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Multi-Family for Sale: 1190 Forest Avenue, Portland, ME 04103

$3,250,000
$3,250,000
1190 Forest Avenue, Portland, ME 04103
$3,250,000
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Walk Score
71
Price:
$3,250,000

Type: Multi-Family
Style: Multi-Level, Victorian, Rooming House
Square Feet: 15,126 sqft
Lot Size: 0.47 acres
Year Built: 1900
Taxes Paid: $27,801

City: Portland
County: Cumberland

MLS: 1542321
Status: Active
DOM: 28 days
Listed by Town & Shore Real Estate
100% occupied brick 15,126 square foot mixed-use property. This historic building has just undergone major renovation with new storefronts, windows, heating, plumbing, electrical, etc. The first floor is comprised of six retail storefronts currently configured for 5 tenants. Facing busy Forest Avenue and Bishop Street, property offers visibility on one of the busiest intersections in the state of Maine. The second floor is new residential, comprised of 22 rooming units and a 2-bedroom apartment. The rear of the building offers parking and a loading dock. In addition, a separate .1825-acre, 20+ space parking lot is being conveyed with possible development opportunity. Current professional management is also available to the new owner if desired. Excellent financials, ideal for 1031 exchange investment. Close to many area restaurants, stores, businesses, and the University of New England. Also Listed Commercial MLS #1542320

Room Features

Basement Description: Full, Unfinished

Lot & Building Features

Amenities: Fire System, Sprinkler, Laundry - Hookup
Construction: Masonry, Other
Cooling: Heat Pump
Heat Source: Electric, Gas Natural
Heating: Direct Vent Heater, Space Heater, Heat Pump, Forced
Parking Description: 21+ Spaces, Paved, Off Street
Tax Year: 2022
Taxes Paid: $27,801
Water: Public

Price History of 1190 Forest Avenue, Portland, ME

Date Name Price Difference
09/07/2022 Listing Price $3,250,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 1190 Forest Avenue, Portland, ME

Location Map Street View Walk Score Bird's Eye
Photo of Kim Gero
Kim Gero
REALTORĀ®
Direct: 603-452-7268
Office
22 South Main St | PO Box 450
Wolfeboro, NH 03894
603-569-6060
MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Town & Shore Real Estate

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.