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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.
| DAYS ON MARKET | 54 | LAST UPDATED | 1/7/2025 |
|---|---|---|---|
| TRACT | GAITHERSBURG OUTSIDE | YEAR BUILT | 1920 |
| COUNTY | MONTGOMERY | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | MONTGOMERY COUNTY PUBLIC SCHOOLS |
|---|
| PRICE HISTORY | |
| Prior to Jan 7, '25 | $1,099,900 |
|---|---|
| Jan 7, '25 - Today | $999,900 |
| ADDITIONAL DETAILS | |
| CONSTRUCTION | Frame |
|---|---|
| FIREPLACE | Yes |
| LOT | 0.99 acre(s) |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Farmhouse/National Folk |
| SUBDIVISION | GAITHERSBURG OUTSIDE |
| TAXES | 6327 |
| WATER | Well, Private |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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