1638 Forest Avenue

Portland, ME 04103
Baths
3
Square Ft.
2,533
$999,000
A unique opportunity for investors or developers—this property includes a well-maintained two-family home plus an additional lot for a combined total of almost 2.8 acres. The current owner has already been in contact with the city, and there's potential to build multiple new homes (buyers encouraged to perform due diligence). The existing two-unit features classic charm with hardwood floors, high ceilings, original moldings, decks, and porches. Enjoy solid rental income or owner-occupy while exploring future development possibilities. A property with this much space and flexibility doesn't come around often!
Market LogoCourtesy of The Atlantic Real Estate Network 207-878-8800
Listing Snapshot
Days Online
22
Last Updated
Full Baths
3
Square Ft.
2,533
Lot Size
2.79 Acres
Year Built
1920
MLS Number
1641961
Additional Details
Property Access
Road Surface Type: "Paved"
Basement
Basement: "Interior", "Brick/Mortar", "Bulkhead"
Building
Architectural Style: "Victorian", Building Area Total: 2,533, Construction Materials: "Vinyl Siding", "Wood Frame", Number Of Units Total: 2, Year Built: 1920
Cooling
Cooling: "None"
Expenses
Operating Expense: $2,400
Floors
Flooring: "Wood"
Foundation
Foundation Details: "Brick/Mortar"
Heating
Heating: "Baseboard", Heating Included
Income
Gross Income: $11,400
Interior Features
Features: "1st Floor Bedroom", "Bathtub"
Lot
Features: "Open", "Level", "Sidewalks", "Wooded", "Near Golf Course", "Near Turnpike/Interstate", "Near Town", "Near Public Transit", 2.79 acres, Area: 2.79, 121,532 square feet
Parking
Features: "11 - 20 Spaces", "Paved", "Off Street"
Property
Other Structures: "Shed(s)", Parcel Number: PTLD-000299-D000050-000001, View: "Trees/Woods", Zoning: RN-1
Roof
Roof: "Shingle"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $7,491, Tax Lot: 50
Utilities
Electric: "Circuit Breakers", Water Source: "Public"
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30 Days Snapshot Of 04103
$580k
-2%
(avg) sold price
29
+31%
homes sold
19
+46%
(avg) days on market
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Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.