About this home
Opportunity awaits at this well-located two-unit property in Portland. Each spacious unit offers two bedrooms, one full bath and a comfortable five-room layout, with dedicated electric meters and water heaters. Currently tenant-occupied, generating rental income and offering an appealing option for investors or owner-occupants looking to offset their mortgage with rental revenue. Several major exterior and mechanical improvements have already been completed, including a newer furnace, water heater and roof. A full unfinished basement provides additional storage with laundry, while the attic offers potential to expand the second-floor unit, subject to applicable approvals. The paved driveway provides plenty of off-street parking—a valuable convenience in Portland. Located in a Multi-Use Commercial zone with excellent visibility and convenient access to shopping, local businesses, major roadways and the Maine Turnpike, the property may also offer possibilities for a home-based or small-business use. A versatile Portland property offering rental income, ample parking, recent major improvements and future potential!
Listing last checked: Listing updated:
Listed by Listing Agent · Coastal Pine Real Estate, LLC · MLS #1681452
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Details at a glance
Interior3 property facts
- Heating
- Oil, Baseboard, Forced Air, Hot Water
- Cooling
- None
- Flooring
- Laminate, Vinyl, Wood
Building5 property facts
- Style
- Other
- Year built
- 1930
- Garage
- 0
- Foundation
- Stone, Brick/Mortar
- Roof
- Shingle
Land & utilities4 property facts
- Lot size
- 0.09 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- Multi Use Commercial
Financial2 property facts
- Annual taxes
- $6,608
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $699,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$4,085 / monthAdjust
- Principal & interest
- $3,535
- Property tax
- $551
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $6,608. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 1148-1150 Forest Avenue
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