518 Riverside Drive, Augusta, ME 04330
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
518 Riverside Drive,Augusta, ME 04330
$255,000
- - Beds
- 2 Baths
- 1,897 sq. ft.
- Multi-family
- Active
Office: pouliot real estate207-248-6044
MLS#:1673153
Source:ME_MREIS
Price summary
- Price:$255,000
- Price per sq. ft.:$134.42
About this home
Looking to get into real estate investing or offset your mortgage with rental income? This well-maintained two-unit property offers flexibility that's hard to find. Unlike a traditional side-by-side duplex, these apartments are arranged one above the other, providing two spacious living areas with separate entrances. Whether you're looking to owner-occupy one unit while renting the other or add a solid income-producing property to your portfolio, this property is worth a closer look.
An added bonus is the home's versatility. With its layout, the property could be converted back into a single-family home with relative ease, giving future owners additional options as their needs change.
Each unit features bright living spaces, two comfortable bedrooms, functional kitchens, and the convenience of its own washer and dryer hookups. Each unit also offers its own heating source and own electric meter allowing for heat and electricity to be paid for by tenants should you desire. The property generates an estimated gross annual rental income of $31,200 with estimated annual operating expenses of $10,938, making it an attractive opportunity.
Outside, you'll find ample parking and a manageable yard that's easy to maintain while still offering space to relax or garden. The asphalt roof, vinyl siding and vinyl window provides for ease of maintenance, plus the convenient location puts shopping, schools, and major commuting routes just a short distance away. In addition, the basement is easily accessed from an exterior door making storage a breeze.
Whether you're looking to build equity through rental income, expand your investment portfolio, or own a home with built-in flexibility for the future, this property checks all the boxes. Schedule your private showing today before this opportunity is gone....
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Home facts
- Year built:1843
- Listing ID #:1673153
- Updated:July 23, 2026 at 11:36 PM
Rooms and interior
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Laminate, Luxury Vinyl, Tile, Wood
- Basement Description:Exterior Entry, Full, Unfinished, Walk-Out Access
- Living area:1,897 sq. ft.
Heating and cooling
- Heating:Direct Vent Furnace, Forced Air, Gas Bottled, Heating, Oil
Structure and exterior
- Roof:Shingle
- Year built:1843
- Building area:1,897 sq. ft.
- Lot area:0.47 Acres
- Lot Features:Near Town, Open Lot, Rolling Slope
- Architectural Style:New Englander
- Construction Materials:Vinyl Siding, Wood Frame
- Exterior Features:Deck
Utilities
- Water:Public
- Sewer:Private Sewer, Septic Tank
Finances and disclosures
- Price:$255,000
- Price per sq. ft.:$134.42
- Tax amount:$2,219 (2025)
Features and amenities
- Laundry features:Washer Hookup
Parking
- Parking description:1 - 4 Spaces, Off street, On Site, Paved
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