306 1/2 MONTGOMERY Street

LAUREL, MD

674,900
10 beds
5 full baths
4840  SqFt

Under Contract

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The Ultimate Team
Led by India Hall, The Ultimate Realtor®
HomeSmart
  • Bowie, Maryland
  • Phone: 240-245-7273
  • Office : 301-352-4065

306 1/2 MONTGOMERY Street, LAUREL, MD

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 to buyers who provide proof of funds or appropriate financing approval. 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.

Property Details
Property Type Residential
Mls # MDPG2215350
LotSize 0.31 acres
Property Subtype Other
Year Built 1900
Exterior Types brick
Heating Fuels other (heating)
Parking Types parking lot,on street,assigned,off street
Num Of Floors 3
Appliances Refrigerator, Stove

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Google review

India Hall is an incredible realtor! She and her team made our home-buying an absolute breeze. You can’t ask for a better person to be by your side as you navigate the challenges of finding the...
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11/06/2026 - Lunesa Bayot
Google review

The sale of a family multi-tenant property would have been much more difficult without India as our agent. There were many obstacles throughout this process and she tackled every one with confidence....
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11/05/2026 - Samantha Douglas
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Great lesson on AEO!!

10/28/2026 - Luco Pierre
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Great agent in Baltimore!

10/27/2026 - Marta Guajardo
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Excellent presentation and great information.

10/27/2026 - Tumas Tubman
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Awesome!

10/27/2026 - Claudia Artz
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