NOT LISTED FOR SALE

516 Eight Rod Rd Augusta, ME 04330

5 Beds
4 Baths
3,936 Sq Ft
1.04 Acre Lot

Sale Details

Date Sold: March 27, 2026

Last sale price $520,000 $132 Per Sq Ft

11 Days on Market

Highlights

  • 1.04 Acre Lot
  • Wood Flooring
  • Patio
  • Deck
  • No HOA
  • Zoned Heating

About This Home

As of March 2026

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.

Last Agent to Sell the Property

Maryea Curtis

The Flaherty Group Listed on: 03/01/2026

Last Buyer's Agent

Maryea Curtis

The Flaherty Group Listed on: 03/01/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,915

Year Built

  • Built in 1982

Lot Details

  • 1.04 Acre Lot
  • Property fronts a freeway

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 4 Full Bathrooms
  • Multi-Level Property
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Tile
  • Vinyl

Outdoor Features

  • Deck
  • Patio

Utilities

  • No Cooling
  • Zoned Heating
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,915

Year Built

Built in 1982

Lot Details

1.04 Acres

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.04
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2910.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: Multi-Level
  • Year Built: 1982
  • Contract Information:List PriceSqFt: 184.88
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Location:Location: Near Turnpike/Interstate, Near Town
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry
  • Full Bathrooms: 4
  • Below Grade Sq Ft: 1026.0
  • Flooring: Carpet, Vinyl, Wood, Luxury Vinyl

Exterior Features

  • Waterfront: No
  • Patio And Porch Features: Deck, Patio
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Hot Water, Zoned
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 45302.4
  • Parcel #: AUGU-000002-000149A
  • Zoning: RRES

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 62820.0
  • Annual Operating Expense: 11413.0

Tax Info

  • Tax Annual Amount: 5915.0
  • Tax Lot: 149A
  • Tax Year: 2025
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2026 03/27/26 Sold $520,000 -3.3% $132 / Sq Ft
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

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1652957

Maine Listings

APN: AUGU 00002-0149A-00000

Your Personal Tour Guide

Ask me questions while you tour the home.