777 Forest Avenue, Portland, ME 04103

$895,000

Property Type: Commercial Square Footage: 3,948 Lot Size (sq. ft.): 6,098 Status: Active

Current Price: $895,000 List Date: 4/01/2026 Last Modified: 5/05/2026

Overview

Description

Mixed-use property located along the high-visibility Forest Ave corridor. This well-maintained building features a ground-level retail space with an established tenant and a spacious, renovated two-level 5-bedroom residential unit. The property offers strong income potential with both commercial and residential components, along with off-street parking for added convenience. The building is equipped with natural gas heating, updated hot water heater, and a commercial-grade fire alarm and sprinkler system, supporting both safety and functionality. Ideal for investors or owner-occupants seeking a live/work opportunity in a prime Portland location. Opportunity to increase income through full apartment rental and optimized use.

Listing Details MLS# 1655962

Location Information

Street #: 777
Street Name: Forest
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04103
Zip +4: 4105
Leased Land: No
Book: 35736
Page: 76
Map: 137
Block: C
Lot: 17
Zoning: B2
Full Tax Amount $: 7910.39
Tax Year: 2026
Tree Growth Y/N: No
Association Y/N: No

Contract Information

Original List Price: 895000

Property Information

Primary Use: Mixed Use
Surveyed: Unknown
Deed/Conveyance Type Offered: Quit Claim
Deed: All
Deed Restrictions: Unknown
Bank Owned REO: No
Year Built: 1930
Year Renovated +/-: 2019
Tenancy: Multiple Tenants
Leases: Yes
Total # Floors: 2
SqFt Finished Total: 3948
Lot Size Acres +/-: 0.14

Utilities

Utilities On: Yes

Location

Business District: Yes
Near Turnpike/Interstate: Yes
Public Transport Access: Yes

Property Uses

Commercial: Yes
Freestanding Building: Yes
Retail: Yes

More Information

Basement

Unfinished: Yes

Roof

Shingle: Yes

Heat System

Other: Yes

Heat Fuel

Gas Natural: Yes

Cooling

Central Air: Yes

Floors

Luxury Vinyl: Yes

Accessibilitiy Amenities

Ramped Main Level: Yes

Building Features

Sprinkler - Wet: Yes

Parking

5 - 10 Spaces: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - At Street: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Property Features

Location: Business District; Near Turnpike/Interstate; Public Transport Access Property Uses: Commercial; Freestanding Building; Retail Basement: Unfinished Roof: Shingle Heat System: Other Heat Fuel: Gas Natural Cooling: Central Air Floors: Luxury Vinyl Building Features: Sprinkler - Wet Parking: 5 - 10 Spaces; Paved Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

Deed Public Access ›

IDX

Listing Office: F.O. Bailey Real Estate

Last Updated: May - 05 - 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.