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For sale
    • $3,500,000

    4535 Avondale St, Bethesda, MD 20814

    8beds
    8baths
    6,121sqft
    : 
    $22,405/mo
    Get pre-qualified
    Quadruplex
    Built in 1950
    -- sqft lot
    $3,283,800 Zestimate®
    $572/sqft
    $-- HOA

    What's special

    Fully renovatedHigh-efficiency appliancesDuctless mini-split cooling
    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.
    27 days
    640
    26

    Zillow last checked:

    Listing updated:

    Listed by:

    Andres Serafini 240-418-8899,

    Realty of America LLC 3017989298,

    Listing Team: The Washingtonian Group, Co-Listing Team: The Washingtonian Group,Co-Listing Agent: Yassmine Niktash 240-449-9377,

    Realty of America LLC

    Source: Bright MLS,MLS#: MDMC2239142MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 8
      Heating
      • Wall Unit, Electric
      Cooling
      • Ductless, Electric
      Appliances
      • Included: Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliance(s), Washer, Oven/Range - Electric, Ice Maker, Water Heater, Electric Water Heater
      Features
      • Basement: Other,Unfinished,Rear Entrance,Exterior Entry
      • Has fireplace: No
      Interior area
      • Total structure area: 6,121
      • Total interior livable area: 6,121 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 9
      • Parking features: Assigned, Off Street
      • Details: Assigned Parking, Assigned Space #: 1-9
      Accessibility
      • Accessibility features: 2+ Access Exits, Accessible Hallway(s)
      Features
      • Pool features: None
      • Has view: Yes
      • View description: City
      Lot
      • Size: 5,451 Square Feet
      • Features: Downtown
      Details
      • Additional structures: Above Grade
      • Parcel number: 160700417604
      • Zoning: CRN0
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Contemporary
      • Property subtype: Quadruplex
      Materials
      • Brick
      Condition
      • New construction: No
      • Year built: 1950
      • Major remodel year: 2024

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Main Entrance Lock, Security System
      Location
      • Region: Bethesda

      Financial & listing details

      • Price per square foot: $572/sqft
      • Tax assessed value: $3,209,567
      • Annual tax amount: $38,881
      • Date on market: 9/8/2026
      • Listing agreement: Exclusive Right To Sell
      • Ownership: Fee Simple

        Estimated market value

        $3,283,800

        $3.12M - $3.45M

        Not available

        Price history

        DateEventPrice
        9/8/2026Listed for sale$3,500,000+7.7%$572/sqft
        Source: Bright MLS #MDMC2239142 Report a problem
        2/24/2026Listing removed$3,250,000$531/sqft
        Source: Bright MLS #MDMC2110244 Report a problem
        11/8/2024Listed for sale$3,250,000$531/sqft
        Source: Bright MLS #MDMC2110244 Report a problem
        7/2/2024Contingent$3,250,000$531/sqft
        Source: Bright MLS #MDMC2110244 Report a problem
        4/29/2024Price change$3,250,000-7.1%$531/sqft
        Source: Bright MLS #MDMC2110244 Report a problem
        2/17/2024Listed for sale$3,500,000+75%$572/sqft
        Source: Bright MLS #MDMC2110244 Report a problem
        10/11/2022Listing removed$1,999,999$327/sqft
        Source: Bright MLS #MDMC2030894 Report a problem
        9/2/2022Price change$1,999,999-2.4%$327/sqft
        Source: Bright MLS #MDMC2030894 Report a problem
        5/12/2022Listed for sale$2,049,000$335/sqft
        Source: Bright MLS #MDMC2030894 Report a problem
        5/1/2022Listing removed--
        Source: Bright MLS #MDMC2030894 Report a problem
        3/18/2022Price change$2,049,000-2.4%$335/sqft
        Source: Bright MLS #MDMC2030894 Report a problem
        1/10/2022Listed for sale$2,099,000-4.6%$343/sqft
        Source: Bright MLS #MDMC2030894 Report a problem
        7/2/2021Listing removed$2,200,000$359/sqft
        Source: Bright MLS #MDMC759272 Report a problem
        5/18/2021Listed for sale$2,200,000$359/sqft
        Source: Bright MLS #MDMC759264 Report a problem
        5/17/2021Listing removed$2,200,000$359/sqft
        Source: Bright MLS #MDMC733368 Report a problem
        3/17/2021Listed for sale$2,200,000$359/sqft
        Source: Bright MLS #MDMC733360 Report a problem
        3/1/2021Listing removed$2,200,000$359/sqft
        Source: Bright MLS #MDMC733368 Report a problem
        11/5/2020Listed for sale$2,200,000+93%$359/sqft
        Source: Bright MLS #MDMC733684 Report a problem
        3/25/2020Sold$1,140,000$186/sqft
        Source: Agent Provided Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Bethesda Center

        Getting around

        97 / 100
        Walker's Paradise
        67 / 100
        Good Transit
        85 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Somerset
        • Middle: Westland
        • High: Bethesda-chevy Chase
        • District: Montgomery County Public Schools

        Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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