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About the Listing PWRK01 - SJORDAN
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.
Listing Highlights
Status
Active
Days on Site
30
Property Type
Multi-Family
MLS ®
209170910
Year Built
1926
Total Square Footage
2,004
Lot/Acreage
0.15
County
Multnomah
Neighborhood
Treet 51st Add
Elementary School
Atkinson
Middle School
Harrison Park
High School
Franklin
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: 1 car
- Zoning: RM -1
- Roof: Composition
- Others: Updated/Remodeled
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $5,734
- Taxes w/Assessments: N/A
- Tax/Property ID: R162689
- Tax Year: N/A
Payment Calculator
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Questions About..
2371 SE 51st Ave Portland, OR 97215
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