7404 Columbia Ave,COLLEGE PARK, MD 20740
COLLEGE PARK, MD 20740
Description
Major price improvement! 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.
Details
| MLS # | MDPG2218830 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1959 |
| Days On Site | 10 |
| Listing Provided By | Compass | KAUSHIK RATH |
Features
| SQ Feet | 5,200 |
|---|---|
| Basement | Y |
| Units | 4 |
| Zoning | RMF20 |
| Acreage | 0.28 |
Interior
| Cooling | Ceiling Fan(s), Ductless/Mini-Split |
|---|---|
| Heating Yes / No | Yes |
| Heating | Wall Unit |
| Appliances | Disposal, Exhaust Fan, Refrigerator, Stove |
Exterior
| Roof | Other |
|---|---|
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Asphalt Driveway |
Taxes
| Tax Annual Amount | 13276 |
|---|
Area Information
| State | MD |
|---|---|
| County | PRINCE GEORGES MD |
| City | COLLEGE PARK |
| Zip Code | 20740 |
| Area | PRINCE GEORGES MD |
| Community Name | COLLEGE PARK |
| School District | PRINCE GEORGE'S COUNTY PUBLIC SC |
| Listing VS Median (in COLLEGE PARK) | |
Price: $1,525,000 low | high Med: $375,180 sqft: 5,200 low | high Med: 1,392 $ / sqft: $293 low | high Med: $270 On site: 10 low | high Med: 113 | |
Market Activity 20740
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Learn More About This Property
| State | MD |
|---|---|
| County | PRINCE GEORGES MD |
| City | COLLEGE PARK |
| Zip Code | 20740 |
| Area | PRINCE GEORGES MD |
| Community Name | COLLEGE PARK |
| School District | PRINCE GEORGE'S COUNTY PUBLIC SC |
| Listing VS Median (in COLLEGE PARK) | |
Price: $1,525,000 low | high Med: $375,180 sqft: 5,200 low | high Med: 1,392 $ / sqft: $293 low | high Med: $270 On site: 10 low | high Med: 113 | |