671-675 Forest Avenue, Portland, ME 04103

$1,499,000
Property Type: Multi-Family Baths: 9 Square Footage: 7,446 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $1,499,000 List Date: 1/24/2026 Last Modified: 3/07/2026

Description

INVESTORS TAKE NOTICE: 1 retail and 8 residential units (9 units total) in a prime Portland location! Discover a unique investment opportunity at the vibrant intersection of Forest Ave, Woodford St, and Ocean Ave. This property features a strategic location with one street-level retail unit, perfect for businesses seeking prime visibility, and eight residential units on the second floor, providing modern living spaces with 1 to 3 bedrooms.Positioned at a bustling intersection, the property promises high traffic and accessibility via major thoroughfares and public transportation. Investors can capitalize on a steady rental income stream from the mix of residential and commercial spaces, while the prime location ensures long-term appreciation and demand. Explore the potential of this mixed-use gem, combining convenience, versatility, and income prospects. Schedule your private viewing and seize the opportunity to invest in this dynamic property. The full finished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical convenience for the retail unit.

Supplements: ********

More Information MLS# 1650249

Location Information

Book: 31169 Leased Land: No Page: 226 Map: 129 Lot: L002 Zoning Overlay: Unknown Association: No Tree Growth Y/N: No Street #: 671-675 Street Name: Forest Street Type: Avenue County: Cumberland Town: Portland State/Province: ME Zip Code: 04103 Zip +4: 4101 Zoning: B2B Full Tax Amount $: 15028 Tax Year: 2026 Geo Lat: 43.671155 Geo Lon: -70.284153

Property Information

Surveyed: No Seasonal: No Owner Occupied: No Number of Units: 9 Lot Size Acres +/-: 0.12 Total Baths: 9 Total Half Baths: 1 Color: Brick SqFt Finished Above Grade: 7446 SqFt Finished Below Grade: 0 Garage: No Garage Spaces: 0 Total Full Baths: 8 Year Built: 1910 SqFt Finished Total: 7446 Source of Acreage: Public Records

Site

Level: 1 Open: 1 Sidewalks: 1

Location

Business District: 1 Intown: 1 Near Country Club: 1 Near Golf Course: 1 Near Shopping: 1 Near Turnpike/Interstate: 1

Roads

Paved: 1 Public: 1

Transportation

Near Airport: 1 Public Transport Access: 1

Water Info

Water Frontage: No Water View: No

Style

Other: 1

Construction

Masonry: 1

Basement

Finished: 1 Full: 1 Unfinished: 1 Walk-Out Access: 1

Exterior

Brick: 1 Brick Veneer: 1

Roof

Flat: 1 Other: 1

Heat System

Baseboard: 1 Hot Water: 1

Building Info

# Stories: 2

Heat Fuel

Oil: 1

Income & Expenses

Gross Income: 145308 Operating Expenses: 34519

Cooling

None: 1

Floors

Carpet: 1 Tile: 1 Vinyl: 1

Units

# of 1 BD Units: 4 # of 2 BD Units: 2 # of 3 BD Units: 3

Parking

1 - 4 Spaces: 1 Off Street: 1 On Site: 1 On Street: 1 Paved: 1

Unit 1

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 2585 # Full Baths: 1 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 2400 # Full Baths: 1 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: No Water: No

Unit 3

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1980 # Full Baths: 1 # 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

Gas

Natural - At Street: 1

Unit 4

Lease: No Level: Second Security Deposit: Yes Monthly Rent: 1500 # Full Baths: 1 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Sewer

Public Sewer: 1

Unit 5

Lease: Yes Level: Second Security Deposit: Yes Monthly Rent: 1644 # Full Baths: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Water

Public: 1

Unit 6

Lease: No Level: Basement Security Deposit: No Monthly Rent: 1600 # Full Baths: 1 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: No Sewer: No Water: No

Unit 7

Lease: No Level: First Security Deposit: No Monthly Rent: 2700 # Full Baths: 1 # of Bedrooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: No Sewer: No Water: No

Unit 8

Lease: No Level: First Security Deposit: No Monthly Rent: 1600 # Full Baths: 1 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: No Range: No Refrigerator: No Sewer: No Water: No

Unit 9

Lease: No Level: First Security Deposit: Yes Monthly Rent: 2000 # Half Baths: 1 # of Rooms: 1 # of Bedrooms: 1 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: No Refrigerator: No Sewer: No Water: No

Driveway

Common: 1 Paved: 1

Basement Entry

Interior: 1

Water Heater

Electric: 1 Off Heating System: 1

Amenities

Sprinkler: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Active Original List Price: 1499000 List Price: $1,499,000 Current Price: $1,499,000

Property Features

Site: Level; Open; Sidewalks Location: Business District; Intown; Near Country Club; Near Golf Course; Near Shopping; Near Turnpike/Interstate Roads: Paved; Public Transportation: Near Airport; Public Transport Access Style: Other Construction: Masonry Basement: Finished; Full; Unfinished; Walk-Out Access Basement Entry: Interior Exterior: Brick; Brick Veneer Roof: Flat; Other Heat System: Baseboard; Hot Water Heat Fuel: Oil Water Heater: Electric; Off Heating System Cooling: None Floors: Carpet; Tile; Vinyl Amenities: Sprinkler Driveway: Common; Paved Parking: 1 - 4 Spaces; Off Street; On Site; On Street; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Listing Office: Maine Real Estate Co
IDX
Last Updated: March - 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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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