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Property Description
High-visibility mixed-use opportunity in Portland's B-2B Mixed Use Zone, prominently positioned on the corner of Forest Ave & Pleasant Ave just north of Woodford's Corner. Offering exceptional exposure with a traffic count of approximately 35,000+ vehicles per day, the property features an 829 SF first-floor commercial corner suite--ideal for retail, office, salon/barber, or other permitted uses (see land use documents). In addition to the commercial space are two fully renovated and occupied residential units with separate entrances, creating immediate income potential. The second floor offers a 2BD/1BA unit (945 SF) currently rented for $2,500/month plus utilities, while the third floor features a spacious 4BD/2BA unit (1,766 SF) rented for $3,400/month plus utilities. Modern updates and strong rental demand make these units well-positioned for long-term performance. Additional highlights include off-street parking for 3 vehicles, abundant street parking, and direct access to public transportation. Conveniently located just minutes from I-295 and downtown Portland, and within a half-mile of Back Cove, the Stevens Ave/Deering neighborhood, and local favorites such as Norimoto Bakery, Rambler Café, Pat's Meat Market, and Woodford Food & Beverage. This property offers a blend of income, flexibility, and unmatched visibility. Also listed as MULTI-FAMILY MLS# 1665886.
Full Property Details
Full Property Details for 736 Forest Ave
General
- Price: $799,000
- Taxes: $9,005 (2026)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1665887
- Updated: 6/6/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Convenience Store, Office Building, Commercial, Resta
Interior
- Interior Features: Storage
- Flooring: Wood, Luxury Vinyl
Parking
- Parking Features: 1 - 4 Spaces, On-Site Parking, Paved
Location
- County: Cumberland
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas Natural, Direct Vent Heater
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Aluminum Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Shingle
- Stories/Levels: 3
- Square Feet: 3,540
- 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) 331-4565
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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 |
Howard C Reiche Community School 166 Brackett Street, Portland, ME 04102 | K-5 | 1.8 mi |
Deering High School 370 Stevens Avenue, Portland, ME 04103 | 9-12 | 0.6 mi |
Casco Bay High School 196 Allen Avenue, Portland, ME 04103 | 9-12 | 1.7 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 736 Forest Ave
Date
Details
Price
Change
Source
6/06/2026
Listed
$799,000
—
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
2025
$9,005
-15%
$751,700
6%
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# 1665887) is a Commercial property. 736 Forest Avenue is currently listed for $799,000 and was received on June 06, 2026. Want to learn more about 736 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.

