Scarborough Multifamily Investment
90 Broadturn Rd, Scarborough, ME 04074
16-unit multifamily property in desirable Scarborough location.
Type:Multifamily
Property size:
11,478 SFPrice / SF:
$287/SF- Added:
- Mar 3, 2026
- Days on Market:
- 117
- Last Refresh:
- Mar 16 at 2:07 pm
Property Features for 90 Broadturn Rd
General Information
- Standard status
- Active
- Size
- 11,478 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1945
Listing office KW Commercial Greater Portland
Listing date Mar 3, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Greater Portland
HighLights
- Prime location in Scarborough's Dunstan Corner, near Saco border, with easy access to amenities, Maine Turnpike, and Portland.
- 16‑unit multifamily property with a desirable unit mix: fifteen 2‑bedroom\/1‑bath and one 1‑bedroom\/1‑bath.
- Substantial recent renovations including modernized interiors and updated major systems.
- New heat pumps installed in all units, increasing energy efficiency and tenant comfort.
- Strong in‑place occupancy with only one vacant unit, providing immediate income.
- Additional income from on‑site coin‑operated laundry and dedicated parking (2 spaces per unit plus overflow).
Overview
This is a rare opportunity to acquire a 16-unit multifamily property in Scarborough, ideally positioned in the Dunstan Corner neighborhood near the Saco border. The location provides convenient access to area amenities, the Maine Turnpike, and downtown Portland. This location offers strong rental appeal within the highly desirable Greater Portland market. 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, an attractive configuration that supports consistent tenant demand. All but one unit are currently occupied, providing immediate income with minimal vacancy exposure. The asset 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, enhancing energy efficiency and tenant comfort. 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 size is 11478 square feet. With strong in-place occupancy, recent capital improvements, and a strategic location in one of Southern Maine’s most sought-after communities, this offering presents a compelling opportunity for investors seeking stable cash flow and long-term appreciation.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| 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 Uses
Best Use
Apartment 5plus
$2.70M
$2.36M – $3.15M
NOI $188,705 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,832 @ 7.0% cap · market cap 6.69%
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
- -70.4052479
- Latitude
- 43.5742929
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 16-unit multifamily property in desirable Scarborough location.
Where is this apartment building located?
The property is located at 90 Broadturn Rd Scarborough, ME.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Prime location in Scarborough's Dunstan Corner, near Saco border, with easy access to amenities, Maine Turnpike, and Portland.; 16‑unit multifamily property with a desirable unit mix: fifteen 2‑bedroom\/1‑bath and one 1‑bedroom\/1‑bath.; Substantial recent renovations including modernized interiors and updated major systems.
