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.
Active
$538,000
516 Eight Rod Road, Augusta, ME 04330
6beds
3,936sqft
Est.:
Multi Family
Built in 1982
-- sqft lot
$523,800 Zestimate®
$137/sqft
$-- HOA
What's special
Comfortable layoutsUpdated heating systemNew roofClean move-in ready apartments
- 2 days |
- 538 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: March 01, 2026 at 07:18am
Listed by:
The Flaherty Group
Source: Maine Listings,MLS#: 1652957
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- Flooring: Carpet, Vinyl, Wood, Luxury Vinyl
- Basement: Interior Entry
Interior area
- Total structure area: 3,936
- Total interior livable area: 3,936 sqft
- Finished area above ground: 2,910
- Finished area below ground: 1,026
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Multi/Split
- Patio & porch: Deck, Patio
Lot
- Size: 1.04 Acres
Details
- Zoning: RRES
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Roof: Metal,Shingle
Condition
- Year built: 1982
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water: Private, Well
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Augusta
Financial & listing details
- Price per square foot: $137/sqft
- Annual tax amount: $5,915
- Date on market: 3/1/2026
Estimated market value
$523,800
$498,000 - $550,000
$3,575/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/1/2026 | Listed for sale | $538,000+10.9%$137/sqft |
Source: | ||
| 12/16/2023 | Listing removed | -- |
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| 10/15/2023 | Price change | $485,000-2%$123/sqft |
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| 9/26/2023 | Listed for sale | $495,000+28.2%$126/sqft |
Source: | ||
| 6/24/2021 | Sold | $386,000-1%$98/sqft |
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| 5/19/2021 | Contingent | $389,900$99/sqft |
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| 5/7/2021 | Pending sale | $389,900$99/sqft |
Source: | ||
| 5/5/2021 | Listing removed | -- |
Source: | ||
| 4/30/2021 | Price change | $389,900-2.5%$99/sqft |
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| 4/12/2021 | Price change | $399,900-6.8%$102/sqft |
Source: | ||
| 3/26/2021 | Price change | $429,000-2.3%$109/sqft |
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| 3/20/2021 | Price change | $439,000-2.2%$112/sqft |
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| 3/16/2021 | Price change | $449,000-2.2%$114/sqft |
Source: | ||
| 3/4/2021 | Listed for sale | $459,000$117/sqft |
Source: Brookewood Realty #1488219 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,982/mo
Principal & interest
$2525
Property taxes
$457
Climate risks
Neighborhood: 04330
Nearby schools
GreatSchools rating
- 4/10Sylvio J Gilbert SchoolGrades: PK-6Distance: 3.3 mi
- 3/10Cony Middle SchoolGrades: 7-8Distance: 4.4 mi
- 4/10Cony Middle and High SchoolGrades: 9-12Distance: 4.4 mi







