736 Forest Avenue, Portland, ME 04103

$899,000
Property Type: Multi-Family Baths: 4 Square Footage: 3,540 Lot Size (sq. ft.): 3,920 Status: Active
Current Price: $899,000 List Date: 9/19/2025 Last Modified: 11/24/2025

Description

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 Café, 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

Supplements: ********

More Information MLS# 1638196

Location Information

Book: 34141 Leased Land: No Page: 100 Map: 130 Lot: 18 Zoning Overlay: No Association: No Tree Growth Y/N: No Street #: 736 Street Name: Forest Street Type: Avenue County: Cumberland Town: Portland State/Province: ME Zip Code: 04103 Zoning: B2b Full Tax Amount $: 9005.37 Tax Year: 2026 Geo Lat: 43.673283 Geo Lon: -70.285767

Property Information

Surveyed: Unknown Seasonal: No Number of Units: 3 Deed/Conveyance Type Offered: Warranty Deed: All Lot Size Acres +/-: 0.09 Total Baths: 4 Total Half Baths: 1 SqFt Finished Above Grade: 3540 SqFt Finished Below Grade: 0 SqFt Source: Seller Garage: No Garage Spaces: 0 Total Full Baths: 3 Year Built: 1900 SqFt Finished Total: 3540 Source of Acreage: Public Records

Site

Corner Lot: 1 Sidewalks: 1

Location

Business District: 1 Near Shopping: 1 Near Town: 1 Near Turnpike/Interstate: 1 Neighborhood: 1

Roads

Public: 1

Transportation

Major Road Access: 1 Public Transport Access: 1

Water Info

Water Frontage: No Water View: No

Style

New Englander: 1

Construction

Wood Frame: 1

Levels

Multi-Level: 1

Basement

Full: 1 Unfinished: 1

Foundation Materials

Brick/Mortar: 1 Poured Concrete: 1

Exterior

Aluminum Siding: 1

Roof

Shingle: 1

Heat System

Direct Vent Heater: 1

Building Info

# Stories: 3 # Water Heaters: 3

Heat Fuel

Gas Natural: 1

Income & Expenses

Gross Income: 0 Operating Expenses: 0

Cooling

None: 1

Floors

Wood: 1

Units

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

Parking

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

Unit 1

Lease: No Level: First Security Deposit: No Monthly Rent: 2000 # of Half Baths: 1 # of Rooms: 3 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: No Refrigerator: No Sewer: No Water: No

Electric

Circuit Breakers: 1

Unit 2

Lease: No Level: First Security Deposit: No Monthly Rent: 2750 # Full Baths: 1 # of Rooms: 5 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Utilities

Utilities On: Yes

Unit 3

Lease: No Level: Second Security Deposit: No Monthly Rent: 3900 # Full Baths: 2 # of Rooms: 6 # of Bedrooms: 4 Dedicated Electric Meter: Yes Dedicated Gas Meter: Yes Dedicated Water Heater: Yes Electric: No Heat: No Range: Yes Refrigerator: Yes Sewer: No Water: No

Gas

Natural - On Site: 1

Sewer

Public Sewer: 1

Water

Public: 1

Driveway

Paved: 1

Basement Entry

Interior: 1

Water Heater

Electric: 1

Vehicle Storage

No Vehicle Storage: 1

Contract Information

Status: Active Original List Price: 899000 List Price: $899,000 Current Price: $899,000

Property Features

Site: Corner Lot; Sidewalks Location: Business District; Near Shopping; Near Town; Near Turnpike/Interstate; Neighborhood Roads: Public Transportation: Major Road Access; Public Transport Access Style: New Englander Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Poured Concrete Exterior: Aluminum Siding Roof: Shingle Heat System: Direct Vent Heater Heat Fuel: Gas Natural Water Heater: Electric Cooling: None Floors: Wood Driveway: Paved Parking: 1 - 4 Spaces; On Site; Paved Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public
Listing Office: Elevate Maine Realty
IDX
Last Updated: November - 24 - 2025
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