Views - Primary on Main
Address
306 1/2 Montgomery Street, Laurel, MD
Price
$ 674,900
Property Attributes
- MLS#MDPG2215350
- TypeSingle Family
- Listing Status ACTIVE
- CountyPRINCE GEORGES
- CityLaurel
- NeighborhoodTalbott Estates
- Zip20707
- StyleTraditional
- Year Built1900
- Taxes$ 11008
- Price$ 674,900
- Bedrooms10
- Full Bathrooms5
- Half Bathrooms0
- Sqr Footage4840
- Lot Size0.31 Acres
Data Source:
Bright MLS
Property Description
CASH-FLOWING 5-UNIT VALUE-ADD OPPORTUNITY IN THE CITY OF LAUREL HISTORIC DISTRICT An opportunity for the investor looking for income today with room to create additional value tomorrow. 306 1/2 Montgomery Street is an established five-unit multifamily property (apartment building) featuring five 2-bedroom, 1-bath apartments, with four units currently occupied and one vacant. Large lot with rear parking. The property is currently cash-flowing and consistent property management has been in place for yearsproviding an incoming owner with an established operational foundation from day one. This is not being positioned as a fully renovated or turnkey asset. It is a value-add opportunity for an investor who recognizes the potential in improving an already income-producing property over time. Two of the four occupied units have received kitchen updates, while additional improvements throughout the building provide an opportunity to further enhance the property, rents, and long-term asset value. Unit 5 is currently vacant and represents the most immediate opportunity for renovation and repositioning. Interior photos shown in the listing are of Unit 5 only. Individual units have different interior layouts and flow, and the condition and improvements vary by unit. For investors who prefer to evaluate the numbers before pursuing an opportunity, a selling portfolio is available to qualified buyers and includes property financials, existing leases, rent information, and additional photographs of the occupied units. To respect tenant privacy and minimize unnecessary disruption, this information will be made available upon request to buyers who provide proof of funds or appropriate financing approval. Located in the City of Laurel Historic District with access to the Baltimore-Washington corridor, major commuter routes and a strong surrounding employment base, this property offers the combination value-add investors look for: existing income, established tenancy and management, a vacant unit ready for improvement, and additional opportunity to strengthen performance over time. Acquire the income that is already in placeand bring your strategy for what comes next. Do not disturb tenants.
| Elementary School | Middle School | High School |
|---|---|---|
| Laurel Elementary School | Dwight D. Eisenhower Middle School | Laurel High School |
| Price History | |
|---|---|
| 8/15/2026 | Listed $674,900 |
General Features
| Living Area | 4840 |
|---|---|
| Sewer | Public Sewer |
| Heating | Radiator |
| Cooling | None |
| Possession | Negotiable,Settlement |
| Roof | Flat,Architectural Shingle |
| Appliances | Refrigerator,Stove |
| Zoning | LAUR |
| Architectural Style | Traditional |
| Construction Materials | Brick |
| School District | PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS |
| Year Built | 1900 |
| View | Street,Trees/Woods |
| Levels | 3 |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Cool Fuel | None |
| Accessibility | None |
| County | PRINCE GEORGES |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | TALBOTT ESTATES |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Transportation | Bus Stop less than 1 mile,Commuter Rail Station 1 to 5 miles |
| Full Baths | 5 |
| Status | ACTIVE |
| Directions | GPS |
| City | LAUREL |
| Disclosures | Rental Permits |
| Senior Community Y/N | No |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 13596.00 |
| Tax Assessed Value | 612667.0 |
| Tax Annual Amount | 11008.0 |
| Structure Type | Detached |
| Condo/Coop Association fee Y/N | No |
| Bathrooms Full Main Level | 3 |
| Bathrooms Count Main Level | 3.00 |
| Price Per Sq Ft Total AG | 139.44 |
| Acceptable Financing | Cash,Conventional,Other |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 7600 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | LAUREL |
| Tax Lot | 4 |
| Total Actual Rent | 61200.00 |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Full,Interior Access,Outside Entrance,Side Entrance,Unfinished,Walkout Stairs,Windows |
| Hot Water | Natural Gas |
| Total Stories | 3 |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 4840 |
| Central Air Y/N | No |
| Total Bedrooms | 10 |
| Main Level Bedrooms | 6 |
| Below Grade Finished Area Unit Type | Square Feet |
| LivingAreaSource | Assessor |
| Below Grade Unfin Area Units | Square Feet |
| Below Grade Unfin SQFT | 2760 |
| Below Grade Unfin SQFT Source | Assessor |
| Below Grade Finished Area Source | Assessor |
| Bedrooms Count All Upper Levels | 4 |
| Bedrooms Count Upper Level 1 | 4 |
| Bathrooms Full Upper Level 1 | 2 |
| Bathrooms Full All Upper Levels | 2 |
| Bathrooms Count Upper Level 1 | 2.00 |
| Bathrooms Count All Upper Levels | 2 |
| Above Grade Finished Area Source | Assessor |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 5 |
Exterior Features
| Pool | No Pool |
|---|---|
| Parking Features | Paved Parking,Private,Unassigned |
| Lot Features | Backs to Trees,Cleared,Private,Rear Yard |
| Water Source | Public |
| Total Parking Spaces | 10 |
| Type of Parking | Parking Lot,On Street,Off Street |
| Land Use Code | R |
| Foundation Details | Concrete Perimeter,Brick/Mortar |
| Water View Y/N | No |
| Lot Size Acres | 0.31 |
| Lot Size Source | Assessor |
| Waterfront Y/N | No |
| Land Assessed Value | 101900.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Parking Lot - # of Spaces | 10 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 20707
Price
Taxes
Year Built
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