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2 Baths
2,136 sqft

$699,000

1148-1150 Forest Avenue, Portland ME, 04103

Built in1930
Property size2,136 sqft
Property typeMulti-family
Courtesy of Coastal Pine Real Estate, LLC

Overview

Active

Listed Sep 21, 2026

Updated 28h ago

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-business use. A versatile Portland property offering rental income, ample parking, recent major improvements and future potential!

$4,650/mo

Est. mortgage payment based on a $699,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1681452

Interior Features

Bathrooms
2
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$6,608
Tax Frequency
Annually
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Listing Contact: 207-400-4064

Listed by Kathryn Treem with Coastal Pine Real Estate, LLC 207-400-4064

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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor James Spear shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data is refreshed every 3 hours. Listing last updated at 6:43 AM UTC, 10/9/2026

 

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