516 Eight Rod Rd
Augusta, ME 04330

$520,000

Last Sold Price

Beds

Baths

3,936 Sq. Ft.

$132 / Sq. Ft.

3,936

Sq. Ft.

$132

per Sq. Ft.

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Closed 3/27/26

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 • The Flaherty Group

Property Details for 516 Eight Rod Road

Waterfront

ArchitecturalStyle

Other

Garage Spaces

2.00

Garage

Yes

Zoning

RRES

LISTING UPDATED: 03/29/2026 12:33 PM

Property Details for 516 Eight Rod Road

Status	Closed
MLS #	1652957
Days on Market	11
Taxes	$5,915 / year
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Multi-Family
Year Built	1982
Lot Size	1.04 AC / 45,302 SF
County	Kennebec County

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Location

Listing Courtesy of The Flaherty Group

Sold By The Flaherty Group

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Building Information for 516 Eight Rod Road

Stories-Residences4Year Built1982Building Size-Lot Size1.04 AC / 45,302 SF

Payment Calculator

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$3,111 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,618

Property Taxes

$493

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 516 Eight Rod Road

Summary

Location and General Information

Road Surface Type: Paved
Zip Code: 8177

Town: Augusta
State/Province: ME
Zip Code: 04330
County: Kennebec
Geo Latitude: 44.377119
Geo Longitude: -69.759626
Tax Lot: 149A
Site:Other Site: Yes
Site:Wooded: Yes
Location:Near Town: Yes
Location:Near Turnpike/Interstate: Yes
Construction: Wood Frame
Water View2: No
Tree Growth YN2: false

Parking

Parking Features: 5 - 10 Spaces, Paved, Common, Detached
Attached Garage: No

Parking: 5 - 10 Spaces

Taxes and HOA Information

Tax Book Number: 14065
Tax Map Number: 2

Tax Year: 2025
Parcel Number: AUGU-000002-000149A
Location Information:Association Y/N: No
Tax Annual Amount: $5,915.00

Property

Heating and Cooling

Water Heater:Electric: No
Water Heater:Off Heating System: Yes

Water Heater:Separate Booster: Yes
Heat Fuel: Oil
Heat System: Baseboard, Hot Water, Zoned

Lot Information

SqFt Finished Below Grade: 1026.0
SqFt Finished Above Grade: 2910.0

Lot Size Acres: 1.04
Source of Acreage: Public Records
Building Area Total: 3936.0
Lot Size Area: 1.04
Lot Size Units: Acres
Lot Size Square Feet: 45302.4
Bathrooms Full: 4
Bathrooms Half: 0
Street Number: 516
Property Information:Surveyed: Unknown
Property Information:Seasonal: No
Property Information:Owner Occupied: No
Property Information:Total Half Baths: .00

Parking

Driveway:Common: Yes
Driveway:Paved: Yes

Driveway: Common2, Paved2

Property and Assessments

Leased Land: No
Property Type: Multi-Family

Property Type Label: Multi-Family
Year Built: 1982

Utilities

Electric: Circuit Breakers
Sewer: Yes

Water Source: Well, Private
Utilities:Utilities On: Yes
Gas:No Gas: Yes
Water Heater: Off Heating System, Separate Booster

Interior and Exterior Features

Exterior Features

Construction Materials: Wood Siding, Vinyl Siding, Wood Frame
Vehicle Storage:2 Car: Yes

Vehicle Storage:Detached: Yes
Roof: Metal, Shingle
Patio and Porch Features:Deck: Yes
Patio and Porch Features:Patio: Yes
Vehicle Storage: 2 Car, Detached
Patio and Porch Features: Deck, Patio
Basement Entry: Interior

Interior Features

Basement: Full, Walk-Out Access
Flooring: Wood, Vinyl, Carpet

Cooling: None
Heating: Zoned, Hot Water, Baseboard
Foundation Details: Concrete Perimeter
Bathrooms Total (Integer): 4
Bathrooms Total (Decimal): 4.00
Bathrooms Total (Notational): 4.00
Cooling YN: No
Heating YN: Yes
Levels: Multi-Level

Multi Family

Income & Expenses Information

Gross Income: $62,820.00
Operating Expenses: $11,413.00

Gross Income: $62,820.00
Operating Expenses: $11,413.00

Multi-Family Information

Number of Units: 4

Unit 1

Unit 1:Lease: No
Unit 1:Level: Second

Unit 1:Security Deposit: Yes
Unit 1:Monthly Rent: $1,515.00
Unit 1:# Full Baths: 1.00
Unit 1:# of Half Baths: .00
Unit 1:# of Rooms: 5.00
Unit 1:# of Bedrooms: 2.00
Unit 1:Dedicated Electric Meter: Yes
Unit 1:Dedicated Gas Meter: No
Unit 1:Dedicated Water Heater: No
Unit 1:Electric: No
Unit 1:Heat: Yes
Unit 1:Range: Yes
Unit 1:Refrigerator: Yes
Unit 1:Sewer: Yes
Unit 1:Water: Yes

Unit 2

Unit 2:Lease: Yes
Unit 2:Level: First

Unit 2:Monthly Rent: $1,050.00
Unit 2:# Full Baths: 1.00
Unit 2:# Half Baths: .00
Unit 2:# of Rooms: 3.00
Unit 2:# of Bedrooms: 1.00
Unit 2:Dedicated Electric Meter: Yes
Unit 2:Dedicated Gas Meter: No
Unit 2:Dedicated Water Heater: No
Unit 2:Electric: No
Unit 2:Heat: Yes
Unit 2:Range: Yes
Unit 2:Refrigerator: Yes
Unit 2:Sewer: Yes
Unit 2:Water: Yes

Unit 3

Unit 3:Lease: Yes
Unit 3:Level: Basement

Unit 3:Monthly Rent: $1,270.00
Unit 3:# Full Baths: 1.00
Unit 3:# Half Baths: .00
Unit 3:# of Rooms: 4.00
Unit 3:# of Bedrooms: 2.00
Unit 3:Dedicated Electric Meter: Yes
Unit 3:Dedicated Gas Meter: No
Unit 3:Dedicated Water Heater: No
Unit 3:Electric: No
Unit 3:Heat: Yes
Unit 3:Range: Yes
Unit 3:Refrigerator: Yes
Unit 3:Sewer: Yes
Unit 3:Water: Yes

Unit 4

Unit 4:Lease: Yes
Unit 4:Level: First

Unit 4:Monthly Rent: $1,050.00
Unit 4:# Full Baths: 1.00
Unit 4:# Half Baths: .00
Unit 4:# of Rooms: 3.00
Unit 4:# of Bedrooms: 1.00
Unit 4:Dedicated Electric Meter: Yes
Unit 4:Dedicated Gas Meter: No
Unit 4:Dedicated Water Heater: No
Unit 4:Electric: No
Unit 4:Heat: Yes
Unit 4:Range: Yes
Unit 4:Refrigerator: Yes
Unit 4:Water: Yes

Unit Information

Units:# of 1 BD Units: 2
Units:# of 2 BD Units: 2

Units:# of 3 BD Units: 0
Units:# of 4+ BD Units: 0

Property History for 516 Eight Rod Road

Date	Event & Source	Price	Appreciation
Mar 27, 2026	Sold Maine Listings #1652957	$520,000	—
Mar 13, 2026	Pending Maine Listings #1652957		—
Mar 12, 2026	Active Under Contract Maine Listings #1652957		—
Feb 1, 2026	Listed (Active) Maine Listings #1652957	$538,000	—
Feb 22, 2024	Expired Maine Listings #1573068	$485,000	—
Dec 16, 2023	Withdrawn Maine Listings #1573068	$485,000	—
Sep 22, 2023	Listed (Active) Maine Listings #1573068	$495,000	—
Mar 4, 2022	Expired Maine Listings #1488219	$389,900	—
Jun 24, 2021	Sold Maine Listings #1483485	$386,000	—
May 7, 2021	Active Under Contract Maine Listings #1483485		—
May 5, 2021	Pending Maine Listings #1483485		—
Apr 19, 2021	Listed (Active) Maine Listings #1488219	$399,900	—
Mar 4, 2021	Listed (Active) Maine Listings #1483485	$459,000	—

Date	Event & Source	Price
03/27/2026	Sold Maine Listings #1652957	$520,000
03/13/2026	Pending Maine Listings #1652957	—
03/12/2026	Active Under Contract Maine Listings #1652957	—
02/01/2026	Listed (Active) Maine Listings #1652957	$538,000
02/22/2024	Expired Maine Listings #1573068	$485,000
12/16/2023	Withdrawn Maine Listings #1573068	$485,000
09/22/2023	Listed (Active) Maine Listings #1573068	$495,000
03/04/2022	Expired Maine Listings #1488219	$389,900
06/24/2021	Sold Maine Listings #1483485	$386,000
05/07/2021	Active Under Contract Maine Listings #1483485	—
05/05/2021	Pending Maine Listings #1483485	—
04/19/2021	Listed (Active) Maine Listings #1488219	$399,900
03/04/2021	Listed (Active) Maine Listings #1483485	$459,000

For completeness, Compass 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 Built1982CountyKENNEBECAPNAUGU M:00002 B:0149A L:00000

Schools near 516 Eight Rod Road

This home is within Augusta Public Schools.


Rating	School	Type	Grades	Distance
4/10	Sylvio J Gilbert School	Public - Nearby school	PK to 6	3.3 mi
3/10	Cony Middle School	Public - Serves this home	7 to 8	4.3 mi
4/10	Cony Middle and High School	Public - Serves this home	9 to 12	4.4 mi
7/10	Lillian Parks Hussey School	Public - Nearby school	K to 6	3.9 mi
5/10	Lincoln School	Public - Nearby school	K to 6	4.7 mi
1/10	Farrington School	Public - Nearby school	K to 6	4.8 mi
NR	Dirigere Christian Academy	Private - Nearby school	K to 12	1.9 mi


Rating	School	Distance
4/10	Sylvio J Gilbert School PublicPK to 6 Nearby school	3.3 mi
3/10	Cony Middle School Public7 to 8 Serves this home	4.3 mi
4/10	Cony Middle and High School Public9 to 12 Serves this home	4.4 mi
7/10	Lillian Parks Hussey School PublicK to 6 Nearby school	3.9 mi
5/10	Lincoln School PublicK to 6 Nearby school	4.7 mi
1/10	Farrington School PublicK to 6 Nearby school	4.8 mi
NR	Dirigere Christian Academy PrivateK to 12 Nearby school	1.9 mi

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. 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. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.

516 Eight Rod RdAugusta, ME 04330

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516 Eight Rod Rd
Augusta, ME 04330