306 1/2 Montgomery St, Laurel, MD 20707

Laurel
Local realty services provided by:Better Homes and Gardens Real Estate Murphy & Co.
306 1/2 Montgomery St,Laurel, MD 20707
$674,900
  • 10 Beds
  • 5 Baths
  • 4,840 sq. ft.
  • Single family
  • Active
Listed by: india hall
Office: homesmart
MLS#:MDPG2215350
Source:BRIGHTMLS

Price summary

  • Price:$674,900
  • Price per sq. ft.:$139.44

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...

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Home facts

  • Year built:1900
  • Subdivision & Development:TALBOTT ESTATES
  • Listing ID #:MDPG2215350
  • Added:10 day(s) ago
  • Updated:August 25, 2026 at 02:01 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:5
  • Full bathrooms:5
  • Kitchen Description:Refrigerator, Stove
  • Basement:Yes
  • Basement Description:Full, Interior Access, Outside Entrance, Side Entrance, Unfinished, Walkout Stairs, Windows
  • Living area:4,840 sq. ft.

Heating and cooling

  • Heating:Natural Gas, Radiator

Structure and exterior

  • Roof:Architectural Shingle, Flat
  • Year built:1900
  • Building area:4,840 sq. ft.
  • Lot area:0.31 Acres
  • Lot Features:Backs to Trees, Cleared, Private, Rear Yard
  • Architectural Style:Traditional
  • Construction Materials:Brick
  • Foundation Description:Brick/Mortar, Concrete Perimeter
  • Levels:3 Story

Schools

  • High school:LAUREL
  • Middle school:DWIGHT D. EISENHOWER
  • Elementary school:LAUREL

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$674,900
  • Price per sq. ft.:$139.44
  • Tax amount:$11,008 (2025)

Parking

  • Parking description:Off Street, On Street, Parking Lot, Paved Parking, Private, Unassigned

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