736 Forest Avenue, Portland, ME 04103
Local realty services provided by:CENTURY 21 Nason Realty, Inc.
736 Forest Avenue,Portland, ME 04103
$799,000
- - Beds
- 4 Baths
- 3,540 sq. ft.
- Multi-family
- Active
Office: elevate maine realty
MLS#:1665886
Source:ME_MREIS
Price summary
- Price:$799,000
- Price per sq. ft.:$225.71
About this home
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....
Contact an agent
Home facts
- Year built:1900
- Listing ID #:1665886
- Updated:June 11, 2026 at 10:20 AM
Rooms and interior
- Total bathrooms:4
- Full bathrooms:3
- Flooring:Luxury Vinyl, Wood
- Basement Description:Full, Interior Entry, Unfinished
- Living area:3,540 sq. ft.
Heating and cooling
- Heating:Direct Vent Heater, Gas Natural, Heating
Structure and exterior
- Roof:Shingle
- Year built:1900
- Building area:3,540 sq. ft.
- Lot area:0.09 Acres
- Lot Features:Business District, Corner Lot, Near Public Transit, Near Shopping, Near Town, Near Turnpike/Interstate, Neighborhood, Sidewalks
- Architectural Style:New Englander
- Construction Materials:Aluminum Siding, Wood Frame
- Foundation Description:Brick/Mortar, Poured Concrete, Stone
- Levels:Multi Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$799,000
- Price per sq. ft.:$225.71
- Tax amount:$9,005 (2026)
Parking
- Parking description:1 - 4 Spaces, On Site, Paved
New listings near 736 Forest Avenue
- Open Sun, 10am to 12pmNew
$425,000Active3 beds 1 baths1,208 sq. ft.236 Ray Street, Portland, ME 04103
MLS# 1666631Listed by: TOWN & SHORE REAL ESTATE - New
$640,000Active3 beds 3 baths2,249 sq. ft.31 Samuel Road, Portland, ME 04103
MLS# 1666638Listed by: CENTURY 21 NORTH EAST - Open Sun, 10:30am to 12pmNew
$588,000Active3 beds 2 baths1,444 sq. ft.125 Murray Street, Portland, ME 04103
MLS# 1666523Listed by: BEACON REALTY - New
$325,000Active2 beds 1 baths680 sq. ft.65 Sherman Street #3, Portland, ME 04101
MLS# 1666540Listed by: BLUE LOBSTER REAL ESTATE - New
$1,400,000Active3 beds 2 baths2,150 sq. ft.42 Montreal Street, Portland, ME 04101
MLS# 1666583Listed by: TOWN & SHORE REAL ESTATE - New
$274,900Active3 beds 1 baths967 sq. ft.193 Warren Avenue, Portland, ME 04103
MLS# 1666603Listed by: SELL YOUR HOME SERVICES - New
$550,000Active2 beds 2 baths1,170 sq. ft.106 Cumberland Avenue #201, Portland, ME 04101
MLS# 1666610Listed by: PORTSIDE REAL ESTATE GROUP - New
$640,000Active3 beds 2 baths1,356 sq. ft.89 Read Street, Portland, ME 04103
MLS# 1666392Listed by: PORTSIDE REAL ESTATE GROUP - New
$1,580,000Active-- beds 7 baths4,454 sq. ft.272 State Street, Portland, ME 04101
MLS# 1666398Listed by: RE/MAX SHORELINE - New
$2,195,000Active-- beds 10 baths9,980 sq. ft.7 Huntress Street, Portland, ME 04102
MLS# 1666409Listed by: RE/MAX SHORELINE