Ad #8025952
MLS #1660908
''MAJOR INVESTMENT OPPORTUNITY'' This is a rare opportunity to
1390 Forest Ave, Portland, ME 04103
$9,999,500
--Beds
--Baths
39,592Sqft
3.8Acres
About this property
''MAJOR INVESTMENT OPPORTUNITY'' This is a rare opportunity to own this well maintained 44 unit apartment complex featuring 5 separate buildings on a beautiful 3.8 Acre lot that is extremely convenient to everything including public transportation. The 5 buildings consist of 3 three story 12 unit buildings and 2 two story 4 unit buildings, all units are 2 bedroom, 3 different styles with some including a laundry, heat & hot water included with natural gas, an additional extensive shop area / storage / office spaces with a half bath below unit #5, large shed, ample parking with guest spaces, nice lawn area, lots of updates & improvements including windows, excellent rental history, currently fully occupied with mostly long term tenants & great payment history. THIS IS A VERY SOLID ALL AROUND MULTIUNIT RENTAL PROPERTY WITH GREAT OVERALL NUMBERS, MOSTLY LONG TERM TENANTS, LOW TURNOVER, RARE VACANCIES, THE POTENTIAL FOR INCREASED RENTS, SUBSTANTIALLY MORE VERSATILITY & SIGNIFICANTLY HIGHER FINANCIAL YEILDS IN THE FUTURE WHEN THE CURRENT AFFORDABLE HOUSING USE, WITH 100% PROPERTY TAX EXEMPTION, MAY BE DISCONTINUED AND ALLOW FOR MULTIPLE OTHER OPTIONS....CALL BRUCE LUDKA FOR MORE INFORMATION.
Property Features
0 Beds
0 Baths
39,592 Sqft
Built in 1985
3.8 Acres
Siding: Wood Frame, Vinyl Siding
Shingle Roof
Hot Water(Heating), Baseboard, Natural Gas
Cumberland County
Additional Photos
Contact Information
Bruce Ludka
Maine Realty 2000
207-776-1007
Location
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$9,999,500
--
Beds
--
Baths
39,592
Sqft
1390 Forest Ave, Portland, ME 04103
By contacting this agent you agree to these Terms and Conditions.
MLS# 1660908
''MAJOR INVESTMENT OPPORTUNITY'' This is a rare opportunity to
$9,999,500
1390 Forest Ave, Portland, ME 04103
--
Beds
--
Baths
39,592
Sqft
3.8
Acres
$9,999,500
1390 Forest Ave, Portland, ME 04103
-- Beds
-- Baths
39,592 Sqft
3.8 Acres
''MAJOR INVESTMENT OPPORTUNITY'' This is a rare opportunity to own this well maintained 44 unit apartment complex featuring 5 separate buildings on a beautiful 3.8 Acre lot that is extremely convenient to everything including public transportation. The 5 buildings consist of 3 three story 12 unit buildings and 2 two story 4 unit buildings, all units are 2 bedroom, 3 different styles with some including a laundry, heat & hot water included with natural gas, an additional extensive shop area / storage / office spaces with a half bath below unit #5, large shed, ample parking with guest spaces, nice lawn area, lots of updates & improvements including windows, excellent rental history, currently fully occupied with mostly long term tenants & great payment history. THIS IS A VERY SOLID ALL AROUND MULTIUNIT RENTAL PROPERTY WITH GREAT OVERALL NUMBERS, MOSTLY LONG TERM TENANTS, LOW TURNOVER, RARE VACANCIES, THE POTENTIAL FOR INCREASED RENTS, SUBSTANTIALLY MORE VERSATILITY & SIGNIFICANTLY HIGHER FINANCIAL YEILDS IN THE FUTURE WHEN THE CURRENT AFFORDABLE HOUSING USE, WITH 100% PROPERTY TAX EXEMPTION, MAY BE DISCONTINUED AND ALLOW FOR MULTIPLE OTHER OPTIONS....CALL BRUCE LUDKA FOR MORE INFORMATION.
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Listing Agent
Bruce Ludka
Maine Realty 2000
Listing Agent: Bruce Ludka 207-776-1007. Broker: Maine Realty 2000 207-893-2000 Listing Site. 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.
Property Details
HOME DETAILS
0 Beds
0 Baths
39,592 Sqft
Built in 1985
3.8 Acres
EXTERIOR
Siding: Wood Frame, Vinyl Siding
Shingle Roof
INTERIOR
Hot Water(Heating), Baseboard, Natural Gas
FINANCIAL & COMMUNITY
Cumberland County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
8025952
Viewed
50 times
Listing Status
Active
Added
Jun 11, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Maine Listings
Source Property ID
1660908
All information provided is deemed reliable but is not guaranteed and should be independently verified.
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