Silver Spring, MD 20910,8216 NOLTE AVE
Silver Spring, MD 20910,8216 NOLTE AVE
Silver Spring, MD 20910,8216 NOLTE AVE
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Listed by Alexi Faraco Jr. • United Real Estate
$825,000
Est. payment /mo
7 Beds
5 Baths
0.26 Acres Lot
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Blair

MLS Listing ID MDMC2178750

Style Other

Bedrooms 7

Full Baths 5

HOA Y/N N

Originating Board BRIGHT

Year Built 1943

Annual Tax Amount $9,535

Tax Year 2024

Lot Size 0.256 Acres

Acres 0.26

Property Description

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.

Location

State MD

County Montgomery

Zoning R10

Rooms

Basement Side Entrance, Walkout Stairs

Main Level Bedrooms 2

Interior

Interior Features Kitchen - Galley

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Asphalt

Accessibility None

Garage N

Building

Story 1

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories 1

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Montgomery County Public Schools

Others

Senior Community No

Tax ID 161300990341

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, VA, VHDA, FHA, Other

Listing Terms Cash, Conventional, VA, VHDA, FHA, Other

Financing Cash,Conventional,VA,VHDA,FHA,Other

Special Listing Condition Standard


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Bright MLS (BMLS)
agent
John Coleman

REALTOR® | OWNER | License ID: SP98375761

+1(202) 427-9689 | john@colemanresidential.com

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