Mixed-use property offering both residential and commercial income potential in a highly visible Forest Ave location. Property includes a ground-level retail space with established tenant and a spacious, renovated two-level 5-bedroom residential unit.
The residential unit offers strong rental potential, making this an attractive opportunity for investors or owner-occupants. Off-street parking and flexible layout add to the property's appeal.
The building is equipped with natural gas heating, updated hot water heater, and a commercial-grade fire alarm and sprinkler system.
Ideal for those seeking rental income, a live/work setup, or long-term investment in a prime Portland location. Also listed as Commercial MLS #1655962
Active
$875,000
777 Forest Avenue, Portland, ME 04103
5beds
3,948sqft
Multi Family
Built in 1930
-- sqft lot
$848,100 Zestimate®
$222/sqft
$-- HOA
What's special
Natural gas heatingUpdated hot water heaterFlexible layoutGround-level retail spaceOff-street parking
- 150 days
- 97
- 3
Zillow last checked:
Listing updated:
Listed by:
F.O. Bailey Real Estate
Source: Maine Listings,MLS#: 1656222
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Heat Pump
Cooling
- Central Air
Features
- Flooring: Luxury Vinyl
- Basement: Interior Entry,Unfinished
Interior area
- Total structure area: 3,948
- Total interior livable area: 3,948 sqft
- Finished area above ground: 3,948
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 5 - 10 Spaces
Features
- Levels: Multi/Split
Lot
- Size: 6,098 Square Feet
- Features: Business District, Near Turnpike/Interstate, Sidewalks
Details
- Zoning: B2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Poured Concrete
- Roof: Shingle
Condition
- Year built: 1930
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $222/sqft
- Annual tax amount: $7,910
- Date on market: 4/2/2026
Estimated market value
$848,100
$806,000 - $891,000
$2,827/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Price change | $875,000-2.2%$222/sqft |
Source:  Maine Listings #1656222 Report a problem | ||
| 4/2/2026 | Listed for sale | $895,000$227/sqft |
Source: Maine Listings #1656222 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Deering Center
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