8216 NOLTE AVE Active Save Request In-Person Tour Request Virtual Tour
Silver Spring,MD 20910
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Blair
MLS Listing ID MDMC2178764
Style Other
Year Built 1943
Annual Tax Amount $9,535
Tax Year 2024
Lot Size 0.256 Acres
Property Sub-Type Quadruplex
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. All offers are due by Tuesday, May 13th at 12:00 PM (Noon).
Location
State MD
County Montgomery
Zoning R10
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Exterior
Water Access N
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Montgomery County Public Schools
Others
Acceptable Financing Cash,Conventional,VA,VHDA,FHA,Other
Listing Terms Cash,Conventional,VA,VHDA,FHA,Other
Special Listing Condition Standard