Closed

$590,000

1747 Forest Avenue Avenue, Portland, ME 04103

4beds

1,840sqft

Multi Family

Built in 1920

-- sqft lot

$654,500 Zestimate^®

$321/sqft

$2,413 Estimated rent

Home value

$654,500

$602,000 - $713,000

$2,413/mo

Zestimate^® history

Owner options

List your home for rent

$2,413/mo

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$2,413/mo

Rent Zestimate^®

Refinance and save

$2,976/mo

Est. payment

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$2,976/mo

Est. payment

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What's special

Bonus spaceHuge lotLots of outdoor space

Welcome to this fantastic opportunity to own a corner lot duplex in Portland, Maine. This well-maintained property offers an excellent opportunity to owner occupy the building and receive extra rental income. Two spacious 2-bedroom, 1 bathroom apartments with ample living space. The second floor apartment has been renovated. Huge lot with lots of outdoor space and off street parking. The building also has a bonus space on the third floor that can be used with second floor apartment or converted to a 3rd unit (check with city to confirm process and requirements). Whether you're looking for an investment property or a place to call home while generating rental income, 1747 Forest Avenue is a must-see!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Baseboard, Hot Water, Other

Cooling

None

Features

Bathtub, Storage
Flooring: Laminate, Vinyl, Wood
Basement: Interior Entry,Bulkhead,Walk-Out Access

Interior area

Total structure area: 1,840
Total interior livable area: 1,840 sqft
Finished area above ground: 1,840
Finished area below ground: 0

Property

Parking

Parking features: Paved, 1 - 4 Spaces, Off Street

Lot

Size: 10,454 sqft
Features: Near Shopping, Near Town, Neighborhood, Corner Lot, Level

Details

Parcel number: PTLDM309BA010001
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Roof: Pitched,Shingle

Condition

Year built: 1920

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On, Pole

Community & neighborhood

Location

Region: Portland

Price history

Date	Event	Price
1/12/2024	Sold	$590,000-5.6%$321/sqft
Source: Maine Listings #1566505 Report a problem
12/11/2023	Pending sale	$625,000$340/sqft
Source: Maine Listings #1566505 Report a problem
11/8/2023	Price change	$625,000-3.8%$340/sqft
Source: Maine Listings #1566505 Report a problem
8/21/2023	Listed for sale	$650,000$353/sqft
Source: Maine Listings #1566505 Report a problem
8/14/2023	Pending sale	$650,000$353/sqft
Source: Maine Listings #1566505 Report a problem
7/25/2023	Listed for sale	$650,000$353/sqft
Source: Maine Listings #1566505 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,907	$409,900
2023	$5,907 +15.8%	$409,900 +9.3%
2022	$5,102 +11.8%	$374,900 +91.6%
2020	$4,562	$195,700
2019	$4,562 +3.7%	$195,700
2018	$4,399 +3.8%	$195,700
2017	$4,237 +2.6%	$195,700
2016	$4,131 +2.3%	$195,700
2015	$4,037 +3.1%	$195,700
2014	$3,914 +3%	$195,700
2013	$3,799 +3.1%	$195,700
2012	$3,683 +3%	$195,700
2011	$3,577 +3%	$195,700
2009	$3,472	$195,700
2008	$3,472 +8.8%	$195,700
2006	$3,192	$195,700