7404 Rhode Island Ave
College Park, MD 20740
Immeuble residentiel Propriété À vendre · 11 Unités

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.