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Under contract
  • $825,000

    8216 Nolte Ave, Silver Spring, MD 20910

    7beds
    --sqft
    : 
    Single Family Residence
    Built in 1943
    0.26 Acres Lot
    $808,400 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    All-brick colonialCoveted corner lotSpacious lotCorner lotCorner lot gemBrand new carpet
    Welcome to 8216 Nolte Avenue, an extraordinary investment opportunity located in one of Silver Spring’s most desirable neighborhoods. A rare find in today’s market, this fully detached, all-brick Colonial is a four-unit multifamily building situated on a coveted corner lot—positioned to command both exceptional attention and value. This property is an investor’s dream, offering immediate cash flow and unmatched potential for those looking to maximize returns in one of Montgomery County’s most sought-after areas. With each of the four units in a single legal structure, the building streamlines ownership, simplifying management and maximizing operational efficiency. Best of all — there is NO HOA, offering complete freedom and flexibility for owners without the burden of additional monthly fees or restrictions. Having undergone recent upgrades, including brand new carpet, fresh padding, and tacks—this property is move-in ready for tenants or positioned for minimal capital improvements, giving you the freedom to scale quickly. Beyond its impeccable structure, the corner lot delivers a generous backyard with mature trees, adding a rare outdoor oasis in a multifamily property. Whether for tenant enjoyment or future development potential (subject to zoning approvals), the spacious lot offers multiple opportunities for value creation. Strategically located just moments from downtown Silver Spring, this property is perfectly positioned to benefit from the area’s strong rental demand, access to the Metro, and proximity to the DC line. The location is not only ideal for tenants but ensures steady long-term appreciation in a fast-growing market. This income-generating asset is being offered strictly as-is, giving the discerning investor the opportunity to add their personal touch or leverage the building’s existing high-quality fundamentals for maximum returns. An opportunity like this doesn’t come often—take advantage of this corner lot gem in one of the DMV’s hottest real estate markets.
    36 days
    on Zillow
    |
    586
    |
    12
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 22, 2025 at 12:28pm

    Listed by:

    Alexi Faraco 703-777-4337,

    United Real Estate 7036653544

    Source: Bright MLS,MLS#: MDMC2178750MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    • Full bathrooms: 5
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Basement
    • Area: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Natural Gas
    Appliances
    • Included: Gas Water Heater
    Features
    • Kitchen - Galley
    • Basement: Side Entrance,Walk-Out Access
    • Has fireplace: No
    Interior area
    • Total structure area: 0
    • Finished area above ground: 0
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: None
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    Lot
    • Size: 0.26 Acres
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 161300990341
    • Zoning: R10
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence
    Materials
    • Brick
    • Foundation: Other
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1943

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Blair
    HOA
    • Has HOA: No
    Location
    • Region: Silver Spring

    Financial & listing details

    • Tax assessed value: $731,933
    • Annual tax amount: $9,535
    • Date on market: 5/22/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,VA Loan,VHDA,FHA,Other
    • Ownership: Fee Simple
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