44-Unit Apartment Complex with Multiple
1390 Forest Avenue Portland, ME 04103
1390 Forest Avenue, Portland, ME, 04103
$9,999,500
For Sale
$9,999,500
Forty-four two-bedroom apartments across five buildings, with heat and hot water included and on-site storage and parking.
Lot Size3.80 Acres
Days on Market17
Property Features for 1390 Forest Avenue
General Information
- Standard status
- Active
- Lot size
- 3.80 Acres
Building Details
- Year Built
- 1985
Listing Agency
(207) 712-5942
Listed by
Karen Tufts
(207) 712-5942
Source
Cbtre.idxbroker
Added: Jul 1 Checked: Jul 16 at 2:09 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Karen Tufts
Investment Insights
Based on property information with market context.
This well-maintained apartment complex includes 44 units in five separate buildings on a 3.8-acre lot. The configuration is comprised of three three-story buildings with 12 units each and two two-story buildings with four units each. All units are two-bedroom. Building features include natural gas heat and hot water, and some units include a laundry component. In addition to the residential buildings, the property offers an extensive shop area/storage/office spaces with a half bath below unit #5, along with a large shed. The grounds include a nice lawn area and ample parking with guest spaces. Updates mentioned include new windows.
The property is located at 1390 Forest Avenue in Portland, ME, and is described as convenient to public transportation.
For tenants and operators seeking a sizable multi-building rental property, the mix of three-story and two-story structures provides flexibility in how units are managed and serviced. The complex is currently fully occupied, with mostly long-term tenants, and the remarks note low turnover and rare vacancies. The property is also described as having an affordable housing use with a 100% property tax exemption that may be discontinued, which could affect future operating cost planning. For more details on the current tenancy and property components, contact the listing broker.
The property is located at 1390 Forest Avenue in Portland, ME, and is described as convenient to public transportation.
For tenants and operators seeking a sizable multi-building rental property, the mix of three-story and two-story structures provides flexibility in how units are managed and serviced. The complex is currently fully occupied, with mostly long-term tenants, and the remarks note low turnover and rare vacancies. The property is also described as having an affordable housing use with a 100% property tax exemption that may be discontinued, which could affect future operating cost planning. For more details on the current tenancy and property components, contact the listing broker.
Key Highlights
- 44‑unit apartment complex on 3.8‑acre lot with 5 buildings
- Unit mix: 3 three‑story 12‑unit buildings and 2 two‑story 4‑unit buildings
- All units are 2‑bedroom with gas natural heat plus hot water
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Meadowbrook Apartments
Apartment Building
Excel Cleaning
Hardware & Home Improvement
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FAQs
What type of property is this?
Apartment building - Forty-four two-bedroom apartments across five buildings, with heat and hot water included and on-site storage and parking.
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 on 3.8‑acre lot with 5 buildings; Unit mix: 3 three‑story 12‑unit buildings and 2 two‑story 4‑unit buildings; All units are 2‑bedroom with gas natural heat plus hot water
