1148-1150 Forest AvenuePortland, ME 04103MLS Number 1681452

  • Price: $699,000
  • Est. Mortgage of $/month
  • 2 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.95% last updated on Sep 17, 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.
Open House
1148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 041031148-1150 Forest Avenue Portland ME 04103
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  • 2Bathrooms
  • 0.09Acreage
  • 2,136Square Feet
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 small-business use. A versatile Portland property offering rental income, ample parking, recent major improvements and future potential!
Listed by Coastal Pine Real Estate,LLC

Open Houses

September 24th
Starts: 12:00pm
Ends: 1:30pm
September 25th
Starts: 12:00pm
Ends: 1:30pm

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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-000152-A000004-000001
  • Taxes$6,608

Location

  • Address1148-1150 Forest Avenue
  • Building Number1148-1150
  • CountyCumberland
  • StateME
  • StreetForest Avenue
  • SubdivisionDeering
  • TownPortland
  • Zip04103

Utilities

  • Electric Circuit Breakers
  • Heat SystemOil, Baseboard, Forced Air, Hot Water
  • Heating YN Yes
  • Utilities Pole 1
  • Waste Water DisposalPublic Sewer

Other

  • Date Listed09/21/2026
  • Other Equipment Cable, Internet Access Available
  • Unit 1 Full Baths 1
  • Unit 1 Level First
  • Unit 1 Monthly Rent $2,300
  • Unit 1 Rooms 5
  • Unit 2 Full Baths 1
  • Unit 2 Level Second
  • Unit 2 Monthly Rent $2,000
  • Unit 2 Rooms 5

Parking

  • Parking Features Paved,5 - 10 Spaces, Off Street

Basic Information

  • List Price$699,000
  • MLS Number1681452
  • Property TypeMulti-Family
  • StatusACT

Property

  • Road Surface Type Paved

Interior

  • Interior Features 1st Floor Bedroom, Pantry

Property Information

  • Acreage0.09
  • Lot Features Business District, Intown, Near Shopping, Near Turnpike/Interstate, Sidewalks
  • Square Feet2,136

Rooms

  • Bathroom2
  • Bathrooms Total Decimal 2
  • Full Bath2
  • Laundry Features Washer Hookup

Building

  • BasementInterior Entry, Full, Unfinished
  • Flooring Laminate, Vinyl, Wood
  • Property StyleOther
  • Units2
  • Year Built1930

Exterior

  • RoofShingle

Amenities

  • Amenities1st Floor Bedroom, Washer Hookup, Pantry
  • Other AmenitiesBasement

Water Body

  • Water AccessPublic

Listing data is derived in whole or in part from the Maine IDX and 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. 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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