Movoto Real Estate
Sold on 03/27/2026
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516 Eight Rod Rd, Augusta, ME 04330

$520,000

Last sold 03/27/2026 after 54 Days

  • 4

    bed

  • 4

    bath

  • 3,936

    Sqft ($132/Sqft)

Multi-family not for sale

About 516 Eight Rod Rd

Property type Multi-family
Year built 1982
HOA fee $0/month
Lot size 1.04 Acre
Movoto estimate
Parking 2 garage spaces
Property 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, 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
Listing Agent - Maryea Curtis
Listing Office - The Flaherty Group
Source: MREIS mls logo
MLS#1652957 • last updated 6 months ago
Movoto checked MREIS for data 16 minutes ago
Overview
Heating Baseboard, Hot Water, Zoned
Levels/Style Multi-Level, Other
MLS # 1652957
SqFt 3936
Status Closed
Lot Size (Acres) 1.04
Lot Size (Sqft) 45302.4
Property Tax 5915
Year Built 1982
Interior
Total # of Bathrooms 4
# Full Baths 4
Flooring Carpet, Vinyl, Wood, Luxury Vinyl
Exterior
Patio/ Porch Deck, Patio
Amenities / Utilities
Water Source Private, Well
Location
Zoning RRES
Multifamily Details
Total # Of Units 4
Operating Expense 11413
Gross Income 62820
$524K
Range: $482K-$565K
Last 30 days 
  • Mar 2026
    mls logo MLS # 1652957
  • Mar 29, 2026 Sold
    $520,000
  • Mar 13, 2026 Pending
    —
  • Mar 1, 2026 Listed
    $538,000
  • Feb 1, 2026 Listed
    $538,000 (+8.7%)
  • Mar 2026
    Public Records
  • Mar 27, 2026 Sold
    $520,000 (-3.3%)
  • Feb 2024
    mls logo MLS # 1573068
  • Feb 23, 2024 Expired
    —
  • Sep 25, 2023 Listed
    $495,000 (+2.1%)
  • Sep 22, 2023 Listed
    $485,000 (+25.6%)
  • Mar 2022
    mls logo MLS # 1488219
  • Mar 5, 2022 Expired
    —
  • May 7, 2021 Pending Continue To Show
    —
  • May 5, 2021 Pending
    —
  • Apr 30, 2021 Price Change
    $389,900 (-2.5%)
  • Apr 19, 2021 Listed
    $399,900
  • Jun 2021
    mls logo MLS # 1483485
  • Jun 24, 2021 Sold
    $386,000 (-1.0%)
  • May 7, 2021 Pending Continue To Show
    —
  • May 5, 2021 Pending
    —
  • Apr 12, 2021 Price Change
    $399,900 (-6.8%)
  • Mar 26, 2021 Price Change
    $429,000 (-2.3%)
  • Mar 20, 2021 Price Change
    $439,000 (-2.2%)
  • Mar 16, 2021 Price Change
    $449,000 (-2.2%)
  • Mar 4, 2021 Listed
    $459,000
  • Year Property taxes Tax assessment
  • 2025
    $5,915 +2.5%
    $242,400
  • 2024
    $5,769 +3.6%
    $242,400
  • 2023
    $5,566 +4.8%
    $242,400
  • 2022
    $5,313 +4.7%
    $242,400
  • 2021
    $5,076
    $242,400
  • 2020
    $5,076
    $242,400
  • 516 Eight Rod Rd
    $520K
  • —
  • 04330
    $530K +78% y/y
  • Augusta
    $309K +6% y/y
No chart available
Statistics calculated by Movoto

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3/10
3/10
Source: GreatSchools.org © 2026. All rights reserved.

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  • 516 Eight Rod Rd
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