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.
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 actual property value. 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 vacated 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.
