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The Kimberly John Group

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4535 AVONDALE STREET, Bethesda, MD 20814

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$3,500,000

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  • 0 BedroomBeds
  • 0 BathroomBaths
  • 6,121Sqft
  • 0Acres
  • Multi-FamilyType
  • MDMC2239142MLS#
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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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Property Details 4535 AVONDALE STREET, BETHESDA, MD 20814

Facts & Features

  • MLS #: MDMC2239142
  • Status: Active
  • Date Listed: 06/11/2026
  • Type: Multi-Family
  • Sub Type: Quadruplex
  • Year Built: 1950
  • Style: Contemporary
  • Price: $3,500,000
  • Acres: 0.13
  • County: Montgomery
  • Total SqFt: 6,121

Amenities

  • Parking: Assigned
  • View: City
  • Waterfront Type: Public

Interior

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric, Icemaker, WaterHeater
  • Heating: Wall Unit
  • Cooling: Ductless/Mini-Split
  • Basement: Yes

Exterior

  • Construction: Brick

Schools

  • School District: Montgomery County Public Schools
  • Elementary: Somerset
  • Middle: Westland
  • High: Bethesda-chevy Chase

Additional Information

  • Zoning: Crn0

Tax Information

  • Tax: $38,881

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