See Home Value
$1,172,788*
Commercial - Off Market

7044 CARROLL AVE

TAKOMA PARK, MD 20912
bedrooms
Studio
bathrooms
0 Bath
$990,000 - $1,210,000
Reference Base Price*
6.62%
Since Feb 1, 2022
DC-Washington
Primary Model

About This Property

Imagine owning a part of history that produces good cash flow with the potential for more!  Here is a great opportunity to own a unique circa 1920 Arts and Crafts style property in the heart of the Historic District of the City.  This Commercial property has 6 residential rental units (2 x 2 BR, 3 x 1BR & 1 efficiency) and over 3,000 square feet of space, and 1 retail store with 1100 square feet of space on 2 levels.  Gross Income $108,423 per year - ask agent for details.  It's just a half-mile stroll to Takoma Metro Station and nearby restaurants and stores are located all around you.  Enjoy the July 4th parade from the front porch and the Takoma Street Festival in front of your door.  Tenants love it here with so much to do and with easy access into nearby Washington, D.C.  Tenants pay electricity which is the source of heating and cooling for A/C units. The shop has CAC. Owner pays water/sewer and hot water. Contact agent for income/expense details.  The sale is subject to the Tenant, City, and County's first rights of refusal. Showings restricted due to COVID.  Please review floorplans & unit photos & income/expense obtained from a helpful agent.   Great potential here for long-term cash flow in a high-demand area.  Photos and Tour at the website link.
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,083
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Jan 6, 2022 No longer available -
No longer available
Dec 21, 2021 Sold $1,100,000
Sold
Dec 3, 2021 In contract -
In contract
May 26, 2021 Price Decreased $1,100,000
↓ $200K (15.4%)
Price Decreased
Apr 18, 2021 Price Decreased $1,300,000
↓ $100K (7.1%)
Price Decreased
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Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
1,832 ft²
$598/ft²
$1,095,000 Jul 26, 2022
-
$425/mo
Condo
3 Beds
2.5 Baths
1,405 ft²
$794/ft²
$1,114,900 Nov 27, 2022
-
-
Condo
3 Beds
2.5 Baths
-
$1,114,900 Nov 27, 2022
-
-
House
5 Beds
3.5 Baths
3,080 ft²
$406/ft²
$1,250,000 Feb 7, 2023
-
$370/mo
Townhouse
5 Beds
2.5 Baths
1,762 ft²
$567/ft²
$999,000 Nov 8, 2022
-
$355/mo
House
4 Beds
3.5 Baths
2,780 ft²
$359/ft²
$999,000 Jan 21, 2023
-
$543/mo
House
3 Beds
3.5 Baths
3,032 ft²
$412/ft²
$1,249,000 Nov 3, 2022
-
$1,298/mo
House
5 Beds
4.5 Baths
3,591 ft²
$362/ft²
$1,300,000 Jan 25, 2023
-
$617/mo
House
4 Beds
3 Baths
2,305 ft²
$390/ft²
$899,999 Feb 1, 2023
-
$375/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210318
03/18/2021
Loft
-
-
$1,400,000
bedrooms
Loft
bathrooms
-
$1,100,000 -21.43%
12/21/2021
-
David Maplesden

Building Info

7044 Carroll Avenue 7044 Carroll Avenue, Takoma Park, MD 20912
More about this Building
7044 Carroll Avenue
Want to find out who owns 7044 Carroll Avenue, Takoma Park, MD 20912? Get detailed property transactions here .

About Takoma - DC


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