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.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$3,500,000
Days On Site
156 Days
Bedrooms
8
Inside Area (SqFt)
6,121 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.13 Acres
Year Built
1950
MLS Number
MDMC2239142
Status
Active
Property Tax
$38,881
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
a month ago
Listing updated with changes from the MLS
2 months ago
Status changed to Active
5 months ago
Listing first seen on site
General Features
Acres
0.13
Parking
Off StreetAssigned
Parking Spaces
9
Property Sub Type
Quadruplex
Security
Security System
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
6121
SqFt Total
6121
Style
Contemporary
Water Source
Public
Zoning
CRN0
Interior Features
Appliances
Electric RangeElectric OvenElectric Water HeaterDishwasherDisposalDryerRefrigeratorStainless Steel Appliance(s)WasherIce MakerWater HeaterMicrowave
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.