516 Eight Rod Road

Closed 3/27/26
Closed 3/27/26
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Sold
Last Sold Price
$520,000
3,936 sqft$132/sqft
516 Eight Rod Rd, Augusta, ME 04330
Multi FamilyProperty Type
1.04 acresLot Size
1982Year Built
$132/sq ftPrice per sq ft
2 carsParking Spaces

Description

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,...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.
  • Listed by: Maryea Curtis 207.650.5434 Maryea@Maryea.com • The Flaherty Group
Listing closed: 03/27/2026 12:00 AM • Source: Maine Listings, MLS#: 1652957
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Location

Listing Courtesy of The Flaherty Group

Sold By The Flaherty Group

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$3,136 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,643

Property Taxes

$493

HOA Dues

$0

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Property Information for 516 Eight Rod Road

Property Details
  • Taxes: $5,915 / year
  • MLS Type: Multi-Family
  • County: Kennebec County
  • Architectural Style: Other
  • Style: Other
  • Has Waterfront: No
  • Zoning: RRES
Building Information
  • Residences: 4
  • Year Built: 1982
  • Lot Size: 1.04 AC / 45,302 SF
Summary
Location and General Information
  • Water View: No
  • Location: Near Turnpike/Interstate, Near Town
  • Page: 21
  • Zoning Overlay: No
  • Latitude: 44.377119
  • Longitude: -$69.76
Taxes and HOA
  • Association: No
  • Parcel Number: AUGU-000002-000149A
  • Tax Lot: 149A
  • Tax Book Number: 14065
  • Tax Map Number: 2
  • Tax Year: 2025
  • Tax Annual Amount: $5,915.00
Parking
  • Parking Features: 5 - 10 Spaces, Paved, Common, Detached
  • Parking: 5 - 10 Spaces
  • Vehicle Storage: 2 Car, Detached
  • Has Attached Garage: No
  • Garage Spaces: 2.0
  • Has Garage: Yes
Property
Lot Information
  • Lot Features: Wooded, Near Turnpike/Interstate, Near Town
  • Lot Size Acres: 1.04
  • Lot Size Area: 1.04
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 45302.4
  • Lot Size Units: Acres
  • Roads: Paved, Public
  • Road Surface Type: Paved
  • SqFt Source: Public Records
  • Tree Growth: false
  • Site: Other Site, Wooded
Property and Assessments
  • Above Grade Finished Area: 2910.0
  • Below Grade Finished Area: 1026.0
  • Building Area Total: 3936.0
  • Property Type: Multi-Family
  • Construction: Wood Frame
  • Year Built: 1982
Building Features
  • Levels: Multi-Level
  • Levels: Multi-Level
  • Foundation Details: Concrete Perimeter
  • Foundation Materials: Poured Concrete
  • Construction Materials: Wood Siding, Vinyl Siding, Wood Frame
Financial Information
  • List Price/SqFt: $184.88
Utilities
  • Heat Fuel: Oil
  • Electric: Circuit Breakers
  • Gas: No Gas
  • Sewer: Private Sewer
  • Water Source: Well, Private
  • Water Heater: Off Heating System, Separate Booster
  • Utilities: Utilities On
  • Utilities On: Yes
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl Siding, Wood Siding
  • Roof: Metal, Shingle
  • Driveway: Common, Paved
Interior Features
  • Bathrooms Full: 4
  • Bathrooms Total Decimal: 4.0
  • Bathrooms Total Integer: 4
  • Basement: Interior, Walk-Out Access, Full
  • Basement: Walk-Out Access, Full
  • Patio And Porch Features: Deck, Patio
  • Has Cooling: No
  • Heating: Zoned, Hot Water, Baseboard
  • Has Heating: Yes
  • Flooring: Wood, Vinyl, Carpet
Multi Family
Multi Family Information
  • # of 1 BD Units: 2
  • # of 2 BD Units: 2
  • Number Of Units Total: 4
Income & Expenses
  • Gross Income: $62,820.00
  • Operating Expense: $11,413.00
Rental
Rent Information
  • Land Lease: No
Tenant Information
  • Occupant Type: No

Property History for 516 Eight Rod Road

DateEvent & SourcePriceAppreciation
Mar 27, 2026

Sold (Public Record)

Public Record #1934577869

$520,000—
Mar 27, 2026

Sold

Maine Listings #1652957

$520,000—
Mar 13, 2026

Pending

Maine Listings #1652957

—
DateEvent & SourcePrice
03/27/2026

Sold (Public Record)

Public Record #1934577869

$520,000
03/27/2026

Sold

Maine Listings #1652957

$520,000
03/13/2026

Pending

Maine Listings #1652957

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 516 Eight Rod Road

Taxable ValueLand$41,800Additions$200,600Total$242,400
Tax Record2025$5,915 ($493 / month)
Home Facts
Baths4Total Finished SqFt2,910 SqFtAbove Grade Finished SqFt2,910 SqFtUnfinished Basement SqFt650 SqFtStories1Lot Size45,302 SqFtStyleMulti-Family Res (5+ Units)Year Built1982Year Renovated1982CountyKENNEBECAPNAUGU M:00002 B:0149A L:00000

Schools near 516 Eight Rod Road

This home is within Augusta Public Schools.
Rating
School
Type
Grades
Distance
Farrington School
Public - K to 6
Cony Middle School
Public - 7 to 8
Cony High School
Public - 9 to 12
Lincoln School
Public - K to 6
Rating
School
Distance
Farrington School
PublicK to 6

Cony Middle School
Public7 to 8

Cony High School
Public9 to 12

Lincoln School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 516 Eight Rod Road, Augusta, ME 04330
$520,000
–
3,936
45,302
513 Eight Rod Road, Augusta, ME 04330
–
3
1
1,208
48,352
519 Eight Rod Road, Augusta, ME 04330
$195,800
3
1,614
48,351
501 Eight Rod Road, Augusta, ME 04330
–
3
1
960
135,472
507 Eight Rod Road, Augusta, ME 04330
$189,900
3
2,600
48,351
530 Eight Rod Road, Augusta, ME 04330
–
3
1.5
1,404
652,529

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Flaherty Group

Listing data is derived in whole or in part from the Maine IDX and 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.