4535 Avondale St, Bethesda, MD 20814

Bethesda
Local realty services provided by:ERA Liberty Realty
4535 Avondale St,Bethesda, MD 20814
$3,500,000
  • 8 Beds
  • - Baths
  • 6,121 sq. ft.
  • Multi-family
  • Active
Listed by: andres a serafini, yassmine niktash
Office: realty of america llc.
MLS#:MDMC2239142
Source:BRIGHTMLS

Price summary

  • Price:$3,500,000
  • Price per sq. ft.:$571.8

About this home

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...

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Home facts

  • Year built:1950
  • Listing ID #:MDMC2239142
  • Added:140 day(s) ago
  • Updated:October 29, 2026 at 02:17 PM

Rooms and interior

  • Bedrooms:8
  • Kitchen Description:Built-In Microwave, Dishwasher, Disposal, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Water Heater
  • Basement:Yes
  • Basement Description:Outside Entrance, Rear Entrance, Unfinished
  • Living area:6,121 sq. ft.

Heating and cooling

  • Cooling:Ductless/Mini-Split
  • Heating:Electric, Wall Unit

Structure and exterior

  • Year built:1950
  • Building area:6,121 sq. ft.
  • Lot area:0.13 Acres
  • Lot Features:Downtown
  • Architectural Style:Contemporary
  • Construction Materials:Brick

Schools

  • High school:BETHESDA-CHEVY CHASE
  • Middle school:WESTLAND
  • Elementary school:SOMERSET

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,500,000
  • Price per sq. ft.:$571.8
  • Tax amount:$38,881 (2026)

Features and amenities

  • Amenities:Main Entrance Lock, Security System

Parking

  • Parking description:Assigned, Off Street

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