1638 Forest Ave

Portland, ME 04103

$999,000
Price
7
Beds
2,533 Sq. Ft.
$394 / Sq. Ft.
2,533
Sq. Ft.
$394
per Sq. Ft.
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Description

A unique opportunity for investors or developers—this property includes a well-maintained two-family home plus an additional lot for a combined total of almost 2.8 acres. The current owner has already been in contact with the city, and there's potential to build multiple new homes (buyers encouraged to perform due diligence). The existing two-unit features classic charm with hardwood floors, high ceilings, original moldings, decks, and porches. Enjoy solid rental income or owner-occupy while exploring...A unique opportunity for investors or developers—this property includes a well-maintained two-family home plus an additional lot for a combined total of almost 2.8 acres. The current owner has already been in contact with the city, and there's potential to build multiple new homes (buyers encouraged to perform due diligence). The existing two-unit features classic charm with hardwood floors, high ceilings, original moldings, decks, and porches. Enjoy solid rental income or owner-occupy while exploring future development possibilities. A property with this much space and flexibility doesn't come around often!

Property Details for 1638 Forest Avenue

Waterfront
No
ArchitecturalStyle
Victorian
Garage Spaces
.00
Garage
No
Zoning
RN-1
View
Trees/Woods
LISTING UPDATED: 10/27/2025 11:20 AM

Property Details for 1638 Forest Avenue

StatusActive
MLS #1641961
Days on Market46
Taxes$7,491 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1920
Lot Size2.79 AC / 121,532 SF
CountyCumberland County

Location

Listing Courtesy of The Atlantic Real Estate Network
Add your commute

Building Information for 1638 Forest Avenue

Stories-Residences2Year Built1920Building Size-Lot Size2.79 AC / 121,532 SF

Payment Calculator

$5,561 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,936

Property Taxes

$624

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1638 Forest Avenue

Summary
Location and General Information
  • Road Surface Type: Paved
  • Zip Code: 1302
  • Directions: GPS friendly
  • Town: Portland
  • State/Province: ME
  • Zip Code: 04103
  • County: Cumberland
  • Geo Latitude: 43.697505
  • Geo Longitude: -70.309401
  • Tax Lot: 50
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Sidewalks: Yes
  • Site:Wooded: Yes
  • Location:Near Golf Course: Yes
  • Location:Near Town: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Transportation:Major Road Access: Yes
  • Transportation:Public Transport Access: Yes
Parking
  • Parking Features: 11 - 20 Spaces, Paved, Off Street
  • Attached Garage: No
Taxes and HOA Information
  • Tax Book Number: 32084
  • Tax Map Number: 299
  • Tax Year: 2024
  • Parcel Number: PTLD-000299-D000050-000001
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $7,491.00
School Information
  • School District: Portland Public Schools
Property
Heating and Cooling
  • Water Heater:Electric: No
  • Water Heater:Off Heating System: Yes
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 2533.0
  • Lot Size Acres: 2.79
  • Source of Acreage: Public Records
  • Building Area Total: 2533.0
  • Lot Size Area: 2.79
  • Lot Size Units: Acres
  • Lot Size Square Feet: 121532.4
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Street Number: 1638
  • Property Information:Surveyed: Yes
  • Property Information:Seasonal: No
  • Property Information:Owner Occupied: No
  • Property Information:Bank Owned REO: No
  • Property Information:Total Half Baths: .00
  • Property Information:Source of Road Frontage: Public Records
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: 1920
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Gas:Natural - At Street: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Frame
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
  • Other Structures: Shed(s)
Interior Features
  • Basement: Interior, Brick/Mortar, Bulkhead
  • Flooring: Wood
  • Interior Features: 1st Floor Bedroom, Bathtub
  • Cooling: None
  • Heating: Baseboard
  • Foundation Details: Brick/Mortar
  • Bathrooms Total (Integer): 3
  • Bathrooms Total (Decimal): 3.00
  • Bathrooms Total (Notational): 3.00
  • Cooling YN: No
  • Heating YN: Yes
Multi Family
Income & Expenses Information
  • Gross Income: $11,400.00
  • Operating Expenses: $2,400.00
Multi-Family Information
  • Number of Units: 2
  • Building Info:# Heating Units: 2
  • Building Info:# Water Heaters: 2
Unit 1
  • Unit 1:Lease: No
  • Unit 1:Level: First
  • Unit 1:Security Deposit: No
  • Unit 1:Monthly Rent: $.00
  • Unit 1:# Full Baths: 2.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 8.00
  • Unit 1:# of Bedrooms: 5.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: Yes
  • Unit 1:Dedicated Water Heater: Yes
  • Unit 1:Electric: No
  • Unit 1:Heat: No
  • Unit 1:Range: Yes
  • Unit 1:Refrigerator: Yes
  • Unit 1:Sewer: Yes
  • Unit 1:Water: Yes
Unit 2
  • Unit 2:Lease: No
  • Unit 2:Level: Second
  • Unit 2:Security Deposit: No
  • Unit 2:Monthly Rent: $950.00
  • Unit 2:# Full Baths: 1.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 4.00
  • Unit 2:# of Bedrooms: 2.00
  • Unit 2:Dedicated Electric Meter: Yes
  • Unit 2:Dedicated Gas Meter: Yes
  • Unit 2:Dedicated Water Heater: Yes
  • Unit 2:Electric: No
  • Unit 2:Heat: No
  • Unit 2:Range: Yes
  • Unit 2:Refrigerator: Yes
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Range: Yes
  • Unit 3:Sewer: Yes
Unit Information
  • Units:# of 1 BD Units: 0
  • Units:# of 2 BD Units: 1
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 1

Property History for 1638 Forest Avenue

DateEvent & SourcePriceAppreciation
Oct 24, 2025

Listed (Active)

Maine Listings #1641961

$999,000—
Dec 2, 2004

Expired

Maine Listings #708077

$310,000—
Aug 30, 2004

Sold

Maine Listings #707675

$301,000—
Jul 23, 2004

Pending

Maine Listings #707675

—
Jul 22, 2004

Active Under Contract

Maine Listings #707675

—
Jun 2, 2004

Listed (Active)

Maine Listings #708077

$325,000—
Jun 2, 2004

Listed (Active)

Maine Listings #707675

$325,000—
Feb 24, 1998

Sold

Maine Listings #229755

$119,000—
Jan 10, 1998

Active Under Contract

Maine Listings #229755

—
Jan 5, 1998

Listed (Active)

Maine Listings #229755

$124,900—
DateEvent & SourcePrice
10/24/2025

Listed (Active)

Maine Listings #1641961

$999,000
12/02/2004

Expired

Maine Listings #708077

$310,000
08/30/2004

Sold

Maine Listings #707675

$301,000
07/23/2004

Pending

Maine Listings #707675

—
07/22/2004

Active Under Contract

Maine Listings #707675

—
06/02/2004

Listed (Active)

Maine Listings #708077

$325,000
06/02/2004

Listed (Active)

Maine Listings #707675

$325,000
02/24/1998

Sold

Maine Listings #229755

$119,000
01/10/1998

Active Under Contract

Maine Listings #229755

—
01/05/1998

Listed (Active)

Maine Listings #229755

$124,900

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

Public Records for 1638 Forest Avenue

Taxable ValueLand$70,900Additions$428,200Total$499,100
Tax Record2024$7,491 ($624 / month)
Home Facts
Baths3Total Finished SqFt2,533 SqFtAbove Grade Finished SqFt2,533 SqFtStories2Lot Size25,204 SqFtStyleDuplexYear Built1920CountyCUMBERLANDAPNPTLD M:299 B:D050001Fireplace TypeHas Fireplace

Schools near 1638 Forest Avenue

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
Gerald E Talbot Community School
Public - PK to 5
Lincoln Middle School
Public - 6 to 8
Casco Bay High School
Public - 9 to 12
Deering High School
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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More information about 1638 Forest Avenue, Portland, ME 04103

1638 Forest Avenue is a multi-family home for sale in Portland, ME 04103. This property was listed for sale on October 24, 2025 by The Atlantic Real Estate Network, it's currently listed at $999,000. It has been on the market for a total of 46 days and was last sold on August 30, 2004. 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. 1638 Forest Avenue is a 7-bed, 3-bath, 2,533 sqft multi-family home built in 1920.

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 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 The Atlantic Real Estate Network

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.