1390 Forest Avenue, Portland, ME 04103

New Listing

$9,999,500

Virtual Tour

https://www.propertypanorama.com/instaview/mreis/1660904

Property Type: Multi-Family Baths: 30 Square Footage: 38,592 Lot Size (sq. ft.): 165,528 Status: Active

Current Price: $9,999,500 List Date: 5/06/2026 Last Modified: 5/07/2026

Overview

Description

''MAJOR INVESTMENT OPPORTUNITY'' This is a rare opportunity to own this well maintained 44 unit apartment complex featuring 5 separate buildings on a beautiful 3.8 Acre lot that is extremely convenient to everything including public transportation. The 5 buildings consist of 3 three story 12 unit buildings and 2 two story 4 unit buildings, all units are 2 bedroom, 3 different styles with some including a laundry, heat & hot water included with natural gas, an additional extensive shop area / storage / office spaces with a half bath below unit #5, large shed, ample parking with guest spaces, nice lawn area, lots of updates & improvements including windows, excellent rental history, currently fully occupied with mostly long term tenants & great payment history. THIS IS A VERY SOLID ALL AROUND MULTIUNIT RENTAL PROPERTY WITH GREAT OVERALL NUMBERS, MOSTLY LONG TERM TENANTS, LOW TURNOVER, RARE VACANCIES, THE POTENTIAL FOR INCREASED RENTS, SUBSTANTIALLY MORE VERSATILITY & SIGNIFICANTLY HIGHER ... (Read more)

Listing Details MLS# 1660904

Location Information

Street #: 1390
Street Name: Forest
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04103
Leased Land: No
Book: 16958
Page: 295
Map: 294
Lot: 68-001
Zoning: 54
Zoning Overlay: Unknown
Association: No
Full Tax Amount $: Yes
Tax Year: 2025
Tree Growth Y/N: No

Contract Information

Original List Price: 9999500

Property Information

Surveyed: Yes
Seasonal: No
Number of Units: 44
Total Baths: 30
Total Full Baths: 30
Year Built: 1985
SqFt Finished Above Grade: 38592
SqFt Finished Total: 38592
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 3.8
Source of Acreage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0

Water Info

Water Frontage: No
Water View: No

Units

# of 2 BD Units: 44

Unit 1

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

More Information

Unit 2

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 3

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 4

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Water: Yes
Monthly Rent: 0
Sewer: Yes

Unit 5

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 6

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 7

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 8

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 9

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 10

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 11

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 12

Lease: Yes
Level: First
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 13

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 14

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 15

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 16

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 17

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 18

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 19

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 20

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 21

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 22

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 23

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 24

Lease: Yes
Level: Second
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 25

Lease: Yes
Level: Third
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 26

Lease: Yes
Level: Third
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 27

Lease: Yes
Level: Third
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 28

Lease: Yes
Level: Third
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 29

Lease: Yes
Level: Third
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Unit 30

Lease: Yes
Level: Third
Security Deposit: Yes
# Full Baths: Yes
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: No
Dedicated Water Heater: No
Electric: No
Heat: Yes
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Monthly Rent: 0

Basement

Other Description: varies per building
Other: Yes

Levels

Multi-Level: Yes

Site

Level: Yes
Open: Yes
Sidewalks: Yes
Well Landscaped: Yes
Wooded: Yes

Location

Intown: Yes
Near Shopping: Yes
Near Turnpike/Interstate: Yes

Roads

Paved: Yes
Public: Yes

Transportation

Major Road Access: Yes
Public Transport Access: Yes

Style

Colonial: Yes

Construction

Wood Frame: Yes

Other Structures

Shed(s): Yes

View

Trees/Woods: Yes

Exterior

Vinyl Siding: Yes

Roof

Shingle: Yes

Heat System

Baseboard: Yes
Hot Water: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 0
Operating Expenses: 0

Cooling

None: Yes

Floors

Carpet: Yes
Laminate: Yes
Luxury Vinyl: Yes
Other: Yes

Parking

21+ Spaces: Yes
On Site: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - On Site: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Basement Entry

Exterior Only: Yes

Water Heater

Other Water Heater: Yes

Vehicle Storage

No Vehicle Storage: Yes

Property Features

Site: Level; Open; Sidewalks; Well Landscaped; Wooded Location: Intown; Near Shopping; Near Turnpike/Interstate Roads: Paved; Public Transportation: Major Road Access; Public Transport Access View: Trees/Woods Style: Colonial Levels: Multi-Level Construction: Wood Frame Other Structures: Shed(s) Basement: Other Basement Entry: Exterior Only Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Hot Water Heat Fuel: Gas Natural Water Heater: Other Water Heater Cooling: None Floors: Carpet; Laminate; Luxury Vinyl; Other Driveway: Paved Parking: 21+ Spaces; On Site; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

Aerial View with lot lines ›

Deed Public Access ›

IDX

Listing Office: Maine Realty 2000

Last Updated: May - 07 - 2026

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. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.