1190 Forest Ave, Portland, ME, 04103

$2,895,000

0 Baths
15,126 SqFt
House

Location

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Property Highlights

Home TypeOther
Parking21+ Spaces, Paved, Off Street
Year Built1900
HeatingSpace Heater(s), Heat Pump, Forced Air, Ductless
CoolingHeat Pump
BasementYes
MLS #1611104
Lot Size0.47 Acres
StatusAccepting Backup Offers

About 1190 Forest Ave

100% occupied brick 15,126 square foot mixed-use property. This historic building has 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 25 rooming units and common areas. 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 #1611107

Property Details

Property Features

Property Information:

  • Architectural Style: Multi-Level, Rooming House, Victorian
  • Year Built: 1900
  • Living Area: 15,126 SqFt

Listing Office:

  • Office Name: Town & Shore Real Estate
  • Office Phone: (207) 773-0262

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wood, Tile, Laminate, Carpet

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: 21+ Spaces, Paved, Off Street

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  • Virtual Tour: 1190 Forest Ave
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Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.47 Acres

Utilities

Utilities Information:

  • Heating: Space Heater(s), Heat Pump, Forced Air, Ductless
  • Cooling: Heat Pump

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,895,000

Tax Information:

  • Annual Amount: $22,324
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Name: Maine Listings
  • MLS Number: #1611104

Listing Office:

  • Office Name: Town & Shore Real Estate
  • Office Phone: (207) 773-0262

IDXDisclaimer: Based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings. Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 12:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$22,324$957,700
2019$20,306$871,140
2018$19,583$871,140
2017$18,860$871,140

History based on county public records data.

Payment Calculator

$14.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,746

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-707152
4
/10

  • Ocean Avenue

  • 150 Ocean Ave

  • 0.88 miles

  • Public District Grades KG-5

school-card-donut-707153
1
/10

  • Gerald E Talbot Community School

  • 1600 Forest Ave

  • 0.98 miles

  • Public District Grades PK-5

school-card-donut-707154
6
/10

  • Longfellow School-Portland

  • 432 Stevens Ave

  • 1.03 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1190 Forest Ave

What is the listing price of this property?

The listing price of 1190 Forest Ave property is $2,895,000.

What type of property is this?

The property 1190 Forest Ave is a house located in Portland, Maine, 04103.

Is this property for sale now?

Accepting Backup Offers: 1190 Forest Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $22,324 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 1190 Forest Ave is 15,126 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1190 Forest Ave is 1900.
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Rocket Homes›Maine›Cumberland County›Portland›04103›1190 Forest Ave

This home is located at 1190 Forest Ave in Portland, ME and zip code 04103 in the Riverton neighborhood. This 15,126 square foot home, which was built in 1900, sits on a 0.47 acre lot. It has been listed on Rocket Homes since January 01, 1970 and is currently priced at $2,895,000.

From Rocket Homes Real Estate and based on county public records data.

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