Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1950
Sq.Footage
6,121
Exceptional investment opportunity in the heart of Downtown Bethesda. Situated on a prominent corner lot, 4535 Avondale Street is a fully renovated and fully furnished four-unit multifamily property featuring four luxury 2-bedroom, 2-bathroom residences, each thoughtfully designed and operating as a highly successful mid-term rental catering to corporate relocations, medical professionals, executive housing clients, and extended stay tenants. The property is offered fully turnkey with an established furnished rental operation already in place, generating strong, verifiable income. With projected gross yields of approximately 7% and monthly revenue exceeding $27,000+, it presents a rare opportunity to acquire a prime location paired with exceptional, above-market cash flow. Beyond current performance, the asset carries significant long term redevelopment potential. Positioned within the Downtown Bethesda growth corridor and aligned with the Thrive Montgomery 2050 plan and recent county zoning reforms (ZTA 25-02) expanding multi-family density allowances along key corridors, this standalone corner parcel offers a credible path to increased residential density over time. The Washington DC metro multifamily market continues to show sustained renter demand and constrained new supply into 2026, reinforcing rental income durability for investors holding through a redevelopment timeline. This location provides outstanding visibility, accessibility, and flexibility placing residents mere blocks from Bethesda Row, the Bethesda Metro station, premier dining and shopping, major commuter routes, NIH, and Walter Reed. Whether acquired as a stabilized income-producing asset generating above-market yield, or as a strategic land banking investment in one of Montgomery County’s most desirable urban submarkets, 4535 Avondale Street represents a rare dual-thesis opportunity: immediate cash flow paired with meaningful upside from future density and value-add redevelopment.
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)
5451.0
-
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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AGENT
Mike Blakeslee
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