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408 4TH AVENUE
About This Property
Rarely available, this 1800 sf. charming 3-bedroom, 2-bath Gothic Revival cottage is nestled in Washington Grove, affectionately known as "A Town Within a Forest." Originally built in the 1800s and thoughtfully expanded over the years, the home beautifully preserves its historic character with original yellow pine flooring, exposed wood beams, rich paneling, and a stunning stone fireplace. The kitchen, features granite countertops and stainless-steel appliances, which displays the perfect blend of old and new. The expanded primary bedroom is spacious and bright highlighted by a large bow window. The front porch and woodsy garden create a peaceful space and retreat after work. With its welcoming neighborhood feel and beautiful wooded surroundings, Washington Grove offers a rare sense of escape set among its 241 acres with a freshwater swimming lake, wooded trails and walking paths. Residents also enjoy tennis & pickleball courts, basketball courts, community garden and holiday celebrations and an interwoven atmosphere where neighbors help neighbors all while remaining close to everything Montgomery County has to offer. Commuter alert * Just minutes to the Marc Train, highways and an easy commute to Metro.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2026 | In contract | - | |
| In contract | |||
| Sep 30, 2026 | Listed by Long & Foster Real Estate, Inc. | $497,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Washington Grove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017