Active
Multifamily
736 Forest Avenue
Portland, ME 04103
Baths
4
Square Ft.
3,540
$799,000
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… Read More land use docs). The upper levels contain two, fully renovated and occupied 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 Read Less
Courtesy of Elevate Maine Realty 207-203-9022, .
Listing Snapshot
Days Online
236
Last Updated
Full Baths
3
Partial Baths
1
Square Ft.
3,540
Lot Size
0.09 Acres
Year Built
1900
MLS Number
1638196
Additional Details
Basement
Basement: "Interior", "Full", "Unfinished"
Building
Architectural Style: "New Englander", Building Area Total: 3,540, Construction Materials: "Wood Frame", "Aluminum Siding", Number Of Units Total: 3, Year Built: 1900, 3 stories
Cooling
Cooling: "None"
Expenses
Operating Expense: $14,000
Floors
Flooring: "Luxury Vinyl", "Wood"
Foundation
Foundation Details: "Brick/Mortar", "Poured Concrete"
Heating
Heating: "Gas Natural", "Direct Vent Heater", Heating Included
Income
Gross Income: $106,800
Lot
Features: "Corner Lot", "Sidewalks", "Near Shopping", "Near Turnpike/Interstate", "Near Town", "Neighborhood", "Near Public Transit", 0.09 acres, Area: 0.09, 3,920 square feet
Owner Pays
Owner Name: Dos Mingos LLC
Parking
Features: "Paved", "1 - 4 Spaces", "On Site"
Property
Parcel Number: PTLD-000130-H000018-000001, Zoning: B2b
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $9,005, Tax Lot: 18
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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