$1,195,000

120 2nd St Laurel, MD 20707

Estimated payment $7,023/month

Total Views 414,605
-- Bed
-- Bath
5,616 Sq Ft
$213 Price per Sq Ft

Highlights

  • Colonial Architecture
  • 5-minute walk to Laurel
  • More Than Two Accessible Exits
  • Attic
  • Bathtub with Shower
  • Outdoor Storage

About This Home

$100k price reduction.... Bring your offers! Introducing a prime investment opportunity at 120 Second Street, Laurel, MD. This beautifully renovated 5,616 SF building, constructed in 1900 and modernized in 2020, boasts 6 units, ideal for a discerning Multifamily / Low-Rise/Garden investor. Zoned CG and strategically located in the sought-after Laurel area, this property offers a lucrative rental potential and a strong foundation for long-term growth. Don't miss the chance to add this exceptional asset to your portfolio and capitalize on the thriving real estate market. This property includes 5 residential units and 1 commercial unit. Building has special zoning exemption. Situated on RT 1 where 30,000 cars pass by each day. 100% Occupied. Most units are rented below market- value add opportunity.

Listing Agent

Joseph Obeid

(301) 741-7411 josephobeid19@gmail.com Samson Properties License #0673810 Listed on: 05/21/2025

Samson Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,259

Year Built

  • Built in 1900 | Remodeled in 2020

Lot Details

  • 8,959 Sq Ft Lot
  • Property is in excellent condition

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Bathtub with Shower
  • Combination Kitchen and Dining Room
  • Attic

Kitchen

  • Gas Oven or Range
  • Microwave

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Flood Lights

Parking

  • 22 Open Parking Spaces
  • 22 Parking Spaces
  • Handicap Parking
  • Private Parking
  • Lighted Parking
  • Paved Parking
  • Parking Lot
  • 22 Assigned Parking Spaces
  • Secure Parking
  • Fenced Parking

Accessible Home Design

  • More Than Two Accessible Exits
  • Level Entry For Accessibility

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 17101088178

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,259

Year Built

Built in 1900 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: 2+ Access Exits, Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Year Renovated: 2020
  • Building Winterized: No
  • Remarks Public: $100k price reduction.... Bring your offers! Introducing a prime investment opportunity at 120 Second Street, Laurel, MD. This beautifully renovated 5,616 SF building, constructed in 1900 and modernized in 2020, boasts 6 units, ideal for a discerning Multifamily / Low-Rise/Garden investor. Zoned CG and strategically located in the sought-after Laurel area, this property offers a lucrative rental potential and a strong foundation for long-term growth. Don't miss the chance to add this exceptional asset to your portfolio and capitalize on the thriving real estate market. This property includes 5 residential units and 1 commercial unit. Building has special zoning exemption. Situated on RT 1 where 30,000 cars pass by each day. 100% Occupied. Most units are rented below market- value add opportunity.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Microwave, Oven/Range - Gas, Refrigerator, Washer
  • Interior Amenities: Combination Kitchen/Dining, Attic, Bathroom - Tub Shower, Store/Office
  • Fireplace: No
  • Foundation Details: Slab
  • Total Sq Ft: 5616
  • Living Area Sq Ft: 5616
  • Price Per Sq Ft: 319.18
  • Above Grade Finished Sq Ft: 3744
  • Below Grade Finished Sq Ft: 1872
  • Total Below Grade Sq Ft: 1872
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 120

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Street Lights, Exterior Lighting, Flood Lights, Secure Storage
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 22
  • Garage: No
  • Parking Features: Concrete Driveway, Fenced, Handicap Parking, Lighted Parking, Paved Driveway, Paved Parking, Private, Secure Parking, Assigned
  • Total Garage And Parking Spaces: 22
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 22

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
  • School District Key: 121137599599
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: C
  • Lot Size Acres: 0.21
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8959.00
  • Property Condition: Excellent
  • Year Assessed: 2025
  • Zoning: LAUR
  • Zoning Description: CG
  • In City Limits: Yes

Rental Info

  • Number Of Units Month To Month: 6
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 8259.00
  • Assessor Parcel Number: 17101088178
  • Tax Total Finished Sq Ft: 3744
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Other Units: Unit 3

MLS Schools

  • School District Name: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,146 $450,067 $0 $0
2023 $8,703 $429,933 $0 $0
2022 $8,260 $409,800 $282,700 $127,100
2021 $8,211 $409,800 $282,700 $127,100
2020 $16,414 $409,800 $282,700 $127,100
2019 $10,087 $514,900 $282,700 $232,200
2018 $9,803 $495,967 $0 $0
2017 $9,180 $477,033 $0 $0
2016 -- $458,100 $0 $0
2015 $10,526 $458,100 $0 $0
2014 $10,526 $458,100 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Price Changed $1,195,000 -7.7% $213 / Sq Ft
05/21/2025 05/21/25 For Sale $1,295,000 -- $231 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $315,000 Blue Niote Title Inc
Deed -- None Available
Deed $70,000 --
Source: Public Records

About the Listing Agent

Joseph Obeid

Samson Properties

(240) 775-1918

Section Image

Meet Joseph, your go-to Real Estate Agent for the Washington DC and Baltimore Metro areas. As an expert in this vibrant market, he offers clients a seamless blend of professional, responsive, and attentive real estate services. Whether you're diving into the home-buying process or selling your beloved abode, Joseph is there to guide, listen and ensure your goals are met with utmost satisfaction. With years of experience, Joseph knows precisely how to market your home for maximum return.

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Source: Bright MLS

MLS Number: MDPG2153158

Bright MLS

APN: 10-1088178