518 Riverside Drive, Augusta, ME 04330 (MLS # 1673153)

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.

Last Updated	7/23/2026	Year Built	1843
County	Kennebec

Additional Details

AIR	None
BASEMENT	Exterior Entry, Full, Unfinished, Walk-Out Access, Yes
CONSTRUCTION	Frame, Vinyl Siding
HEAT	Forced Air, Oil
LOT	0.47 acre(s)
LOT DESCRIPTION	Open Lot, Rolling Slope
LOT DIMENSIONS	0.47
MLS STATUS	Active
PARKING	Paved, On Site, Off Street
SEWER	Private Sewer, Septic Tank
STYLE	New Englander
TAXES	2219
UTILITIES	Propane
WATER	Public

Location

 

Contact us about this Property

---