518 Riverside DR Augusta, ME 04330
2 Baths
1,897 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,897 sqft
Price per Sqft $134
MLS Listing ID 1673153
Full Baths 2
HOA Y/N No
Year Built 1843
Tax Year 2025
Lot Size 0.470 Acres
Acres 0.47
Source Maine Listings
Land Area 1897
Property Description
An added bonus is the home's versatility. With its layout, the property could be converted back into a single-family home with relative ease, giving future owners additional options as their needs change.
Each unit features bright living spaces, two comfortable bedrooms, functional kitchens, and the convenience of its own washer and dryer hookups. Each unit also offers its own heating source and own electric meter allowing for heat and electricity to be paid for by tenants should you desire. The property generates an estimated gross annual rental income of $31,200 with estimated annual operating expenses of $10,938, making it an attractive opportunity.
Outside, you'll find ample parking and a manageable yard that's easy to maintain while still offering space to relax or garden. The asphalt roof, vinyl siding and vinyl window provides for ease of maintenance, plus the convenient location puts shopping, schools, and major commuting routes just a short distance away. In addition, the basement is easily accessed from an exterior door making storage a breeze.
Whether you're looking to build equity through rental income, expand your investment portfolio, or own a home with built-in flexibility for the future, this property checks all the boxes. Schedule your private showing today before this opportunity is gone.
Location
State ME
County Kennebec
Zoning PD2
Rooms
Basement Exterior Entry, Walk-Out Access, Full, Unfinished
Interior
Heating Gas Bottled, Oil, Direct Vent Furnace, Forced Air
Cooling None
Flooring Laminate, Tile, Wood, Luxury Vinyl
Equipment Internet Access Available
Laundry Washer Hookup
Exterior
Parking Features Paved, 1 - 4 Spaces, On Site, Off Street
Roof Type Shingle
Porch Deck
Garage No
Building
Lot Description Near Town, Open Lot, Rolling Slope
Water Public
Architectural Style New Englander
Others
Tax ID 518RiversideDriveAugusta04330
