Scarborough Multifamily Investment
90 Broadturn Road Scarborough, ME 04074
For Sale
$2,999,999
COMMERCIAL - Scarborough, ME
Property Size11,478 SF
Lot Size9.00 Acres
Price / SF$261.37
Days on Market93
Property Features for 90 Broadturn Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RF
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
Hot Water(Heating), Electric (Heating), Heat Pump (Heating), Oil
Water source
Public
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: Jul 28
Last Checked: Jul 29 at 5:06AM
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 is a 16-unit multifamily property located in Scarborough, Maine, in the Dunstan Corner neighborhood near the Saco border. Its location provides convenient 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, 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 is situated on a 9-acre lot. The building size is 11478 square feet. The zoning is RF.
Key Highlights
- 16‑unit multifamily in Scarborough: four buildings with four units each
- Unit mix: fifteen 2‑bed/1‑bath units and one 1‑bed/1‑bath unit
- All units currently occupied for immediate rental income
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - 16-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 in Scarborough: four buildings with four units each; Unit mix: fifteen 2‑bed/1‑bath units and one 1‑bed/1‑bath unit; All units currently occupied for immediate rental income
