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$899,000
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Property Description
High-visibility property in the Mixed Use Zone B-2B, located on the corner of Forest Ave & Pleasant Ave, just north of Woodford's Corner. The property offers a first-floor 829 SF commercial corner suite with approx 35,000+ cars/day traffic count - ideal for retail, office, salon/barber, and other permitted uses (see land use docs). The upper levels contain two vacant, fully renovated residential units with separate entrances: a 2BD/1BA (945 SF, projected rent $2,750/month) and a 4BD/2BA (1,766 SF, projected rent $3,900/month). Strong rental demand and modern finishes position these units for immediate occupancy. Additional features include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation. Strategic location minutes from I-295 and downtown Portland, and within half a mile of Back Cove, Stevens Ave Deering neighborhood (Norimoto Bakery, Rambler Café, Pat's Meat Market), and Woodfords Corner amenities. A flexible investment opportunity suitable for owner-occupiers or investors seeking a mixed-use property with strong signage visibility and cash flow potential. Also listed as MULTI-FAMILY MLS#: 1638196
Full Property Details
Full Property Details for 736 Forest Ave
General
- Price: $899,000
- Taxes: $9,005 (2026)
- Status: Active
- Type: Commercial Multi-Family
- Source: MREIS
- MLS ID: 1638190
- Updated: 10/31/2025
- Added to Site: 122 day(s) ago
Business
- Business Type: Commercial, Executive Suites, Medical, Office Buildin
Interior
- Flooring: Wood
Parking
- Parking Features: 1 - 4 Spaces, On-Site Parking, Paved
Location
- County: Cumberland
Heating & Cooling
- Cooling Type: None
- Heating Type: Direct Vent Heater
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Aluminum Siding
- Roof: Shingle
- Stories/Levels: 3
- Building Size: 3540
- Square Feet: 3,540
- Living Area: 3,540 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,920.4
- Zoning: B2b
- Lot Description: Business District, Near Shopping
Financial Considerations
- Tax Amount: $9,005.37
- Tax Year: 2026
Disclosures and Reports
- Lot Number: 18
Listed by Elevate Maine Realty (207) 203-9022
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Schools
Schools serving 736 Forest Ave
School District:Portland
| Name | Grades | Distance |
|---|---|---|
Longfellow School-Portland 432 Stevens Avenue, Portland, ME 04103 | PK-5 | 0.5 mi |
Lincoln Middle School, Portland, ME 522 Stevens Avenue, Portland, ME 04103 | 6-8 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 736 Forest Ave
Date
Details
Price
Change
Source
9/18/2025
Listed
$899,000
—
MLS
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
Tax History for 736 Forest Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,617
4%
$707,300
—
2023
$10,192
6%
$707,300
—
2022
$9,626
5%
$707,300
—
2021
$9,188
25%
$707,300
125%
2020
$7,324
—
$314,200
—
2019
$7,324
3%
$314,200
—
2018
$7,088
4%
$315,300
—
2017
$6,826
3%
$315,300
—
2016
$6,656
2%
$315,300
—
2015
$6,505
3%
$315,300
—
2014
$6,306
3%
$315,300
—
2013
$6,120
—
$315,300
—
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
Estimate the Cost for 736 Forest Ave
736 Forest Avenue, Portland, ME 04103 (MLS# 1638190) is a Commercial Multi-Family property. 736 Forest Avenue is currently listed for $899,000 and was received on September 19, 2025. Want to learn more about 736 Forest Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

