$999,000

1638 Forest Ave Portland, ME 04103

Riverton Neighborhood

Estimated payment $5,853/month

Total Views 344
-- Bed
3 Baths
2,533 Sq Ft
$394 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • Property is near public transit
  • Wood Flooring
  • 2.79 Acre Lot
  • Wooded Lot
  • Main Floor Bedroom

About This Home

A unique opportunity for investors or developers—this property includes a well-maintained two-family home plus an additional lot for a combined total of almost 2.8 acres. The current owner has already been in contact with the city, and there's potential to build multiple new homes (buyers encouraged to perform due diligence). The existing two-unit features classic charm with hardwood floors, high ceilings, original moldings, decks, and porches. Enjoy solid rental income or owner-occupy while exploring future development possibilities. A property with this much space and flexibility doesn't come around often!

Listing Agent

John Tompkins

The Atlantic Real Estate Network Listed on: 10/27/2025

Co-Listing Agent

Jenna Segal

The Atlantic Real Estate Network

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,491

Year Built

  • Built in 1920

Lot Details

  • 2.79 Acre Lot
  • Level Lot
  • Open Lot
  • Wooded Lot

Home Design

  • Victorian Architecture
  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,533 Sq Ft Home
  • Multi-Level Property
  • Double Pane Windows
  • Wood Flooring
  • Views of Woods

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub

Basement

  • Brick Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Shed

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Tax Lot 50
  • Assessor Parcel Number PTLD-000299-D000050-000001

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $2,400
  • Gross Income $11,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,491

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 2.79
  • Road Surface Type: Paved
  • Co List Office Phone: 207-878-8800
  • MLS Status: Active
  • Directions: GPS friendly
  • Above Grade Finished Sq Ft: 2533.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.79
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2533.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 11400.0
  • Income Expenses Operating Expenses: 2400.0
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Basement:BrickMortar: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Property Information:Bank Owned REO: No
  • Transportation:Public Transport Access: Yes
  • Other Structures:Shed(s): Yes
  • Levels:Multi-Level3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Brick/Mortar, Bulkhead
  • Full Bathrooms: 3
  • Flooring: Wood
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Window Features: Double Pane Windows

Exterior Features

  • Lot Features: Open, Level, Sidewalks, Wooded, Near Golf Course, Near Turnpike/Interstate, Near Town, Near Public Transit
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Brick/Mortar
  • Other Structures: Shed(s)
  • Roof: Shingle
  • Window Features:Double Pane Windows2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Portland Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 121532.4
  • Parcel #: PTLD-000299-D000050-000001
  • Zoning: RN-1

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 11400.0
  • Annual Operating Expense: 2400.0

Tax Info

  • Tax Annual Amount: 7491.0
  • Tax Lot: 50
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,491 $499,100 $70,900 $428,200
2023 $7,192 $499,100 $70,900 $428,200
2022 $6,793 $499,100 $70,900 $428,200
2021 $6,483 $499,100 $70,900 $428,200
2020 $6,664 $285,900 $77,900 $208,000
2019 $6,664 $285,900 $77,900 $208,000
2018 $6,427 $285,900 $77,900 $208,000
2017 $6,190 $285,900 $77,900 $208,000
2016 $6,035 $285,900 $77,900 $208,000
2015 $5,898 $285,900 $77,900 $208,000
2014 $5,718 $285,900 $77,900 $208,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2025 10/27/25 For Sale $999,000 -- $394 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Not Resolvable -- --
Source: Public Records

Source: Maine Listings

MLS Number: 1641961

Maine Listings

APN: PTLD-000299-000000-D050001

Maine Cumberland County Portland 04103 Riverton

1638 Forest Ave, Portland, ME

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The Atlantic Real Estate Network
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