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Adam Dow

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

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736 Forest Ave , Portland, ME 04103
$799,000
Est. Payment: $1,775.56/mo
0 Bed
4 Bath
3540 Sqft
Status: Pending | Days on site: 32
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3572 - 023652
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House Description

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.

Highlights

Listed by Melanie Crane Michael Navarro , 207-203-9022 Elevate Maine Realty , 207-331-4565.

Property Type

Multi-Family

Lot/Acreage
0.09

Year Built

1900

County

Cumberland

Listing ID

1665886

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:4
  • Full Bathrooms:3
Floor:Wood,Luxury Vinyl
Above Ground Sq Ft:3540
Below Ground Sq Ft:0
Basement:Interior Entry,Full,Unfinished
Water:Public

Exterior Features

Lot:Business District,Near Shopping,Near Turnpike/Interstate,Near Town,Neighborhood,Corner Lot,Sidewalks,Near Public Transit
Zoning:B2b
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved,1 - 4 Spaces,On Site
Principal Interest
$1,776
Taxes
$750

Home Price

$799,000

Loan Details

30 yrs
%

Down Payment

20%
$159,800
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:
$1,775.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,775.56 $750.45 $0.00 $2,526.00
Yearly $21,306.67 $9,005.37 $0.00 $30,312.04
Total $639,200.00 $270,161.10 $0.00 $909,361.10

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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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.