Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Realty
Property view
Listing view 2
Listing view 3

516 Eight Rod Road, 
Augusta, ME 04330

$538,000


Bed


4

Baths


3,936

Sq Ft


Multi-Family

Active

Listed by

Maryea Curtis

The Flaherty Group

Last updated:

March 1, 2026, 05:00 PM

MLS#

1652957

Source:

ME MREIS

About This Home

516 Eight Rod Road

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.

Home Facts

Multi-Family

4 Baths

Built in 1982

Price Summary

538,000

$136 per Sq. Ft.

MLS #:

1652957

Last Updated:

March 1, 2026, 05:00 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

3,936 Sq. Ft.


Structure

Structure

Building Area:

3,936 Sq. Ft.

Year Built:

1982


Lot

Lot Size (Sq. Ft):

45,302


Finances & Disclosures

Finances

Price:

$538,000

Price per Sq. Ft:

$136 per Sq. Ft.

MLS Logo
MREIS Multiple Listing Service™ systemListing data is derived in whole or in part from the Maine IDX & 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

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.