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  • $538,000

    516 Eight Rod Road, Augusta, ME 04330

    6beds
    3,936sqft
    : 
    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
    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.
    2 days
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    538
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    11
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    Zillow last checked: 8 hours ago

    Listing updated: March 01, 2026 at 07:18am

    Listed by:

    The Flaherty Group

    Source: Maine Listings,MLS#: 1652957MLS Logo

    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
    DateEventPrice
    3/1/2026Listed for sale$538,000+10.9%$137/sqft
    Source: Maine Listings #1652957 Report a problem
    12/16/2023Listing removed--
    Source: Maine Listings #1573068 Report a problem
    10/15/2023Price change$485,000-2%$123/sqft
    Source: Maine Listings #1573068 Report a problem
    9/26/2023Listed for sale$495,000+28.2%$126/sqft
    Source: Maine Listings #1573068 Report a problem
    6/24/2021Sold$386,000-1%$98/sqft
    Source: Maine Listings #1483485 Report a problem
    5/19/2021Contingent$389,900$99/sqft
    Source: Maine Listings #1483485 Report a problem
    5/7/2021Pending sale$389,900$99/sqft
    Source: Maine Listings #1483485 Report a problem
    5/5/2021Listing removed--
    Source: Maine Listings Report a problem
    4/30/2021Price change$389,900-2.5%$99/sqft
    Source: Maine Listings #1488219 Report a problem
    4/12/2021Price change$399,900-6.8%$102/sqft
    Source: Maine Listings #1483485 Report a problem
    3/26/2021Price change$429,000-2.3%$109/sqft
    Source: Maine Listings #1483485 Report a problem
    3/20/2021Price change$439,000-2.2%$112/sqft
    Source: Maine Listings #1483485 Report a problem
    3/16/2021Price change$449,000-2.2%$114/sqft
    Source: Maine Listings #1483485 Report a problem
    3/4/2021Listed 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

      Getting around

      0 / 100
      Car-Dependent
      11 / 100
      Somewhat Bikeable

      Nearby schools

      GreatSchools rating

      Local experts in 04330

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