516 Eight Rod Road, Augusta, ME 04330

Augusta
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
516 Eight Rod Road,Augusta, ME 04330
$538,000
  • - Beds
  • 4 Baths
  • 3,936 sq. ft.
  • Multi-family
  • Active
Listed by: maryea curtis
Office: the flaherty group
MLS#:1652957
Source:ME_MREIS

Price summary

  • Price:$538,000
  • Price per sq. ft.:$136.69

About this home

Live in one unit while the others help pay your mortgage! Beautifully maintained 4-unit property featuring a new roof, updated heating system, and clean, move-in ready apartments. This is a rare opportunity to step into homeownership with built-in rental income -- ideal for buyers looking to offset living costs or create long-term financial stability. Instead of paying rent, occupy one apartment and collect income from the remaining units. The property offers strong existing rents, comfortable layouts, and low-maintenance major systems already completed, making the transition to multi-unit ownership simple and approachable. Perfect for owner-occupants, first-time buyers, or anyone looking to combine housing and investment in one property. Convenient location close to shopping, services, and commuting routes. Start building equity while tenants help cover expenses -- a smart alternative to traditional homeownership.

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Home facts

  • Year built:1982
  • Listing ID #:1652957
  • Updated:March 01, 2026 at 05:00 PM

Rooms and interior

  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet, Vinyl, Wood
  • Basement Description:Full, Walk-Out Access
  • Living area:3,936 sq. ft.

Heating and cooling

  • Heating:Baseboard, Hot Water

Structure and exterior

  • Year built:1982
  • Building area:3,936 sq. ft.
  • Lot area:1.04 Acres
  • Lot Features:Near Town, Near Turnpike/Interstate, Wooded
  • Construction Materials:Vinyl Siding, Wood Frame, Wood Siding
  • Exterior Features:Deck, Patio
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Private, Well
  • Sewer:Private Sewer

Finances and disclosures

  • Price:$538,000
  • Price per sq. ft.:$136.69
  • Tax amount:$5,915 (2025)
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