4535 AVONDALE ST Bethesda, MD 20814
6,121 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,121 sqft
Price per Sqft $571
MLS Listing ID MDMC2239142
Style Contemporary
Abv Grd Liv Area 6,121
Year Built 1950
Available Date 2026-09-08
Annual Tax Amount $38,881
Tax Year 2026
Lot Size 5,451 Sqft
Acres 0.13
Property Sub-Type Quadruplex
Source BRIGHT
Property Description
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.
Location
State MD
County Montgomery
Zoning CRN0
Rooms
Basement Other, Unfinished, Rear Entrance, Outside Entrance
Interior
Hot Water Electric
Heating Wall Unit
Cooling Ductless/Mini-Split
Equipment Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric, Icemaker, Water Heater
Fireplace N
Appliance Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric, Icemaker, Water Heater
Heat Source Electric
Exterior
Garage Spaces 9.0
Parking On Site 9
Water Access N
View City
Accessibility 2+ Access Exits, 36\"+ wide Halls
Total Parking Spaces 9
Garage N
Private Pool No
Building
Above Ground Finished SqFt 6121
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Somerset
Middle Schools Westland
High Schools Bethesda-Chevy Chase
School District Montgomery County Public Schools
Others
Tax ID 160700417604
Ownership Fee Simple
SqFt Source 6121
Security Features Main Entrance Lock,Security System
Special Listing Condition Standard
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