1390 Forest Avenue, Portland, ME 04103

Portland
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
1390 Forest Avenue,Portland, ME 04103
$9,999,500
Virtual Tour
  • - Beds
  • 30 Baths
  • 38,592 sq. ft.
  • Multi-family
  • Active
Listed by: bruce ludka
Office: maine realty 2000
MLS#:1660904
Source:ME_MREIS

Price summary

  • Price:$9,999,500
  • Price per sq. ft.:$259.11

About this home

''MAJOR INVESTMENT OPPORTUNITY'' This is a rare opportunity to own this well maintained 44 unit apartment complex featuring 5 separate buildings on a beautiful 3.8 Acre lot that is extremely convenient to everything including public transportation. The 5 buildings consist of 3 three story 12 unit buildings and 2 two story 4 unit buildings, all units are 2 bedroom, 3 different styles with some including a laundry, heat & hot water included with natural gas, an additional extensive shop area / storage / office spaces with a half bath below unit #5, large shed, ample parking with guest spaces, nice lawn area, lots of updates & improvements including windows, excellent rental history, currently fully occupied with mostly long term tenants & great payment history. THIS IS A VERY SOLID ALL AROUND MULTIUNIT RENTAL PROPERTY WITH GREAT OVERALL NUMBERS, MOSTLY LONG TERM TENANTS, LOW TURNOVER, RARE VACANCIES, THE POTENTIAL FOR INCREASED RENTS, SUBSTANTIALLY MORE VERSATILITY & SIGNIFICANTLY...

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Home facts

  • Year built:1985
  • Listing ID #:1660904
  • Updated:May 14, 2026 at 02:55 PM

Rooms and interior

  • Total bathrooms:30
  • Full bathrooms:30
  • Flooring:Carpet, Laminate
  • Basement Description:Exterior Only
  • Living area:38,592 sq. ft.

Heating and cooling

  • Heating:Baseboard, Gas Natural, Hot Water

Structure and exterior

  • Year built:1985
  • Building area:38,592 sq. ft.
  • Lot area:3.8 Acres
  • Lot Features:Intown, Level, Near Public Transit, Near Shopping, Near Turnpike/Interstate, Open, Sidewalks, Well Landscaped, Wooded
  • Architectural Style:Colonial
  • Construction Materials:Vinyl Siding, Wood Frame

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$9,999,500
  • Price per sq. ft.:$259.11
  • Tax amount:$1 (2025)

Parking

  • Parking description:21+ Spaces, On Site, Paved
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