16-Unit Apartment Property with Heat
For Sale
$2,999,999
90 Broadturn Road, Scarborough, ME 04074
Commercial Sale, Scarborough, ME
Property Size11,478 SF
Lot Size9.00 Acres
Price / SF$261.37
Days on Market184
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
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21543
HOA Fee
$1,100 Annually
Utilities
Sewer type
Private Sewer
Heating system
Electric (Heating), Hot Water(Heating), Oil, Heat Pump (Heating)
Water source
Public
Amenities
coin-operated laundry
Building Details
Year built
1945
Building materials
Vinyl Siding
Roof type
Metal
Buildings
4
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Alexandru Pirleci
(207) 239-6606
Added: Apr 28
Changed: Oct 27
Last Checked: Oct 28 at 9:06AM
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.
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Investment Insights
Based on property information with market context.
This 11,478-square-foot apartment property comprises four buildings with 16 units: fifteen two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. The buildings date to 1945 and feature vinyl siding, metal roofing, public water, and private sewer. Recent renovation work has modernized the interiors and updated major systems, while heat pumps serve every unit alongside existing hot water, electric, and oil heating components.
All apartments are occupied. Each unit includes two dedicated parking spaces, with additional guest parking available on the 9-acre property. Coin-operated laundry provides an on-site amenity and supplementary income stream. The property is located at 90 Broadturn Road in Scarborough’s Dunstan Corner area, near the Saco border, with access to area amenities, the Maine Turnpike, and downtown Portland.
All apartments are occupied. Each unit includes two dedicated parking spaces, with additional guest parking available on the 9-acre property. Coin-operated laundry provides an on-site amenity and supplementary income stream. The property is located at 90 Broadturn Road in Scarborough’s Dunstan Corner area, near the Saco border, with access to area amenities, the Maine Turnpike, and downtown Portland.
Key Highlights
- 16 apartments across four buildings on a 9‑acre property
- Unit mix includes fifteen 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- 11,478 square feet; buildings constructed in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,705
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,774,100
$3.8M
Cap Rate 7%
$2,695,786
$2.7M
Cap Rate 9%
$2,096,722
$2.1M
Market Conditions
NOI Build-Up for 11,478 SF
Gross rent
$365.0K $31.80/SF
− Vacancy
−$21.9K −$1.91/SF
EGI
$343.1K $29.89/SF
− OpEx
−$154.4K −$13.45/SF
NOI
$188.7K $16.44/SF
Area
Cumberland County, ME
Vacancy
6.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,774,100
Cap Rate 7%
$2,695,786
Cap Rate 9%
$2,096,722
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.
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Property Analytics
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Open Analytics
Lease Details
16
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
14
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The property offers a predominantly two-bedroom mix, dedicated parking, and on-site 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 across four buildings on a 9‑acre property; Unit mix includes fifteen 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; 11,478 square feet; buildings constructed in 1945
