736 Forest Ave Portland, ME 04103
Deering Center NeighborhoodEstimated payment $5,498/month
Highlights
- Property is near public transit
- Wood Flooring
- Corner Lot
- Longfellow School-Portland Rated 10
- New Englander Architecture
- 4-minute walk to Heseltine Park
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 Cafe, 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
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/19/2025 09/19/25 | For Sale | $899,000 | -- | $254 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $225,000 | Commercial |
Source: Maine Listings
MLS Number: 1638196
APN: PTLD-000130-000000-H018001
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