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.
+38,000 SF commercial building with retail showroom, warehouse, administrative space, dedicated parking, and recently replaced roof (2022). Delivered 100% vacant or with existing tenant in place. Located on Rt. 1 / Baltimore Avenue (42,800 AADT) in College Park, MD and strategically positioned between I-495 (DC Beltway) and Rt. 193 with access to the University of MD student population, DC, and MD customers. Second floor office is currently leased to a church on a month-to-month basis but can be delivered 100% vacant. Flexible NAC (Neighborhood Activity Center) zoning allows for a wide range of retail/office/commercial. Improvements are in good condition and present an excellent foundation for an investor to add value through leasing or an owner/user to capture this strategic location in College Park, MD.
This prime commercial property features a two-story building with approximately 2,400 square feet of retail space, complemented by an additional 900 square feet of warehouse space located at the rear. Situated on a 0.19-acre lot, the property enjoys a highly visible and accessible location, attracting significant foot and vehicle traffic with approximately 40,101 vehicles passing by each day. Spacious Retail Area: 2,400± SF retail space across two floors, ideal for a variety of retail operations. Warehouse Access: 900± SF warehouse for additional storage or operational needs. Upgrades: New roof installed in 2015 Ample Parking: Accommodates approximately 20 vehicles, providing convenience for customers and staff. Zoning: Classified under CSC, allowing for diverse business opportunities. This property is perfectly positioned for success, with convenient access to Kenilworth Ave. and Route 1, making it an excellent investment for retail or commercial enterprises.
Motivated seller: Versatile Zoning: This property is zoned to allow for a mix of residential and commercial uses—student housing, modern retail spaces, or sleek offices. The possibilities here are truly endless, and it’s perfect for a creative investor ready to bring a visionary project to life. Location, Location, Location: Right along the dynamic corridor of Baltimore Avenue, you’re just minutes away from the University of Maryland and surrounded by a mix of residential neighborhoods and commercial hotspots. This area is always in demand, and you’re tapping into a strong and growing market. Endless Potential: Imagine building a mixed-use development with retail on the ground floor and condos or apartments above, or perhaps a bustling shopping plaza catering to the needs of the vibrant College Park community. This property isn’t just a piece of land—it’s an opportunity to create something that will thrive in a lively and expanding area
Did the list price get your attention? Highest and best offers due by Saturday Nov 15th at 12 noon. List price is to get eyeballs on the property and does not reflect value of the property. Unit 3 is vacant and available to show. Other units can be shown with an acceptable offer. Seller reserves the right to accept or reject any offers at any time. Property requires a commercial or DSCR loan. Does not qualify for conventional financing. Unique Opportunity. 5 Separately contained units within a single family structure. Property use is legal, as only 1 unit has a stove, with the other 4 units having no stove. Two 1 bedroom units. Two normal sized studio units. 1 large studio unit. Licensed and inspected by the City of College Park. Only 300 feet from the metro. All utilities billed back to the tenants. Landlord only pays taxes and insurance. Gross potential rent of $7,000-$7500 a month. Current rents before Unit 3 tenant moved was $6150 per month
College Park is located in Maryland. College Park, Maryland has a population of 34,961. College Park is more family-centric than the surrounding county with 31.18% of the households containing married families with children. The county average for households married with children is 26.76%.
The median household income in College Park, Maryland is $69,736. The median household income for the surrounding county is $91,124 compared to the national median of $69,021. The median age of people living in College Park is 21.6 years.
The average high temperature in July is 88.7 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 43 inches per year, with 13.1 inches of snow per year.
