2371 Se 51st Ave

Portland, OR
$ 780,000 Beds 3 Baths 3 Sq 2,004
Monthly Estimate* How much can I afford?

Exceptional Richmond District Opportunity | Remodeled Home + Development PotentialThis 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.

Active

  • Price
  • $ 780,000
  • City
  • Portland
  • Bedrooms
  • 3
  • Full Bathrooms
  • 3
  • County
  • MULTNOMAH
  • Half Bathrooms
  • 0
  • Area
  • 143
  • Lot Size
  • 0.155 Acres
  • Zip
  • 97215
  • Sqr Footage
  • 2,004
  • Year Built
  • 1926
  • Taxes
  • $ 5734
  • Style
  • Stories2,Cottage
  • MLS#
  • 291424038
Listed By: Works Real Estate - jordan@pdxworksrealestate.com
Data Source: Regional Multiple Listing Service (RMLSOR)

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
Parcel Number R162689
County Multnomah
Property Type Residential
HOA No
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 6751.0
Listing Terms Cash,Conventional
Elementary School Atkinson
Tax Annual Amount 5734.0
Middle/Junior High School Harrison Park
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N No
Legal Description 51ST STREET ADD,BLOCK 1,N 1/2 OF E 25' OF LOT 18,N 1/2 OF LOT
AttributionContact jordan@pdxworksrealestate.com
SeniorCommunityYn False
ADU False

Interior Features

Basement Finished,FullBasement
Total Fireplaces 1
Fireplace Features WoodBurning
Total Bathrooms 3.0
FuelDescription Gas
Total Bedrooms 3
Total Baths 3

Exterior Features

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 0.155
Road Surface Type Paved

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Hillsboro, OR office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Atkinson Elementary School
Middle School Harrison Park Middle School
High School Franklin High School

Price History

8/28/2026 Listed $799,999
9/21/2026 3% - $780,000

Property vs Zip Code Average in 97215

Price
AVG $860K
$780K
Taxes
AVG $9,340
$5,734
Year Built
AVG 1934
1926
Visits
AVG 73
37
Data Provided by Inside Real Estate®

Areas That We Cover

2371 Se 51st Ave Portland, OR is a Single Family Home for sale at $780000 with 2004 sqft and a lot size of 0.155 Acres Acre(s). 2371 Se 51st Ave Portland has 3 bedrooms, 3 baths and was built in 1926. The property's zip code is 97215 which is in Portland, OR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.