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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Andres Serafini • Realty of America LLC

$3,500,000

Est. payment - /mo

6,121 SqFt

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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

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.

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

Virtual Tour https://vimeo.com/916477997?share=copy

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Nearby Locations

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland 20895, USA

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4535 AVONDALE ST Bethesda, MD 20814