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Listed by Jenn Smira • Compass

$1,725,000

Est. payment - /mo

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0.28 Acres Lot

Active

7404 COLUMBIA AVE College Park, MD 20740

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision College Park

MLS Listing ID MDPG2184294

Year Built 1959

Annual Tax Amount $13,276

Tax Year 2025

Lot Size 0.275 Acres

Acres 0.28

Property Sub-Type Five Or More Units

Source BRIGHT

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.

Location

State MD

County Prince Georges

Zoning RMF20

Interior

Hot Water Natural Gas

Heating Wall Unit, Other

Cooling Ductless/Mini-Split

Flooring Other

Heat Source Electric

Exterior

Garage Spaces 9.0

Water Access N

Roof Type Other

Accessibility None

Total Parking Spaces 9

Garage N

Building

Lot Description Backs to Trees, Front Yard

Foundation Other

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Prince George'S County Public Schools

Others

Tax ID 17212358315

Ownership Fee Simple

Security Features Main Entrance Lock

Acceptable Financing Cash, Conventional, FHA, VA, Negotiable

Listing Terms Cash, Conventional, FHA, VA, Negotiable

Financing Cash,Conventional,FHA,VA,Negotiable

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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7404 COLUMBIA AVE College Park, MD 20740

DC Homes Guide

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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7404 COLUMBIA AVE