671 Forest Ave
Description
opportunity at the vibrant intersection of Forest Ave, Woodford St, and Ocean Ave. This property features a strategic location with one
street-level retail unit, perfect for businesses seeking prime visibility, and eight residential units on the second floor, providing modern
living spaces with 1 to 3 bedrooms. Positioned at a bustling intersection, the property promises...INVESTORS TAKE NOTICE: 1 retail and 8 residential units (9 units total) in a prime Portland 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 one
street-level retail unit, perfect for businesses seeking prime visibility, and eight residential units on the second floor, providing modern
living spaces with 1 to 3 bedrooms. 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. The full finished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical
convenience for the retail unit.
- Listed by Sarem Al-Shawk • Maine Real Estate Co
- Listed by Bailey Pate • Maine Real Estate Co
Property Details for 671 Forest Avenue
Property Details for 671 Forest Avenue
| Status | Active |
|---|---|
| MLS # | 1650411 |
| Days on Market | 12 |
| Taxes | $15,028 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Commercial / Mixed Use |
| Year Built | 1910 |
| Lot Size | 0.12 AC / 5,227 SF |
| County | Cumberland County |
Location
Building Information for 671 Forest Avenue
Payment Calculator
$8,558 per month
30 year fixed, 6.15% Interest
$7,306
$1,252
$0
Property Information for 671 Forest Avenue
- Zip Code: 4101
- Town: Portland
- State/Province: ME
- Zip Code: 04103
- County: Cumberland
- Geo Latitude: 43.671155
- Geo Longitude: -70.284152
- Tax Lot: L002
- Location:Bus Line: Yes
- Location:Business District: Yes
- Location:Downtown: Yes
- Location:Near Airport: Yes
- Location:Near Shopping: Yes
- Location:Near Turnpike/Interstate: Yes
- Location:Public Transport Access: Yes
- Parking Features: 1 - 4 Spaces, Paved, Off Street, On Street
- Tax Book Number: 31169
- Tax Map Number: 129
- Tax Year: 2024
- Parcel Number: PTLD-000129-L000002-000001
- Location Information:Association Y/N: No
- Tax Annual Amount: $15,028.00
- Lot Size Acres: 0.12
- Building Area Total: 11169.0
- Lot Size Area: 0.12
- Lot Size Units: Acres
- Lot Size Square Feet: 5227.2
- Street Number: 671
- Property Information:Surveyed: No
- Leased Land: No
- Property Type: Commercial
- Property Type Label: Commercial
- Property Sub-Type: Mixed Use
- Year Built: 1910
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
- Gas:Natural - At Street: Yes
- Gas:Natural - On Site: Yes
- Construction Materials: Brick Veneer, Brick, Masonry
- Roof: Flat, Other
- Basement: Walk-Out Access, Finished, Full, Unfinished
- Flooring: Vinyl, Tile, Carpet
- Cooling: None
- Heating: Hot Water, Baseboard
- Bathrooms Total (Integer): 0
- Bathrooms Total (Decimal): .00
- Bathrooms Total (Notational): .00
- Cooling YN: No
- Heating YN: Yes
- Gross Income: $145,308.00
- Operating Expenses: $34,519.00
Property History for 671 Forest Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 26, 2026 | Listed (Active) Maine Listings #1650411 | $1,499,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/26/2026 | Listed (Active) Maine Listings #1650411 | $1,499,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 671 Forest Avenue
Schools near 671 Forest Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Ocean Avenue PublicK to 5 | ||
Lyman Moore Middle School Public6 to 8 | ||
Deering High School Public9 to 12 | ||
Portland 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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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 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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
