1148-1150 Forest Avenue, Portland, ME 04103 (MLS # 1681452)

Price $699,000
Status Active
Beds 0
Baths 2 Baths
Home size 2,136 sqft
Lot Size 3,921 sqft
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!
Property Type(s): Multi Family
Last Updated 9/21/2026 Tract Deering
Year Built 1930 Community Deering
County Cumberland

Additional Details

AIR None
BASEMENT Full, Interior Entry, Unfinished, Yes
CONSTRUCTION Frame, Vinyl Siding
HEAT Baseboard, Forced Air, Hot Water, Oil
INTERIOR Pantry
LOT 3920 sq ft
LOT DIMENSIONS 0.09
MLS STATUS Active
PARKING Paved, Off Street
SEWER Public Sewer
STYLE Other
SUBDIVISION Deering
TAXES 6608
UTILITIES Natural Gas Available, Cable Available
WATER Public
Listing provided by Coastal Pine Real Estate, LLC

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

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