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About the Listing ROALLC1 - 3006964,3086013
Exceptional investment opportunity in the heart of Downtown Bethesda. Situated on a prominent corner lot, 4535 Avondale Street is a fully renovated and fully furnished four-unit multifamily property featuring four luxury 2-bedroom, 2-bathroom residences, each thoughtfully designed and operating as a highly successful mid-term rental catering to corporate relocations, medical professionals, executive housing clients, and extended stay tenants. The property is offered fully turnkey with an established furnished rental operation already in place, generating strong, verifiable income. With a monthly revenue exceeding $23,000+, it presents a rare opportunity to acquire a prime location paired with exceptional, above-market cash flow. Beyond current performance, the asset carries significant long term redevelopment potential. Positioned within the Downtown Bethesda growth corridor and aligned with the Thrive Montgomery 2050 plan and recent county zoning reforms (ZTA 25-02) expanding multi-family density allowances along key corridors, this standalone corner parcel offers a credible path to increased residential density over time. The Washington DC metro multifamily market continues to show sustained renter demand and constrained new supply into 2026, reinforcing rental income durability for investors holding through a redevelopment timeline. This location provides outstanding visibility, accessibility, and flexibility placing residents mere blocks from Bethesda Row, the Bethesda Metro station, premier dining and shopping, major commuter routes, NIH, and Walter Reed. Whether acquired as a stabilized income-producing asset generating above-market yield, or as a strategic land banking investment in one of Montgomery County’s most desirable urban submarkets, 4535 Avondale Street represents a rare dual-thesis opportunity: immediate cash flow paired with meaningful upside from future density and value-add redevelopment.
Listing Highlights
Status
Active
Days on Site
102
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
- Below Ground Sq Ft: n/a
- 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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Questions About..
4535 Avondale St Bethesda, MD 20814
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