Prime Commercial Opportunity with Additional Multifamily Building & Ample Parking! Discover a versatile commercial property offering two buildings, multiple income possibilities, and a huge paved parking lot—all situated on one completely fenced-in lot. The 1999 commercial building features durable metal siding, metal roofing, and block-face construction, along with two separate 1st floor level of storefront/retail space, providing flexibility for a variety of business uses. A one-car attached garage adds valuable storage or workspace, while the expansive paved lot offers plenty of parking for customers, employees, tenants, or multiple businesses. Also included is a detached three-unit building constructed in 1980, featuring vinyl siding, vinyl trim, and gutters. The building consists of a three-bedroom, two-bath main residence, a one-bedroom first-floor apartment, and a two-bedroom second-floor apartment, along with a one-car garage. This additional building offers excellent potential for rental income, owner occupancy, office space, or future redevelopment opportunities. Both buildings are being sold together, as-is, and as one parcel. The three-unit building will require interior work, providing an opportunity for a new owner to renovate and customize the space to meet their needs. The entire property is completely fenced, providing added security and clearly defined boundaries. With substantial paved parking, multiple commercial spaces, an attached garage, a separate multifamily building, and numerous potential uses, this is an opportunity worth exploring. Commercial, investment, owner-user, and redevelopment potential all in one property!
Multi-familyProperty Type
1980Year Built
0.54 acresLot Size
$963Price/Sq.Ft.
1 garage spacesParking
Listed by Renee Roy• Better Homes & Gardens Real Estate/The Masiello Group
Deering Center, located between Back Cove and Riverton, is a residential and civic Portland neighborhood with a collegiate edge and a leafy, park-lined street grid. The neighborhood’s character concentrates around the Stevens Ave–Woodford St corridor, where corner markets, coffee counters, and small professional storefronts set a steady, lived-in rhythm. Brick Colonials, classic Capes, and early-20th-century multifamilies define the blocks, with sidewalks that link daily errands to green space. The University of New England’s Portland Campus adds lecture-hall energy and a polished institutional presence. Longfellow Arboretum and Baxter Woods bring quiet trails and canopy shade into the middle of town. Local pillars such as Pat’s Meat Market, Woodford Food & Beverage, and the Portland Conservatory of Music help anchor the neighborhood’s routines.
Provided by Walk Score and Local Logic
Offer insights
829 Forest Ave · $2,000,000
$2.03M and above
75% chance or better to win
Why $2.03M+ is a strong offer
DAYS ON MARKET
11 days
The average home goes pending in 18 days.
SALE-TO-LIST
99.4%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
First-floor bedroom
Storage
Internet access available
Bedrooms
Three-bedroom unit on the first floor
One-bedroom unit on the first floor
Two-bedroom unit on the second floor
Bathrooms
Four full bathrooms total
First-floor 3-bed unit has two full baths
First-floor 1-bed unit has one full bath
Second-floor 2-bed unit has one full bath
Kitchen
Refrigerators included in each unit
Laundry & utility
Washer hookup available
Flooring
Carpet
Laminate
Ceramic tile
Heating & cooling
Direct vent furnace
Has heating
Circuit breaker electric
Exterior features
Deck
Fenced yard
Shed(s)
Level lot
Sidewalks
Intown location near shopping and railroad
Paved road frontage
Home design
Multi-unit property with 3 total units
Two-story building
Parking
Attached 1-car garage
On-site paved parking with 11–20 spaces
Construction
Built in 1980
Wood frame, metal clad, and vinyl siding exterior
Granite and brick/mortar foundation with slab elements
Pitched metal and shingle roof
Utilities
Public water
Public sewer
Electric water heater (tank)
Utilities are on
HOA & community
No pet restrictions
Other
Zoned B-2B
Electricity and solar
View estimated energy costs and solar savings for this home
To provide appropriate locations for the development and operation of community centers offering a mixture of commercial uses, housing, and services serving the adjoining neighborhoods and the larger community. The variety, sites, and intensity of the permitted commercial uses in the B-2 zone are intended to be greater than those permitted in the B-1/B-1b zones. The zone provides a broad range of goods and services with a mixture of large and small buildings, such as grocery stores, shops and services located in major shopping centers and along arterial streets. Such establishments should be readily accessible by automobile, by pedestrians and by bicycle. Development in the B-2 zone should relate to the surrounding neighborhoods by design, orientation, and circulation patterns. The zone should provide locations for moderate to high-density housing in urban neighborhoods along arterials.
Permitted uses
Include but are not limited to:
Day care facility
General retail
Restaurant
Housing-Multiple units
Housing-Senior
Industrial
Hotel / motel
Mixed use
Office
Public service
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 88° expected this year, 16 days in 30 years
6/10 Wind Factor
58% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Portland, ME • 04103
Average low and high temperatures (°F)
30
16
33
15
44
28
53
37
64
48
76
57
80
64
78
58
72
54
62
43
49
33
35
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
70/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
3.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 829 Forest Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $820,000 and $1,210,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $820K to $1.2M.