518 Riverside Dr, Augusta, ME

Name: 518 Riverside Dr, For Sale in Augusta - eXp Realty
Brand: Pouliot Real Estate
SKU: 1673153
Price: 255000 USD

House

For Sale

Listed price in listed location currency (USD).

$255,000

020

MLS® 1673153

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 1897 sqft

Garage

Taxes $2,219

Days Active 3

Lot Size 0.47 Acres

Approx. Age 1843

Avg. Price Per Sqft $134

MLS® Number 1673153

Property Address: 518 Riverside Dr, Augusta, ME, 04330-3818

Average square foot calculated using Size range provided by listing agent.

Description

Looking to get into real estate investing or offset your mortgage with rental income? This well-maintained two-unit property offers flexibility that's hard to find. Unlike a traditional side-by-side duplex, these apartments are arranged one above the other, providing two spacious living areas with separate entrances. Whether you're looking to owner-occupy one unit while renting the other or add a solid income-producing property to your portfolio, this property is worth a closer look. 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.

MLS® Number1673153

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1843

BasementExterior Entry, Walk-Out Access, Full, Unfinished

Driveway

Garage Spaces

HeatGas Bottled, Oil, Direct Vent Furnace, Forced Air

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 23, 2026List Date

$255,000List Price

Commute

Commute

Starting Address

Destination Address

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