Active

671-675 Forest Avenue

Portland ME, 04103

$1,499,000


Active

5 Baths

7,446 sqft

Multi-family

Built in 1910

Courtesy of Maine Real Estate Co

2 retail & 5 residential units in a prime location! Discover a unique investment opportunity at the vibrant intersection of Forest Ave, Woodford St, and Ocean Ave. This property features a strategic location with two street-level retail units, perfect for businesses seeking prime visibility, and five residential units on the second floor, providing modern living spaces with 1 to 3 bedrooms. The full unfinished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical convenience. Positioned at a bustling intersection, the property promises high traffic and accessibility via major thoroughfares and public transportation. Investors can capitalize on a steady rental income stream from the mix of residential and commercial spaces, while the prime location ensures long-term appreciation and demand. Explore the potential of this mixed-use gem, combining convenience, versatility, and income prospects. Schedule your private viewing and seize the opportunity to invest in this dynamic property.

1581920

MLS ID

February 9, 2024

Listed

December 19, 2024

Updated

Map

671-675 Forest Avenue
Portland ME, 04103

Interior Features

Total Bathrooms

5


Full Bathrooms

5


Floor Description

Vinyl, Tile, Carpet


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Hot Water, Baseboard

Exterior/Building Features

Lot Size

0.12 Acres


Lot Features

Level, Open Lot, Sidewalks, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Public Transit


Architectual Style

Multi-Level


Roof

Flat, Other


Sewer

Public Sewer

Other Property Details

Taxes

$18,140


Tax Frequency

Annually


Garage

No


Parking

1 - 4 Spaces, Paved, Common, Off Street


View

No


County

Cumberland


Water Source

Public


Pool

No


Zoning

B2B

Listing History

Date

Event

Price

6/7/2024

Price change

$1,499,000

-7%

Listing Contact: 207-415-7986

Courtesy of  Maine Real Estate Co

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Town & Shore Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Maine Real Estate Information System, Inc. All rights reserved. 

Data last updated 8:10 PM UTC, 12/19/2024

 

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