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$538,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 1.04 Acres
  • 2 Car Garage
  • Updated 1 day ago
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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.

Full Property Details for 516 Eight Rod Rd

General

  • Price: $538,000
  • Taxes: $5,915 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: MREIS
  • MLS ID: 1652957
  • Updated: 3/1/2026
  • Added to Site: 2 day(s) ago

Interior

  • Flooring: Wood, Vinyl, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Exterior

  • Porch/Patio/Deck: Deck, Patio

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: 5 - 10 Spaces, Paved, Common, Detached

Location

  • County: Kennebec

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Zoned, Hot Water, Baseboard

Utilities

  • Sewer: Private Sewer
  • Water: Well, Private
  • Well: Yes
  • Utility Description: Utilities On

Structural Information

  • Architectural Style: Other
  • Construction: Wood Siding, Vinyl Siding, Wood Frame
  • Roof: Metal, Shingle
  • Building Size: 3936
  • Square Feet: 3,936
  • Living Area: 3,936 Sq. Ft.
  • Finished Total: 3,936 Sq. Ft.
  • Finished Above Grnd: 2,910 Sq. Ft.
  • Finished Below Grnd: 1,026 Sq. Ft.
  • Year Built: 1982

Lot Features

  • Lot Size (Acres): 1.04
  • Lot Size (Sq. Ft.): 45,302.4
  • Lot Size Source: Public Records
  • Zoning: RRES
  • Lot Description: Wooded, Near Turnpike/Interstate, Near Town

Financial Considerations

  • Tax Amount: $5,915
  • Tax Year: 2025

Disclosures and Reports

  • Lot Number: 149A

Listed by The Flaherty Group (207) 221-8585

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Listing agent

— 516 Eight Rod Rd —

  • The Flaherty Group

    207-221-8585

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 516 Eight Rod Rd

School District:Augusta
NameGradesDistance
Sylvio J Gilbert School
16 Sunset Avenue, Augusta, ME 04330
PK-63.3 mi
Cony Middle School
60 Pierce Drive, Augusta, ME 04330
7-84.4 mi
Cony Middle and High School
60 Pierce Drive, Augusta, ME 04330
9-124.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 516 Eight Rod Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/01/2026
Listed
$538,000
37.62%
MLS
6/24/2021
Sold
$390,923
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 516 Eight Rod Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,915
3%
$242,400
—
2024
$5,769
4%
$242,400
—
2023
$5,566
5%
$242,400
—
2022
$5,313
5%
$242,400
—
2021
$5,076
—
$242,400
—
2020
$5,076
—
$242,400
—
2019
$5,083
—
$242,400
—
2018
$5,083
3%
$242,400
—
2017
$4,940
3%
$242,400
—
2016
$4,797
2%
$242,400
—
2015
$4,703
4%
$242,400
—
2014
$4,526
3%
$242,400
—
2013
$4,400
—
$242,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by The Flaherty Group (207) 221-8585

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516 Eight Rod Road, Augusta, ME 04330 (MLS# 1652957) is a Multi-Family property with 4 units containing 0 bedrooms and 4 full bathrooms. 516 Eight Rod Road is currently listed for $538,000 and was received on March 01, 2026. Want to learn more about 516 Eight Rod Road? Do you have questions about finding other Multi-Family real estate for sale in Augusta? You can browse all Augusta real estate or contact a Coldwell Banker agent to request more information.

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