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 unit is thoughtfully designed and operates as a highly successful mid-term rental catering to corporate relocations, medical professionals, executive housing clients, extended stay tenants, and more. The property is being offered fully turnkey with established operations in place and strong income-producing history. Beyond its current performance, the property offers significant long-term redevelopment potential. Located within the Downtown Bethesda growth corridor and positioned to benefit from the Thrive Montgomery 2050 plan, this rare standalone corner parcel presents future opportunities for increased residential density, making it attractive to both cash-flow investors and long-term developers. The building's location provides outstanding visibility, accessibility, and development flexibility while placing residents mere blocks from Bethesda Row, Bethesda Metro station, premier dining, shopping, major commuter routes, NIH and Walter Reed, this asset combines strong current performance with exceptional long-term potential. Whether acquired as a stabilized income-producing asset or as a strategic land investment in one of Montgomery County's most desirable urban markets, 4535 Avondale Street represents a rare opportunity to own a premier multifamily property in Downtown Bethesda.
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
Richard Nease
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