2371 SE 51st Ave, Portland, OR 97215
Local realty services provided by:Knipe Realty ERA Powered
2371 SE 51st Ave,Portland, OR 97215
$799,999
- - Beds
- - Baths
- 2,004 sq. ft.
- Multi-family
- Active
Listed by: jordan snook
Office: works real estate503-714-7053
MLS#:209170910
Source:PORTLAND
Price summary
- Price:$799,999
- Price per sq. ft.:$399.2
About this home
Exceptional Richmond District Opportunity | Remodeled Home + Future Development PotentialRare opportunity to acquire a beautifully remodeled home with professionally prepared cottage cluster plans illustrating the potential for additional future development. Prime Richmond location with convenient access to neighborhood restaurants, parks, shopping, transit, and some of Portland's most desirable amenities.The existing residence has been extensively renovated and offers 3 bedrooms, 3 full bathrooms, plus a fourth non-conforming bedroom in the finished basement. Blending original character with modern updates, the home features flexible living spaces and income-producing potential. The lower level includes a separate exterior entrance and kitchenette, creating opportunities for multigenerational living, guest accommodations, or additional rental income. *Remodel on existing home will be finished on 7/1/26 with photos to follow. In addition to the existing home, the seller has invested in professionally prepared plans exploring multiple development scenarios for the site.Concept Option #1 – Two Detached Cottage With BasementApproximately 1,285 SF each3 bedrooms + office3 full bathroomsUpper-level primary suite plus additional bedroom and bathroomMain-level office/flex space and full bathroomFinished lower level with kitchenette, living area, bedroom, and bathroomPotential flexibility for separate upper and lower-level living arrangements (buyer to verify)Concept Option #2 – Alternative Cottage ConfigurationApproximately 2 bedrooms and 2.5 bathrooms per unitDual upstairs en-suite bedroomsFlexible main-level layout optionsPotential office/flex spaceAdditional floor plan variations available for reviewWhether your goal is to occupy the primary residence, generate rental income, pursue future development, or create a multigenerational compound, this property offers a unique combination of immediate usability and long-term upside. Buyer to verify development oppurtunities....
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Home facts
- Year built:1926
- Subdivision & Development:Treet 51st Add
- Listing ID #:209170910
- Added:53 day(s) ago
- Updated:August 12, 2026 at 01:37 PM
Rooms and interior
- Basement Description:Finished
- Living area:2,004 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1926
- Building area:2,004 sq. ft.
- Lot area:0.16 Acres
- Lot Features:Level
- Foundation Description:Concrete Perimeter
- Levels:1 Story
Schools
- High school:Franklin
- Middle school:Harrison Park
- Elementary school:Atkinson
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$799,999
- Price per sq. ft.:$399.2
- Tax amount:$5,734 (2025)
Parking
- Parking description:Driveway
- Garage spaces:1
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