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, fully renovated residential units with separate entrances: a 2BD/1BA (945 SF, $2,500/month) and a 4BD/2BA (1,766 SF, $3,4000/month). High rental demand and modern finishes position these units for strong long-term performance. 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
Active
Price cut: $39K (4/10)
$860,000
736 Forest Avenue, Portland, ME 04103
6beds
3,540sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$243/sqft
$-- HOA
What's special
Modern finishesSeparate entrancesAbundant street parking
- 204 days |
- 515 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: April 09, 2026 at 08:59pm
Listed by:
Elevate Maine Realty
Source: Maine Listings,MLS#: 1638196
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Direct Vent Heater
Cooling
- None
Features
- Flooring: Wood, Luxury Vinyl
- Basement: Interior Entry
- Has fireplace: No
Interior area
- Total structure area: 3,540
- Total interior livable area: 3,540 sqft
- Finished area above ground: 3,540
- Finished area below ground: 0
Property
Features
- Levels: Multi/Split
- Stories: 3
Lot
- Size: 3,920.4 Square Feet
- Features: Business District
Details
- Parcel number: 736ForestAVEPortland130H1824
- Zoning: B2b
Construction
Type & style
- Home type: MultiFamily
- Architectural style: New Englander
- Property subtype: Multi Family
Materials
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $243/sqft
- Annual tax amount: $9,005
- Date on market: 9/19/2025
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Price change | $860,000-4.3%$243/sqft |
Source: | ||
| 9/19/2025 | Listed for sale | $899,000$254/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.Monthly payment
Est. payment
$4,945/mo
Principal & interest
$4243
Property taxes
$702
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Climate risks
Neighborhood: Deering Center
Nearby schools
GreatSchools rating
- 10/10Longfellow School-PortlandGrades: K-5Distance: 0.5 mi
- 6/10Lincoln Middle SchoolGrades: 6-8Distance: 0.5 mi
- 2/10Deering High SchoolGrades: 9-12Distance: 0.6 mi
Local experts in 04103
- Maine
- Cumberland County
- Portland
- 04103
- Deering Center
- 736 Forest Avenue






