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Listed by Andres Serafini • Realty of America LLC

$3,500,000

Est. payment - /mo

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6,121 SqFt

Active

4535 AVONDALE ST Bethesda, MD 20814

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 6,121 sqft

Price per Sqft $571

MLS Listing ID MDMC2239142

Style Contemporary

Abv Grd Liv Area 6,121

Year Built 1950

Available Date 2026-09-08

Annual Tax Amount $38,881

Tax Year 2026

Lot Size 5,451 Sqft

Acres 0.13

Property Sub-Type Quadruplex

Source BRIGHT

Property Description

TROPHY INVESTMENT: Fully Furnished 4-Unit Multifamily | 7.02% Cap Rate | Downtown Bethesda Growth Corridor.
Rare opportunity to acquire 4535 Avondale Street, a turnkey, fully renovated 4-unit luxury residential asset in the heart of Downtown Bethesda. Operating as a highly successful mid-term rental (MTR) catering to corporate relocations, medical professionals (NIH & Walter Reed), and executive housing, this fully furnished property delivers immediate, high-yield cash flow paired with exceptional long-term redevelopment upside.

FINANCIAL & OPERATIONAL HIGHLIGHTS
Turnkey Cash Flow: Generating $23,000–$30,000/month ($324,000 GPI baseline) with a strong 7.02% Cap Rate ($245,770 NOI) at a $3.5M asking price.
Great Occupancy: booked and stabilized, offering immediate income continuity from day one.
The Asset: Four fully furnished luxury 2-bedroom, 2-bathroom residences featuring ductless mini-split cooling, high-efficiency appliances, and only property in the area with 9 assigned off-street parking spaces.

Location

State MD

County Montgomery

Zoning CRN0

Rooms

Basement Other, Unfinished, Rear Entrance, Outside Entrance

Interior

Hot Water Electric

Heating Wall Unit

Cooling Ductless/Mini-Split

Equipment Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric, Icemaker, Water Heater

Fireplace N

Appliance Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric, Icemaker, Water Heater

Heat Source Electric

Exterior

Garage Spaces 9.0

Parking On Site 9

Water Access N

View City

Accessibility 2+ Access Exits, 36\"+ wide Halls

Total Parking Spaces 9

Garage N

Private Pool No

Building

Above Ground Finished SqFt 6121

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade

New Construction N

Schools

Elementary Schools Somerset

Middle Schools Westland

High Schools Bethesda-Chevy Chase

School District Montgomery County Public Schools

Others

Tax ID 160700417604

Ownership Fee Simple

SqFt Source 6121

Security Features Main Entrance Lock,Security System

Special Listing Condition Standard

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4535 AVONDALE ST Bethesda, MD 20814

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Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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4535 AVONDALE ST