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.
Closed
$520,000
516 Eight Rod Road, Augusta, ME 04330
6beds
3,936sqft
Multi Family
Built in 1982
-- sqft lot
$521,300 Zestimate®
$132/sqft
$-- Estimated rent
Home value
$521,300
$401,000 - $678,000
Not available
Zestimate® history
Owner options
List your home for rent
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Refinance and save
$3,431/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,431/mo
Est. payment
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List your homeWhat's special
Comfortable layoutsUpdated heating systemNew roofClean move-in ready apartments
Zillow last checked:
Listing updated:
Listed by:
The Flaherty Group
Bought with:
The Flaherty Group
Source: Maine Listings,MLS#: 1652957
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Hot Water, Zoned
Cooling
- None
Features
- Flooring: Carpet, Vinyl, Wood, Luxury Vinyl
- Basement: Interior Entry
Interior area
- Total structure area: 3,936
- Total interior livable area: 3,936 sqft
- Finished area above ground: 2,910
- Finished area below ground: 1,026
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Multi/Split
- Patio & porch: Deck, Patio
Lot
- Size: 1.04 Acres
Details
- Zoning: RRES
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Roof: Metal,Shingle
Condition
- Year built: 1982
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water: Private, Well
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Augusta
Financial & listing details
- Price per square foot: $132/sqft
- Annual tax amount: $5,915
- Date on market: 3/1/2026
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Sold | $520,000-3.3%$132/sqft |
Source: | ||
| 3/13/2026 | Pending sale | $538,000$137/sqft |
Source: | ||
| 3/1/2026 | Listed for sale | $538,000+10.9%$137/sqft |
Source: | ||
| 12/16/2023 | Listing removed | -- |
Source: | ||
| 10/15/2023 | Price change | $485,000-2%$123/sqft |
Source: | ||
| 9/26/2023 | Listed for sale | $495,000+28.2%$126/sqft |
Source: | ||
| 6/24/2021 | Sold | $386,000-1%$98/sqft |
Source: | ||
| 5/19/2021 | Contingent | $389,900$99/sqft |
Source: | ||
| 5/7/2021 | Pending sale | $389,900$99/sqft |
Source: | ||
| 5/5/2021 | Listing removed | -- |
Source: | ||
| 4/30/2021 | Price change | $389,900-2.5%$99/sqft |
Source: | ||
| 4/12/2021 | Price change | $399,900-6.8%$102/sqft |
Source: | ||
| 3/26/2021 | Price change | $429,000-2.3%$109/sqft |
Source: | ||
| 3/20/2021 | Price change | $439,000-2.2%$112/sqft |
Source: | ||
| 3/16/2021 | Price change | $449,000-2.2%$114/sqft |
Source: | ||
| 3/4/2021 | Listed for sale | $459,000$117/sqft |
Source: Brookewood Realty #1488219 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 04330
Nearby homes
- $--1 bd1 ba700 sqft516 Eight Rod Rd #4, Augusta, ME 04330Off Market

- $--1 bd1 ba600 sqft516 Eight Rod Rd #3, Augusta, ME 04330Off Market

- $--2 bd1 ba1.2k sqft516 Eight Rod Rd APT 1, Augusta, ME 04330Off Market

- $278,2003 bd1 ba1k sqft504 Eight Rod Rd, Augusta, ME 04330Off Market
- $274,0003 bd1 ba1.2k sqft513 Eight Rod Rd, Augusta, ME 04330Off Market
- $392,3003 bd2 ba2.6k sqft507 Eight Rod Rd, Augusta, ME 04330Off Market
- $354,4003 bd2 ba1.6k sqft519 Eight Rod Rd, Augusta, ME 04330Off Market
- $14,600-- bd-- ba-- sqft530 Eight Rod Rd, Augusta, ME 04330Off Market
Nearby schools
GreatSchools rating
- 4/10Sylvio J Gilbert SchoolGrades: PK-6Distance: 3.3 mi
- 3/10Cony Middle SchoolGrades: 7-8Distance: 4.4 mi
- 4/10Cony High SchoolGrades: 9-12Distance: 4.4 mi
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$521,300
2% more
+$10,426
With Zillow Showcase(estimated)
$531,726
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$521,300
2% more
+$10,426
With Zillow Showcase(estimated)
$531,726
- Maine
- Kennebec County
- Augusta
- 04330
- 516 Eight Rod Road