306 Montgomery Street Laurel, MD $ 674,900
306 Montgomery Street
$ 674,900
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306 Montgomery Street

Laurel, MD, 20707
$ 674,900
Bedrooms-- Baths-- Sq 7,600

Monthly Estimate*

$ 4,261

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Commercial Property for sale in Laurel, MD

for $674,900. This 7,600 square foot building was built in 1900 on a lot size of 0.31.

CASH-FLOWING 5-UNIT VALUE-ADD OPPORTUNITY IN LAUREL, MD 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 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, all existing tenants are current on rent, 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 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.

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Commercial Active

Price

$ 674,900

Property Type

Commercial

Taxes

$ 11,008

Style

Apartment Building

Lot Size

0.31

Year Built

1900

Town/City

Laurel

County/Region

Prince Georges

MLS | Web ID

MDPG2214636

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Total Stories 3
Heating Y/N Y
Central Air Y/N N
Total Restrooms 5
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General
Sewer Public Sewer
Heating Radiator
Cooling None
Possession Negotiable Settlement
Zoning LAUR
Construction Materials Brick
Year Built 1900
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Municipality Laurel
Business Type Apartment Building
Accessibility None
County PRINCE GEORGES
New Construction N
Property Type Commercial Sale
Subdivision Name TALBOTT ESTATES
Possible Use Apartment Building Apartments Senior Assisted/Day Care Residential Parking Multi-Family
Water Access Y/N N
Status ACTIVE
Directions GPS
City LAUREL
Number Of Units Total 5
Lot Size Units Square Feet
Lot Size Square Feet 13596.00
Tax Annual Amount 11008.0
Price Per Sq Ft Total AG 88.8
Acceptable Financing Cash Conventional Other
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Legal Subdivision LAUREL
Tax Lot 4
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Exterior
Parking Features Paved Parking Private Unassigned
Lot Features Backs to Trees Cleared Private Rear Yard
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 7600.00
Lot Size Acres 0.31
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 101900.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 306
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* Excluded Features
List By
Homesmart

Broker

india@indiatheultimaterealtor.com

Email

Affordability Calculator

$5,179
Per Month
82%
18%
0%
Monthly Principal & Interest
$4,261
Monthly Property Taxes
$917
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/13/2026$674,900 Listed Price

Map


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306 Montgomery Street, Laurel, MD, 20707 is a Commercial Property for sale at $674,900 with 7,600 sqft and a lot size of 0.31. 306 Montgomery Street was built in 1900. The property's zip code is 20707 which is in Laurel, MD