If you are a forward thinking investor looking for an instant cash flow asset with the long term vision to expand in an ever disappearing property class, this is the property for you! 3 unit Triplex, 11,000 square foot lot and $91,200 in gross income. 746 Thayer, blends historic charm with modern updates just steps to the Metro, shops, and restaurants, boasting a 96 Walk Score. All 3 units are registered rentals with Montgomery County and are fully occupied with strong tenant retention, reflecting consistent management and care. The main level (Unit 1) features 3 bedrooms and 2 baths with a bay window, arched doorways, coved ceilings, a restored original fireplace, hardwood floors, and a sunroom. Unit 2 the upstairs loft, offers 3 bedrooms and 1 bath, while Unit 3 on the lower level provides a 1-bedroom, 1-bath layout. The options are endless, just like the massive lot, live in one unit while the others generate income to offset your mortgage, or continue to lease all three for strong cash flow and long-term ROI or exercise a 1031 exchange for a true turnkey operational asset ready to go. The property includes parking for up to five vehicles and sits on a deep 11,000 sq ft lot with potential for an ADU or future expansion. Opportunities like this combining scale, location, stability, and upside are exceptionally rare. Act quickly.
For sale
Price cut: $50K (6/17)
$1,100,000
746 Thayer Ave, Silver Spring, MD 20910
6beds
--baths
2,788sqft
Triplex
Built in 1922
-- sqft lot
$1,062,900 Zestimate®
$395/sqft
$-- HOA
What's special
Historic charmRestored original fireplaceArched doorwaysCoved ceilingsHardwood floorsModern updatesBay window
- 65 days |
- 583 |
- 43 |
Zillow last checked:
Listing updated:
Listed by:
Nick Dunstan 240-731-5562,
Coldwell Banker Realty - Washington 2023876180
Source: Bright MLS,MLS#: MDMC2223254
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Basement
- Area: 1470
Heating
- Radiator, Natural Gas
Cooling
- Window Unit(s), Electric, Other
Appliances
- Included: Gas Water Heater
Features
- Basement: English
- Number of fireplaces: 1
Interior area
- Total structure area: 3,458
- Total interior livable area: 2,788 sqft
Property
Parking
- Total spaces: 5
- Parking features: Driveway
- Uncovered spaces: 5
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 0.25 Acres
- Features: Backs to Trees, Level
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 161301039321
- Zoning: R60
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Triplex
Materials
- Brick
- Foundation: Slab
Condition
- Very Good
- New construction: No
- Year built: 1922
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Silver Spring
Financial & listing details
- Price per square foot: $395/sqft
- Tax assessed value: $868,800
- Annual tax amount: $10,820
- Date on market: 4/21/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 91200
Estimated market value
$1,062,900
$1.01M - $1.12M
$2,466/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Price change | $1,100,000-4.3%$395/sqft |
Source: | ||
| 4/21/2026 | Listed for sale | $1,150,000+14%$412/sqft |
Source: | ||
| 7/26/2020 | Listing removed | $1,600$1/sqft |
Source: Streamline Management, LLC. #MDMC706112 Report a problem | ||
| 7/14/2020 | Listed for rent | $1,600-44.8%$1/sqft |
Source: Streamline Management, LLC. #MDMC706112 Report a problem | ||
| 4/29/2020 | Sold | $1,009,000+1.1%$362/sqft |
Source: Public Record Report a problem | ||
| 4/24/2020 | Listing removed | $2,900$1/sqft |
Source: Streamline Management, LLC. #MDMC704166 Report a problem | ||
| 4/20/2020 | Listed for rent | $2,900$1/sqft |
Source: Streamline Management, LLC. #MDMC704166 Report a problem | ||
| 3/5/2020 | Pending sale | $998,000$358/sqft |
Source: GO BRENT, INC. #MDMC688398 Report a problem | ||
| 2/20/2020 | Price change | $998,000-13.2%$358/sqft |
Source: GO BRENT, INC. #MDMC688398 Report a problem | ||
| 12/6/2019 | Listed for sale | $1,150,000+64.1%$412/sqft |
Source: GO BRENT, INC. #MDMC688398 Report a problem | ||
| 1/24/2017 | Sold | $701,000$251/sqft |
Source: Public Record Report a problem | ||
| 7/22/2016 | Sold | $701,000+3.9%$251/sqft |
Source: Public Record Report a problem | ||
| 5/21/2016 | Listed for sale | $675,000+3.8%$242/sqft |
Source: Weichert REALTORS #MC9664405 Report a problem | ||
| 5/1/2008 | Listing removed | $650,000$233/sqft |
Source: Postlets #MC6418426 Report a problem | ||
| 4/11/2008 | Listed for sale | $650,000$233/sqft |
Source: Postlets #MC6418426 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,820 +5.7% | $868,800 -2.3% |
| 2024 | $10,241 +4.1% | $889,600 +4.2% |
| 2023 | $9,835 +9% | $853,567 +4.4% |
| 2022 | $9,021 +4.7% | $817,533 +4.6% |
| 2021 | $8,616 +8.9% | $781,500 +9% |
| 2020 | $7,913 +21.9% | $717,233 +21.8% |
| 2019 | $6,492 -0.2% | $588,700 |
| 2018 | $6,503 +3.3% | $588,700 +6.2% |
| 2017 | $6,296 -4.9% | $554,333 +6.6% |
| 2016 | $6,618 | $519,967 +7.1% |
| 2015 | $6,618 | $485,600 |
| 2014 | $6,618 | $485,600 |
| 2013 | -- | $485,600 -3.6% |
| 2012 | -- | $503,900 |
| 2011 | -- | $503,900 |
| 2010 | -- | $503,900 -4.3% |
| 2009 | -- | $526,510 +9.7% |
| 2008 | -- | $480,146 +10.7% |
| 2007 | -- | $433,783 +12% |
| 2006 | -- | $387,420 +15.9% |
| 2005 | -- | $334,352 +18.9% |
| 2004 | -- | $281,286 +23.3% |
| 2003 | -- | $228,220 +5.4% |
| 2002 | -- | $216,436 |
| 2001 | -- | $216,436 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 4/10East Silver Spring Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 8/10Takoma Park Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Montgomery Blair High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- District: Montgomery County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Maryland
- Montgomery County
- Silver Spring
- 20910
- Downtown
- 746 Thayer Ave








