(207) 808-2426

1148-1150 Forest Avenue, Portland, ME 04103

$699,000
Property Type: Multi-Family Baths: 2 Square Footage: 2,136 Lot Size (sq. ft.): 3,920 Status: Active
Current Price: $699,000 List Date: 9/21/2026 Last Modified: 9/26/2026

Overview

Description

Opportunity awaits at this well-located two-unit property in Portland. Each spacious unit offers two bedrooms, one full bath and a comfortable five-room layout, with dedicated electric meters and water heaters. Currently tenant-occupied, generating rental income and offering an appealing option for investors or owner-occupants looking to offset their mortgage with rental revenue. Several major exterior and mechanical improvements have already been completed, including a newer furnace, water heater and roof. A full unfinished basement provides additional storage with laundry, while the attic offers potential to expand the second-floor unit, subject to applicable approvals. The paved driveway provides plenty of off-street parking—a valuable convenience in Portland. Located in a Multi-Use Commercial zone with excellent visibility and convenient access to shopping, local businesses, major roadways and the Maine Turnpike, the property may also offer possibilities for a home-based or small ...

Listing Details MLS# 1681452

Location Information

Street #
1148-1150
Street Name
Forest
Street Type
Avenue
County
Cumberland
Town
Portland
State/Province
ME
Zip Code
04103
Zip +4
3326
Leased Land
No
Book
40972
Page
52
Map
152
Block
A
Lot
4
Zoning
Multi Use Commercial
Zoning Overlay
No
Neighborhood Association
Deering
Association
No
Full Tax Amount $
6608
Tax Year
2025
Tree Growth Y/N
No

Contract Information

Original List Price
699000

Property Information

Surveyed
Unknown
Seasonal
No
Owner Occupied
No
Deed/Conveyance Type Offered
Quit Claim w/Covenant
Deed
All
2 Detached Houses on 1 Lot
No
Number of Units
2
Total Baths
2
Total Full Baths
2
Year Built
1930
SqFt Finished Above Grade
2136
SqFt Finished Total
2136
SqFt Source
Public Records
Garage
No
Lot Size Acres +/-
0.09
Source of Acreage
Public Records

Water Info

Waterfront
No
Water View
No

Units

# of 2 BD Units
2

Unit 1

Lease
No
Level
First
Security Deposit
No
Monthly Rent
2300
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
Yes
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
No
Water
No

More Information

Unit 2

Lease
No
Level
Second
Security Deposit
No
Monthly Rent
2000
# Full Baths
Yes
# of Rooms
5
# of Bedrooms
2
Dedicated Electric Meter
Yes
Dedicated Gas Meter
No
Dedicated Water Heater
Yes
Electric
No
Heat
No
Range
Yes
Refrigerator
Yes
Sewer
No
Water
No

Utilities

Pole
Yes

Property Features

Site: Sidewalks Location: Business District; Intown; Near Shopping; Near Turnpike/Interstate Roads: Paved; Public Transportation: Major Road Access Style: Other Levels: Multi-Level Construction: Wood Frame Basement: Full; Unfinished Basement Entry: Interior Foundation Materials: Brick/Mortar; Poured Concrete; Stone Exterior: Vinyl Siding Roof: Shingle Heat System: Baseboard; Forced Air; Hot Water Heat Fuel: Oil Water Heater: Electric Cooling: None Floors: Laminate; Vinyl; Wood Amenities: 1st Floor Bedroom; Laundry - Hookup; Pantry Equipment: Cable; Internet Access Available Driveway: Paved Parking: 5 - 10 Spaces; Off Street Vehicle Storage: No Vehicle Storage Electric: Circuit Breakers Gas: Natural - At Street; Natural - On Site; Unknown Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: Coastal Pine Real Estate, LLC
Last Updated: September - 26 - 2026
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. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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