16-Unit Multifamily
For Sale
$2,999,999
90 Broadturn Road, Scarborough, ME 04074
COMMERCIAL - Scarborough, ME
Property Size11,478 SF
Lot Size9.00 Acres
Price / SF$261.37
Days on Market100
Property Features for 90 Broadturn Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RF
Lot features
Near Turnpike/ Interstate, Near Shopping
Standard status
Active
Size
11,478 SF
Lot size
9.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21543
HOA Fee
$1,100 Annually
Utilities
Sewer type
Private Sewer
Heating system
Hot Water(Heating), Heat Pump (Heating), Oil, Electric (Heating)
Water source
Public
Amenities
coin-operated laundry
Building Details
Year built
1945
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Alexandru Pirleci
(207) 239-6606
Added: Apr 28
Changed: Aug 4
Last Checked: Aug 5 at 11:06PM
MLS# 1653175
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.
Investment Insights
Based on property information with market context.
This 16-unit multifamily property in Scarborough consists of four buildings, each with four apartments. The unit mix includes fifteen 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. All units are currently occupied. On-site coin-operated laundry provides additional convenience and supplemental revenue potential.
Recent renovations have modernized interiors and updated major systems. New heat pumps have been installed in all units. The property includes dedicated parking for each unit, with two parking spaces per unit plus overflow parking for guests.
The buildings are constructed with vinyl siding and are served by public water and private sewer. Heating includes oil, heat pump (heating), hot water (heating), and electric (heating), and the roof is metal. Built in 1945, the property offers a well-defined apartment configuration within the Greater Portland area near the Saco border and with access to area amenities, the Maine Turnpike, and downtown Portland.
Recent renovations have modernized interiors and updated major systems. New heat pumps have been installed in all units. The property includes dedicated parking for each unit, with two parking spaces per unit plus overflow parking for guests.
The buildings are constructed with vinyl siding and are served by public water and private sewer. Heating includes oil, heat pump (heating), hot water (heating), and electric (heating), and the roof is metal. Built in 1945, the property offers a well-defined apartment configuration within the Greater Portland area near the Saco border and with access to area amenities, the Maine Turnpike, and downtown Portland.
Key Highlights
- 16 apartments in four buildings
- Unit mix: fifteen 2 bed 1 bath and one 1 bed 1 bath
- All units currently occupied
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 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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 04074, ME
21,952
Population
10,561
Households
2.1
Avg Household Size
46
Median Age
58%
College-Educated
99%
High-School Grad
47.6 sq mi
ZIP Area
461
Density / Sq Mi
$125,642
Median Household Income
$55,955
Median Earnings
$1,821
Median Rent
$502,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Four-building multifamily with all units occupied, updated systems including heat pumps, and on-site coin-operated laundry.
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 apartments in four buildings; Unit mix: fifteen 2 bed 1 bath and one 1 bed 1 bath; All units currently occupied
