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  • Price cut: $39K (4/10)
    $860,000

    736 Forest Avenue, Portland, ME 04103

    6beds
    3,540sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $243/sqft
    $-- HOA

    What's special

    Modern finishesSeparate entrancesAbundant street parking
    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
    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#: 1638196MLS Logo

    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
        DateEventPrice
        4/10/2026Price change$860,000-4.3%$243/sqft
        Source: Maine Listings #1638196 Report a problem
        9/19/2025Listed for sale$899,000$254/sqft
        Source: Maine Listings #1638196 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        Monthly payment

        Est. payment
        $4,945/mo
        Principal & interest
        $4243
        Property taxes
        $702
        More affordability tools

          Climate risks

          Neighborhood: Deering Center

          Getting around

          88 / 100
          Very Walkable
          37 / 100
          Some Transit
          86 / 100
          Very Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 04103

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