# 1390 Forest Avenue, Portland, ME 04103

> **TL;DR:** commercial, $9,999,500 ($253/sqft), built 1985, 39,592 sqft. Est. $43,331/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $9,999,500 |
| Price/sqft | $253 |
| Square Feet | 39,592 |
| Year Built | 1985 |
| Lot Size | 165,528 sqft (3.80 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $43,331 |
| **Total** | **$43,331** |

## Property Highlights

- Built in 1985
- 3.80 acre lot

## Description

### Agent Description
''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.

## Location

- **Address:** 1390 Forest Avenue, Portland, ME 04103
- **County:** Cumberland

## Listing Agent

- **Name:** Bruce Ludka
- **Brokerage:** Maine Realty 2000
- **Phone:** 2077761007
- **Email:** bludka207@gmail.com

## Primary Photo

![1390 Forest Avenue - Primary Photo](http://lh.rdcpix.com/5ead15a5ff8bee398526f61ffcb4a8d9l-f888494711r.jpg)

*21 total photos available on [listing page](https://www.propertysimple.com/listing/1390-forest-avenue-portland-me-04103-1660908)*

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**MLS#:** 1660908 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1390-forest-avenue-portland-me-04103-1660908)

---

## Structured Data

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  "description": "''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 / sto",
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