7404 Columbia Ave · College Park, MD 20740

$1,725,000

42 bd · 42.0 ba · 5,200 sqft · MultiFamily · 199 Days on market

Built 1959 0.28 ac lot $332/sqft · 80% above area

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.9/30.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 7 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

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.

Key facts

• Elevated finishes
• Upgraded cabinetry
• 0.28 acre lot

Tags

• BONUS LOWER LEVEL AREA
• THOUGHTFULLY MODERNIZED
• ELEVATED FINISHES
• QUARTZ KITCHEN COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• UPGRADED CABINETRY

What this means for you Summary

Snapshot

• This is a 7 × 6-bed/?-bath units multifamily listed at $1.73M.

Deal economics

• At list price, monthly cash flow is $6k ($77k/yr) — positive. Per door: $911/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($22k rent vs $1.73M).
• Recommended offer: $1.52M (12.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 4.4% in College Park — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#44 in MD, #1,640 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• Prince George'S County Public Schools (suburban): math 8% / reading 24% proficiency, ranked #21 of 24 in MD (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Paint Branch Elementary (math 8% / reading 17%, grade F, #538 of 860 statewide, top 64%, 357 students, 80% FRL); Hyattsville Middle (math 5% / reading 23%, grade F, #196 of 225 statewide, top 88%, 705 students, 83% FRL); Northwestern High (math 15% / reading 32%, grade F, #169 of 222 statewide, top 76%, 2,346 students, 80% FRL) — zoned schools average 81% FRL vs 53% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.5%/yr); 81 active listings in the ZIP; solid renter incomes; 1,481 units permitted in Prince George's County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $12k of loan paydown is wiped out by about $52k of value loss. Plan a longer hold.
• Prince George's County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 5.5% rent growth), your $483k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 199 days — a 12% lower offer ($1.52M) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $662k; list at $1.73M implies a 160% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,518,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 199 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 10.73%
• Cash-on-cash: 15.85%
• DSCR: 1.71
• GRM: 6.6

CMA / ARV

• ARV (median comp): $956,932
• List price: $1,725,000
• Delta: 80.26%
• Verdict: OVERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.49% rent growth · sell at horizon

5-year hold

• IRR: 9.3%
• Equity multiple: 1.38×
• Total profit: $182,624
• Equity at exit: $257,203

10-year hold

• IRR: 20.4%
• Equity multiple: 2.91×
• Total profit: $923,472
• Equity at exit: $149,146

Cash invested: $483,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 20740

• Rents YoY: 5.5%
• Active inventory: 81
• Price-to-rent: 46.0×

Monthly cashflow live

• Estimated rent: $21,870 medium
• Mortgage (P&I): −$9,046
• Tax from tax record: −$1,133 /mo · $13,599/yr
• Insurance: −$719
• HOA: −$0
• Vacancy / Maint / Mgmt: −$4,593
• Net cashflow: $6,379

Break-even live

Break-even rent $13,795

Max offer price $1,725,000

Occupancy floor 66%

Sensitivity live

Price	-10% $7,356	-5% $6,867	+0% $6,379	+5% $5,891	+10% $5,403
Rent	-10% $4,651	-5% $5,515	+0% $6,379	+5% $7,243	+10% $8,107
Rate	-1.0pp $7,248	-0.5pp $6,818	base $6,379	+0.5pp $5,932	+1.0pp $5,477

7-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 7× units	6	—	$21,868
Total (7 units)			$21,870

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $431,250
• Closing costs: $51,750
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-21
   days on market $1,725,000 Active 199 DOM
2. 2026-06-18
   days on market $1,725,000 Active 196 DOM
3. 2026-06-17
   days on market $1,725,000 Active 195 DOM
4. 2026-06-16
   days on market $1,725,000 Active 194 DOM
5. 2026-06-15
   days on market $1,725,000 Active 193 DOM
6. 2026-06-13
   days on market $1,725,000 Active 191 DOM
7. 2026-06-10
   days on market $1,725,000 Active 187 DOM
8. 2026-06-08
   days on market $1,725,000 Active 186 DOM
9. 2026-06-07
   days on market $1,725,000 Active 185 DOM
10. 2026-06-04
    days on market $1,725,000 Active 182 DOM
11. 2026-06-03
    days on market $1,725,000 Active 181 DOM
12. 2026-06-02
    days on market $1,725,000 Active 180 DOM
13. 2026-06-01
    days on market $1,725,000 Active 179 DOM
14. 2026-05-31
    days on market $1,725,000 Active 178 DOM
15. 2025-12-04
    listed $1,725,000 Active 1907-char remark

    Show marketing remark (1907 chars)

    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.

16. 2014-05-13
    historical 388-char remark

    Show marketing remark (388 chars)

    6 unit apartment building in the heart of College Park directly across from College Park Metro and walking distance to U of M. All units are separately metered for gas and electric. All units have separate furnace and hot water heater. Potential 7th unit with 2bdr/ 2baths. Partially framed and already separately metered for gas and electric. Great income potential. Many recent updates.

17. 2014-05-09
    soldstatus $662,500 Sold 388-char remark

    Show marketing remark (388 chars)

    6 unit apartment building in the heart of College Park directly across from College Park Metro and walking distance to U of M. All units are separately metered for gas and electric. All units have separate furnace and hot water heater. Potential 7th unit with 2bdr/ 2baths. Partially framed and already separately metered for gas and electric. Great income potential. Many recent updates.

18. 2014-05-09
    soldstatus $662,500

    Show marketing remark (388 chars)

    6 unit apartment building in the heart of College Park directly across from College Park Metro and walking distance to U of M. All units are separately metered for gas and electric. All units have separate furnace and hot water heater. Potential 7th unit with 2bdr/ 2baths. Partially framed and already separately metered for gas and electric. Great income potential. Many recent updates.

19. 2014-04-16
    status Contract 388-char remark

    Show marketing remark (388 chars)

    6 unit apartment building in the heart of College Park directly across from College Park Metro and walking distance to U of M. All units are separately metered for gas and electric. All units have separate furnace and hot water heater. Potential 7th unit with 2bdr/ 2baths. Partially framed and already separately metered for gas and electric. Great income potential. Many recent updates.

20. 2014-04-15
    historical
21. 2014-03-04
    status Active 388-char remark

    Show marketing remark (388 chars)

    6 unit apartment building in the heart of College Park directly across from College Park Metro and walking distance to U of M. All units are separately metered for gas and electric. All units have separate furnace and hot water heater. Potential 7th unit with 2bdr/ 2baths. Partially framed and already separately metered for gas and electric. Great income potential. Many recent updates.

22. 2013-12-23
    status Contingent (No Kick Out) 388-char remark

    Show marketing remark (388 chars)

    6 unit apartment building in the heart of College Park directly across from College Park Metro and walking distance to U of M. All units are separately metered for gas and electric. All units have separate furnace and hot water heater. Potential 7th unit with 2bdr/ 2baths. Partially framed and already separately metered for gas and electric. Great income potential. Many recent updates.

23. 2013-08-14
    listed $749,000 Active 388-char remark

    Show marketing remark (388 chars)

    6 unit apartment building in the heart of College Park directly across from College Park Metro and walking distance to U of M. All units are separately metered for gas and electric. All units have separate furnace and hot water heater. Potential 7th unit with 2bdr/ 2baths. Partially framed and already separately metered for gas and electric. Great income potential. Many recent updates.

24. 2013-08-14
    listed $749,000

    Show marketing remark (388 chars)

    6 unit apartment building in the heart of College Park directly across from College Park Metro and walking distance to U of M. All units are separately metered for gas and electric. All units have separate furnace and hot water heater. Potential 7th unit with 2bdr/ 2baths. Partially framed and already separately metered for gas and electric. Great income potential. Many recent updates.

25. 2013-03-07
    soldstatus $600,000
26. 1981-12-02
    soldstatus $200,000
27. 1976-02-05
    soldstatus $60,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $13,599 · $1,133/mo
• Projected year-2 tax: $16,201 · $1,350/mo
• Expected delta: +$2,602/yr (+$217/mo · 19.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $262,440
• − Mortgage interest: −$96,627
• − Property taxes: −$13,599
• − Insurance: −$8,625
• − Repairs & maintenance: −$20,995
• − Management: −$20,995
• − Depreciation: −$50,182
• Taxable income: $51,417
• Est. tax owed @ 24.0%: −$12,340
• After-tax cash flow: $64,210/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Prince George'S County Public Schools
• NCES district ID: 2400510
• Math proficiency: 8% ▼ -11.00%
• Reading proficiency: 24% ▼ -9.00%
• Median HH income: $73,967
• Composite: 16.82/100
• National rank: #9151
• State rank: #21 of 24 in MD

Livability — College Park

• Score: 80/100
• State rank: #44
• US rank: #1640

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing A Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: College Park, MD
• County: Prince Georges County · 919,866 people
• City population: 36,847
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• Population (ZIP): 36,847
• Household income: $77,317
• Rent vs Own: 63.3% rent · 36.7% own
• Severe rent burden: 2772.0

Population outlook (Prince George's County) Hauer SSP2

• Today (2025): 1,005,426 people
• By 2030: 1,048,416 · +4.3%
• By 2040: 1,123,425 · +11.7%
• By 2050: 1,183,220 · +17.7%
• By 2075: 1,306,202 · +29.9%
• By 2100: 1,408,179 · +40.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.75)
• Race & ethnicity: White 35% Black 24% Hispanic / Latino 22% Asian 14% Two or more races 10%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Italian 1% Romanian 1% Lithuanian 1%
• Foreign-born: 28% · Canada, China, South Korea
• Languages at home: 66% English-only · Spanish 18% Other Indo-European 6% Chinese 4%

Political lean MEDSL · Prince George's

• 2024 margin: Solid D (+75.2) · D 86.3% · R 11.2% · Other 2.5%
• 2008→2024 swing: -3.3pp toward R · 2008: 78.5pp · 2024: 75.2pp
• All cycles: 2024: D+75.2 2020: D+80.5 2016: D+81.0 2012: D+80.9 2008: D+78.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -337.75%
• Current HPI: 314.4446
• Rent YoY: ▲ 5.49%
• Metro: Washington-Arlington-Alexandria, DC-VA-MD-WV
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+2775.0% since first listed

13 events — show timeline

• 2025-12-04 Listed $1,725,000 BRIGHT MLS
• 2014-05-13 Delisted — MRIS
• 2014-05-09 Sold (MLS) $662,500 BRIGHT MLS
• 2014-05-09 Sold (MLS) $662,500 MRIS
• 2014-04-16 Pending — MRIS
• 2014-04-15 Listing Removed — BRIGHT MLS
• 2014-03-04 Relisted — MRIS
• 2013-12-23 Pending — MRIS
• 2013-08-14 Listed $749,000 MRIS
• 2013-08-14 Listed $749,000 BRIGHT MLS
• 2013-03-07 Sold (Public Records) $600,000 Public Records
• 1981-12-02 Sold (Public Records) $200,000 Public Records
• 1976-02-05 Sold (Public Records) $60,000 Public Records

Property tax history

+3.2%/yr

Latest (2025): $13,599 · +3.3% YoY. Source: county tax records.