 2,004 sqft and a lot size of 0.1. 2371 SE 51ST AVE has 3 bedrooms, 3.0 baths, and was built in 1926. The property's zip code is 97215 which is in Portland, OR