Multi-Family for Sale: 671-675 Forest Avenue, Portland, ME 04103

5 full baths
$1,499,000
$1,499,000
671-675 Forest Avenue, Portland, ME 04103
5 full baths
$1,499,000
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Price:
$1,499,000
$96,000 - 06/07/2024
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style Multi-Level
Total Baths 5 full baths
Square Feet 7,446 sqft
Lot Size 0.12 acres
Year Built 1910
Taxes Paid $18,139
City Portland
County Cumberland
MLS 1581920
Status Active
DOM 318 days
2 retail & 5 residential units in a prime location! Discover a unique investment opportunity at the vibrant intersection of Forest Ave, Woodford St, and Ocean Ave. This property features a strategic location with two street-level retail units, perfect for businesses seeking prime visibility, and five residential units on the second floor, providing modern living spaces with 1 to 3 bedrooms. The full unfinished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical convenience. Positioned at a bustling intersection, the property promises high traffic and accessibility via major thoroughfares and public transportation. Investors can capitalize on a steady rental income stream from the mix of residential and commercial spaces, while the prime location ensures long-term appreciation and demand. Explore the potential of this mixed-use gem, combining convenience, versatility, and income prospects. Schedule your private viewing and seize the opportunity to invest in this dynamic property.

Room Features

Basement Description Full, Walk-Out Access, Unfinished, Interior Entry

Lot & Building Features

Cooling None
Tax Year 2024
Taxes Paid $18,139

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 3
Unit 2 Full Baths 1
Unit 2 of Bedrooms 3
Unit 3 Full Baths 1
Unit 3 of Bedrooms 2
Unit 4 Full Baths 1
Unit 4 of Bedrooms 1
Unit 5 Full Baths 1
Unit 5 of Bedrooms 1

Price History of 671-675 Forest Avenue

Date Name Price Difference
06/07/2024 Price Adjustment $1,499,000 6.02%
02/09/2024 Listing Price $1,595,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Robin Bettencourt
Direct: 603-988-6264
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Maine Real Estate Co, Sarem Al-Shawk & Bailey Pate 800-971-8860
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6.75%
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671-675 Forest Avenue (MLS #1581920) is a multi-level multi-family listing located in Portland, ME. This multi-family listing is 7,446 sqft and on a lot of 5,227 sqft (or 0.12 acres) and is 114 years old. This property was listed on 02/09/2024 and has been priced for sale at $1,499,000.

Nearby zip codes are 04092, 04101, 04102, 04105 and 04106. This property neighbors other cities such as Cape Elizabeth, Falmouth, Scarborough, South Portland and Westbrook.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: Maine Real Estate Co

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.