- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
$3,500,000
Monthly Est:$17,421
-- Bed
-- Bath
6,121sqft
4535 Avondale St, Bethesda, MD 20814
$3,500,000
$17,421/moEst:
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Quadruplex
Built in 1950
$-- HOA
5,451 sqft lot
$572/sq.ft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: October 5, 2026 at 2:11 pm
- Listing Provided by: Andres A Serafini (240) 418-8899 , Yassmine Niktash (240) 449-9377 | Realty of America LLC (301) 798-9298
- Source: Bright MLS-NJ | MLS#: MDMC2239142
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
6,121 sqft
Lot Size
5,451 sqft lot
Basement Area
- sqft
MLS Name
Bright MLS
MLS Number
MDMC2239142
MLS Status
ACTIVE-BRIGHT
Days on Market
28
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Public Sewer
Heating
Wall Unit
Cooling
Ductless/mini Split
Appliances
Built In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/range Electric, Icemaker, Water Heater
Construction
Year Built
Year Built: 1950
Home type
Quadruplex
Construction Materials
Brick
Architectural Style
Contemporary
Utilities & Energy
Water Source
Public
Basement
Other, Unfinished, Rear Entrance, Outside Entrance
Parking Features
Assigned
Security Features
Main Entrance Lock, Security System
Price History
| Date | Event | Price |
|---|---|---|
09/08/2026 Source: | Listed for Sale | $3,500,000 +7.69% $572/sqft |
02/02/2026 Source: | Off Market | $3,250,000 $531/sqft |
11/08/2024 Source: | Listed for Sale | $3,250,000 +185.09% $531/sqft |
03/27/2020 Source: | Sold | $1,140,000 $186/sqft |
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