About this home

Stop paying rent to a landlord! Pay yourself rent. Perfect home for the self employed. You can't beat the commute. Home and work, all in one! Discover a rare hybrid residential-professional property offering exceptional flexibility and long-term value. Set on a full acre along Route 108-one of Olney's primary corridors-this unique property combines comfortable living space with a purpose-built professional office, providing visibility, functionality, and versatility seldom found in a residential setting. This property allows an owner-occupant to operate a professional business on-site, while residing in the home, with the ability to pay oneself rent rather than paying rent to a third party. The property includes approximately 3,526 square feet of finished residential living space, plus an attached professional office suite of approximately 1,710 square feet, originally constructed by the owner and successfully used for medical and healthcare practices for decades. A 1993 expansion thoughtfully integrated both components, creating a cohesive and well-designed layout. The property currently holds a transferable Use Permit for a Home Healthcare Practitioner. However, under Montgomery County Zoning Ordinance Chapter 59, a clinic with up to four medical or dental practitioners may be permitted for conditional use upon approval by the Hearing Examiner. The professional office suite space is presently configured for a Chiropractic practice and features ample parking, a large reception area, administrative office space, five private patient rooms, and a secondary administrative area, offering adaptability for a variety of medical, wellness, or other professional uses. And although zoned residential, the property allows a wide range of uses by right. A mother-in-law suit could also be configured in this space as it is on the ground level. The residential portion of the home is beautifully maintained and offers four spacious bedrooms, each with its own en suite bathroom, along with a living room that includes a fireplace, an exceptionally large formal dining room, a butler's pantry/bar area, and a spacious kitchen open to a breakfast area and family room. Recessed lighting enhances the living spaces, while sliding glass doors lead to a private, fenced rear patio and a generous backyard-ideal for outdoor entertaining and relaxation. One upstairs bedroom-ideal as a primary suite-features a cathedral ceiling, while the primary suite on the main level includes a separate private office with serene views of the surrounding woods. A two-car garage with interior access adds everyday convenience. This property is ideal for operating a professional practice on-site, living and working in one location, or leasing the residential and office components separately and presents a compelling opportunity to build equity in owned real estate. Although this property sits on a quiet wooded lot in central Olney, within just a couple of minutes is Montgomery Medstar Hospital, the Olney Theater, Good Council High School and a variety of Strip malls and Shopping centers, Restaurants and Cafes (ranging from casual to sit-down favorites), as well as other Services and Offices, all offering much sought after unique amenities.

Facts and features

Schools

• Brooke Grove Elementary School

  elementary · K-5 · 0.5 mi

  5

• William H. Farquhar Middle School

  middle · 6-8 · 1.2 mi

  9

• Sherwood High School

  high · 9-12 · 1.9 mi

  7

• St Peter's School

  elementary · K-8 · 0.3 mi

• Julia Brown Schools

  elementary · K-3 · 0.7 mi

• Olney Elementary School

  elementary · K-5 · 0.7 mi

  7

Price history

• Sep 7, 2026 · Listed$1,390,000
• Jun 28, 2026 · Listing Removed—
• May 2, 2026 · Price Changed$1,390,000
• Jan 25, 2026 · Relisted$1,450,000
• Jan 10, 2026 · Listing Removed—
• Jan 9, 2026 · Relisted$1,500,000
• Dec 12, 2025 · Listing Removed—
• Oct 28, 2025 · Relisted$1,500,000

Tax history

• 2026$9,474 tax · $745,900 assessed
• 2025$8,723 tax · $745,900 assessed
• 2024$8,615 tax · $745,900 assessed
• 2023$10,356 tax · $780,500 assessed
• 2022$7,987 tax · $727,933 assessed
• 2021$7,339 tax · $675,367 assessed
• 2020$6,724 tax · $622,800 assessed
• 2019$6,642 tax · $617,433 assessed

Home value

$1,369,500

• Cotality$1,369,500
• Quantarium$1,394,033
• Collateral Analytics$1,166,000

Where it is