Welcome to this fantastic opportunity to own a corner lot duplex in Portland, Maine. This well-maintained property offers an excellent opportunity to owner occupy the building and receive extra rental income. Two spacious 2-bedroom, 1 bathroom apartments with ample living space. The second floor apartment has been renovated. Huge lot with lots of outdoor space and off street parking. The building also has a bonus space on the third floor that can be used with second floor apartment or converted to a 3rd unit (check with city to confirm process and requirements). Whether you're looking for an investment property or a place to call home while generating rental income, 1747 Forest Avenue is a must-see!
Closed
$590,000
1747 Forest Avenue Avenue, Portland, ME 04103
4beds
1,840sqft
Multi Family
Built in 1920
-- sqft lot
$626,100 Zestimate®
$321/sqft
$3,201 Estimated rent
Home value
$626,100
$563,000 - $689,000
$3,201/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 14, 2025 at 07:07pm
Listed by:
Porta & Company
Bought with:
Better Homes & Gardens Real Estate/The Masiello Group
Source: Maine Listings,MLS#: 1566505
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Hot Water, Other
Cooling
- None
Features
- Bathtub, Storage
- Flooring: Laminate, Vinyl, Wood
- Basement: Interior Entry,Bulkhead,Walk-Out Access
Interior area
- Total structure area: 1,840
- Total interior livable area: 1,840 sqft
- Finished area above ground: 1,840
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, 1 - 4 Spaces, Off Street
Lot
- Size: 10,454 sqft
- Features: Near Shopping, Near Town, Neighborhood, Corner Lot, Level
Details
- Parcel number: PTLDM309BA010001
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Roof: Pitched,Shingle
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On, Pole
Community & neighborhood
Location
- Region: Portland
Price history
| Date | Event | Price |
|---|---|---|
| 1/12/2024 | Sold | $590,000-5.6%$321/sqft |
Source:  Maine Listings #1566505 | ||
| 12/11/2023 | Pending sale | $625,000$340/sqft |
Source: Maine Listings #1566505 | ||
| 11/8/2023 | Price change | $625,000-3.8%$340/sqft |
Source: Maine Listings #1566505 | ||
| 8/21/2023 | Listed for sale | $650,000$353/sqft |
Source: Maine Listings #1566505 | ||
| 8/14/2023 | Pending sale | $650,000$353/sqft |
Source: Maine Listings #1566505 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,907 | $409,900 |
| 2023 | $5,907 +15.8% | $409,900 +9.3% |
| 2022 | $5,102 +11.8% | $374,900 +91.6% |
Find assessor info on the county website
Neighborhood: Riverton
Nearby schools
GreatSchools rating
- 3/10Gerald E Talbot Community SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Lincoln Middle SchoolGrades: 6-8Distance: 1.9 mi
- 5/10Casco Bay High SchoolGrades: 9-12Distance: 1 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$626,100
2% more+ $12,522
With Zillow Showcase(estimated)
$638,622