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4535 Avondale St, Bethesda, MD 20814

$3,500,000
: 6,121
SqFt

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List Price: $3,500,000
Days on Market: 31
Status: ACTIVE
MLS#: MDMC2239142
Living Area: 6,121
Lot Size (Acres): 0.13
Style: Contemporary
Year Built: 1950
County: Montgomery
School District: Montgomery County Public Schools

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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.

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Additional Information

School District: Montgomery County Public Schools
Elementary School: Somerset
Middle School: Westland
High School: Bethesda-Chevy Chase
View: City
Heating: Wall Furnace
Cooling: Ductless Mini-Split
Water: Public
Sewer: Public Sewer
Basement: Other, Unfinished, Exterior Entry, Exterior Entry