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Listed by Melanie Crane Michael Navarro Elevate Maine Realty
$ 860,000
Est. payment /mo
Active
736 Forest AVE Portland, ME 04103
4 Baths
3,540 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,540 sqft
Price per Sqft $242
MLS Listing ID 1638196
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1900
Tax Year 2026
Lot Size 3,920 Sqft
Acres 0.09
Source Maine Listings
Land Area 3540
Property Description
High-visibility property in the Mixed Use Zone B-2B, located on the corner of Forest Ave & Pleasant Ave, just north of Woodford's Corner. The property offers a first-floor 829 SF commercial corner suite with approx 35,000+ cars/day traffic count - ideal for retail, office, salon/barber, and other permitted uses (see land use docs).
The upper levels contain two, fully renovated residential units with separate entrances: a 2BD/1BA (945 SF, $2,500/month) and a 4BD/2BA (1,766 SF, $3,4000/month). High rental demand and modern finishes position these units for strong long-term performance. Additional features include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation.
Strategic location minutes from I-295 and downtown Portland, and within half a mile of Back Cove, Stevens Ave Deering neighborhood (Norimoto Bakery, Rambler Café, Pat's Meat Market), and Woodfords Corner amenities. A flexible investment opportunity suitable for owner-occupiers or investors seeking a mixed-use property with strong signage visibility and cash flow potential.
Also listed as COMMERCIAL MLS#: 1638190
The upper levels contain two, fully renovated residential units with separate entrances: a 2BD/1BA (945 SF, $2,500/month) and a 4BD/2BA (1,766 SF, $3,4000/month). High rental demand and modern finishes position these units for strong long-term performance. Additional features include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation.
Strategic location minutes from I-295 and downtown Portland, and within half a mile of Back Cove, Stevens Ave Deering neighborhood (Norimoto Bakery, Rambler Café, Pat's Meat Market), and Woodfords Corner amenities. A flexible investment opportunity suitable for owner-occupiers or investors seeking a mixed-use property with strong signage visibility and cash flow potential.
Also listed as COMMERCIAL MLS#: 1638190
Location
State ME
County Cumberland
Zoning B2b
Direction Corner of Forest Ave and Pleasant Ave, Portland
Rooms
Basement Interior Entry
Interior
Heating Direct Vent Heater
Cooling None
Flooring Wood, Luxury Vinyl
Fireplace No
Exterior
Utilities Available Utilities On
Roof Type Shingle
Garage No
Building
Lot Description Business District
Story 3
Entry Level Multi-Level
Water Public
Architectural Style New Englander
Others
Tax ID PTLD-000130-H000018-000001
