1638 Forest Avenue, Portland, ME 04103
$999,000
Property Type:
Multi-Family
Baths:
3
Square Footage:
2,533
Lot Size (sq. ft.):
121,532
Status:
Active
Current Price:
$999,000
List Date:
10/27/2025
Last Modified:
10/27/2025
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 future development possibilities. A property with this much space and flexibility doesn't come around often!
Supplements: ********
More Information MLS# 1641961
Location Information
Book: 32084
Leased Land: No
Page: 135
Map: 299
Lot: 50
Zoning Overlay: Yes
Association: No
School District: Portland Public Schools
Tree Growth Y/N: No
Street #: 1638
Street Name: Forest
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04103
Zip +4: 1302
Zoning: RN-1
Full Tax Amount $: 7491
Tax Year: 2024
Geo Lat: 43.697505
Geo Lon: -70.309401
Property Information
Surveyed: Yes
Seasonal: No
Owner Occupied: No
Number of Units: 2
Bank Owned REO: No
Lot Size Acres +/-: 2.79
Total Baths: 3
Total Half Baths: 0
Road Frontage: Yes
Road Frontage +/-: 72
Source of Road Frontage: Public Records
SqFt Finished Above Grade: 2533
SqFt Finished Below Grade: 0
SqFt Source: Public Records
Garage: No
Garage Spaces: 0
Total Full Baths: 3
Year Built: 1920
SqFt Finished Total: 2533
Source of Acreage: Public Records
Site
Level: 1
Open: 1
Sidewalks: 1
Wooded: 1
Location
Near Golf Course: 1
Near Town: 1
Near Turnpike/Interstate: 1
Roads
Paved: 1
Public: 1
Transportation
Major Road Access: 1
Public Transport Access: 1
Water Info
Water Frontage: No
Water View: No
Style
Victorian: 1
Construction
Wood Frame: 1
Other Structures
Shed(s): 1
Levels
Multi-Level: 1
Basement
Brick/Mortar: 1
View
Trees/Woods: 1
Foundation Materials
Brick/Mortar: 1
Exterior
Vinyl Siding: 1
Roof
Shingle: 1
Heat System
Baseboard: 1
Building Info
# Heating Units: 2
# Water Heaters: 2
Heat Fuel
Gas Natural: 1
Income & Expenses
Gross Income: 11400
Operating Expenses: 2400
Cooling
None: 1
Floors
Wood: 1
Units
# of 2 BD Units: 1
# of 4+ BD Units: 1
Parking
11 - 20 Spaces: 1
Off Street: 1
Paved: 1
Unit 1
Lease: No
Level: First
Security Deposit: No
Monthly Rent: 0
# Full Baths: 2
# of Rooms: 8
# of Bedrooms: 5
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Electric
Circuit Breakers: 1
Unit 2
Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 950
# Full Baths: 1
# of Rooms: 4
# of Bedrooms: 2
Dedicated Electric Meter: Yes
Dedicated Gas Meter: Yes
Dedicated Water Heater: Yes
Electric: No
Heat: No
Range: Yes
Refrigerator: Yes
Sewer: Yes
Water: Yes
Gas
Natural - At Street: 1
Sewer
Public Sewer: 1
Water
Public: 1
Driveway
Paved: 1
Basement Entry
Bulkhead: 1
Interior: 1
Water Heater
Off Heating System: 1
Window Features
Double Pane Windows: 1
Amenities
1st Floor Bedroom: 1
Bathtub: 1
Vehicle Storage
No Vehicle Storage: 1
Contract Information
Status: Active
Original List Price: 999000
List Price: $999,000
Current Price: $999,000
Property Features
Site: Level; Open; Sidewalks; Wooded
Location: Near Golf Course; Near Town; Near Turnpike/Interstate
Roads: Paved; Public
Transportation: Major Road Access; Public Transport Access
View: Trees/Woods
Style: Victorian
Levels: Multi-Level
Construction: Wood Frame
Other Structures: Shed(s)
Basement: Brick/Mortar
Basement Entry: Bulkhead; Interior
Foundation Materials: Brick/Mortar
Exterior: Vinyl Siding
Roof: Shingle
Heat System: Baseboard
Heat Fuel: Gas Natural
Water Heater: Off Heating System
Cooling: None
Floors: Wood
Window Features: Double Pane Windows
Amenities: 1st Floor Bedroom; Bathtub
Driveway: Paved
Parking: 11 - 20 Spaces; Off Street; Paved
Vehicle Storage: No Vehicle Storage
Electric: Circuit Breakers
Gas: Natural - At Street
Sewer: Public Sewer
Water: Public
Documents
Survey ›
Listing Office:
The Atlantic Real Estate Network
IDX
Last Updated: October - 27 - 2025
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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.