$674,900

306 1/2 Montgomery St Laurel, MD 20707

Laurel Area

Estimated payment $4,626/month

Total Views 29
10 Beds
5 Baths
4,840 Sq Ft
$139 Price per Sq Ft

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

India Hall

(301) 352-4065 nevans@hsmove.com HomeSmart Brokerage Phone: 3013524065 License #022526888 Listed on: 08/14/2026

HomeSmart

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,008

Year Built

Built in 1900

Lot Details

0.31 Acres

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1900
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Stove
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Full, Interior Access, Outside Entrance, Side Entrance, Unfinished, Walkout Stairs, Windows
  • Basement Footprint Percent: 100.00
  • Total Sq Ft: 7600
  • Living Area Sq Ft: 4840
  • Price Per Sq Ft: 139.44
  • Above Grade Finished Sq Ft: 4840
  • Below Grade Sq Ft: 2760
  • Total Below Grade Sq Ft: 2760
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 10
  • Main Level Bedrooms: 6
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Flat, Architectural Shingle
  • View: Street, Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking, Private, Unassigned
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Parking Lot, On Street, Off Street
  • Parking Lot Number Of Spaces: 10

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: Listing Agent
  • School District Source: 3rd Party
  • Elementary School: LAUREL
  • High School: LAUREL
  • Middle Or Junior School: DWIGHT D. EISENHOWER

Lot Info

  • Lot Features: Backs To Trees, Cleared, Private, Rear Yard
  • Lot Size Acres: 0.31
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13596.00
  • Zoning: LAUR
  • Zoning Description: Residential
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Ground Rent Pymnt Freq: Annually
  • Lease Considered: No
  • Total Actual Rent: 61200.00
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 11008.00
  • Assessor Parcel Number: 17101118835
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

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

Map

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Property History

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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

Source: Bright MLS

MLS Number: MDPG2215350

Bright MLS
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