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$895,000 Just Listed
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Property Description
Mixed-use property located along the high-visibility Forest Ave corridor. This well-maintained building features a ground-level retail space with an established tenant and a spacious, renovated two-level 5-bedroom residential unit. The property offers strong income potential with both commercial and residential components, along with off-street parking for added convenience. The building is equipped with natural gas heating, updated hot water heater, and a commercial-grade fire alarm and sprinkler system, supporting both safety and functionality. Ideal for investors or owner-occupants seeking a live/work opportunity in a prime Portland location. Opportunity to increase income through full apartment rental and optimized use.
Full Property Details
Full Property Details for 777 Forest Ave
General
- Price: $895,000
- Taxes: $7,910 (2026)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1655962
- Updated: Today (3/31/2026)
- Added to Site: Today
Business
- Business Type: Commercial, Freestanding Building, Retail
Parking
- Parking Features: 5 - 10 Spaces, Paved
Location
- County: Cumberland
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Roof: Shingle
- Stories/Levels: 2
- Building Size: 3948
- Square Feet: 3,948
- Living Area: 3,948 Sq. Ft.
- Year Built: 1930
- Other Struct. Feat.: Sprinkler - Wet
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098.4
- Zoning: B2
- Lot Description: Public Transport Access, Near Turnpike/Interstate, Business District
Financial Considerations
- Tax Amount: $7,910.39
- Tax Year: 2026
Disclosures and Reports
- Block: C
- Lot Number: 17
Listed by F.O. Bailey Real Estate (207) 781-1111
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Schools
Schools serving 777 Forest Ave
School District:Portland
| Name | Grades | Distance |
|---|---|---|
Ocean Avenue 150 Ocean Avenue, Portland, ME 04103 | K-5 | 0.2 mi |
Howard C Reiche Community School 166 Brackett Street, Portland, ME 04102 | K-5 | 1.9 mi |
Lyman Moore Middle School 171 Auburn Street, Portland, ME 04103 | 6-8 | 2.2 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 | 1.6 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 777 Forest Ave
Date
Details
Price
Change
Source
3/31/2026
Listed
$895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 777 Forest Ave
777 Forest Avenue, Portland, ME 04103 (MLS# 1655962) is a Commercial property. 777 Forest Avenue is currently listed for $895,000 and was received on April 01, 2026. Want to learn more about 777 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.

