1148-1150 Forest AVE, Portland, ME 04103
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1148-1150 Forest AVE, Portland, ME 04103
1148-1150 Forest AVE, Portland, ME 04103
1148-1150 Forest AVE, Portland, ME 04103
1148-1150 Forest AVE, Portland, ME 04103
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Ashley Davis

Ashley Davis

+1(207) 291-5674
Listed by Kathryn Treem Coastal Pine Real Estate, LLC
$ 699,000
Est. payment /mo
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Open Thu 12PM-1:30PM

1148-1150 Forest AVE Portland, ME 04103

2 Baths

2,136 SqFt

Open House

Thu Sep 24, 12:00pm - 1:30pm

Fri Sep 25, 12:00pm - 1:30pm

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,136 sqft

Price per Sqft $327

Subdivision Deering

MLS Listing ID 1681452

Full Baths 2

HOA Y/N No

Year Built 1930

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Source Maine Listings

Land Area 2136

Property 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!

Location

State ME

County Cumberland

Community Deering

Zoning Multi Use Commercial

Rooms

Basement Interior Entry, Full, Unfinished

Interior

Interior Features 1st Floor Bedroom, Pantry

Heating Oil, Baseboard, Forced Air, Hot Water

Cooling None

Flooring Laminate, Vinyl, Wood

Equipment Cable, Internet Access Available

Laundry Washer Hookup

Exterior

Parking Features Paved, 5 - 10 Spaces, Off Street

Roof Type Shingle

Garage No

Building

Lot Description Business District, Intown, Near Shopping, Near Turnpike/Interstate, Sidewalks

Entry Level Multi-Level

Foundation Stone, Poured Concrete, Brick/Mortar

Water Public

Architectural Style Other

Others

Tax ID PTLD-000152-A000004-000001

Maine MLS (MREIS) IDX

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Ashley Davis

+1(207) 291-5674

adavis.re414@gmail.com

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1148-1150 Forest AVE