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$505,000

  • For Sale
  • Active
  • Commercial
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Excellent opportunity to own a mixed used building with high visibility in downtown Portland! Whether you're an owner-user ready to launch your business, or an investor seeking turnkey cash flow with upside this property checks every box! Ground floor store front, with 3 bed apartment above. Includes an additional finished space for storage or break room.

Full Property Details for 1435 Forest Ave

General

  • Price: $505,000
  • Taxes: $7,529 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MREIS
  • MLS ID: 1646290
  • Updated: 8/13/2026
  • Added to Site: 43 day(s) ago

Business

  • Business Type: Restaurant

Interior

  • Flooring: Carpet, Laminate, Tile, Vinyl

Parking

  • Parking Features: 1 - 4 Spaces

Location

  • County: Cumberland

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Electric, Gas Natural, Oil, Direct Vent Furnace, Forced Air, Heat Pump

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Wood Frame, Wood Siding
  • Basement: Yes
  • Basement Desc.: Brick/Mortar
  • Roof: Shingle
  • Square Feet: 2,910
  • Year Built: 1923

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,405.2
  • Zoning: D3
  • Lot Description: Near Shopping

Financial Considerations

  • Tax Amount: $7,529
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 4

Listed by Better Homes & Gardens Real Estate/The Masiello Group (207) 560-4683

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Listing agent

— 1435 Forest Ave —

  • Better Homes & Gardens Real Estate/The Masiello Group

    207-560-4683

2072813837

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1435 Forest Ave

School District:Portland
NameGradesDistance
Gerald E Talbot Community School
1600 Forest Avenue, Portland, ME 04103
PK-50.4 mi
Lincoln Middle School, Portland, ME
522 Stevens Avenue, Portland, ME 04103
6-81.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1435 Forest Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/20/2026
Price Reduced
$505,000
-4.54%
MLS
6/08/2026
Price Reduced
$529,000
-3.82%
MLS
5/26/2026
Price Reduced
$550,000
-4.35%
MLS
5/11/2026
Price Reduced
$575,000
-4.01%
MLS
4/03/2026
Price Reduced
$599,000
-4.16%
MLS
12/11/2025
Listed
$625,000
5.04%
MLS
6/27/2025
Sold
$595,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1435 Forest Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,115
-5%
$593,900
18%
2024
$7,529
4%
$501,600
—
2023
$7,228
6%
$501,600
—
2022
$6,827
5%
$501,600
—
2021
$6,516
9%
$501,600
95%
2020
$5,990
—
$256,970
—
2019
$5,990
4%
$256,970
—
2018
$5,777
4%
$256,970
—
2017
$5,563
3%
$256,970
—
2016
$5,425
2%
$256,970
—
2015
$5,301
3%
$256,970
—
2014
$5,139
3%
$256,970
—
2013
$4,988
—
$256,970
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1435 Forest Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Better Homes & Gardens Real Estate/The Masiello Group (207) 560-4683

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1435 Forest Avenue, Portland, ME 04103 (MLS# 1646290) is a Commercial property. 1435 Forest Avenue is currently listed for $505,000 and was received on July 14, 2026. Want to learn more about 1435 Forest Avenue? Do you have questions about finding other Commercial real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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