$825,000
UNDER CONTRACT

Estimated payment $5,191/month

Total Views 3,247
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Galley Kitchen
  • Forced Air Heating and Cooling System
  • Walk-Up Access
  • Takoma Park Middle School Rated A

About This Home

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.

Listing Agent

Alexi Faraco

United Real Estate License #WVS230302998 Listed on: 05/02/2025

United Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,535

Year Built

  • Built in 1943

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Asphalt Roof

Basement

  • Walk-Up Access
  • Side Basement Entry

Utilities

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

Additional Features

  • Galley Kitchen
  • 0.26 Acre 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

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
  • Remarks Public: 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.
  • Special Features: UnderContract

Interior Features

  • Interior Amenities: Kitchen - Galley
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Side Entrance, Walkout Stairs
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8216

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: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • School District Key: 121138126809
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: M
  • Lot Size Acres: 0.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11143.00
  • Year Assessed: 2025
  • 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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 For Sale $825,000 0.0% --
05/02/2025 05/02/25 For Sale $825,000 -- --
Source: Bright MLS

Source: Bright MLS

MLS Number: MDMC2178764

Bright MLS