Scarborough Multifamily Investment
90 Broadturn Road, Scarborough, ME 04074
MULTI_FAMILY - Cape Cod - Scarborough, ME
Property size:
11,478 SFLot size:
9.00 AcresPrice / SF:
$261/SF- Added:
- Apr 28, 2026
- Days on Market:
- 25
- Last Refresh:
- May 22 at 6:06 pm
Property Features for 90 Broadturn Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RF
- Bathrooms
- 16
- Rooms
- Bathroom 16, Bathroom 3, Bathroom 15, Bathroom 11, Bathroom 4, Bathroom 2, Bathroom 9, Bathroom 13, Bathroom 7, Bathroom 1, Bathroom 8, Bathroom 10, Bathroom 14, Bathroom 12, Bathroom 6, Bathroom 5
- Parking features
- Off Street
- Interior features
- 1st Floor Bedroom, One-Floor Living
- Standard status
- Active
- Size
- 11,478 SF
- Lot size
- 9.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 21543
Utilities
- Sewer type
- Private Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating), Hot Water(Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1945
- Number of units
- 16
- Flooring type
- Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Metal
- Architectural style
- Cape Cod
Listing agent Alexandru Pirleci (207) 239-6606
Listing office Keller Williams Realty 50 Sewall Street, Portland, ME (207) 879-9800
Listing date Apr 28, 2026
MLS# 1653187
Listing URL
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.
HighLights
- 16‑unit multifamily property in desirable Scarborough location, convenient to amenities and downtown Portland.
- Strong rental appeal with fifteen 2‑bedroom units and one 1‑bedroom unit.
- Currently 100% occupied, providing immediate income.
- Substantial renovations completed in recent years.
- New heat pumps installed in all units for enhanced energy efficiency.
- Additional income from on‑site coin‑operated laundry and dedicated parking.
Overview
This is a 16-unit multifamily property located in Scarborough, Maine, in the Dunstan Corner neighborhood near the Saco border. The property offers access to area amenities, the Maine Turnpike, and downtown Portland. The property consists of four buildings, each containing four units, for a total of 16 apartments. The unit mix includes fifteen 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. All units are currently occupied. The property has undergone substantial renovations in recent years, resulting in modernized interiors, updated major systems, and improved long-term durability. New heat pumps have been installed in all units. Additional income is generated through on-site coin-operated laundry, and each unit benefits from two dedicated parking spaces plus overflow parking for guests. The property is situated on a 9-acre lot. The property is zoned RF. The building size is 11478 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$2.10M
NOI $188,705 @ 9.00% cap · cautious / downside scenario
Moderate
$2.70M
NOI $188,705 @ 7.00% cap · market / base-case scenario
Aggressive
$3.77M
NOI $188,705 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $365.0k | $31.80 |
| − Vacancy | −$21.9k | −$1.91 |
| EGI | $343.1k | $29.89 |
| − OpEx | −$154.4k | −$13.45 |
| NOI | $188.7k | $16.44 |
11,478 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$2.70M
$2.36M – $3.15M
NOI $188,705 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,832 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Scarborough
- County
- Cumberland
- State
- Maine
- Longitude
- -70.404678
- Latitude
- 43.574352
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Sixteen-unit multifamily property in Scarborough with recent renovations and strong occupancy.
Where is this apartment building located?
The property is located at 90 Broadturn Road Scarborough, ME.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: 16‑unit multifamily property in desirable Scarborough location, convenient to amenities and downtown Portland.; Strong rental appeal with fifteen 2‑bedroom units and one 1‑bedroom unit.; Currently 100% occupied, providing immediate income.
