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Listed by Jenn Smira • Compass

$1,725,000

Est. payment - /mo

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5,200 SqFt

Active

7404 COLUMBIA AVE College Park, MD 20740

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,200 sqft

Price per Sqft $331

Subdivision College Park

MLS Listing ID MDPG2184292

Style Other

Abv Grd Liv Area 5,200

Year Built 1959

Annual Tax Amount $13,276

Tax Year 2025

Lot Size 0.275 Acres

Acres 0.28

Property Sub-Type Other

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

Rooms

Basement Side Entrance, Daylight, Full

Interior

Hot Water Electric

Heating Wall Unit

Cooling Ceiling Fan(s), Ductless/Mini-Split

Equipment Disposal, Exhaust Fan, Refrigerator, Stove

Fireplace N

Appliance Disposal, Exhaust Fan, Refrigerator, Stove

Heat Source Electric

Exterior

Garage Spaces 9.0

Water Access N

Roof Type Other

Accessibility Other

Total Parking Spaces 9

Garage N

Building

Above Ground Finished SqFt 5200

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Prince George'S County Public Schools

Others

Tax ID 17212358315

Ownership Fee Simple

SqFt Source 5200

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

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Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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7404 COLUMBIA AVE