736 Forest AvenuePortland, ME 04103MLS Number 1665886

  • Price: $799,000
  • Est. Mortgage of $/month
  • 1 Day on Market
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$/month over payments
Federal 30-year interest rate: 6.48% last updated on Jun 4, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103736 Forest Avenue Portland ME 04103
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  • 4Bathrooms
  • 0.09Acreage
  • 3,540Square Feet
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 Caf, 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.
Listed by Elevate Maine Realty

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AllMaineHomes
AllMaineHomes
Office: 207-623-2100
183 State St
#102
Augusta, ME 04330

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More Info

Tax Information

  • Parcel Number PTLD-000130-H000018-000001
  • Taxes$9,005

Location

  • Address736 Forest Avenue
  • Building Number736
  • CountyCumberland
  • StateME
  • StreetForest Avenue
  • TownPortland
  • Zip04103

Property Information

  • Acreage0.09
  • Lot Features Business District, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Corner Lot, Sidewalks, Near Public Transit
  • Square Feet3,540

Other

  • Date Listed06/06/2026
  • Unit 1 Full Baths 1
  • Unit 1 Lease Yes
  • Unit 1 Level First
  • Unit 1 Monthly Rent $2,500
  • Unit 1 Rooms 4
  • Unit 1 Water Yes
  • Unit 2 Full Baths 2
  • Unit 2 Lease Yes
  • Unit 2 Level Second
  • Unit 2 Monthly Rent $3,400
  • Unit 2 Rooms 8
  • Unit 2 Water Yes
  • Unit 3 Half Baths 1
  • Unit 3 Level First
  • Unit 3 Monthly Rent $2,000
  • Unit 3 Rooms 3
  • Unit 3 Water Yes

Parking

  • Parking Features Paved,1 - 4 Spaces, On Site

Basic Information

  • List Price$799,000
  • MLS Number1665886
  • Property TypeMulti-Family
  • StatusACT

Exterior

  • RoofShingle

Utilities

  • Electric Circuit Breakers
  • Heat SystemGas Natural, Direct Vent Heater
  • Heating YN Yes
  • Utilities Utilities On
  • Waste Water DisposalPublic Sewer

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 3
  • Full Bath3

Building

  • BasementInterior Entry, Full, Unfinished
  • Building Info Heating Units 7
  • Building Info Water Heaters 2
  • Flooring Wood, Luxury Vinyl
  • Property StyleNew Englander
  • Stories3
  • Units3
  • Year Built1900

Amenities

  • Other AmenitiesBasement

Water Body

  • Water AccessPublic

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

All Maine Homes participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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