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  • $1,499,000

    671-675 Forest Avenue, Portland, ME 04103

    15beds
    7,446sqft
    : 
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    Multi Family
    Built in 1910
    -- sqft lot
    $1,398,200 Zestimate®
    $201/sqft
    $-- HOA

    What's special

    Loading dockFull finished basementOne street-level retail unit
    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.
    170 days
    |
    199
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Maine Real Estate Co

    Source: Maine Listings,MLS#: 1650249MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 15
      • Bathrooms: 9
      • Full bathrooms: 8
      Heating
      • Baseboard, Hot Water
      Cooling
      • None
      Features
      • Flooring: Carpet, Tile, Vinyl
      • Basement: Interior Entry,Walk-Out Access,Finished,Full,Unfinished
      Interior area
      • Total structure area: 7,446
      • Total interior livable area: 7,446 sqft
      • Finished area above ground: 7,446
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Common, Paved, 1 - 4 Spaces, On Site, Off Street, On Street
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      Lot
      • Size: 5,227 Square Feet
      • Features: Business District, City Lot, Near Country Club, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Level, Open Lot, Sidewalks
      Details
      • Zoning: B2B

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Masonry, Brick, Brick Veneer
      • Roof: Flat,Other
      Condition
      • Year built: 1910

      Utilities & green energy

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

      Community & HOA

      Community
      • Security: Fire System, Fire Sprinkler System
      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $201/sqft
      • Annual tax amount: $15,028
      • Date on market: 1/24/2026
      • Road surface type: Paved

        Estimated market value

        $1,398,200

        $1.15M - $1.69M

        $1,881/mo

        Price history

        DateEventPrice
        1/24/2026Listed for sale$1,499,000$201/sqft
        Source: Maine Listings #1650249 Report a problem
        3/9/2025Listing removed$1,499,000$201/sqft
        Source: Maine Listings #1581920 Report a problem
        12/27/2024Pending sale$1,499,000$201/sqft
        Source: Maine Listings #1581920 Report a problem
        6/7/2024Price change$1,499,000-6%$201/sqft
        Source: Maine Listings #1581920 Report a problem
        6/7/2024Pending sale$1,595,000$214/sqft
        Source: Maine Listings #1581920 Report a problem
        2/9/2024Listed for sale$1,595,000$214/sqft
        Source: Maine Listings #1581920 Report a problem
        8/8/2023Listing removed--
        Source: Maine Listings #1562119 Report a problem
        6/14/2023Listed for sale$1,595,000-0.3%$214/sqft
        Source: Maine Listings #1562119 Report a problem
        2/2/2022Listing removed--
        Source: Maine Listings #1492206 Report a problem
        10/22/2021Listed for sale$1,600,000$215/sqft
        Source: Maine Listings #1492206 Report a problem
        10/7/2021Listing removed--
        Source: Maine Listings #1492206 Report a problem
        5/18/2021Listed for sale$1,600,000$215/sqft
        Source: Maine Listings #1492206 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Ocean Avenue

        Getting around

        87 / 100
        Very Walkable
        38 / 100
        Some Transit
        89 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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