7404 Columbia Ave, College Park, MD 20740

$1,725,000
: 5,200
SqFt

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List Price: $1,725,000
MLS#: MDPG2184292
Year Built: 1959
Status: ACTIVE
Type: Multifamily
Living Area: 5,200
Total SqFt: 5200
County: Prince Georges
Subdivision: College Park

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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.

410-721-6694

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Additional Information

Other Structures: Above Grade, Below Grade
Structure List: Above Grade, Below Grade
Style: Other
Basement: Yes
Cooling Fuel: Electric
Cooling: Ceiling Fan(s), Ductless/Mini-Split
Heating Fuel: Electric
Heating: Wall Unit
Hot Water: Electric
Sewer Septic: Public Sewer
Water: Public
Tax Year: 2025
Possession: Negotiable
Days on Market: 235
Acres: 0.28
Parking: Asphalt Driveway
Ownership: Fee Simple