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.
Pending
$674,900
306 1/2 Montgomery St, Laurel, MD 20707
10beds
4,840sqft
Single Family Residence
Built in 1900
0.31 Acres Lot
$662,900 Zestimate®
$139/sqft
$-- HOA
What's special
- 55 days
- 111
- 8
Zillow last checked:
Listing updated:
Listed by:
India Hall 301-717-8280,
HomeSmart 3013524065,
Listing Team: The Ultimate Team
Source: Bright MLS,MLS#: MDPG2215350
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 3
- Main level bedrooms: 6
Basement
- Area: 2760
Heating
- Radiator, Natural Gas
Cooling
- None
Appliances
- Included: Refrigerator, Cooktop, Gas Water Heater
Features
- Dry Wall
- Basement: Full,Interior Entry,Exterior Entry,Side Entrance,Unfinished,Walk-Out Access,Windows
- Has fireplace: No
Interior area
- Total structure area: 7,600
- Total interior livable area: 4,840 sqft
- Finished area above ground: 4,840
- Finished area below ground: 0
Property
Parking
- Total spaces: 10
- Parking features: Paved, Private, Unassigned, Parking Lot, On Street, Off Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Pool features: None
- Has view: Yes
- View description: Street, Trees/Woods
Lot
- Size: 0.31 Acres
- Features: Backs to Trees, Cleared, Private, Rear Yard
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 17101118835
- Zoning: LAUR
- Zoning description: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Concrete Perimeter, Brick/Mortar
- Roof: Flat,Architectural Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Talbott Estates
HOA
- Has HOA: No
Location
- Region: Laurel
- Municipality: Laurel
Financial & listing details
- Price per square foot: $139/sqft
- Tax assessed value: $612,667
- Annual tax amount: $11,008
- Date on market: 8/14/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Other
- Ownership: Fee Simple
- Total actual rent: 61200
Estimated market value
$662,900
$630,000 - $696,000
$3,025/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Pending sale | $674,900$139/sqft |
Source: | ||
| 8/15/2026 | Listed for sale | $674,900$139/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 20707
Nearby schools
Schools provided by the listing agent
- Elementary: Laurel
- Middle: Dwight D. Eisenhower
- High: Laurel
- District: Prince George's County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






