Portland
$699,000
1148-1150 Forest Avenue
mls: 1681452
Bathrooms: 2
Year Built: 1930
Sq Footage: 2,136
Lot Size: 0.09
Taxes: $6,608
Status: Active

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.

Listed by: Coastal Pine Real Estate, LLC

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!

Listed by: Coastal Pine Real Estate, LLC

Above Grade Finished Area
2136.00
Accessibility Features
Appliances
Architectural Style
Other
Basement
Interior Entry, Full, Unfinished
Bathrooms Full
2
Bathrooms Total Integer
2
Below Grade Finished Area
0.00
Body Type
Building Area Total
2136.00
Construction Materials
Wood Frame, Vinyl Siding
Cooling
None
Electric
Circuit Breakers
Exterior Features
Flooring
Laminate, Vinyl, Wood
Foundation Details
Stone, Poured Concrete, Brick/Mortar
Garage Spaces
0.00
Green Energy Efficient
Heating
Oil, Baseboard, Forced Air, Hot Water
Heating Yes/No
1
Interior Features
1st Floor Bedroom, Pantry
Laundry Features
Washer Hookup
Lot Features
Business District, Intown, Near Shopping, Near Turnpike/Interstate, Sidewalks
Lot Size Acres
0.0900
Other Equipment
Cable, Internet Access Available
Other Structures
Parking Features
Paved, 5 - 10 Spaces, Off Street
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Shingle
Sewer
Public Sewer
Tax Annual Amount
6608.00
Utilities
Water Source
Public
Waterfront Features
Year Built
1930
Zoning
Multi Use Commercial