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4535 Avondale St , Bethesda, MD 20814
$3,500,000
Est. Payment: $19,218.83/mo
8 Bed
8 Bath
6121 Sqft
0.13 Acres
Status: active | Days on site: 53
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ROALLC1 - 3006964,3086013
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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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Highlights

Listed by Andres A Serafini , 2404188899 and Yassmine Niktash , 2404499377 Realty of America LLC , 3017989298. Bright MLS

Property Type

Multi-Family
Lot/Acreage
0.13

Year Built

1950

County

Montgomery

 School District

Montgomery County Public Schools

Listing ID

MDMC2239142

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:8
  • ▪ Full Bathrooms:8
Appliances:Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric, Icemaker, Water Heater
Air Cond:Ductless/Mini-Split
Fireplaces:
Above Ground Sq Ft:6121
Basement:Unfinished,Rear Entrance,Outside Entrance
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Garage Capacity:9
Zoning:CRN0
Sewer:Public Sewer
Parking Features:Assigned,Off Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$19,219
Taxes
$3,240

Home Price

$3,500,000

Loan Details

30 yrs
7.312%

Down Payment

20%
$700,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$19,218.83

Principal

Taxes

Principal Taxes HOA Total
Monthly $19,218.83 $3,240.08 $0.00 $22,458.91
Yearly $230,625.90 $38,881.00 $0.00 $269,506.90
Total $6,918,777.11 $1,166,430.00 $0.00 $8,085,207.11
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Bethesda, MD).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-14T05:05:10.000Z

© 2026 Bright MLS