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Active
  • $699,000

    1148-1150 Forest Avenue, Portland, ME 04103

    4beds
    2,136sqft
    : 
    $4,694/mo
    Get pre-qualified
    Multi Family
    Built in 1930
    -- sqft lot
    $679,900 Zestimate®
    $327/sqft
    $-- HOA

    What's special

    Two bedroomsComfortable five-room layoutSpacious unitNewer furnace
    Opportunity awaits at this well-located two-unit property in Portland. Each spacious unit offers two bedrooms, one full bath and a comfortable five-room layout, with dedicated electric meters and water heaters. Currently tenant-occupied, generating rental income and offering an appealing option for investors or owner-occupants looking to offset their mortgage with rental revenue. Several major exterior and mechanical improvements have already been completed, including a newer furnace, water heater and roof. A full unfinished basement provides additional storage with laundry, while the attic offers potential to expand the second-floor unit, subject to applicable approvals. The paved driveway provides plenty of off-street parking—a valuable convenience in Portland. Located in a Multi-Use Commercial zone with excellent visibility and convenient access to shopping, local businesses, major roadways and the Maine Turnpike, the property may also offer possibilities for a home-based or small-business use. A versatile Portland property offering rental income, ample parking, recent major improvements and future potential!
    6 days
    328
    5

    Zillow last checked:

    Listing updated:

    Listed by:

    Coastal Pine Real Estate, LLC

    Source: Maine Listings,MLS#: 1681452MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Baseboard, Forced Air, Hot Water
      Cooling
      • None
      Features
      • 1st Floor Bedroom, Pantry
      • Flooring: Laminate, Vinyl, Wood
      • Basement: Interior Entry,Full,Unfinished
      Interior area
      • Total structure area: 2,136
      • Total interior livable area: 2,136 sqft
      • Finished area above ground: 2,136
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Paved, 5 - 10 Spaces, Off Street
      Features
      • Levels: Multi/Split
      Lot
      • Size: 3,920 Square Feet
      • Features: Business District, City Lot, Near Shopping, Near Turnpike/Interstate, Sidewalks
      Details
      • Zoning: Multi Use Commercial
      • Other equipment: Cable, Internet Access Available

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Vinyl Siding
      • Foundation: Stone, Poured Concrete, Brick/Mortar
      • Roof: Shingle
      Condition
      • Year built: 1930

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Deering
      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $327/sqft
      • Annual tax amount: $6,608
      • Date on market: 9/21/2026
      • Road surface type: Paved

        Estimated market value

        $679,900

        $646,000 - $714,000

        $2,434/mo

        Price history

        DateEventPrice
        9/21/2026Listed for sale$699,000+19.5%$327/sqft
        Source: Maine Listings #1681452 Report a problem
        9/3/2024Sold$585,000-2.5%$274/sqft
        Source: Maine Listings #1592231 Report a problem
        7/10/2024Pending sale$599,900$281/sqft
        Source: Maine Listings #1592231 Report a problem
        6/5/2024Listed for sale$599,900$281/sqft
        Source: Maine Listings #1592231 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: North Deering

        Getting around

        36 / 100
        Some Transit

        Nearby schools

        GreatSchools rating

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