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Arts and Crafts Mixed-Use Property
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7042 Carroll Ave, Takoma Park, MD 20912

Historic mixed-use asset combining residential rentals with a dedicated retail component in Takoma Park.

Property SizeContact for details
Days on Market142

Property Features for 7042 Carroll Ave

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 2 x 2BR, 3 x 1BR, 1 x efficiency
Multifamily Units 6

Additional Details

Public Transit Yes

Amenities

front porch

Building Details

Year Built 1920
Construction Arts and Crafts
Tenancy Multi
Listing Agency: Winmar Advisory
Listed By: Dimitri Apostolopoulos · License #DC - SP102355, MD - 533548, VA - 0225069423
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 7:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Winmar Advisory

Investment Insights

Based on property information with market context.

Located at 7042 Carroll Ave in Takoma Park, this circa 1920 property reflects Arts and Crafts design and sits within the city’s Historic District. The building includes six residential rental units with a mix of two 2-bedroom units, three 1-bedroom units, and one efficiency, along with over 3,000 square feet of space overall.

A separate retail store provides 1,100 square feet arranged across two levels. The property also features a front porch and is positioned near restaurants and stores. Takoma Metro Station is approximately one-half mile away, with access into Washington, D.C. The location also hosts community events, including the July 4th parade and Takoma Street Festival.

Key Highlights

  • Six residential rental units: 2 x 2 BR, 3 x 1BR, and 1 efficiency
  • Over 3,000 square feet of total space
  • 1 retail store with 1100 square feet on 2 levels

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Hair Salon HVAC Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,336
Businesses Nearby

Demographics for 20912, MD

25,463
Population
10,140
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
86%
High-School Grad
2.7 sq mi
ZIP Area
9,431
Density / Sq Mi
$82,097
Median Household Income
$48,447
Median Earnings
$1,452
Median Rent
$671,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Historic mixed-use asset combining residential rentals with a dedicated retail component in Takoma Park.
Where is this mixed-use property located?
The property is located at 7042 Carroll Ave Takoma Park, MD.
What are key features of this property?
This property features: Six residential rental units: 2 x 2 BR, 3 x 1BR, and 1 efficiency; Over 3,000 square feet of total space; 1 retail store with 1100 square feet on 2 levels
(301) 540-1330 Call to check price and availability
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