7404 Rhode Island Ave - Apartments FOR SALE


College Park, MD 20740- Old Town Hyattsville
$1,350,000 USD
541-580-3278
7404 Rhode Island Ave, College Park, MD for Sale
$1,350,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

7404 Rhode Island Ave
College Park, MD 20740
Old Town Hyattsville


HIGHLIGHTS

  • 10 minutes walking-distance to University of Maryland campus
  • 2 blocks from College Park Metro Station
  • 2 Residential Buildings with 11 total units
  • 0.9 acres lot with 75% RMF-20 Zoning and 25% RSF-65 Zoning
  • Development value-add opportunity
  • Prime location with strong rental demand

OVERVIEW

Prime Investment Opportunity in Historic College Park, MD! Presenting a rare and highly desirable multi-family investment opportunity in the heart of Historic College Park, just 10 minutes from the University of Maryland campus and only two blocks from the College Park Metro Station. This unbeatable location offers exceptional access to major commuter routes, public transit, and a vibrant local community with varies options of retail and restaurants - ideal for students, professionals, and working class tenants alike. The property spans approximately 0.9 acres and features: - Two residential buildings totaling 11 rental units; - Rare off-street parking lot with capacity for 15 vehicles; - Zoning mix: approx. 75% RMF-20 (Residential Multi-Family) and 25% RSF-65 (Residential Single-Family) - Development Potential: The RSF-65 portion is currently vacant for additional single-family development, offer value-add possibilities. With a potential annual gross income of $178,200, this property presents immediate cash flow and long-term upside, especially given the strong rental demand in the area due to its proximity to the university, metro, and amenities. Whether you're a seasoned investor or a developer seeking a unique project in a high-demand area, this property checks all the boxes: location, income, parking, and future potential. Don't miss this exceptional opportunity to own a prime piece of College Park real estate.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

11

PRICE/UNIT

$122,727

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1936

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

RMF-20 & RSF-65

APN/PARCEL ID

21-2353993

ASK ABOUT THIS PROPERTY

Richard HuangCapStar Commercial RealtyMore Info
541-580-3278

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Richard HuangCapStar Commercial RealtyMore Info
541-580-3278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.