1390 Forest Avenue, Portland, ME 04103

New Listing

$9,999,500

Virtual Tour

https://www.propertypanorama.com/instaview/mreis/1660908

Property Type: Commercial Square Footage: 39,592 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# 1660908

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
Tax Year: 2025
Tree Growth Y/N: No
Association Y/N: No

Contract Information

Original List Price: 9999500

Property Information

Primary Use: Investment
Surveyed: Yes
Year Built: 1985
SqFt Finished Total: 39592
Lot Size Acres +/-: 3.8

Water Info

Water Frontage: No
Water View: No

Basement

Other Description: varies per building
Other: Yes

Levels

Multi-Level: Yes

More Information

Location

Near Shopping: Yes

Property Uses

Other: Yes

Construction

Wood Frame: Yes

Other Structures

Shed(s): Yes

Exterior

Vinyl Siding: Yes

Roof

Shingle: Yes

Heat System

Baseboard: Yes
Hot Water: Yes

Heat Fuel

Gas Natural: Yes

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

Property Features

Location: Near Shopping Construction: Wood Frame Other Structures: Shed(s) Levels: Multi-Level Property Uses: Other Basement: Other Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Hot Water Heat Fuel: Gas Natural Cooling: None Floors: Carpet; Laminate; Luxury Vinyl; Other Parking: 21+ Spaces; On Site; Paved Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

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.