516 Eight Rod Road

Closed 3/27/26
Closed 3/27/26
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Closed
Last Sold Price
$520,000
6 beds3,936 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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Recent comparable sales

Median sold price

$437,000

Avg days on market

40

Sale-to-list ratio

93.3%

Augusta, ME

9 comparable properties found

$475,000 | 1 Noyes Court, Augusta, ME 04330
1/53
1

$475,000

Sold 11/26/24

6
Bedrooms
4,267
Square Feet
0.17
Acres

1 Noyes Court, Augusta, ME 04330

$437,000 | 205 Northern Avenue, Augusta, ME 04330
1/37
2

$437,000

Sold 05/14/26

6
Bedrooms
3,316
Square Feet
0.48
Acres

205 Northern Avenue, Augusta, ME 04330

$640,000 | 197 Northern Avenue, Augusta, ME 04330
1/11
3

$640,000

Sold 05/30/25

6
Bedrooms
4,131
Square Feet
0.52
Acres

197 Northern Avenue, Augusta, ME 04330

$429,000 | 18 Spruce Street, Augusta, ME 04330
1/10
4

$429,000

Sold 11/27/24

6
Bedrooms
2,970
Square Feet
0.41
Acres

18 Spruce Street, Augusta, ME 04330

$318,000 | 305 1st Street, Augusta, GA 30901
1/60
5

$318,000

Sold 08/05/26

6
Bedrooms
3,256
Square Feet
0.27
Acres

305 1st Street, Augusta, GA 30901

$308,000 | 18 Crosby Street, Augusta, ME 04330
1/2
6

$308,000

Sold 06/17/26

6
Bedrooms
2,730
Square Feet
0.46
Acres

18 Crosby Street, Augusta, ME 04330

$550,000 | 3818 Inverness Way, Augusta, GA 30907
1/64
7

$550,000

Sold 03/02/26

6
Bedrooms
3,687
Square Feet
0.51
Acres

3818 Inverness Way, Augusta, GA 30907

$335,000 | 34 Gage Street, Augusta, ME 04330
1/26
8

$335,000

Sold 07/09/25

5
Bedrooms
4,070
Square Feet
0.27
Acres

34 Gage Street, Augusta, ME 04330

$558,400 | 6 Winter Street, Augusta, ME 04330
1/71
9

$558,400

Sold 07/18/25

11
Bedrooms
3,786
Square Feet
0.18
Acres

6 Winter Street, Augusta, ME 04330

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Location

Listing Courtesy of The Flaherty Group

Sold By The Flaherty Group

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$3,269 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,776

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
  • 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

Unit Information

Unit 1
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: Basement
  • Security Deposit: Yes
  • Actual Rent: $1,270.00
  • Beds Total: 2
  • Rooms Total: 4
Unit 2
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $1,050.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 3
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: Yes
  • Level: First
  • Security Deposit: Yes
  • Actual Rent: $1,050.00
  • Beds Total: 1
  • Rooms Total: 3
Unit 4
  • Num Full Baths: 1
  • Dedicated Gas Meter: No
  • Dedicated Water Heater: No
  • Refrigerator: Yes
  • Sewer: Yes
  • Water: Yes
  • Electric: No
  • Heat: Yes
  • Range: Yes
  • Lease: No
  • Level: Second
  • Security Deposit: Yes
  • Actual Rent: $1,515.00
  • Beds Total: 2
  • Rooms Total: 5

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 Value

Land

$41,800

Additions

$200,600
Total$242,400

Tax Record

2025

$5,915 ($493 / month)

Home Facts

Baths

4

Total Finished SqFt

2,910 SqFt

Above Grade Finished SqFt

2,910 SqFt

Unfinished Basement SqFt

650 SqFt

Stories

1

Lot Size

45,302 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1982

Year Renovated

1982

County

KENNEBEC

APN

AUGU 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
6
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

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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.