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  • $799,000

    736 Forest Avenue, Portland, ME 04103

    6beds
    3,540sqft
    : 
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    Multi Family
    Built in 1900
    -- sqft lot
    $768,200 Zestimate®
    $226/sqft
    $-- HOA

    What's special

    Modern updatesAbundant street parking
    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.
    24 days
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    545
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    29
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    Zillow last checked:

    Listing updated:

    Listed by:

    Elevate Maine Realty

    Source: Maine Listings,MLS#: 1665886MLS Logo

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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

        DateEventPrice
        6/6/2026Listed for sale$799,000$226/sqft
        Source: Maine Listings #1665886 Report a problem
        6/6/2026Listing removed$799,000$226/sqft
        Source: Maine Listings #1638196 Report a problem
        5/8/2026Price change$799,000-7.1%$226/sqft
        Source: Maine Listings #1638196 Report a problem
        4/10/2026Price change$860,000-4.3%$243/sqft
        Source: Maine Listings #1638196 Report a problem
        9/19/2025Listed for sale$899,000$254/sqft
        Source: Maine Listings #1638196 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.
        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.
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        Climate risks

        Neighborhood: Deering Center

        Getting around

        88 / 100
        Very Walkable
        38 / 100
        Some Transit
        85 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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