1390 Forest Avenue Portland, ME 04103
New
MULTI_FAMILY - Colonial - Portland, ME
Property size:
38,592 SFLot size:
3.80 AcresPrice / SF:
$259/SF- Added:
- May 7, 2026
- Days on Market:
- 2
- Last Refresh:
- May 8 at 1:06 am
Property Features for 1390 Forest Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 54
- Bathrooms
- 30
- Rooms
- Bathroom 15, Bathroom 22, Bathroom 24, Bathroom 27, Bathroom 13, Bathroom 4, Bathroom 25, Bathroom 14, Bathroom 18, Bathroom 17, Bathroom 7, Bathroom 30, Bathroom 5, Bathroom 26, Bathroom 10, Bathroom 20, Bathroom 19, Bathroom 12, Bathroom 9, Bathroom 8, Bathroom 2, Basement, Bathroom 23, Bathroom 28, Bathroom 6, Bathroom 1, Bathroom 29, Bathroom 21, Bathroom 3, Bathroom 16, Bathroom 11
- Standard status
- Active
- Size
- 38,592 SF
- Lot size
- 3.80 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1985
- Number of units
- 44
- Flooring type
- Carpet, Laminate, Vinyl
- Building materials
- Wood Frame, Vinyl Siding
- Architectural style
- Colonial
Listing agent Bruce Ludka (207) 776-1007
Listing office Maine Realty 2000 472 Roosevelt Trail, Windham, ME (207) 893-2000
Listing date May 7, 2026
MLS# 1660904
Listing URL
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 44‑unit apartment complex with a history of full occupancy and long‑term tenants.
- Potential for increased rents and higher financial yields.
- Located on a 3.8‑acre lot convenient to public transportation.
- Five separate buildings, all with 2‑bedroom units.
- Recent updates and improvements, including windows.
- Includes a shop area/storage/office space, a large shed, and ample parking with guest spaces.
Overview
Well-Maintained 44-Unit Apartment Complex
This well-maintained 44-unit apartment complex presents a significant investment opportunity. Situated on a 3.8-acre lot, the property comprises five buildings: three three-story buildings with 12 units each, and two two-story buildings with four units each. All units feature two-bedroom layouts in three different styles, with some including laundry facilities. Heat and hot water are included and supplied by natural gas. An extensive shop area, storage space, and office space with a half bath are located below unit #5. Additional features include a large shed, ample parking with guest spaces, and a lawn area. The property has undergone numerous updates and improvements, including windows. With an excellent rental history, the complex is currently fully occupied, primarily by long-term tenants with a strong payment record. The property offers potential for increased rents and higher financial yields in the future when the current affordable housing use, with 100% property tax exemption, may be discontinued, allowing for multiple other options. The property is conveniently located with access to public transportation.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Meadowbrook Apartments
Apartment Building
Excel Cleaning
Hardware & Home Improvement
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.301048
- Latitude
- 43.691845
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 44-unit apartment complex on 3.8 acres in Portland, Maine.
Where is this apartment building located?
The property is located at 1390 Forest Avenue Portland, ME.
What is the asking price?
The asking price for this property is $9,999,500.
What are key features of this property?
This property features: 44‑unit apartment complex with a history of full occupancy and long‑term tenants.; Potential for increased rents and higher financial yields.; Located on a 3.8‑acre lot convenient to public transportation.
