516 Eight Rod Road, Augusta, Maine

  • $538,000
      • Active
    • Address:
      516 Eight Rod Road
      Augusta, Maine 04330
    • Property Type:
    • Location:
    • Baths: 4
    • Sq Ft: 3,936
    • Lot Sq Ft: 1.04 acres

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.

Price:$538,000
Address:516 Eight Rod Road
City:Augusta
State:Maine
Zip Code:04330
MLS:1652957
Year Built:1982
Square Feet:3,936
Acres:1.04
Lot Square Feet:1.04 acres
Bathrooms:4
roof:Metal, Shingle
sewer:Private Sewer
taxLot:149A
cooling:None
heating:Baseboard, Hot Water, Zoned
basement:Interior Entry
electric:Circuit Breakers
flooring:Carpet, Vinyl, Wood, Luxury Vinyl
garageYN:yes
coolingYN:no
mlsStatus:Active
utilities:Utilities On
grossIncome:62820
landLeaseYN:no
lotSizeArea:1.04
waterSource:Private, Well
garageSpaces:2
lotSizeUnits:Acres
taxMapNumber:2
waterfrontYN:no
associationYN:no
lotSizeSource:Public Records
taxBookNumber:14065
taxAnnualAmount:5915
attachedGarageYN:no
operatingExpense:11413
lotSizeSquareFeet:45302.4
architecturalStyle:Other
numberOfUnitsTotal:4
waterInfoWaterView2:No
patioAndPorchFeatures:Deck, Patio
aboveGradeFinishedArea:2910
belowGradeFinishedArea:1026
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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. All listing displayed pursuant to IDX shall identify the listing firm, and the email or phone number provided by the listing participant. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Walk Score information is provided by Walk Score, and is not derived from any association with Elm Street Technology, or the MLS. Data last updated Friday, March 13th, 2026 02:26:52 AM.
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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated . This tool does not include real-market mortgage information, and is provided by IDX, LLC. for consumer convenience to approximate possible costs.

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