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4535 Avondale StreetBethesda, MD 20814Price: $3,500,000

  • Price: $3,500,000
  • Est. Mortgage of $/month
  • 47 Days on Market
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Federal 30-year interest rate: 7.32% last updated on Oct 22, 2026
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4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
4535 Avondale Street Bethesda MD 20814
  • $3,500,000List Price
  • 6,121Square Feet
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.
Listed by Andres A Serafini of Realty of America LLC

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Railey Vacations

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Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

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Location Information

  • UsmAreaBethesda
  • ViewCity

School Information

  • Elementary SchoolSomerset
  • Elementary School SourceListing Agent
  • High SchoolBethesda-chevy Chase
  • High School DistrictMontgomery County Public Schools
  • High School SourceListing Agent
  • Junior HighWestland
  • Middle School SourceListing Agent
  • School District SourceListing Agent

Location

  • Address4535 Avondale Street
  • Building Number4535
  • CountyMontgomery
  • DirectionsWisconsin to Avondale
  • In City Limits YNYes
  • Living Area SourceAssessor
  • StateMD
  • TownBethesda
  • Zip20814

Property Information

  • Area Total6,121
  • Area Total SourceAssessor

Legal

  • Front Foot Fee Payment FrequencyAnnually
  • LandusecodeM
  • PossessionSettlement
  • Sale TypeStandard

Basic Information

  • Broker NameRealty of America LLC
  • List Price$3,500,000
  • LocationTypeDowntown
  • MLS NumberMDMC2239142
  • MLS Property TypeResidential Income
  • Price Per Square Foot572
  • Security FeaturesMain Entrance Lock, Security System
  • StatusACT
  • Units4

Basic Information

Building

  • BasementOther, Unfinished, Rear Entrance, Outside Entrance
  • Basement YNYes
  • Construction MaterialsBrick
  • Property StyleContemporary
  • Square Feet6,121
  • Structure Design TypeOther
  • Two Bedroom Units4
  • Year Built1950
  • Year Built Effective2024

Amenities

  • Accessibility Amenities2+ Access Exits, 36"+ wide Halls
  • Other AmenitiesBasement
  • PoolNo Pool

Other

  • Appliances Included
    • Built-In Microwave
    • Dishwasher
    • Disposal
    • Dryer
    • Icemaker
    • Oven/Range - Electric
    • Refrigerator
    • Stainless Steel Appliances
    • Washer
    • Water Heater
  • Other UnitsUnit 1, Unit 2, Unit 4, Unit 3
  • View Count2

Tax Information

  • City Town Tax Payment FrequencyAnnually
  • Tax Assessment Amount$3,209,567
  • Tax Lot5
  • Tax Total Finished Sq Ft6,121
  • Tax Year2026
  • Taxes$38,881
  • Total Taxes Payment FrequencyAnnually

Parking

  • Assigned Parking Spaces9
  • Parking FeaturesAssigned
  • Parking TypesOff Street
  • Total Garage And Parking Spaces9

Property

  • Acreage0.13
  • Lot Size SourceAssessor
  • Lot Size Square Feet5,451
  • New Construction YNN
  • Property SubTypeQuadruplex
  • ZoningCRN0

Utilities

  • CoolingDuctless/Mini-Split
  • Cooling FuelElectric
  • Heat SystemWall Unit
  • Heating FuelElectric
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated October 24, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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