MLS# MDMC2156142 – 301 Central Avenue, Gaithersburg, MD 20877

$1,099,900 - 5Br/5Ba - for Sale in Gaithersburg Outside, Gaithersburg

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Price: $1,099,900

Beds: 5

Baths: 5

Living Area SqFt: 4,270

Status: Active

Property Type: Single Family Residential

Lot Size Acres: 0.99

Lot Size SqFt: 43,124

Year Built: 1920

Neighborhood: Gaithersburg Outside

Days on Website: 38

Courtesy of Charles Gilroy, Redfin Corp charles.gilroy@redfin.com

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Property Description

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.