306 1/2 Montgomery St Laurel, MD 20707
Laurel AreaEstimated payment $4,626/month
Highlights
- View of Trees or Woods
- Traditional Architecture
- No HOA
- Private Lot
- Backs to Trees or Woods
- Radiator
About This Home
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 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 place—and bring your strategy for what comes next.
Do not disturb tenants.
Listing Agent
(301) 352-4065 nevans@hsmove.com HomeSmart Brokerage Phone: 3013524065 License #022526888 Listed on: 08/14/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,008
Year Built
- Built in 1900
Lot Details
- 13,596 Sq Ft Lot
- Private Lot
- Cleared Lot
- Backs to Trees or Woods
- Back Yard
- Property is zoned LAUR
Home Design
- Traditional Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
- Architectural Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- Property has 3 Levels
- Views of Woods
- Stove
Bedrooms and Bathrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior and Side Basement Entry
- Basement Windows
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Private Parking
- Paved Parking
- On-Street Parking
- Parking Lot
- Off-Street Parking
- Unassigned Parking
Schools
- Laurel Elementary School
- Dwight D. Eisenhower Middle School
- Laurel High School
Utilities
- Radiator
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Talbott Estates Subdivision
- Property Manager
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 17101118835
Map
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/14/2026 08/14/26 | For Sale | $674,900 | -- | $139 / Sq Ft |
Source: Bright MLS
MLS Number: MDPG2215350
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Ask me questions while you tour the home.