736 Forest Avenue, Portland, ME 04103
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
736 Forest Avenue,Portland, ME 04103
$799,000
- - Beds
- 4 Baths
- 3,540 sq. ft.
- Multi-family
- Pending
Office: elevate maine realty
MLS#:1665886
Source:ME_MREIS
Price summary
- Price:$799,000
- Price per sq. ft.:$225.71
About this home
High-visibility mixed-use opportunity in Portland's B-2B Mixed Use Zone, prominently positioned on the corner of Forest Ave & Pleasant Ave just north of Woodford's Corner. Offering exceptional exposure with a traffic count of approximately 35,000+ vehicles per day, the property features an 829 SF first-floor commercial corner suite--ideal for retail, office, salon/barber, or other permitted uses (see land use documents). Above the commercial space are two fully renovated and occupied residential units with separate entrances, creating immediate income potential. The second floor offers a 2BD/1BA unit (945 SF) currently rented for $2,500/month plus utilities, while the third floor features a spacious 4BD/2BA unit (1,766 SF) rented for $3,400/month plus utilities. Modern updates and strong rental demand make these units well-positioned for long-term performance. Additional highlights include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation. Conveniently located just minutes from I-295 and downtown Portland, and within a half-mile of Back Cove, the Stevens Ave/Deering neighborhood, and local favorites such as Norimoto Bakery, Rambler Café, Pat's Meat Market, and Woodford Food & Beverage. Whether you're an investor seeking strong cash flow or an owner-occupant looking to combine business and real estate ownership, this versatile property offers a rare blend of income, flexibility, and unmatched visibility. Also listed as COMMERCIAL MLS# 1665887....
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Home facts
- Year built:1900
- Listing ID #:1665886
- Updated:September 18, 2026 at 08:30 AM
Rooms and interior
- Total bathrooms:4
- Full bathrooms:3
- Flooring:Luxury Vinyl, Wood
- Basement Description:Full, Interior Entry, Unfinished
- Living area:3,540 sq. ft.
Heating and cooling
- Heating:Direct Vent Heater, Gas Natural, Heating
Structure and exterior
- Roof:Shingle
- Year built:1900
- Building area:3,540 sq. ft.
- Lot area:0.09 Acres
- Lot Features:Business District, Corner Lot, Near Public Transit, Near Shopping, Near Town, Near Turnpike/Interstate, Neighborhood, Sidewalks
- Architectural Style:New Englander
- Construction Materials:Aluminum Siding, Wood Frame
- Foundation Description:Brick/Mortar, Poured Concrete, Stone
- Levels:Multi Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$799,000
- Price per sq. ft.:$225.71
- Tax amount:$9,005 (2026)
Parking
- Parking description:1 - 4 Spaces, On Site, Paved
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