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About the Listing ROALLC1 - 3006964,3086013
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.
Listing Highlights for 4535 Avondale St
Status
Active
Days on Site
154
Property Type
Multi-Family
MLS ®
MDMC2239142
Year Built
1950
Total Square Footage
6,121
Lot/Acreage
0.13
County
Montgomery
School District
Montgomery County Public Schools
Elementary School
Somerset
Middle School
Westland
High School
Bethesda-Chevy Chase
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric, Icemaker, Water Heater
- Air Cond: Ductless/Mini-Split
- Heating: Wall Unit
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 6121
- Basement: Unfinished,Rear Entrance,Outside Entrance
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 9
- Zoning: CRN0
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Assigned,Off Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $38,881
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Listing Location
Questions About..
4535 Avondale St Bethesda, MD 20814
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