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306 12 Montgomery St, Laurel, MD 20707

$674,900
•
  • 10

    bed

  • 5

    bath

  • 4,840

    Sqft ($139/Sqft)

House pending

About 306 12 Montgomery St

Property type House
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 0.31 Acre
Movoto estimate
Property description
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.
Listed by
Listing Agent - India Hall
Listing Office - HomeSmart
Source: Bright MLS mls logo
MLS#MDPG2215350 • last updated 2 weeks ago
Movoto checked Bright MLS for data 1 minute ago
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Overview
Cooling/AC None, None
Heating Natural Gas
Levels/Style Traditional
Type Residential
Status Pending
SqFt 7600
Lot Size (SqFt) 13596
Lot Size (Acres) 0.31
County Tax 5821, Annually
City/ Town Tax 4242
Tax: Assessed Value 612667
Annual Property Tax 11008
Year Built 1900
Municipality Laurel
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Total # of Bathrooms 5
# Full Baths 5
Total # of Bedrooms 10
Basement Full, Interior Access, Outside Entrance, Side Entrance, Unfinished, Walkout Stairs, Windows
Appliances Refrigerator, Stove
Walls/ Ceilings Dry Wall
Accessibility Features None
Exterior
Roof Flat, Architectural Shingle
Construction Brick
Parking Desc Parking Lot, On Street, Off Street
# Parking Spaces 10
# Parking Lot Spaces 10
Existing Structures Above Grade, Below Grade
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool No Pool
Location
Subdivision TALBOTT ESTATES
Water Source Public
Senior Community (Y/N) N
High School LAUREL
Elementary School LAUREL
School District PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Middle School DWIGHT D. EISENHOWER
Directions GPS
Zoning LAUR, Residential
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Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • MD
  • Prince Georges County
  • Laurel
  • 20707
  • 306 12 Montgomery St

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