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$3,500,000

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.

4535 Avondale St, Bethesda

Listing courtesy of Realty of America LLC. Contact:

$632,224

Incredible price for a rare piece of Bethesda Row real estate. A Condo townhouse that lives like an HOA. No pet restrictions. No short term rental restrictions, allowing for great flexibility with type of usage. Short term executive, long term lease, or AirB&B it! And, this place has a super low condo fee. You get a private Georgetown gated patio all with a walk score of 99! This townhome offers 2 bedrooms and 1.5 baths on 2 levels. The main floor has a generous living/dining room with hardwood floors and a convenient half bath, utility/storage closet as well as a coat closet. The kitchen comes well equipped and has a table space and large window for some nice natural light. Upstairs you will find a queen sized bedroom with ample built-ins and a walk in closet. The second bedroom offers built in shelves, closet, all with wood flooring throughout. There is also a four piece bathroom which has a washer/dryer unit for convenience. The new owner will be responsible for the roof, windows, all utilities, and all maintenance inside of the gated walls. Parking is provided in adjoining garage through Colonial parking for around $155 for an unreserved parking spot. The garage has EV charging stations, bike storage, and private access off Woodmont (at the mailboxes) for residents. The Bethesda metro is one block away, the Capital Crescent Trail is 2 blocks away, and everything Bethesda and Bethesda row has to offer is right around the corner! It doesn't get much better than this! Townhome living in the heart of the city.

2 Beds ⋅ 2 Baths

4820 Hampden Ln Unit R-5, Bethesda

Listing courtesy of Compass. Contact:

Selling Office: RE/MAX Town Center.