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$3,500,000
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 a monthly revenue exceeding $23,000+, 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.

4535 Avondale St, Bethesda

Listing courtesy of Realty of America LLC. Contact: 3017989298
$632,224
2 Beds ⋅ 2 Baths
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.

4820 Hampden Lane Unit #R-5, Bethesda

Listing courtesy of Compass. Contact:

Selling Office: .