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sales rep | Brivity IDX

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316 Main St , Gaithersburg, MD 20878
$1,195,000
Est. Payment: $6,561.86/mo
1 Bed
4 Bath
4000 Sqft
0.03 Acres
Status: active | Days on site: 116
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TTRS13 - 52408
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House Description

Rare opportunity in the heart of Kentlands! This unique four unit mixed use building offers exceptional potential for passive income in one of Montgomery County's most desirable and walkable communities. Featuring steady long term tenants in the retail spaces and second floor apartment, this property provides immediate income with tremendous upside. Recent high end renovations to the apartment and basement showcase quality finishes and thoughtful design. Live in the top floor residence while enjoying income from the other units, or add this exceptional asset to your investment portfolio. Just steps from Whole Foods, shops, restaurants, and all that Kentlands has to offer, this is truly a rare offering that combines lifestyle and investment potential. Income from day one, with room to grow. The first floor is leased to an established hair salon whose renewal options could extend through 2033, with 2% annual rent increases, a tenant-funded build-out, and two reserved parking spaces. The second floor is leased to a professional office tenant on a flexible month-to-month basis, with property tax increases passed through to the tenant. Tenants pay their own phone, internet, insurance, and interior upkeep; the owner covers gas, water, electric, and major building systems. Additional future income potential from the top-floor residential unit and the lower-level commercial space. Hurry this one will not last!

Highlights

Listed by Elaine S. Koch , 3016415865 TTR Sotheby's International Realty , 3016153000. Bright MLS

Property Type

Townhome

Lot/Acreage
0.03

HOA Fee

181 Monthly

Year Built

2001

County

Montgomery

Neighborhood

Kentlands Midtown

School District

Montgomery County Public Schools

Listing ID

MDMC2242228

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:1
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:1
  • ▪ 1/2 Bathrooms:3
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:4000
Basement:Fully Finished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Garage Capacity:2
Zoning:MXD
Sewer:Public Sewer
Parking Features:Off Street,2+ Spaces,1+ Spaces
Principal Interest
$6,562
Taxes
$1,067
HOA
$181

Home Price

$1,195,000

Loan Details

30 yrs
7.312%

Down Payment

20%
$239,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,561.86

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $6,561.86 $1,067.25 $181.00 $7,810.11
Yearly $78,742.27 $12,807.00 $2,172.00 $93,721.27
Total $2,362,268.19 $384,210.00 $65,160.00 $2,811,638.19
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Gaithersburg, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T05:05:10.000Z

© 2026 Bright MLS