1435 Forest Avenue, Portland, ME, 04103
About This Home
Excellent opportunity to own a mixed used building with high visibility in downtown Portland! Whether you're an owner-user ready to launch your business, or an investor seeking turnkey cash flow with upside this property checks every box! Ground floor store front, with 3 bed apartment above. Includes an additional finished space for storage or break room.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1923
Materials
- Roof: Shingle
- Construction materials: Wood Frame,Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: New Englander,Other
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Interior Entry,Brick/Mortar
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- 1/2 bathrooms: 1
Features
- Flooring: Carpet,Laminate,Tile,Vinyl
- Finished area below ground: 0
- Finished area above ground: 2,910
Heating & Cooling
- Heating features: Direct Vent Furnace,Forced Air,Heat Pump
- Cooling features: None
Interior Area
- Total structure area: 2,910
- Total interior livable area: 2,910 sqft
Property
Details
- Zoning: D3
Lot
- Lot size: 7,405 sqft
- Features: City Lot,Near Turnpike/Interstate,Near Town,Neighborhood,Level,Sidewalks
Parking
- Parking features: Paved,1 - 4 Spaces
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Winter Weather
- Ice Storm
- Hurricane
- Lightning
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,553 | $30,636 |
| Home Insurance | $116 | $1,392 |
| Property Taxes | $425 | $5,100 |
| Electricity | $422 | $5,075 |
| Total | $3,516 | $42,192 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-11 | Price change | $575,000 |
| 2026-04-03 | Price change | $599,000 |
| 2025-12-10 | Listed for sale | $625,000 |
| 2025-07-01 | Sold | $595,000 |
| 2025-06-11 | Pending sale | $599,900 |
| 2025-05-08 | Listed for sale | $599,900 |
| 2024-06-07 | Sold | $625,000 |
| 2024-03-22 | Pending sale | $649,900 |
| 2024-01-16 | Price change | $649,900 |
| 2023-11-09 | Listed for sale | $699,900 |
| 2018-04-05 | Listing removed | $427,900 |
| 2017-10-05 | Listed for sale | $427,900 |
For Sale by Agent
View on Zillow