This home's estimate is 31.6% higher than the average sale price ($392K) of 6 comparable homes.
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- Property details
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516 Eight Rod Rd, Augusta, ME 04330
About this home
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.
Redfin Estimate
Market trends in 04330, ME
Last updated July 2026
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Sale and tax history for 516 Eight Rod Rd
- Sale History
- Tax History
$132/sq ft
$137/sq ft
$123/sq ft
$126/sq ft
$98/sq ft
$99/sq ft
$102/sq ft
$109/sq ft
$112/sq ft
$114/sq ft
$117/sq ft
$99/sq ft
$102/sq ft
Public record
Property details
Parking
- Parking Information
- Has Garage
- # of Garage Spaces: 2
- Parking Features: 5 - 10 Spaces, Paved, Common, Detached
- Vehicle Storage: 2 Car, Detached
Interior
- Bathroom Information
- # of Baths (Full): 4
- Basement Information
- Basement Entry: Interior, Walk-Out Access, Full
- Interior Features
- Flooring: Wood, Vinyl, Carpet
- Multi-Unit Information
- # of Units Total: 4
- # of 1 Bedroom Units: 2
- # of 2 Bedroom Units: 2
- Operating Expense: $11,413
- Gross Income: $62,820
- Unit 1 Information
- # of Bedrooms: 2
- Actual Rent: $1,270
- Dedicated Gas Meter: No
- Dedicated Water Heater: No
- Electric: No
- Has Heat: Yes
- Level: Basement
- Refrigerator: Yes
- Sewer: Yes
- Water: Yes
- Unit 2 Information
- # of Bedrooms: 1
- Actual Rent: $1,050
- Dedicated Gas Meter: No
- Dedicated Water Heater: No
- Electric: No
- Has Heat: Yes
- Level: First
- Refrigerator: Yes
- Sewer: Yes
- Water: Yes
- Unit 3 Information
- # of Bedrooms: 1
- Actual Rent: $1,050
- Dedicated Gas Meter: No
- Dedicated Water Heater: No
- Electric: No
- Has Heat: Yes
- Level: First
- Refrigerator: Yes
- Sewer: Yes
- Water: Yes
- Unit 4 Information
- # of Bedrooms: 2
- Actual Rent: $1,515
- Dedicated Gas Meter: No
- Dedicated Water Heater: No
- Electric: No
- Has Heat: Yes
- Level: Second
- Refrigerator: Yes
- Sewer: Yes
- Water: Yes
Exterior
- Building Information
- Construction Materials: Wood Siding, Vinyl Siding, Wood Frame
- Foundation Details: Concrete Perimeter
- Roof: Metal, Shingle
- Total Building Area (Sq. Ft.): 3,936
- Exterior Features
- Patio & Porch Features: Deck, Patio
- Property Information
- Year Built: 1982
- Above-Grade Finished Area (Sq. Ft.): 2,910
- Below-Grade Finished Area (Sq. Ft.): 1,026
- Levels: Multi-Level
- Lot Information
- Lot Size (Sq. Ft.): $45,302.40
- Lot Size (Acres): 1.04
- Lot Size Source: Public Records
- Lot Features: Wooded, Near Turnpike/Interstate, Near Town
- Road Surface Type: Paved
- Zoning: RRES
Financial
- Tax Information
- Annual Tax Amount: $5,915
- Tax Year: 2025
Utilities
- Utility Information
- Has Heating
- Heating: Zoned, Hot Water, Baseboard
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Utilities: Utilities On
- Utilities On: Yes
- Water Source: Well, Private
- Water Heater: Off Heating System, Separate Booster
Location
- Location Information
- Unparsed Address: 516 Eight Rod Road, Augusta, ME 04330
Public facts
- Beds: 5
- Baths: 4.0
- Sq. Ft.: 2,910
- Stories: 1.0
- Lot Size: 1.04 acres
- Style: Multi-Family (5+ Unit)
- Year Built: 1982
- Year Renovated: —
- County: Kennebec County
- APN: 694979
Around this home
Schools
Public PreK-6 • Assigned • 3.3mi
Public 7-8 • Assigned • 4.4mi
Public 9-12 • Assigned • 4.4mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 91° expected this year, 15 days in 30 years
13% chance of strong winds in next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
In this area, properties receive around 7.8 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.
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Nearby similar homes
New listings for sale in 04330
Home values near 516 Eight Rod Rd
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1793 Sq. Ft. | $405,177 |
3 Beds | 2 Baths | 1832 Sq. Ft. | $335,447 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 2600 Sq. Ft. | $390,816 |
2 Beds | 1 Baths | 1296 Sq. Ft. | $235,807 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 2155 Sq. Ft. | $442,005 |
3 Beds | 1 Baths | 1040 Sq. Ft. | $262,762 |
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