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$260,000 Just Listed
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Property Description
Rare Owner-User Opportunity in Old Town Gaithersburg! First-floor, end-unit office condo offering excellent visibility and easy accessibility. Located in a mixed-use building with three stories of residential units above, this suite is well suited for an owner-occupant or investor. The property offers 30 surface parking spaces plus 11 below-level parking spaces. Conveniently located within walking distance of the MARC train station in Old Town Gaithersburg and just minutes from I-270, MD-370, the ICC, and Shady Grove Metro. Ideal for a variety of professional uses, including law firms, medical/healthcare practices, accounting firms, insurance agencies, consulting businesses, and other professional services, subject to applicable zoning and use approvals. Excellent opportunity to own a conveniently located office condo in a highly accessible Montgomery County location.
Full Property Details
Full Property Details for 8 Russell Ave #101
General
- Price: $260,000
- Taxes: $3,260 (2025)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSMidAtlantic
- MLS ID: MDMC2250726
- Updated: 8/10/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Professional
Parking
- Total Spaces: 30
- Parking Type: Parking Lot, Private Garage
Location
- Municipality: City of Gaithersburg
- County: MONTGOMERY
- Building Name: NO. 8 RUSSELL AVE CODM
- Driving Directions: Get in N Summit ave, turn right onto Brookes Ave and turn left onto Russell Ave
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Other
- Building Size: 1086
- Year Built: 1988
- Year Built Source: Estimated
Unit Information
- # Tenants: Single
Lot Features
- Zoning: CBD
Financial Considerations
- Price Per Sq. Ft.: $239.41
- Assessment Year: 2026
- City/TownTax: $597
- City/TownTax Freq: Annually
- County Tax: $2,368
- County Tax Freq: Annually
- Tax w/Assessment: $233,400
- Tax Amount: $3,260
- Tax Year: 2025
Disclosures and Reports
- Ownership: Condominium
Listed by CapStar Properties, Dongqing Zhang
Get Pre-Approved Today
Schools
Schools serving 8 Russell Ave #101
School District:Montgomery County Public Schools, Gaithersburg, MD
| Name | Grades | Distance |
|---|---|---|
Gaithersburg Elementary School 35 North Summit Avenue, Gaithersburg, MD 20877 | PK-5 | 0.3 mi |
Gaithersburg Middle School 2 Teachers Way, Gaithersburg, MD 20877 | 6-8 | 0.5 mi |
Gaithersburg High School 101 Education Boulevard, Gaithersburg, MD 20877 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8 Russell Ave #101
Date
Details
Price
Change
Source
8/10/2026
Listed
$260,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8 Russell Ave #101
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,260
5%
$228,000
2%
2024
$3,099
5%
$222,600
2%
2022
$2,945
8%
$217,200
—
2022
$2,736
-1%
$217,200
—
2018
$2,764
-6%
$217,200
—
2021
$2,938
—
$217,200
—
2020
$2,944
—
$217,200
—
2019
$2,952
-11%
$217,200
-11%
2018
$3,324
-1%
$243,200
—
2017
$3,372
3%
$243,200
—
2016
$3,267
-28%
$243,200
-29%
2015
$4,559
-1%
$342,000
—
2014
$4,620
—
$342,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8 Russell Ave #101
8 Russell Avenue #101, Gaithersburg, MD 20877 (MLS# MDMC2250726) is a Commercial Service property. 8 Russell Avenue #101 is currently listed for $260,000 and was received on August 10, 2026. Want to learn more about 8 Russell Avenue #101? Do you have questions about finding other Commercial Service real estate for sale in Gaithersburg? You can browse all Gaithersburg real estate or contact a Coldwell Banker agent to request more information.

