NOT LISTED FOR SALE
Studio
1 Bath
-- Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: November 20, 2025

Last sale price $842,000 $0 Per Sq Ft

13 Days on Market

Highlights

  • Galley Kitchen
  • East Silver Spring Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of November 2025

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.

Last Agent to Sell the Property

Alexi Faraco

(301) 445-1395 alexfaraco@gmail.com Smart Realty, LLC License #WVS230302998 Listed on: 05/02/2025

Smart Realty, LLC

Last Buyer's Agent

Myrtis Brown

(240) 475-3860 admin@myrtisbrown.com Anchor Realty International License #SP40003091

Anchor Realty International

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,535

Year Built

  • Built in 1943

Lot Details

  • 0.26

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Asphalt Roof

Basement

  • Walk-Out Basement
  • Side Basement Entry

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Galley Kitchen
  • 11,143 Sq Ft Lot

Community Details

  • 4 Units
  • 8216 Nolte Community
  • Blair Subdivision

Listing and Financial Details

  • Tax Lot P12
  • Assessor Parcel Number 161300990341

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,535

Year Built

Built in 1943

Lot Details

0.26 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1943
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Interior Amenities: Kitchen - Galley
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Side Entrance, Walkout Stairs
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 997.28
  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11143.00
  • Zoning: R10
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9535.00
  • Assessor Parcel Number: 161300990341
  • Tax Lot: P12
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2025
Closed on
Nov 6, 2025
Sold by
Bought by
Seller's Agent
Alexi Faraco
Smart Realty, LLC
Buyer's Agent
Myrtis Brown
Anchor Realty International
List Price
$825,000
Sold Price
$842,000
Premium/Discount to List
$17,000
2.06%
Views
104

Purchase Details

Closed on
Apr 20, 2022
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 2019
Sold by
Bought by

Purchase Details

Closed on
Jan 8, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
0.0614%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2000
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 1994
Sold by
Bought by

Purchase Details

Closed on
Oct 4, 1993
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$842,000 First American Title
-- --
-- None Available
$640,000 --
$265,000 --
$214,000 --
$140,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $128,000
Closed $512,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/20/2025 11/20/25 Sold $842,000 +2.1% --
05/15/2025 05/15/25 Pending -- -- --
05/02/2025 05/02/25 For Sale $825,000 -- --
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,142 $731,933 -- --
2024 $9,535 $706,800 $592,000 $114,800
2023 $9,150 $679,767 $0 $0
2022 $8,453 $652,733 $0 $0
2021 $7,971 $625,700 $592,000 $33,700
2020 $15,579 $617,133 $0 $0
2019 $7,642 $608,567 $0 $0
2018 $6,834 $600,000 $563,800 $36,200
2017 $7,829 $600,000 $0 $0
2016 $6,720 $663,367 $0 $0
2015 $6,720 $662,400 $0 $0
2014 $6,720 $651,033 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDMC2178764

Bright MLS
Your Personal Tour Guide

Ask me questions while you tour the home.