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

Overview

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!

Listing Details MLS# 1641961

Location Information

Street #: 1638
Street Name: Forest
Street Type: Avenue
County: Cumberland
Town: Portland
State/Province: ME
Zip Code: 04103
Zip +4: 1302
Leased Land: No
Book: 32084
Page: 135
Map: 299
Lot: 50
Zoning: RN-1
Zoning Overlay: Yes
Association: No
School District: Portland Public Schools
Full Tax Amount $: 7491
Tax Year: 2024
Tree Growth Y/N: No

Contract Information

Original List Price: 999000

Property Information

Surveyed: Yes
Seasonal: No
Owner Occupied: No
Bank Owned REO: No
Number of Units: 2
Total Baths: 3
Total Full Baths: 3
Year Built: 1920
SqFt Finished Above Grade: 2533
SqFt Finished Total: 2533
SqFt Source: Public Records
Garage: No
Lot Size Acres +/-: 2.79
Source of Acreage: Public Records
Road Frontage: Yes
Road Frontage +/-: 72
Source of Road Frontage: Public Records
Total Half Baths: 0
SqFt Finished Below Grade: 0
Garage Spaces: 0

Water Info

Water Frontage: No
Water View: No

Building Info

# Heating Units: 2
# Water Heaters: 2

Units

# of 2 BD Units: Yes
# of 4+ BD Units: Yes

More Information

Unit 1

Lease: No
Level: First
Security Deposit: No
# 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
Monthly Rent: 0

Unit 2

Lease: No
Level: Second
Security Deposit: No
Monthly Rent: 950
# Full Baths: Yes
# 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

Site

Level: Yes
Open: Yes
Sidewalks: Yes
Wooded: Yes

Location

Near Golf Course: Yes
Near Town: Yes
Near Turnpike/Interstate: Yes

Roads

Paved: Yes
Public: Yes

Transportation

Major Road Access: Yes
Public Transport Access: Yes

Style

Victorian: Yes

Construction

Wood Frame: Yes

Other Structures

Shed(s): Yes

Levels

Multi-Level: Yes

Basement

Brick/Mortar: Yes

View

Trees/Woods: Yes

Foundation Materials

Brick/Mortar: Yes

Exterior

Vinyl Siding: Yes

Roof

Shingle: Yes

Heat System

Baseboard: Yes

Heat Fuel

Gas Natural: Yes

Income & Expenses

Gross Income: 11400
Operating Expenses: 2400

Cooling

None: Yes

Floors

Wood: Yes

Parking

11 - 20 Spaces: Yes
Off Street: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - At Street: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Driveway

Paved: Yes

Basement Entry

Bulkhead: Yes
Interior: Yes

Water Heater

Off Heating System: Yes

Window Features

Double Pane Windows: Yes

Amenities

1st Floor Bedroom: Yes
Bathtub: Yes

Vehicle Storage

No Vehicle Storage: Yes

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 ›

Property Disclosure Public Access ›

Property Disclosure Land ›

Deed Public Access ›

Land Deed ›

Multi Family Addendum ›

Other Public Access 1 ›

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.