Investment Overview

Marcus & Millichap is pleased to represent the owner of 7310 Columbia Avenue in College Park, Maryland. This ten unit building offers a mix of four one-bedroom units, and six two-bedroom/one-bath units, with floor plans averaging approximately 600 and 800 square feet. The property is located just minutes from the University of Maryland, College Park Unversity which enrolls more than 42,000 students and employs 15,000 faculty and staff. The property offers a unique opportunity to purchase a recently updated ten unit apartment that is fully stabilized, has an attractive unit mix, and has immediate cash-flow. A buyer can acheive a 7.29% CAP Rate in this growing submarket. College Park and the surrounding areas have become a focal point for new development, particularly along Baltimore Avenue, attracting both university-driven renters and commuters to Washington, D.C. The property benefits from excellent transit connectivity, with the College Park Metro Station on the Green Line directly across the street. This property is also located to major regional roadways such as Interstate 495, U.S. Route 1, and Maryland Route 201 and 410. The long-term outlook for this submarket remains positive, as population growth in Prince George’s County continues to outpace much of the Washington, D.C. region. Additionally, infrastructure investments, such as the Purple Line light rail, will further enhance accessibility. As a result, College Park and its neighboring areas are expected to remain highly desirable for renters. The submarket is currently experiencing one of its largest construction cycles. The area's affordability, institutional anchors, and transit accessibility provide a strong foundation for future tenant absorption and sustained rent growth.