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About this home
GROUP SHOWING: Friday, 10/9, 12-1 PM. Agents and buyers are welcome to arrive anytime during this one-hour showing window. No appointment necessary. Located in one of Portland's most convenient and connected neighborhoods, with an exceptional 95 Walk Score, this is a location where a car is optional—although three coveted off-street parking spaces come with the property! Walk to in-town action, nearby Deering Oaks Park, restaurants, shops, trails and the energy surrounding Bayside, one of Portland's most dynamic and evolving neighborhoods. This well-maintained three-family offers flexibility, income and an outstanding owner-occupied opportunity. Two beautifully updated, condo-quality units are vacant and ready for their next chapter. The current owners have utilized the top floor for Airbnb with tremendous success and terrific rental history, while the first floor is occupied by a wonderful long-term tenant who would like to stay and is currently at will. Each unit has separate heat, hot water and electricity. Out back, a private yard creates a surprising urban retreat. Downstairs, the daylight basement offers even more possibilities. While unfinished, it could become a workshop, home office, creative space or the perfect headquarters for all your urban biking adventures. Why settle for a condo when you can own a condo-quality home while building equity and generating income under the same roof? This is a compelling opportunity to live affordably, invest intelligently and enjoy one of Portland's most walkable locations. Priced to sell—don't wait. Schedule your private tour today!
Multi-familyProperty Type
1920Year Built
2,613 sq ftLot Size
$332Price/Sq.Ft.
1 spaceParking
Listed by Thomas {Tom} Landry• Benchmark Real Estate
Parkside, located between Deering Oaks Park and the Arts District, is a residential and artsy Portland neighborhood with a leafy park edge and a grid of classic apartment blocks. The neighborhood’s character concentrates along Congress Street near the Portland Museum of Art, where galleries, coffee counters, and small restaurants set a steady street rhythm. The State Theatre, Portland Museum of Art, and Tandem Coffee + Bakery act as cultural pillars with regular foot traffic. Brick multifamily buildings and restored Victorians line side streets, with pocket gardens and stoops shaping the streetscape. Deering Oaks adds ballfields, paths, and seasonal events that pull daily routines outdoors. A walkable layout links local studios, corner markets, and transit stops without losing a lived-in feel.
Provided by Walk Score and Local Logic
Offer insights
88-90 Forest Ave · $719,000
$728K and above
75% chance or better to win
Why $728K+ is a strong offer
DAYS ON MARKET
2 days
The average home goes pending in 49 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Full, unfinished basement with interior entry
Bathtub and shower
Storage
Unfurnished
Bedrooms
Three units: one with 1 bedroom and two with 2 bedrooms
Bedrooms across the units are on the first, second, and third floors
Bathrooms
Three full bathrooms
Kitchen
Refrigerator in each unit
Laundry & utility
Coin laundry
Washer hookup
Flooring
Tile, vinyl, and wood flooring
Heating & cooling
Direct vent, forced air, and steam heating
Exterior features
Deck
Fenced yard
Level lot with sidewalks
Near golf course, public beach, shopping, public transit, and interstate access
Home design
Three stories
Multi-level
Parking
Paved, off-street parking on site, with 1–4 spaces
Construction
Built in 1920
Wood-frame construction with vinyl siding
Stone and brick-and-mortar foundation
Pitched shingle roof
Utilities
Public water and sewer
Circuit-breaker electrical service
Gas, on-demand tankless water heater
HOA & community
Pet restrictions apply
Financial info
Three-unit property: one 1-bedroom unit and two 2-bedroom units
Gross income: $71,400
Operating expenses: $14,971.17
One unit has an actual rent of $1,200
Electricity and solar
View estimated energy costs and solar savings for this home
Downtown Portland 3-unit with 3 off-street parking spaces. This is a quality building and a workhorse of an investment: separate utilities, straight/good bones, vinyl siding and dry basement. Always full a block and a half from Otto's, Empire and Nosh. Open Showing: Tuesday, November 13th 11:00 to 11:30
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Cumberland County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Nov 13, 2018.
R6
Residential
To set aside areas on the peninsula for housing characterized primarily by multi-family dwellings at a high density providing a wide range of housing for differing types of households; to conserve the existing housing stock and residential character of neighborhoods by controlling the scale and external impacts of professional offices and other nonresidential uses; and to encourage new housing development consistent with the compact lot development pattern typically found on the peninsula.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Bed & breakfast
Lodging & hospitality-Other
Cemetery
Park & open space
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
5/10 Heat Factor
7 days above 87° expected this year, 19 days in 30 years
6/10 Wind Factor
65% 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 • 04101
Average low and high temperatures (°F)
31
18
33
18
44
30
52
39
63
49
74
58
80
64
77
60
71
56
61
46
50
36
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.5 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.
8.5 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 88-90 Forest Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $275,000 and $858,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $275K to $858K.