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671-675 Forest Avenue, Portland, ME, 04103

15beds
9baths
7,446sqft
$1,499,000
$201price/sqft
$10,268/moest. monthly cost
$410,720/yrincome needed

About This Home

INVESTORS TAKE NOTICE: 1 retail and 8 residential units (9 units total) in a prime Portland 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 one street-level retail unit, perfect for businesses seeking prime visibility, and eight residential units on the second floor, providing modern living spaces with 1 to 3 bedrooms.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. The full finished basement, equipped with a loading dock, adds versatility for potential expansion, storage, or logistical convenience for the retail unit.

Getting Around

87
WalkingVery Walkable
38
TransitSome Transit
89
BikeVery Bikeable

Schools

7/10
Ocean AvenueGrades K-50.4 mi
4/10
2/10
Deering High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Flat,Other
  • Construction materials: Masonry,Brick,Brick Veneer

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Interior Entry,Walk-Out Access,Finished,Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 15
  • Bathrooms: 9
  • Full bathrooms: 8
  • 1/2 bathrooms: 1

Features

  • Flooring: Carpet,Tile,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 7,446

Heating & Cooling

  • Heating features: Baseboard,Hot Water
  • Cooling features: None

Interior Area

  • Total structure area: 7,446
  • Total interior livable area: 7,446 sqft

Property

Details

  • Zoning: B2B

Features

  • Stories: 2

Lot

  • Lot size: 5,227 sqft
  • Features: Business District,City Lot,Near Country Club,Near Golf Course,Near Turnpike/Interstate,Level,Open Lot,Sidewalks

Parking

  • Parking features: Common,Paved,1 - 4 Spaces,On Site,Off Street,On Street
  • Has uncovered spaces: Yes