For sale Home

Listed Oct 6, 2026

$759,000 Est. $5,020/mo

2371 Southeast 51st Avenue

  • 3

    Beds

  • 3

    Baths

  • 2,004

    Sq ft

The story

  • Basement

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.

Facts & features

Home type

Home

Year built

1926

Floors

3

Price per sq ft

$379

Parking

1-car garage

Included features

  • Fireplace

    1 fireplace

  • Basement

    Yes

  • Heating

    Forced Air

  • Appliances

    Dishwasher, Free Standing Range, Free Standing Refrigerator, Range Hood

  • Roof

    Composition

  • Lot Information

    Level

  • Exterior

    Covered Deck, Covered Patio, Fenced, Fire Pit, Yard

  • Water Source

    Public Water

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$5,020 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $4,040
  • Property tax $759
  • Insurance $221

Includes principal, interest, taxes & insurance.

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Listing Broker

Dream Dwelling

Broker Name

Dream Dwelling

Agent

Jordan Snook