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About This Home
This 0-bedroom, 0-bathroom residential multi family at 516 Eight Rod Road in Augusta, ME is listed for $538,000 ($137 per sqft). Built in 1982, the home offers 3,936 sqft of living space on a 1.04 acres lot.
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.
Key Features
- Built in 1982
- 1.04 acre lot
Property Details
Monthly Cost Estimate
$2,877/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
516 Eight Rod Road
Augusta, ME 04330
Property Details
Flooring
Construction
Pool Features
Heating
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 516 Eight Rod Road is listed at $538,000 ($137/sqft). The estimated monthly payment is $2,331 based on 20% down at 6.5% interest.
Key features include: Built in 1982, 1.04 acre lot.
This property is listed by Maryea Curtis and can be reached at 2076505434 or Maryea@Maryea.com.
