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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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11481150 1148-1150 Forest Ave , Portland, ME 04103
$699,000
Est. Payment: $3,754.61/mo
2 Bath
2136 Sqft
0.09 Acres
Status: active | Days on site: 5
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3683 - 016927
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House Description

Opportunity awaits at this well-located two-unit property in Portland. Each spacious unit offers two bedrooms, one full bath and a comfortable five-room layout, with dedicated electric meters and water heaters. Currently tenant-occupied, generating rental income and offering an appealing option for investors or owner-occupants looking to offset their mortgage with rental revenue. Several major exterior and mechanical improvements have already been completed, including a newer furnace, water heater and roof. A full unfinished basement provides additional storage with laundry, while the attic offers potential to expand the second-floor unit, subject to applicable approvals. The paved driveway provides plenty of off-street parking—a valuable convenience in Portland. Located in a Multi-Use Commercial zone with excellent visibility and convenient access to shopping, local businesses, major roadways and the Maine Turnpike, the property may also offer possibilities for a home-based or small-business use. A versatile Portland property offering rental income, ample parking, recent major improvements and future potential!

Highlights

Listed by Kathryn Treem , 207-400-4064 Coastal Pine Real Estate, LLC , 207-776-8675. Maine Real Estate Information System, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.09

Year Built

1930

County

Cumberland

Neighborhood

Deering

Listing ID

1681452

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Cable,Internet Access Available
Floor:Laminate,Vinyl,Wood
Above Ground Sq Ft:2136
Basement:Interior Entry,Full,Unfinished
Other:
  • ▪ Additional:1st Floor Bedroom, Pantry
Water:Public

Exterior Features

Lot:Business District,Intown,Near Shopping,Near Turnpike/Interstate,Sidewalks
Zoning:Multi Use Commercial
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved,5 - 10 Spaces,Off Street
Principal Interest
$3,755
Taxes
$551

Home Price

$699,000

Loan Details

30 yrs
7.091%

Down Payment

20%
$139,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,754.61

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,754.61 $550.67 $0.00 $4,305.28
Yearly $45,055.32 $6,608.00 $0.00 $51,663.32
Total $1,351,659.51 $198,240.00 $0.00 $1,549,899.51

Today's Rates

30 Year

7.09%

20 Year

7.19%

15 Year

6.59%

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Market insight data is pulled from the same city as the listing being viewed (Portland, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing data is derived in whole or in part from the Maine IDX & is for consumers personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.


IDX service by Blueroof 360

Data last updated: 2026-10-31T22:05:59.000Z

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