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    Scarborough Multifamily Investment Opportunity
    Updated: Apr 28
    Scarborough Multifamily Investment Opportunity

    90 Broadturn Road, Scarborough, ME 04074

    $2,999,999
    11,478 sqft 9.00 AC lot
    16‑unit multifamily with four buildings, each containing four units (total of 16 apartments).
    Unit mix: fifteen 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit.
    All units are currently occupied, providing in‑place rental income.
    Recent renovations include new heat pumps installed in all units.
    Additional income from on‑site coin‑operated laundry.
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    This listing looks promising.

    Here's a quick look at some key insights for

    90 Broadturn Road, Scarborough, ME 04074

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $189K
      Annual

    • Mortgage

      $1.6M
      Mar 2022

    • Last Sold

      Mar 2022
      $2M
    View Property Analytics
    Scarborough Multifamily Investment Opportunity
    Updated: Apr 28
    Scarborough Multifamily Investment Opportunity

    90 Broadturn Road, Scarborough, ME 04074

    $2,999,999
    11,478 sqft 9.00 AC lot
    16‑unit multifamily in 4 buildings (4 units each), with 15 two‑bedroom units and 1 one‑bedroom unit
    All 16 units are currently occupied, providing immediate rental income
    Substantial renovations in recent years with updated major systems and modernized interiors
    New heat pumps installed in all units; heating sources include heat pump, oil, hot water, and electric
    On‑site coin‑operated laundry plus each unit has 2 dedicated parking spaces and overflow parking for guests
    View details
    Scarborough Multifamily Investment Opportunity
    Scarborough Multifamily Investment Opportunity

    90 Broadturn Rd, Scarborough, ME 04074

    $2,999,999
    11,478 sqft

    16-unit multifamily property in desirable Scarborough location.

    View details
    Multifamily Apartment Building
    Multifamily Apartment Building

    90 Broadturn Road, Unit 1, Scarborough, ME 04074

    $2,999,999
    11,478 sqft

    Residential income property offered for sale in Scarborough, with a stated building size of 11,478.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Scarborough, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Biddeford Multifamily Investment Opportunity
    Biddeford Multifamily Investment Opportunity

    79 W Cutts Street, Biddeford, ME 04005

    $2,750,000
    8,808 sqft 1.10 AC lot

    Ten units with development potential in Biddeford, Maine.

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    Turnkey 10-Unit Multifamily
    Turnkey 10-Unit Multifamily

    7 Huntress Street, Portland, ME 04102

    $2,195,000
    9,980 sqft 0.24 AC lot

    Professionally managed 10-unit building with recent systems and interior updates plus nine parking spaces.

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    10-Unit Apartment Building
    10-Unit Apartment Building

    779 Congress St., Portland, ME 04101

    $10,383,500

    Ten-unit apartment building offered through a scheduled foreclosure auction process with broker participation available.

    View details
    Downtown Multifamily with Expansion Space
    Downtown Multifamily with Expansion Space

    330 Main Street, Biddeford, ME 04005

    $899,900
    5,069 sqft

    Six-unit downtown income property with 7 parking spaces and first-floor expansion space in place for a legal 7-unit setup.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

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    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Scarborough, ME Apartment Buildings Market Trends and Statistics

    Explore 4 apartment buildings for sale in Scarborough, ME, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 45,912 square feet of properties for sale, with an estimated market value of $11,999,996.

    Sale prices for two-family homes in Scarborough, ME start at $2,999,999, averaging $2,999,999, and reaching up to $2,999,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 23K
    Population Growth (5Y) +14.3%
    Median Household Income $125,642
    College Educated 39.7%

    High-Yield Neighborhoods for Investment

    Identify Scarborough submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04074 $3.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.45%
    Property Tax per SF $40.17 per SF
    Tax Rate vs County Average 0.06 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cumberland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Cumberland County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Scarborough fall within the 100,000+ square foot range.

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