Browse All College Park MD Multi-Family Properties for Sale

$529,000

Wow! This beautifully updated and meticulously maintained property offers the perfect blend of space, flexibility, and location in one of College Park’s most desirable neighborhoods! The main home features 4 spacious bedrooms and 2 full baths, highlighted by modern finishes, bright living spaces, and updated kitchens and baths throughout. What truly sets this home apart is the attached, fully equipped studio apartment with soaring ceilings — ideal for multigenerational living, college students, guests, a private home office, or generating additional rental income. Enjoy stylish updated kitchens with stainless steel appliances, renovated bathrooms, fresh modern finishes, and an abundance of natural light throughout. The large backyard provides plenty of space for entertaining, gardening, or relaxing outdoors. Conveniently located just minutes from the University of Maryland, shopping, dining, Metro access, and with extremely easy access to both I-495 and I-95, this property is a rare opportunity for homeowners and investors alike. Versatile, move-in ready, and packed with potential — this is the one you’ve been waiting for!

5031 Mangum Rd, College Park

Listing courtesy of Turning Point Real Estate. Contact:

$1,725,000

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.

7404 Columbia Ave, College Park

Listing courtesy of Compass. Contact: (202) 386-6330

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