High-visibility mixed-use opportunity in Portland's B-2B Mixed Use Zone, prominently positioned on the corner of Forest Ave & Pleasant Ave just north of Woodford's Corner. Offering exceptional exposure with a traffic count of approximately 35,000+ vehicles per day, the property features an 829 SF first-floor commercial corner suite--ideal for retail, office, salon/barber, or other permitted uses (see land use documents). Above the commercial space are two fully renovated and occupied residential units with separate entrances, creating immediate income potential. The second floor offers a 2BD/1BA unit (945 SF) currently rented for $2,500/month plus utilities, while the third floor features a spacious 4BD/2BA unit (1,766 SF) rented for $3,400/month plus utilities. Modern updates and strong rental demand make these units well-positioned for long-term performance. Additional highlights include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation. Conveniently located just minutes from I-295 and downtown Portland, and within a half-mile of Back Cove, the Stevens Ave/Deering neighborhood, and local favorites such as Norimoto Bakery, Rambler Café, Pat's Meat Market, and Woodford Food & Beverage. Whether you're an investor seeking strong cash flow or an owner-occupant looking to combine business and real estate ownership, this versatile property offers a rare blend of income, flexibility, and unmatched visibility. Also listed as COMMERCIAL MLS# 1665887.
Active
$799,000
736 Forest Avenue, Portland, ME 04103
6beds
3,540sqft
Multi Family
Built in 1900
-- sqft lot
$768,200 Zestimate®
$226/sqft
$-- HOA
What's special
Modern updatesAbundant street parking
- 24 days |
- 545 |
- 29 |
Zillow last checked:
Listing updated:
Listed by:
Elevate Maine Realty
Source: Maine Listings,MLS#: 1665886
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
Heating
- Direct Vent Heater
Cooling
- None
Features
- Flooring: Wood, Luxury Vinyl
- Basement: Interior Entry,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,540
- Total interior livable area: 3,540 sqft
- Finished area above ground: 3,540
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces, On Site
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 3,920 Square Feet
- Features: Business District, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Corner Lot, Sidewalks
Details
- Parcel number: 736ForestAVEPortland130H1824
- Zoning: B2b
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Wood Frame, Aluminum Siding
- Foundation: Stone, Poured Concrete, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $226/sqft
- Annual tax amount: $9,005
- Date on market: 6/6/2026
Estimated market value
$768,200
$730,000 - $807,000
$2,337/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2026 | Listed for sale | $799,000$226/sqft |
Source: | ||
| 6/6/2026 | Listing removed | $799,000$226/sqft |
Source: | ||
| 5/8/2026 | Price change | $799,000-7.1%$226/sqft |
Source: | ||
| 4/10/2026 | Price change | $860,000-4.3%$243/sqft |
Source: | ||
| 9/19/2025 | Listed for sale | $899,000$254/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
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: Deering Center
Nearby schools
GreatSchools rating
- 10/10Longfellow School-PortlandGrades: PK-5Distance: 0.5 mi
- 6/10Lincoln Middle SchoolGrades: 6-8Distance: 0.5 mi
- 2/10Deering High SchoolGrades: 9-12Distance: 0.5 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Maine
- Cumberland County
- Portland
- 04103
- Deering Center
- 736 Forest Avenue







