$1,725,000

7404 COLUMBIA AVE, College Park, MD 20740

  • 5,200 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1959
  • Property Lot Size Icon0.28acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $332/sqft
  • Property List Date Icon Listed 7 days ago

Property Description

Please contact listing agent for full photo gallery. Six unit multi-family offering. A rare offering for investors seeking a fully updated, high-performing multifamily asset in one of Maryland’s most rapidly growing rental markets. 7404 Columbia Ave is a beautifully renovated six-unit building producing approximately $109,200+ in annual rental income, supported by steady demand and low operating expenses. The previous rent roll reflects consistent, reliable performance across all units: Unit 1 – $1,500/month | Unit 2 – $1,500/month | Unit 3 – $1,500/month | Unit 4 – $1,600/month | Unit 5 – $1,500/month | Unit 6 – $1,500/month, with a bonus lower-level area offering potential unit expansion opportunities. Each residence has been thoughtfully modernized with elevated finishes, including quartz kitchen countertops, stainless steel appliances, upgraded cabinetry, tile backsplashes, luxury bathrooms, and durable flooring throughout. Tenants enjoy year-round comfort from mini-split HVAC systems in every unit. The lower level includes a shared laundry area with room for additional storage or future value-add enhancements. Situated on a generous lot, the property features a large paved driveway and parking area accommodating up to nine vehicles, a rare advantage in the College Park rental market. Perfectly located with easy access to I-495 and Route 193, the building sits moments from neighborhood parks, trails, the University of Maryland, restaurants, cafés, and daily conveniences. This central position supports strong tenant retention and positions the asset for long-term appreciation. Whether you're expanding your investment portfolio, considering an owner-occupant strategy, or seeking a 1031 exchange replacement, 7404 Columbia Ave stands out as a fully modernized, income-producing multifamily property in the heart of College Park.

Listing Status:
Active
Listing Office:
Compass : 2023866330
Listing Agent:
Jennifer S Smira : 2022802060
MLS ID:
MDPG2184292
  • Appliances: DisposalExhaust FanRefrigeratorStove
  • Basement: Side entranceDaylightFull
  • A/C: Ceiling Fan(s)Ductless/Mini-Split
  • Heating: Wall UnitElectric
  • Disability Feature: Other
  • General: Above GradeBelow Grade
  • Style: Other
  • Parking: Asphalt Driveway
  • Roofing: Other
  • General: Brick
  • Originating MLS: BRIGHT_MAIN
  • School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
  • County: PRINCE GEORGES-MD
  • Zoning: RMF2017212358315
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Jennifer S Smira, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Paint Branch Elementary School

5101 Pierce Ave, College Park, MD, 20740

Grades PK-6

0.53 miles away

C

College Park Academy

5751 Rivertech Ct, Riverdale, MD, 20737

Grades 6-12

0.81 miles away

C

College Park Academy

5751 Rivertech Ct, Riverdale, MD, 20737

Grades 6-12

0.81 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.