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John Fennessey
REALTOR®
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1148-1150 Forest Avenue , Portland, ME 04103

$699,000
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New to the Market Active
BATHS2 full SQUARE FEET2,136 MLS#1681452
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

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!

1148-1150 Forest Avenue | MLS# 1681452

This multi-family property located at 1148-1150 Forest Avenue , Portland, ME 04103 is currently listed for sale with an asking price of $699,000. Search Portland real estate on johnfennessey.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Interior Entry, Full, Unfinished
Heating: Oil, Baseboard, Forced Air, Hot Water
Home Style: Other
Lot Size: 0.09 Acres
Roof Type: Shingle
Taxes: $6,608
Year Built: 1930

Feature Descriptions

Amenities: 1st Floor Bedroom, Washer Hookup, Pantry
Electric: Circuit Breakers
Equipment: Cable, Internet Access Available
Exterior: Wood Frame, Vinyl Siding
Flooring: Laminate, Vinyl, Wood
Foundation: Stone, Poured Concrete, Brick/Mortar
Lot: Business District, Intown, Near Shopping, Near Turnpike/Interstate, Sidewalks
Parking: Paved,5 - 10 Spaces, Off Street
Road Surface: Paved
Sewer: Public Sewer
SQ FT Above Grade: 2136
SQ FT Below Grade: 0
Water: Public

Listed By / Shown By

Listed By

Agency Name: Coastal Pine Real Estate, LLC
Agent Name: Kathryn Treem
Agency Phone: 207-776-8675

Shown By

Agent Name: John Fennessey
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group

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Estimated Payment

$ 2,310.21 per month $1,555.67 Principal & Interest $550.67 Property Tax $203.88 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/21/2026. The listing information on this page last changed on 09/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 09/21/2026 12:00:23 AM EST) or MLSPIN MLS (last updated Sun 09/20/2026 11:38:24 PM EST) or Prime MLS (last updated Sun 09/20/2026 11:33:40 PM EST) or MREIS (last updated Sun 09/20/2026 11:55:14 PM EST). Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate The Masiello Group may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.



Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

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