SQUARE FEET6,121
MLS#MDMC2239142
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMONTGOMERY COUNTY PUBLIC SCHOOLS
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Other, Unfinished, Rear Entrance, Outside Entrance
Cooling: Ductless/Mini-Split
Fuel Type: Electric
Heating: Wall Unit
Home Style: Contemporary
Lot Size: 0.13 Acres
Taxes: $38,881
Year Built: 1950
Feature Descriptions
Accessibility: 2+ Access Exits,36"+ wide Halls
Additional Structures: Above Grade
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric, Icemaker, Water Heater
Exterior: Brick
Location: Downtown
Lot Dimensions: 0.13 Acre(S)
Parking Notes: Assigned
Sewer: Public Sewer
Special View Info: City
Structure Type: Other
Total Garage/Parking Spaces: 9
Two Bedroom Units: 4
Units: 4
Water: Public
Local Schools
High School: BETHESDA-CHEVY CHASE
Middle School: WESTLAND
Elementary School: SOMERSET
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Realty of America LLC
Agency Phone: 3017989298
Shown By
Agent Name: Chuck Gregory
Agent Phone: Cell: (717) 725-7469
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 12,050.40 per month $7,789.48 Principal & Interest $3,240.08 Property Tax $1,020.83 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
4535 Avondale Street | MLS# MDMC2239142
This multi-family property located at 4535 Avondale Street, Bethesda, MD 20814 is currently listed for sale with an asking price of $3,500,000. Avondale Street is located within the MONTGOMERY COUNTY PUBLIC SCHOOLS school district. Search Bethesda real estate on charlesgregory.homesale.com today.