Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1950
Sq.Footage
6,121
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.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Above Grade Finished Area
6121.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Ductless, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Off Street, Assigned
-
Pool
No
-
Waterfront YN
NO
-
View
City
Area & Lot
-
Lot Size(acres)
0.13
-
Lot Size(square feet)
5,451
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Contemporary
Price
-
Sales Price
$3,500,000
-
Tax Amount
$38,881
-
Sq. Footage
6,121
-
Price/SqFt
$571
HOA
-
Association
No
School District
-
Elementary School
SOMERSET
-
Middle School
WESTLAND
-
High School
BETHESDA-CHEVY CHASE
Property Features
-
New Construction
NO
-
Accessibility Features
Accessible Hallway(s)
-
Sewer
Public Sewer
-
Tax Lot
5
-
Water Source
Public
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Location
County
MONTGOMERY
Elementary School
SOMERSET
Middle School
WESTLAND
High School
BETHESDA-CHEVY CHASE
Listing Courtesy of Andres A Serafini, Realty of America LLC
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Salesperson, Realtor
Albert Ranney
Call Albert today to schedule a private showing.
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