301 Central Ave, Gaithersburg, MD 20877

Welcome to 301 Central Avenue — a rare and versatile gem in the heart of Gaithersburg, ideally located near Washington Grove and just minutes from the MARC Train and Shady Grove Metro. Set on a beautifully landscaped 1-acre lot, this unique property offers endless possibilities: create a stunning single-family estate or take advantage of its existing approval as a 4-unit multifamily building. The main level functions as the primary residence and features expansive living spaces, two updated full baths, 2–3 bedrooms, a large enclosed wraparound porch, a full kitchen, and a bar area with potential to convert into a second kitchen. Upstairs, you'll find three fully equipped 1-bedroom, 1-bath apartments — two of which are currently leased through June 2024 — offering excellent income potential. The property also boasts a newly paved driveway with parking for 10+ vehicles and serene, park-like grounds perfect for outdoor living. Whether you're looking for a spacious home with 5–6 bedrooms and 5 baths, a profitable investment opportunity, or a creative blend of both, 301 Central Ave is full of potential. Private tours by appointment only — please contact the listing agent to schedule.