Gaithersburg MD Multi Family for Sale
$1,099,900
301 Central Avenue Gaithersburg, MD 20877
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.99 Acres
- Year built:
- 1920
- Baths:
- MLS#:
- MDMC2156144
ADDITIONAL INFORMATION
Welcome to 301 Central Ave. A rare gem offering incredible versatility in a prime Gaithersburg location near Washington Grove and the MARC train, with Shady Grove Metro just a short drive away. This unique property sits on a picturesque, 1-acre lot and presents endless possibilities: transform it into a grand single-family residence or keep it as an approved 4 unit multifamily building. The main level is the primary residence, featuring expansive living areas, two updated full baths, 2-3 bedrooms, a large enclosed wraparound porch, one full kitchen and one bar with the potential of the bar being converted to a second kitchen. Upstairs, you'll find three fully equipped 1-bedroom, 1-bath apartments, two of which are currently being leased until June 2024. The property boasts a newly paved entrance with parking for 10+ vehicles and stunning park-like grounds perfect for outdoor enjoyment. Whether you're envisioning a spacious single-family home with 5-6 bedrooms and 5 baths, a lucrative multifamily investment, or a combination of both, this property is brimming with potential. Schedule your private tour today! Advance notice required—contact the listing agent for details.
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Gaithersburg Real Estate
The median home value in Gaithersburg, MD is $510,000. This is lower than the county median home value of $556,100. The national median home value is $338,100. The average price of homes sold in Gaithersburg, MD is $510,000. Approximately 46.93% of Gaithersburg homes are owned, compared to 47.28% rented, while 5.8% are vacant. Gaithersburg real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Gaithersburg real estate agent to arrange a tour today!
Gaithersburg, Maryland has a population of 68,827. Gaithersburg is more family-centric than the surrounding county with 38.03% of the households containing married families with children. The county average for households married with children is 37.16%.
The median household income in Gaithersburg, Maryland is $98,089. The median household income for the surrounding county is $117,345 compared to the national median of $69,021. The median age of people living in Gaithersburg is 37.6 years.
Gaithersburg Weather
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 25 degrees. The average rainfall is approximately 42.2 inches per year, with 21.4 inches of snow per year.