1148-1150 Forest Avenue, Portland, ME 04103

Portland
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
1148-1150 Forest Avenue,Portland, ME 04103
$699,000
  • - Beds
  • 2 Baths
  • 2,136 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Thu, Sep 24
    12:00 pm - 01:30 pm
  • Fri, Sep 25
    12:00 pm - 01:30 pm
Office: coastal pine real estate, llc.
MLS#:1681452
Source:ME_MREIS

Price summary

  • Price:$699,000
  • Price per sq. ft.:$327.25

About this home

Opportunity awaits at this well-located two-unit property in Portland. Each spacious unit offers two bedrooms, one full bath and a comfortable five-room layout, with dedicated electric meters and water heaters. Currently tenant-occupied, generating rental income and offering an appealing option for investors or owner-occupants looking to offset their mortgage with rental revenue. Several major exterior and mechanical improvements have already been completed, including a newer furnace, water heater and roof. A full unfinished basement provides additional storage with laundry, while the attic offers potential to expand the second-floor unit, subject to applicable approvals. The paved driveway provides plenty of off-street parking—a valuable convenience in Portland. Located in a Multi-Use Commercial zone with excellent visibility and convenient access to shopping, local businesses, major roadways and the Maine Turnpike, the property may also offer possibilities for a home-based or...

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Home facts

  • Year built:1930
  • Subdivision & Development:Deering
  • Listing ID #:1681452
  • Updated:September 23, 2026 at 12:17 PM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Laminate, Vinyl, Wood
  • Kitchen Description:Pantry
  • Bedroom Description:1st Floor Bedroom
  • Basement Description:Full, Interior Entry, Unfinished
  • Living area:2,136 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air, Heating, Hot Water, Oil

Structure and exterior

  • Roof:Shingle
  • Year built:1930
  • Building area:2,136 sq. ft.
  • Lot area:0.09 Acres
  • Lot Features:Business District, Intown, Near Shopping, Near Turnpike/Interstate, Sidewalks
  • Construction Materials:Vinyl Siding, Wood Frame
  • Foundation Description:Brick/Mortar, Poured Concrete, Stone
  • Levels:Multi Level

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$699,000
  • Price per sq. ft.:$327.25
  • Tax amount:$6,608 (2025)

Features and amenities

  • Laundry features:Washer Hookup

Parking

  • Parking description:5 - 10 Spaces, Off street, Paved
MLS LogoMREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved ME_MREIS Member Broker: Christopher Masiello

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