7404 COLUMBIA AVENUE, COLLEGE PARK, MD 20740
COLLEGE PARK · PRINCE GEORGES County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Year Built
1959
Living Area
5,200 sq ft
Lot Size
0.28 acres
Parking Spaces
9
Zoning
RMF20
Days on Market
205
MLS® Listing#
MDPG2184294
Property Features
Appliances
Cooling
Heating
Flooring
Parking
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Schools
- District:
- PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Financial Details
Annual Taxes
$13,276
Tax year 2025
Assessed Value
$743,767
Parcel Number
17212358315
Directions
Head east on College Ave toward Columbia Ave
Affordability Calculator
$345,000
Estimated monthly payment
$9,181/mo
Principal $1,380,000 · Est. interest $1,925,223 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in COLLEGE PARK, MD
- $538,462
- Median Listing Price
- 42
- Median Days on Market
- 1,776
- Median Sq Ft
- $295
- Median Price / Sq Ft
- 170
- Active Listings
- This home’s price is 220% above the area median.
- Its price per sq ft is 12% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in COLLEGE PARK, MD.
Location
Points of Interest in COLLEGE PARK, MD
Showing the COLLEGE PARK area map.
Nearby Schools
College Park Nursery School
School · 0.3 mi away
Prince George's County Public Schools
Elementary · 0.5 mi away
Paint Branch Elementary School
Elementary · 0.5 mi away
Georgetown Hill Early School
School · 0.7 mi away
College Park Academy
School · 0.8 mi away
University Park Elementary School
Primary School · 1.0 mi away
Church of Jesus Christ of Latter Day Saints
School · 1.0 mi away
Holy Redeemer School
Secondary · 1.0 mi away
University Church Nursery School
School · 1.2 mi away
Riverdale Elementary School
Elementary · 1.3 mi away
Northwestern High School
Secondary · 1.3 mi away
College Park Academy
School · 1.3 mi away
Berwyn Heights Elementary School
Elementary · 1.4 mi away
William Wirt Middle School
Secondary · 1.4 mi away
Center for Young Children, Umd
School · 1.4 mi away
Greenwood School
School · 1.5 mi away
Friends Community School
School · 1.5 mi away
Concordia Lutheran School
School · 1.5 mi away
Prince Georges County
School · 1.5 mi away
Parkdale High School
Secondary · 1.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 7406 PINEY BRANCH ROAD, TAKOMA PARK, MD | $1,250,000 | — | — | — |
| 5051 GREENBELT ROAD, COLLEGE PARK, MD | $1,299,000 | — | — | 2,400 |
| 205 CAHILL AVE, SEVERNA PARK, MD | $1,299,900 | 5 | 5 | 4,300 |
| 921 PROSPECT STREET, TAKOMA PARK, MD | $1,300,000 | — | 5 | 8,852 |
| 358 PRESTONFIELD LANE, SEVERNA PARK, MD | $1,349,000 | 5 | 4 | 3,738 |
| 23500 RIVER ROAD, LEXINGTON PARK, MD | $1,475,000 | 5 | 6 | 4,272 |
Moving Cost Estimate
EXIT Agents in COLLEGE PARK
Listing Courtesy: Compass - 2023866330