$899,000

736 Forest Ave Portland, ME 04103

Deering Center Neighborhood

Estimated payment $5,489/month

Total Views 3,405
-- Bed
3.5 Baths
3,540 Sq Ft
$254 Price per Sq Ft

Highlights

  • Property is near public transit
  • Wood Flooring
  • Corner Lot
  • Longfellow School-Portland Rated 10
  • New Englander Architecture
  • No HOA

About This Home

High-visibility property in the Mixed Use Zone B-2B, located on the corner of Forest Ave & Pleasant Ave, just north of Woodford's Corner. The property offers a first-floor 829 SF commercial corner suite with approx 35,000+ cars/day traffic count - ideal for retail, office, salon/barber, and other permitted uses (see land use docs). The upper levels contain two vacant, fully renovated residential units with separate entrances: a 2BD/1BA (945 SF, projected rent $2,750/month) and a 4BD/2BA (1,766 SF, projected rent $3,9000/month). Strong rental demand and modern finishes position these units for immediate occupancy. Additional features include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation. Strategic location minutes from I-295 and downtown Portland, and within half a mile of Back Cove, Stevens Ave Deering neighborhood (Norimoto Bakery, Rambler Café, Pat's Meat Market), and Woodfords Corner amenities. A flexible investment opportunity suitable for owner-occupiers or investors seeking a mixed-use property with strong signage visibility and cash flow potential. Also listed as COMMERCIAL MLS#: 1638190

Listing Agent

Melanie Crane Michael Navarro

Elevate Maine Realty Listed on: 09/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,005

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Corner Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,540 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number PTLD-000130-H000018-000001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,005

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • MLS Status: Active
  • Directions: Corner of Forest Ave and Pleasant Ave, Portland
  • Above Grade Finished Sq Ft: 3540.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3540.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 3
  • Parking:On Site2: Yes
  • Parking:Paved3: Yes
  • Heat System:Direct Vent Heater: Yes
  • Exterior:Aluminum Siding: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Levels:Multi-Level3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Interior, Full, Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplace: No
  • Flooring: Wood
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.4
  • Parcel #: PTLD-000130-H000018-000001
  • Zoning: B2b

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 9005.37
  • Tax Lot: 18
  • Tax Year: 2026

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 $10,617 $707,300 $161,100 $546,200
2023 $10,192 $707,300 $161,100 $546,200
2022 $9,626 $707,300 $161,100 $546,200
2021 $9,188 $707,300 $161,100 $546,200
2020 $7,324 $314,200 $92,100 $222,100
2019 $7,324 $314,200 $92,100 $222,100
2018 $6,811 $315,300 $92,100 $223,200
2017 $6,826 $315,300 $92,100 $223,200
2016 $6,656 $315,300 $92,100 $223,200
2015 $6,505 $315,300 $92,100 $223,200
2014 $6,306 $315,300 $92,100 $223,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2025 09/19/25 For Sale $899,000 -- $254 / Sq Ft
Source: Maine Listings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $225,000 Commercial
Source: Public Records

Source: Maine Listings

MLS Number: 1638196

Maine Listings

APN: PTLD-000130-000000-H018001

Maine Cumberland County Portland 04103 Deering Center

736 Forest Ave, Portland, ME

For Sale

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Listing Agent
Melanie Crane Michael Navarro
Section Image
Elevate Maine Realty
(207) 309-3661