306 1/2 Montgomery St, Laurel, MD 20707
- $674,900
- 10
- BD
- 5
- BA
- 4,840
- SqFt
- List Price
- $674,900
- MLS#
- MDPG2215350
- Year Built
- 1900
- Status
- PENDING
- Type
- Single Family Residential
- Bedrooms
- 10
- Baths All
- 5
- Baths Full
- 5
- Living Area
- 4,840
- Total SqFt
- 4840
- County
- Prince Georges
- Subdivision
- Talbott Estates
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 years—providing 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 taking proper steps for confidentiality. 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 place—and bring your strategy for what comes next. DO NOT DISTURB TENANTS.
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Additional Information
- Elementary School
- Laurel
- Middle School
- Dwight D. Eisenhower
- High School
- Laurel
- Stories
- 3
- Other Structures
- Above Grade, Below Grade
- Structure List
- Above Grade, Below Grade
- Style
- Traditional
- Basement
- Yes
- Cooling Fuel
- None
- Cooling
- None
- Heating Fuel
- Natural Gas
- Heating
- Radiator
- Hot Water
- Natural Gas
- Sewer Septic
- Public Sewer
- Water
- Public
- Tax Year
- 2025
- Possession
- Negotiable, Settlement
- Days on Market
- 21
- Acres
- 0.31
- Parking
- Paved Parking, Private, Unassigned
- Ownership
- Fee Simple
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Listing courtesy of HomeSmart. Contact: 3013524065