736 Forest AVE, Portland, ME 04103
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736 Forest AVE, Portland, ME 04103
736 Forest AVE, Portland, ME 04103
736 Forest AVE, Portland, ME 04103
736 Forest AVE, Portland, ME 04103
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The Scoville Foley Team

The Scoville Foley Team

+1(207) 885-0500
Listed by Melanie Crane Michael Navarro Elevate Maine Realty
$ 799,000
Est. payment /mo
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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 $225

MLS Listing ID 1665886

Full Baths 3

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 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.

Location

State ME

County Cumberland

Zoning B2b

Direction Corner of Forest Ave and Pleasant Ave, Portland

Rooms

Basement Interior Entry, Full, Unfinished

Interior

Heating Gas Natural, Direct Vent Heater

Cooling None

Flooring Wood, Luxury Vinyl

Fireplace No

Exterior

Parking Features Paved, 1 - 4 Spaces, On Site

Utilities Available Utilities On

Roof Type Shingle

Garage No

Building

Lot Description Business District, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Corner Lot, Sidewalks, Near Public Transit

Story 3

Entry Level Multi-Level

Foundation Stone, Poured Concrete, Brick/Mortar

Water Public

Architectural Style New Englander

Others

Tax ID PTLD-000130-H000018-000001

Maine MLS (MREIS) IDX

NEARBY SCHOOLS & PROPERTIES

The Scoville Foley Team

The Scoville Foley Team

+1(207) 885-0500

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