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$789,500
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Property Description
Offered below appraised value an exceptional opportunity for buyers to gain immediate equity. Don't miss this competitively priced home with strong value potential! Turn-Key 2-Unit Investment Opportunity - Zoned R10 | Takoma Park Fully renovated 2-unit multi-family property offering immediate income potential and long-term upside. Zoned R10, providing flexibility for future conversion or expansion. Unit 1: Spacious 2-level layout with 4 bedrooms and 3 full bathrooms featuring hardwood floors, updated kitchen and baths, and efficient ductless heat pumps. Unit 2: Private 1-bedroom, 1-bath lower-level unit with kitchenette, separate entrance, walk-out access, and shared laundry. Situated on a large lot in prime Takoma Park location just minutes to shops, dining, parks, and transit. Ideal for investor, 1031 exchange buyer, or owner-occupant seeking rental offset. Strong rental configuration with versatile layout and updated systems-move-in ready and income-producing from day one. Located within minutes of Takoma Park's shops, dining, parks, and transit options, offering both convenience and community.
Full Property Details
Full Property Details for 8203 Greenwood Ave
General
- Sold For: $789,500
- Taxes: $7,528 (2025)
- Status: Closed
- Type: Single Family
- Source: BrightMLSMidAtlantic
- MLS ID: MDMC2218450
- Added to Site: 220 day(s) ago
Interior
- Number of Rooms: 16
- Interior Features: Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Kitchen - Eat-In, Primary Bath(s), Recessed Lighting, Upgraded Countertops, 2nd Kitchen
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: ENERGY STAR Refrigerator, ENERGY STAR Dishwasher, ENERGY STAR Clothes Washer, Oven/Range - Electric, Range Hood, Stainless Steel Appliances, Stove, Washer, Water Heater - High-Efficiency, Dryer - Electric, Dishwasher
- Flooring: Ceramic Tile, Hardwood, Luxury Vinyl Plank
Exterior
- Exterior Features: Stone Retaining Walls
- Porch/Patio/Deck: Deck(s)
Parking
- Parking Type: Driveway, Off Street
Location
- County: MONTGOMERY
- Subdivision: WHEATON OUT RES. (1)
- Driving Directions: GPS
School Information
- School District: Montgomery County Public Schools
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Ductless/Mini-Split, Zoned
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Available
Structural Information
- Architectural Style: Traditional
- Structure Type: Detached
- Construction: Brick
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Combination, Daylight, Full, Fully Finished, Heated, Outside Entrance, Rear Entrance, Walkout Level, Windows
- Foundation: Block, Brick/Mortar, Slab
- Roof: Asphalt, Shingle
- Stories/Levels: 3
- Square Feet: 2,428
- Sq. Ft. Source: Assessor
- Living Area: 2,333 Sq. Ft.
- Finished Above Grnd: 1,503 Sq. Ft.
- Finished Below Grnd: 830 Sq. Ft.
- Year Built: 1937
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
- Other Units: Unit 1, Unit 2
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,175
- Lot Size Source: Assessor
- Zoning: R10
- Lot Description: Landscaping, Open
Financial Considerations
- Price Per Sq. Ft.: $548.9
- Assessment Year: 2026
- City/TownTax Freq: Annually
- County Tax: $5,577
- County Tax Freq: Annually
- Tax w/Assessment: $539,933
- Tax Amount: $7,528
- Tax Year: 2025
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2333
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 11
Listed by Stewart Real Estate, LLC, Matthew K McLeod
Sold by Compass, Brian Myles
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Schools
Schools serving 8203 Greenwood Ave
School District:Montgomery County Public Schools, Gaithersburg, MD
| Name | Grades | Distance |
|---|---|---|
Rolling Terrace Elementary School 705 Bayfield Street, Takoma Park, MD 20912 | PK-5 | 0.3 mi |
Silver Spring International Middle School 313 Wayne Ave, Silver Spring, MD 20910 | 6-8 | 1 mi |
Montgomery Blair High School 51 University Boulevard East, Silver Spring, MD 20901 | 9-12 | 1.9 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 8203 Greenwood Ave
Date
Details
Price
Change
Source
9/14/2026
Sold
$789,500
-4.3%
MLS
3/27/2026
Price Reduced
$825,000
-2.94%
MLS
2/24/2026
Listed
$849,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8203 Greenwood Avenue, Takoma Park, MD 20912 (MLS# MDMC2218450) is a Single Family property that was sold at $789,500 on September 14, 2026. Want to learn more about 8203 Greenwood Avenue? Do you have questions about finding other Single Family real estate for sale in Takoma Park? You can browse all Takoma Park real estate or contact a Coldwell Banker agent to request more information.

