Price Reduced 6.02%

$1,499,000

Est. Mortgage $0/mo *

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Price History

$1,595,000
2/9/2024

$1,499,000
6/7/2024

671-675 Forest Avenue, Portland, ME, 04103

671-675 Forest Avenue, Portland, ME, 04103
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5 Full baths

1910

Multi-Level

7,446 sqft

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.

Status:

Active

Type:

Multi-family

Units:

5

Zoning:

B2B

Heating:

Hot Water, Baseboard

Cooling:

None

Basement:

Full, Interior Entry, Walk-Out Access, Unfinished

Parking:

1 - 4 Spaces, Paved, Common, Off Street

Acreage:

0.12

Est. Taxes:

$16,448

Construction

Brick Veneer, Brick, Masonry

Utilities

Utilities On

Lot Description:

Level, Open Lot, Sidewalks, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Public Transit

MLS #:

1581920

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Maine Real Estate Co