Updated Multifamily Building in College
7404 COLUMBIA Avenue College Park, MD 20740
For Sale
$1,725,000
MULTI_FAMILY - COLLEGE PARK, MD
Property Size5,200 SF
Lot Size0.28 Acres
Price / SF$331.73
Days on Market236
Property Features for 7404 COLUMBIA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
9
Parking features
Off Street, Driveway
Appliances
Disposal, Exhaust Fan, Refrigerator, Stove
Standard status
Active
Size
5,200 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
13276
Utilities
Heating system
Other (Heating)
Cooling system
Ductless, Ceiling Fan(s)
Building Details
Year built
1959
Number of units
4
Building materials
Brick
Listing Agency:
Compass
(202) 386-6330
Listed By:
Jennifer S Smira · License #639332
(202) 280-2060
Added: Dec 4, 2025
Changed: Jul 13
Last Checked: Jul 28 at 4:06AM
MLS# MDPG2184292
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This six-unit multifamily property is located in College Park, Maryland. The building has been renovated and produces approximately $109,200+ in annual rental income. The units have been modernized with quartz kitchen countertops, stainless steel appliances, upgraded cabinetry, tile backsplashes, luxury bathrooms, and durable flooring. Each unit is equipped with mini-split HVAC systems. The lower level includes a shared laundry area with room for additional storage or future value-add enhancements. The property is situated on a 0.2754-acre lot and includes a large paved driveway and parking area accommodating up to nine vehicles. The building is located near neighborhood parks, trails, the University of Maryland, restaurants, cafes, and daily conveniences, with easy access to I-495 and Route 193. The property has 5,200 square feet of space. 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.
Key Highlights
- Six‑unit multi‑family building with annual rental income of approximately $109,200+ and steady performance across all units.
- Unit rents per the provided rent roll: Units 1–3 and 5–6 at $1,500/month; Unit 4 at $1,600/month.
- Each unit includes mini‑split (ductless) HVAC for year‑round comfort, plus ceiling fan(s).
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.4k | $26.04 |
| − Vacancy | −$8.1k | −$1.56 |
| EGI | $127.3k | $24.48 |
| − OpEx | −$57.3k | −$11.01 |
| NOI | $70.0k | $13.46 |
5,200 SF · lease $26.04/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.00M
$875.1K – $1.17M
NOI $70,006 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,425 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property with steady income in College Park, MD.
Where is this apartment building located?
The property is located at 7404 COLUMBIA Avenue College Park, MD.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Six‑unit multi‑family building with annual rental income of approximately $109,200+ and steady performance across all units.; Unit rents per the provided rent roll: Units 1–3 and 5–6 at $1,500/month; Unit 4 at $1,600/month.; Each unit includes mini‑split (ductless) HVAC for year‑round comfort, plus ceiling fan(s).
