6,121 SqFt
6,121 SqFt
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
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
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "