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4535 Avondale St 4 Unit Apartment Building $3,500,000 ($875,000/Unit) Bethesda, MD 20814
Investment Highlights
- Fully renovated and fully furnished four-unit multifamily property with four luxury 2-bed, 2-bath residences.
- Positioned within the Downtown Bethesda growth corridor and aligned with the Thrive Montgomery 2050 plan
- Located on a prominent corner lot just blocks from Bethesda Row, the Metro station, NIH, Walter Reed, premier dining, shopping, and major amenities
Executive Summary
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.
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Property Facts
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $875,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 6,121 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | CRN - Commercial/Residential Neighborhood zoning. It's a type of mixed-use zoning that allows for a combination of commercial and residential uses | ||
| Price | $3,500,000 |
| Price Per Unit | $875,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,121 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2024 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | CRN - Commercial/Residential Neighborhood zoning. It's a type of mixed-use zoning that allows for a combination of commercial and residential uses |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Range
- Double Pane Windows
- Linen Closet
Site Amenities
- Security System
- Walking/Biking Trails
- Bicycle Storage
- Car Charging Station
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 07-00417604 | Improvements Assessment | $1,197,600 |
| Land Assessment | $1,978,700 | Total Assessment | $3,176,300 |
Property Taxes
Parcel Number
07-00417604
Land Assessment
$1,978,700
Improvements Assessment
$1,197,600
Total Assessment
$3,176,300
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4535 Avondale St
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