671-675 Forest Avenue
Portland, ME 04103
$1,499,000
Price
10
Beds
5
Baths
7,446 Sq. Ft.
$201 / Sq. Ft.
7,446
Sq. Ft.
$201
per Sq. Ft.
Description
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,...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.
- Listed by Sarem Al-Shawk • Maine Real Estate Co
- Listed by Bailey Pate • Maine Real Estate Co
Property Details for 671-675 Forest Avenue
Waterfront
No
ArchitecturalStyleMulti-Level
Garage Spaces.00
GarageNo
ZoningB2B
LISTING UPDATED: 12/19/2024 02:40 PM
Property Details for 671-675 Forest Avenue
| Status | Active |
|---|---|
| MLS # | 1581920 |
| Days on Market | 316 |
| Taxes | $18,140 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1910 |
| Lot Size | 0.12 AC / 5,227 SF |
| County | Cumberland County |
Building Information for 671-675 Forest Avenue
Stories-Residences5Year Built1910Building Size-Lot Size0.12 AC / 5,227 SF
Property Information for 671-675 Forest Avenue
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 4101
- Directions: Enter 671 Forest Avenue Portland ME in your GPS
- Town: Portland
- State/Province: ME
- Zip Code: 04103
- County: Cumberland
- Geo Latitude: 43.671155
- Geo Longitude: -70.284152
- Tax Lot: L002
- Site:Level: Yes
- Site:Open: Yes
- Site:Sidewalks: Yes
- Location:Business District: Yes
- Location:Intown: Yes
- Location:Near Country Club: Yes
- Location:Near Golf Course: Yes
- Location:Near Shopping: Yes
- Location:Near Turnpike/Interstate: Yes
- Transportation:Near Airport: Yes
- Transportation:Public Transport Access: Yes
Parking
- Parking Features: 1 - 4 Spaces, Paved, Common, Off Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 31169
- Tax Map Number: 129
- Tax Year: 2024
- Parcel Number: PTLD-000129-L000002-000001
- Location Information:Association Y/N: No
- Tax Annual Amount: $18,139.59
Property
Heating and Cooling
- Water Heater:Electric: Yes
- Water Heater:Off Heating System: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 7446.0
- Lot Size Acres: 0.12
- Source of Acreage: Public Records
- Building Area Total: 7446.0
- Lot Size Area: 0.12
- Lot Size Units: Acres
- Lot Size Square Feet: 5227.2
- Bathrooms Full: 5
- Bathrooms Half: 0
- Street Number: 671675
- Property Information:Surveyed: No
- Property Information:Seasonal: No
- Property Information:Total Half Baths: .00
- Property Information:Color: Brick
Parking
- Driveway:Common: Yes
- Driveway:Paved: Yes
Property and Assessments
- Sign on Property: Yes
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1910
Utilities
- Electric: Circuit Breakers
- Sewer: Yes
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:Natural - On Site: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Brick Veneer, Brick, Masonry
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Flat, Other
Interior Features
- Basement: Full, Interior Entry, Walk-Out Access, Unfinished
- Flooring: Vinyl, Tile, Carpet
- Cooling: None
- Heating: Hot Water, Baseboard
- Foundation Details: Block, Concrete Perimeter
- Bathrooms Total (Integer): 5
- Bathrooms Total (Decimal): 5.00
- Bathrooms Total (Notational): 5.00
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $172,632.00
- Operating Expenses: $35,144.52
Multi-Family Information
- Number of Units: 5
Unit 1
- Unit 1:Lease: Yes
- Unit 1:Level: Second
- Unit 1:Security Deposit: Yes
- Unit 1:Monthly Rent: $2,586.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: .00
- Unit 1:# of Bedrooms: 3.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: No
- Unit 1:Electric: No
- Unit 1:Heat: Yes
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: Second
- Unit 2:Security Deposit: Yes
- Unit 2:Monthly Rent: $2,400.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: .00
- Unit 2:# of Bedrooms: 3.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: No
- Unit 2:Electric: No
- Unit 2:Heat: Yes
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: No
- Unit 2:Water: No
Unit 3
- Unit 3:Lease: No
- Unit 3:Level: Second
- Unit 3:Security Deposit: Yes
- Unit 3:Monthly Rent: $2,000.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: .00
- Unit 3:# of Bedrooms: 2.00
- Unit 3:Dedicated Electric Meter: Yes
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: No
- Unit 3:Electric: No
- Unit 3:Heat: Yes
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit 4
- Unit 4:Lease: No
- Unit 4:Level: Second
- Unit 4:Security Deposit: Yes
- Unit 4:Monthly Rent: $1,500.00
- Unit 4:# Full Baths: 1.00
- Unit 4:# Half Baths: .00
- Unit 4:# of Rooms: .00
- Unit 4:# of Bedrooms: 1.00
- Unit 4:Dedicated Electric Meter: Yes
- Unit 4:Dedicated Gas Meter: No
- Unit 4:Dedicated Water Heater: No
- Unit 4:Electric: No
- Unit 4:Heat: Yes
- Unit 4:Range: Yes
- Unit 4:Refrigerator: Yes
- Unit 4:Water: Yes
Unit 5
- Unit 5:Lease: Yes
- Unit 5:Level: Second
- Unit 5:Security Deposit: Yes
- Unit 5:Monthly Rent: $1,400.00
- Unit 5:# Full Baths: 1.00
- Unit 5:# Half Baths: .00
- Unit 5:# of Rooms: .00
- Unit 5:# of Bedrooms: 1.00
- Unit 5:Dedicated Electric Meter: Yes
- Unit 5:Dedicated Gas Meter: No
- Unit 5:Dedicated Water Heater: No
- Unit 5:Electric: No
- Unit 5:Heat: Yes
- Unit 5:Range: Yes
- Unit 5:Refrigerator: Yes
- Unit 5:Sewer: Yes
- Unit 5:Water: Yes
Unit Information
- Units:# of 1 BD Units: 2
- Units:# of 2 BD Units: 1
- Units:# of 3 BD Units: 2
- Units:# of 4+ BD Units: 0
Property History for 671-675 Forest Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 671-675 Forest Avenue
This home is within Portland Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Ocean Avenue PublicK to 5 | ||
Lyman Moore Middle School Public6 to 8 | ||
Deering High School Public9 to 12 | ||
Portland High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Maine Real Estate Co
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
