Mixed-use property offering both residential and commercial income potential in a highly visible Forest Ave location. Property includes a ground-level retail space with established tenant and a spacious, renovated two-level 5-bedroom residential unit. The residential unit offers strong rental potential, making this an attractive opportunity for investors or owner-occupants. Off-street parking and flexible layout add to the property's appeal. The building is equipped with natural gas heating, updated hot water heater, and a commercial-grade fire alarm and sprinkler system. Ideal for those seeking rental income, a live/work setup, or long-term investment in a prime Portland location. Also listed as Commercial MLS #1655962
| MLS # | 1656222 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 169 |
| Listing Provided By | F.O. Bailey Real Estate | Hoang Nguyen |
| Bath(s) | 3 Total |
|---|---|
| SQ Feet | 3,948 |
| Basement | Y |
| Units | 2 |
| Zoning | B2 |
| Acreage | 0.14 |
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air |
| Roof | Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Lot Features | Business District, Near Turnpike/Interstate, Sidewalks, Near Public Transit |
| Construction Materials | Wood Frame, Vinyl Siding |
| Exterior Co Exterior | Vinyl Siding |
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Paved, 5 - 10 Spaces |
| Sewer | Public Sewer |
|---|---|
| Electric | Circuit Breakers |
| Tax Annual Amount | 7910.39 |
|---|---|
| Tax Book Number | 35736 |
| Tax Year | 2026 |
| Tax Block | C |
| Tax Lot | 17 |
| Tax Map Number | 137 |
| State | ME |
|---|---|
| County | Cumberland |
| City | Portland |
| Zip Code | 04103 |
| Area | Cumberland |
| School District | Portland Public Schools |
| Listing VS Median (in 04103) | |
Price: $875,000 low | high Med: $649,900 sqft: 3,948 low | high Med: 2,543 $ / sqft: $222 low | high Med: $256 On site: 169 low | high Med: 140 | |
| State | ME |
|---|---|
| County | Cumberland |
| City | Portland |
| Zip Code | 04103 |
| Area | Cumberland |
| School District | Portland Public Schools |
| Listing VS Median (in 04103) | |
Price: $875,000 low | high Med: $649,900 sqft: 3,948 low | high Med: 2,543 $ / sqft: $222 low | high Med: $256 On site: 169 low | high Med: 140 | |