1435 Forest Ave

2,910 Sq. Ft.
$215 / Sq. Ft.
2,910
Sq. Ft.
$215
per Sq. Ft.

Description

Excellent opportunity to own a mixed used building with high visibility in downtown Portland! Whether you're an owner-user ready to launch your business, or an investor seeking turnkey cash flow with upside this property checks every box! Ground floor store front, with 3 bed apartment above. Includes an additional finished space for storage or break room.Excellent opportunity to own a mixed used building with high visibility in downtown Portland! Whether you're an owner-user ready to launch your business, or an investor seeking turnkey cash flow with upside this property checks every box! Ground floor store front, with 3 bed apartment above. Includes an additional finished space for storage or break room.
  1. Listed by James Trask • Better Homes & Gardens Real Estate/The Masiello Group • 2072813837

Property Details for 1435 Forest Avenue

Waterfront
No
ArchitecturalStyle
Other, New Englander
Garage Spaces
.00
Garage
No
Zoning
D3
LISTING UPDATED: 01/04/2026 02:32 AM

Property Details for 1435 Forest Avenue

StatusActive
MLS #1646140
Days on Market40
Taxes$7,529 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1923
Lot Size0.17 AC / 7,405 SF
CountyCumberland County

Location

Listing Courtesy of Better Homes & Gardens Real Estate/The Masiello Group
Add your commute

Building Information for 1435 Forest Avenue

Stories-Residences1Year Built1923Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$3,674 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,046

Property Taxes

$627

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1435 Forest Avenue

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 1728
  • Town: Portland
  • State/Province: ME
  • Zip Code: 04103
  • County: Cumberland
  • Geo Latitude: 43.693823
  • Geo Longitude: -70.301347
  • Tax Lot: 4
  • Site:Level: Yes
  • Site:Sidewalks: Yes
  • Location:Intown: Yes
  • Location:Near Shopping: Yes
  • Location:Near Town: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Location:Neighborhood: Yes
Parking
  • Parking Features: 1 - 4 Spaces, Paved
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 41550
  • Tax Map Number: 340
  • Tax Year: 2024
  • Parcel Number: PTLD-000340-D000004-000001
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $7,529.00
Property
Heating and Cooling
  • Water Heater:Electric: Yes
  • Water Heater:Gas: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 2910.0
  • Lot Size Acres: 0.17
  • Source of Acreage: Public Records
  • Building Area Total: 2910.0
  • Lot Size Area: 0.17
  • Lot Size Units: Acres
  • Lot Size Square Feet: 7405.2
  • Bathrooms Full: 0
  • Bathrooms Half: 1
  • Street Number: 1435
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Total Half Baths: 1.00
Parking
  • Driveway:Paved: Yes
Property and Assessments
  • Sign on Property: Yes
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Year Built: 1923
Utilities
  • Electric: True
  • Sewer: Public Sewer
  • Water Source: Public
  • Other Equipment: Other Equipment
  • Gas:Natural - On Site: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
Interior Features
  • Basement: Interior, Brick/Mortar
  • Flooring: Vinyl, Tile, Laminate, Carpet
  • Cooling: None
  • Heating: Heat Pump, Forced Air, Direct Vent Furnace
  • Laundry Features: Laundry - 1st Floor, Main Level
  • Bathrooms Total (Integer): 1
  • Bathrooms Total (Decimal): .50
  • Bathrooms Total (Notational): .10
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $28,800.00
  • Operating Expenses: $.00
Multi-Family Information
  • Number of Units: 1
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: No
  • Unit 1:Monthly Rent: $.00
  • Unit 1:# Full Baths: .00
  • Unit 1:# of Half Baths: 1.00
  • Unit 1:# of Rooms: 3.00
  • Unit 1:# of Bedrooms: .00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: Yes
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: Yes
  • Unit 1:Heat: Yes
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: No
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 0
  • Units:# of 3 BD Units: 1
  • Units:# of 4+ BD Units: 0

Property History for 1435 Forest Avenue

DateEvent & SourcePriceAppreciation
Dec 9, 2025

Listed (Active)

Maine Listings #1646290

$625,000
Dec 9, 2025

Listed (Active)

Maine Listings #1646140

$625,000
Jul 1, 2025

Sold

Maine Listings #1621505

$595,000
Jun 27, 2025

Sold (Public Record)

Public Record #1903688459

$595,000

-4.4% / yr

Jun 11, 2025

Pending

Maine Listings #1621505

Jun 11, 2025

Active Under Contract

Maine Listings #1621505

May 5, 2025

Listed (Active)

Maine Listings #1621505

$599,900
Jun 7, 2024

Sold

Maine Listings #1577078

$625,000
May 24, 2024

Sold (Public Record)

Public Record #1534047195

$625,000
Mar 22, 2024

Pending

Maine Listings #1577078

Mar 18, 2024

Active Under Contract

Maine Listings #1577078

Feb 2, 2024

Expired

Maine Listings #1577078

$649,900
Nov 9, 2023

Listed (Active)

Maine Listings #1577078

$699,900
Apr 4, 2018

Expired

Maine Listings #1328736

$427,900
Oct 4, 2017

Listed (Active)

Maine Listings #1328736

$427,900
DateEvent & SourcePrice
12/09/2025

Listed (Active)

Maine Listings #1646290

$625,000
12/09/2025

Listed (Active)

Maine Listings #1646140

$625,000
07/01/2025

Sold

Maine Listings #1621505

$595,000
06/27/2025

Sold (Public Record)

Public Record #1903688459

$595,000

-4.4% / yr

06/11/2025

Pending

Maine Listings #1621505

06/11/2025

Active Under Contract

Maine Listings #1621505

05/05/2025

Listed (Active)

Maine Listings #1621505

$599,900
06/07/2024

Sold

Maine Listings #1577078

$625,000
05/24/2024

Sold (Public Record)

Public Record #1534047195

$625,000
03/22/2024

Pending

Maine Listings #1577078

03/18/2024

Active Under Contract

Maine Listings #1577078

02/02/2024

Expired

Maine Listings #1577078

$649,900
11/09/2023

Listed (Active)

Maine Listings #1577078

$699,900
04/04/2018

Expired

Maine Listings #1328736

$427,900
10/04/2017

Listed (Active)

Maine Listings #1328736

$427,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1435 Forest Avenue

Taxable ValueLand$178,400Additions$323,200Total$501,600
Tax Record2024$7,529 ($627 / month)
Home Facts
Total Finished SqFt4,310 SqFtAbove Grade Finished SqFt4,310 SqFtLot Size7,658 SqFtStyleMiscellaneous CommercialYear Built1923CountyCUMBERLANDAPNPTLD M:340 B:D004001

Schools near 1435 Forest Avenue

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gerald E Talbot Community School
PublicPK to 5

Lincoln Middle School
Public6 to 8

Casco Bay High School
Public9 to 12

Deering High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1435 Forest Avenue is a multi-family home for sale in Portland, ME 04103. This property was listed for sale on December 9, 2025 by Better Homes & Gardens Real Estate/The Masiello Group, it's currently listed at $625,000. It has been on the market for a total of 40 days and was last sold on July 1, 2025. This listing's school district is Portland Public Schools. Nearby schools include Gerald E Talbot Community School, Lincoln Middle School and Casco Bay High School. 1435 Forest Avenue is a 0-bed, 1-bath, 2,910 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Better Homes & Gardens Real Estate/The Masiello Group

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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.