736 Forest Ave

Portland, ME 04103

$799,000
Price
6
Beds
3,540 Sq. Ft.
$226 / Sq. Ft.
3,540
Sq. Ft.
$226
per Sq. Ft.
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736 Forest Ave
Back Cove
Northbound
Southbound
Unit 1 & 3
Unit 2
Off Street Parking
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Description

High-visibility property in the Mixed Use Zone B-2B, located on the corner of Forest Ave & Pleasant Ave, just north of Woodford's Corner. The property offers a first-floor 829 SF commercial corner suite with approx 35,000+ cars/day traffic count - ideal for retail, office, salon/barber, and other permitted uses (see land use docs). The upper levels contain two, fully renovated and occupied residential units with separate entrances: a 2BD/1BA (945 SF, $2,500/month) and a 4BD/2BA (1,766 SF, $3,4000/month)....High-visibility property in the Mixed Use Zone B-2B, located on the corner of Forest Ave & Pleasant Ave, just north of Woodford's Corner. The property offers a first-floor 829 SF commercial corner suite with approx 35,000+ cars/day traffic count - ideal for retail, office, salon/barber, and other permitted uses (see land use docs). The upper levels contain two, fully renovated and occupied residential units with separate entrances: a 2BD/1BA (945 SF, $2,500/month) and a 4BD/2BA (1,766 SF, $3,4000/month). High rental demand and modern finishes position these units for strong long-term performance. Additional features include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation. Strategic location minutes from I-295 and downtown Portland, and within half a mile of Back Cove, Stevens Ave Deering neighborhood (Norimoto Bakery, Rambler Café, Pat's Meat Market), and Woodfords Corner amenities. A flexible investment opportunity suitable for owner-occupiers or investors seeking a mixed-use property with strong signage visibility and cash flow potential. Also listed as COMMERCIAL MLS#: 1638190
  1. Listed by Melanie Crane Michael Navarro • Elevate Maine Realty

Property Details for 736 Forest Avenue

Waterfront
No
ArchitecturalStyle
New Englander
Garage Spaces
.00
Garage
No
Zoning
B2b
LISTING UPDATED: 05/13/2026 09:21 AM

Property Details for 736 Forest Avenue

StatusActive
MLS #1638196
Days on Market237
Taxes$9,005 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeCommercial
Year Built1900
Lot Size0.09 AC / 3,920 SF
CountyCumberland County
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Location

Listing Courtesy of Elevate Maine Realty
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Building Information for 736 Forest Avenue

Stories3Residences3Year Built1900Building Size-Lot Size0.09 AC / 3,920 SF

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$4,774 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,023

Property Taxes

$750

HOA Dues

$0

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Property Information for 736 Forest Avenue

Summary
Location and General Information
  • Directions: Corner of Forest Ave and Pleasant Ave, Portland
  • Town: Portland
  • State/Province: ME
  • Zip Code: 04103
  • County: Cumberland
  • Geo Latitude: 43.673283
  • Geo Longitude: -70.285767
  • Tax Lot: 18
  • Site:Corner Lot: Yes
  • Site:Sidewalks: Yes
  • Location:Business District: Yes
  • Location:Near Shopping: Yes
  • Location:Near Town: Yes
  • Location:Near Turnpike/Interstate: Yes
  • Location:Neighborhood: Yes
  • Transportation:Major Road Access: Yes
  • Transportation:Public Transport Access: Yes
  • Construction: Wood Frame
  • Water View2: No
  • Tree Growth YN2: false
Parking
  • Parking Features: Paved, 1 - 4 Spaces, On Site
  • Attached Garage: No
  • Parking: 1 - 4 Spaces, On Site2, Paved3
Taxes and HOA Information
  • Tax Book Number: 34141
  • Tax Map Number: 130
  • Tax Year: 2026
  • Parcel Number: PTLD-000130-H000018-000001
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $9,005.37
Property
Heating and Cooling
  • Water Heater:Electric: No
  • Heat Fuel: Gas Natural
  • Heat System: Direct Vent Heater
Lot Information
  • SqFt Finished Below Grade: 0.0
  • SqFt Finished Above Grade: 3540.0
  • Lot Size Acres: 0.09
  • Source of Acreage: Public Records
  • Building Area Total: 3540.0
  • Lot Size Area: 0.09
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3920.4
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Street Number: 736
  • Property Information:Surveyed: Unknown
  • Property Information:Seasonal: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed/Conveyance Type Offered: Warranty
  • Property Information:Deed: All
  • Property Information:Year Renovated +/-: 2,025.00
  • Property Information:Total Half Baths: 1.00
  • Property Information:Total # Floors: 3.00
Parking
  • Driveway:Paved: Yes
  • Driveway: Paved2
Property and Assessments
  • Leased Land: No
  • Property Type: Multi-Family
  • Property Type Label: Multi-Family
  • Property Sub-Type: Multi Family
  • Year Built: 1900
Utilities
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities:Utilities On: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater: Electric2
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Aluminum Siding
  • # Fireplaces: 0
  • Fireplace: No
  • Vehicle Storage:No Vehicle Storage: Yes
  • Roof: Shingle
  • Vehicle Storage: No Vehicle Storage
  • Basement Entry: Interior
Interior Features
  • Basement: Full, Unfinished
  • Flooring: Luxury Vinyl, Wood
  • Interior Features: Storage
  • Cooling: None
  • Heating: Gas Natural, Direct Vent Heater
  • Foundation Details: Brick/Mortar, Poured Concrete
  • # Floors: 3
  • Bathrooms Total (Integer): 4
  • Bathrooms Total (Decimal): 3.50
  • Bathrooms Total (Notational): 3.10
  • Cooling YN: No
  • Heating YN: Yes
  • Levels: Multi-Level
Multi Family
Income & Expenses Information
  • Gross Income: $106,800.00
  • Operating Expenses: $14,000.00
  • Gross Income: $106,800.00
  • Operating Expenses: $14,000.00
Multi-Family Information
  • Number of Units: 3
  • Building Info:# Fireplaces: 0
  • Building Info:# Stories: 3
  • Building Info:# Heating Units: 7
  • Building Info:# Water Heaters: 2
Unit 1
  • Unit 1:Lease: Yes
  • Unit 1:Level: First
  • Unit 1:Security Deposit: Yes
  • Unit 1:Monthly Rent: $2,500.00
  • Unit 1:# Full Baths: 1.00
  • Unit 1:# of Half Baths: .00
  • Unit 1:# of Rooms: 4.00
  • Unit 1:# of Bedrooms: 2.00
  • Unit 1:Dedicated Electric Meter: Yes
  • Unit 1:Dedicated Gas Meter: Yes
  • Unit 1:Dedicated Water Heater: No
  • 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: Yes
  • Unit 2:Level: Second
  • Unit 2:Monthly Rent: $3,400.00
  • Unit 2:# Full Baths: 2.00
  • Unit 2:# Half Baths: .00
  • Unit 2:# of Rooms: 8.00
  • Unit 2:# of Bedrooms: 4.00
  • 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: No
  • Unit 2:Refrigerator: No
  • Unit 2:Sewer: Yes
  • Unit 2:Water: Yes
Unit 3
  • Unit 3:Lease: No
  • Unit 3:Level: First
  • Unit 3:Monthly Rent: $.00
  • Unit 3:# Full Baths: .00
  • Unit 3:# Half Baths: 1.00
  • Unit 3:# of Rooms: 3.00
  • Unit 3:# of Bedrooms: .00
  • Unit 3:Dedicated Electric Meter: Yes
  • Unit 3:Dedicated Gas Meter: Yes
  • Unit 3:Dedicated Water Heater: No
  • Unit 3:Electric: No
  • Unit 3:Heat: No
  • Unit 3:Range: Yes
  • Unit 3:Refrigerator: No
  • Unit 3:Sewer: Yes
  • Unit 3:Water: Yes
Unit 4
  • Unit 4:Electric: No
Unit Information
  • Units:# of 1 BD Units: 1
  • Units:# of 2 BD Units: 1
  • Units:# of 3 BD Units: 0
  • Units:# of 4+ BD Units: 1

Property History for 736 Forest Avenue

DateEvent & SourcePriceAppreciation
May 8, 2026

Price Change

Maine Listings #1638190

$799,000—
May 8, 2026

Price Change

Maine Listings #1638196

$799,000—
Apr 9, 2026

Price Change

Maine Listings #1638196

$860,000—
DateEvent & SourcePrice
05/08/2026

Price Change

Maine Listings #1638190

$799,000
05/08/2026

Price Change

Maine Listings #1638196

$799,000
04/09/2026

Price Change

Maine Listings #1638196

$860,000

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

Public Records for 736 Forest Avenue

Taxable ValueLand$212,500Additions$539,200Total$751,700
Tax Record2025$9,005 ($750 / month)
Home Facts
Total Finished SqFt5,760 SqFtAbove Grade Finished SqFt5,760 SqFtLot Size4,169 SqFtStyleStoresYear Built1900CountyCUMBERLANDAPNPTLD M:130 B:H018001

Schools near 736 Forest Avenue

This home is within Portland Public Schools.
Rating
School
Type
Grades
Distance
Longfellow School-Portland
Public - PK to 5
Lincoln Middle School
Public - 6 to 8
Deering High School
Public - 9 to 12
Portland High School
Public - 9 to 12
Rating
School
Distance
Longfellow School-Portland
PublicPK to 5

Lincoln 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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More information about 736 Forest Avenue, Portland, ME 04103

736 Forest Avenue is a multi-family home for sale in Portland, ME 04103. This property was listed for sale on January 4, 2025 by Elevate Maine Realty, it's currently listed at $799,000. It has been on the market for a total of 237 days and was last sold on April 26, 2002. This listing's school district is Portland Public Schools. Nearby schools include Longfellow School-Portland, Lincoln Middle School and Deering High School. 736 Forest Avenue is a 6-bed, 4-bath, 3,540 sqft multi-family home built in 1900.

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 Elevate Maine Realty

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.