736 Forest Ave Portland, ME 04103  | Multi Family
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$899,000

736 Forest Ave Portland, ME 04103
6
Bedrooms
4
Bathrooms
3,920
sqft
1900
Year Built
Multi Family
Property Type
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About This Home

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 vacant, fully renovated residential units with separate entrances: a 2BD/1BA (945 SF, projected rent $2,750/month) and a 4BD/2BA (1,766 SF, projected rent $3,9000/month). Strong rental demand and modern finishes position these units for immediate occupancy. 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 CafA(C), 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

736 Forest Ave Portland, ME 04103

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Listing Agent

Michael Navarro

Michael Navarro

Elevate Maine Realty

(19 reviews)
Avg Price Sold$460.8K
Years Experience10
Total Transactions102