516 Eight Rod Rd Augusta, ME 04330
Estimated payment $3,292/month
Highlights
- 1.04 Acre Lot
- Wood Flooring
- Patio
- Deck
- No HOA
- Baseboard Heating
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,915
Year Built
- Built in 1982
Lot Details
- 1.04 Acre Lot
Parking
- 2 Car Garage
Home Design
- Shingle Roof
- Metal Roof
Interior Spaces
- 4 Full Bathrooms
- Interior Basement Entry
Flooring
- Wood
- Carpet
- Vinyl
Outdoor Features
- Deck
- Patio
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
- Private Water Source
- Well
- Private Sewer
Listing and Financial Details
- Tax Lot 149A
- Assessor Parcel Number AUGU-000002-000149A
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $11,413
- Gross Income $62,820
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,915 | $242,400 | $41,800 | $200,600 |
| 2024 | $5,769 | $242,400 | $41,800 | $200,600 |
| 2023 | $5,566 | $242,400 | $41,800 | $200,600 |
| 2022 | $5,313 | $242,400 | $41,800 | $200,600 |
| 2021 | $5,076 | $242,400 | $41,800 | $200,600 |
| 2020 | $5,076 | $242,400 | $41,800 | $200,600 |
| 2019 | $5,083 | $242,400 | $41,800 | $200,600 |
| 2018 | $4,598 | $242,400 | $41,800 | $200,600 |
| 2017 | $4,940 | $242,400 | $41,800 | $200,600 |
| 2016 | $4,797 | $242,400 | $41,800 | $200,600 |
| 2015 | $4,703 | $242,400 | $41,800 | $200,600 |
| 2014 | $4,526 | $242,400 | $41,800 | $200,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/12/2026 03/12/26 | Pending | -- | -- | -- | |
| 03/01/2026 03/01/26 | For Sale | $538,000 | +39.4% | $137 / Sq Ft | |
| 06/24/2021 06/24/21 | Sold | $386,000 | -15.9% | $98 / Sq Ft | View Prior Sale |
| 05/07/2021 05/07/21 | Pending | -- | -- | -- | |
| 03/04/2021 03/04/21 | For Sale | $459,000 | -- | $117 / Sq Ft |
Source: Maine Listings
MLS Number: 1652957
APN: AUGU 00002-0149A-00000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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