$3,500,000
 $18,789 est/mo Sourced by Back At You

4535 Avondale St,BETHESDA, MD 20814

BETHESDA, MD 20814

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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 HIGHLIGHTSTurnkey 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.

Details

MLS #MDMC2239142
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1950
Days On Site128
Listing Provided ByRealty of America LLC | Andres A Serafini

Features

SQ Feet6,121
BasementY
Units4
ZoningCRN0
Acreage0.13
Property ViewCity

Interior

CoolingDuctless/Mini-Split
Heating Yes / NoYes
HeatingWall Unit
AppliancesBuilt-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric, Icemaker, Water Heater

Exterior

Security FeaturesMain Entrance Lock, Security System
Construction MaterialsBrick

Parking

Garage Yes / NoNo
Parking FeaturesAssigned

Taxes

Tax Annual Amount38881

Area Information

StateMD
CountyMONTGOMERY MD
CityBETHESDA
Zip Code20814
AreaMONTGOMERY MD
School DistrictMONTGOMERY COUNTY PUBLIC SCHOOLS
Elementary SchoolSOMERSET
High SchoolBETHESDA-CHEVY CHASE
Listing VS Median (in 20814)
Price:
$3,500,000
low | high
Med:
$215,000
100% of Average
sqft:
6,121
low | high
Med:
786
100% of Average
$ / sqft:
$572
low | high
Med:
$274
100% of Average
On site:
128
low | high
Med:
84
100% of Average
Sourced by Back At You

Market Activity 20814

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Learn More About This Property

Lori Willis

Lori Willis

Century 21 Gold Key Realty

 (410) 708-1277loriwillis@c21gk.com
StateMD
CountyMONTGOMERY MD
CityBETHESDA
Zip Code20814
AreaMONTGOMERY MD
School DistrictMONTGOMERY COUNTY PUBLIC SCHOOLS
Elementary SchoolSOMERSET
High SchoolBETHESDA-CHEVY CHASE
Listing VS Median (in 20814)
Price:
$3,500,000
low | high
Med:
$215,000
100% of Average
sqft:
6,121
low | high
Med:
786
100% of Average
$ / sqft:
$572
low | high
Med:
$274
100% of Average
On site:
128
low | high
Med:
84
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.625M - $4.375M
sqft: 4,500 - 7,500
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$3,499,999
5015 Elm St
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8015 GLENBROOK RD Property Photo 1
$2,999,000
8015 Glenbrook Rd
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Listing Updated: October 8, 2026 at 3:19:58 PM PDT