diff --git a/django/db/models/base.py b/django/db/models/base.py
index 13c15d555a..7242e6baa7 100644
--- a/django/db/models/base.py
+++ b/django/db/models/base.py
@@ -107,6 +107,12 @@ class Model(object):
             else:
                 val = kwargs.pop(f.attname, f.get_default())
                 setattr(self, f.attname, val)
+        for prop in kwargs.keys():
+            try:
+                if isinstance(getattr(self.__class__, prop), property):
+                    setattr(self, prop, kwargs.pop(prop))
+            except AttributeError:
+                pass
         if kwargs:
             raise TypeError, "'%s' is an invalid keyword argument for this function" % kwargs.keys()[0]
         for i, arg in enumerate(args):
diff --git a/tests/modeltests/properties/models.py b/tests/modeltests/properties/models.py
index e9d8da9594..3b0133bf8a 100644
--- a/tests/modeltests/properties/models.py
+++ b/tests/modeltests/properties/models.py
@@ -12,8 +12,14 @@ class Person(models.Model):
 
     def _get_full_name(self):
         return "%s %s" % (self.first_name, self.last_name)
+
+    def _set_full_name(self, combined_name):
+        self.first_name, self.last_name = combined_name.split(' ', 1)
+
     full_name = property(_get_full_name)
 
+    full_name_2 = property(_get_full_name, _set_full_name)
+
 API_TESTS = """
 >>> a = Person(first_name='John', last_name='Lennon')
 >>> a.save()
@@ -25,4 +31,10 @@ API_TESTS = """
 Traceback (most recent call last):
     ...
 AttributeError: can't set attribute
+
+# But "full_name_2" has, and it can be used to initialise the class.
+>>> a2 = Person(full_name_2 = 'Paul McCartney')
+>>> a2.save()
+>>> a2.first_name
+'Paul'
 """