About This Home

This 3-bedroom, 2-bathroom single family at 403 E DIAMOND Avenue in Gaithersburg, MD is listed for $690,840 ($260 per sqft). Built in 1899, the home offers 2,652 sqft of living space on a 0.25 acres lot.

Key Features

  • Built in 1899
  • 0.25 acre lot
  • 2 stories

Property Details

2 stories
1 full, 1 half
1899
Listing Description

PRIME OLDE TOWNE GAITHERSBURG - INVESTMENT & REDEVELOPMENT OPPORTUNITY! Excellent opportunity in the heart of Historic Olde Towne! Located at 403 E Diamond Ave, this two-story residential/commercial property features 3 bedrooms, 2 bathrooms, a den, living room, and approximately 6 parking spaces.

Property requires complete renovation and is sold STRICTLY AS-IS. REDEVELOPMENT POTENTIAL! According to the seller, the Historic Preservation Board determined that the building is not historically protected and that demolition is at the owner's discretion, subject to applicable City requirements and permits.

Prime location within walking distance of restaurants, shops, Olde Towne Plaza, and the MARC train station. The City has identified Olde Towne for revitalization and streetscape improvements, adding to the area's appeal. IMPORTANT: Buyer is responsible for all due diligence and must independently verify zoning, permitted residential/commercial uses

, parking, Historic Preservation Board findings, demolition requirements, and redevelopment possibilities directly with the City of Gaithersburg. All uses and improvements are subject to required approvals. Information is deemed reliable but not guaranteed.

PHOTO DISCLOSURE: Photos include actual property conditions and digitally enhanced renderings showing potential improvements such as painting, new windows, and lighting. Images are presented back-to-back for comparison. Renderings are illustrative only and do not reflect current conditions. BRING YOUR VISION AND EXPLORE THE POSSIBILITIES!

Monthly Cost Estimate

$3,695/mo

20% down · 6.5% · 30 years

Principal$500
Interest$2,994
Insurance$201

Estimates only. Actual payments may vary.

Location

403 E DIAMOND Avenue

Gaithersburg, MD 20877

DEER PARK

Property Details

Parking

OffsiteDrivewayParking Lot

Questions & Answers

This 3-bedroom, 2-bathroom single family at 403 E DIAMOND Avenue is listed at $690,840 ($260/sqft). The estimated monthly payment is $3,694 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1899, 0.25 acre lot, 2 stories.

This property is listed by Daniel J. Demers.

DD

Daniel J. Demers

License 5004796

Agent at Sell Your Home Services

Listed by Sell Your Home Services · Broker phone: (508) 952-0541 · View on Broker Site · Broker website

MLS# MDMC2261366· Source: Bright MLS· 5 days on PropertySimple

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

403 E DIAMOND Avenue, Gaithersburg, MD 20877

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