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For sale
  • $674,900

    306 1/2 Montgomery St, Laurel, MD 20707

    10beds
    4,840sqft
    : 
    $4,524/mo
    Get pre-qualified
    Single Family Residence
    Built in 1900
    0.31 Acres Lot
    $-- Zestimate®
    $139/sqft
    $-- HOA

    What's special

    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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    India Hall 301-717-8280,

    HomeSmart 3013524065,

    Listing Team: The Ultimate Team

    Source: Bright MLS,MLS#: MDPG2215350MLS Logo

      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

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/15/2026Listed for sale$674,900$139/sqft
        Source: Bright MLS #MDPG2215350 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 20707

        Getting around

        85 / 100
        Very Walkable
        44 / 100
        Some Transit
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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