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306 1/2 MONTGOMERY STREET, LAUREL, MD, 20707

$674,900

10 beds
5 full baths
4,840 sq. ft

306 1/2 MONTGOMERY STREET, LAUREL, MD, 20707
$674,900 Active JUST LISTED

Beds 10
Baths 5
Sq. ft 4,840

Contact

Active JUST LISTED

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.

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Property Features

Year Built:
1900

Days on Market:
2

Listing ID:
MDPG2215350

Bathrooms:
5 full

List Date:
August 14, 2026

Property Type:
Single Family Residential

Architecture Style:
Traditional

Subdivision:
TALBOTT ESTATES

County:
PRINCE GEORGES

Appliances:
Refrigerator, Stove

Total Taxes:
$11,008

Courtesy of HomeSmart

This content was last updated on August 15, 2026 10:10

Name	Type	Level	Grades	Address
Laurel High School	Public	High	9-12	8000 Cherry Ln, Laurel, MD 20707
District: Prince George's County Public Schools Grade Span: 9 - 12 Admission: Public Address: 8000 Cherry Ln, Laurel, MD 20707 Phone: 301-497-2050 Website: http://www.pgcps.org/laurelhs/ Teachers: 115 Students: 2129 Ratio: 19:1 Students/Teacher Gender: 52% Male / 48% Female Lunch: 94% Free / 1% Reduced Student/Teacher ratio Enrollment
Dwight D. Eisenhower Middle School	Public	Middle	6-8	13725 Briarwood Dr, Laurel, MD 20708
District: Prince George's County Public Schools Grade Span: 6 - 8 Admission: Public Address: 13725 Briarwood Dr, Laurel, MD 20708 Phone: 301-497-3620 Website: http://www.pgcps.org/dwightdeisenhower/ Teachers: 73 Students: 1047 Ratio: 14:1 Students/Teacher Gender: 48% Male / 52% Female Lunch: 95% Free / 1% Reduced Student/Teacher ratio Enrollment
Laurel Elementary School	Public	Primary	PK-5	516 Montgomery St, Laurel, MD 20707
District: Prince George's County Public Schools Grade Span: PK - 5 Admission: Public Address: 516 Montgomery St, Laurel, MD 20707 Phone: 301-497-3660 Website: http://www.pgcps.org/laureles/ Teachers: 36 Students: 472 Ratio: 13:1 Students/Teacher Gender: 48% Male / 52% Female Lunch: 88% Free / 3% Reduced Student/Teacher ratio Enrollment

Name	Type	Level	Grades	Address
Christian Academy of Laurel	Private	Elementary	PK-8	15002 First Baptist Ln, Laurel, MD 20707
Grade Span: PK - 8 Admission: Private Address: 15002 First Baptist Ln, Laurel, MD 20707 Phone: 301-490-1076 Website: http://www.fbslaurel.com/ Teachers: 13 Students: 136 Ratio: 10:1 Students/Teacher Gender: 57% Male / 43% Female Student/Teacher ratio Enrollment
Knowledge Beginnings	Private	Elementary	PK-KG	7551 Montpelier Rd, Laurel, MD 20723
Grade Span: PK - KG Admission: Private Address: 7551 Montpelier Rd, Laurel, MD 20723 Phone: 301-725-6500 Teachers: 1 Students: 10 Ratio: 10:1 Students/Teacher Gender: 40% Male / 60% Female Student/Teacher ratio Enrollment
Phillips School - Laurel	Private	Combined Elementary/Secondary	4-12	8920 Whiskey Bottom Rd, Laurel, MD 20723
Grade Span: 4 - 12 Admission: Private Address: 8920 Whiskey Bottom Rd, Laurel, MD 20723 Phone: 301-470-1620 Website: http://www.phillipsprograms.org/ Teachers: 15 Students: 74 Ratio: 5:1 Students/Teacher Gender: 89% Male / 11% Female Student/Teacher ratio Enrollment
St Mary of the Mills School	Private	Elementary	KG-8	106 Saint Marys Pl, Laurel, MD 20707
Grade Span: KG - 8 Admission: Private Address: 106 Saint Marys Pl, Laurel, MD 20707 Phone: 301-498-1433 Teachers: 15 Students: 230 Ratio: 16:1 Students/Teacher Gender: 50% Male / 50% Female Student/Teacher ratio Enrollment
St Vincent Pallotti High School	Private	Secondary	9-12	113 Saint Marys Pl, Laurel, MD 20707
Grade Span: 9 - 12 Admission: Private Address: 113 Saint Marys Pl, Laurel, MD 20707 Phone: 301-725-3228 Website: http://www.pallottihs.org Teachers: 35 Students: 410 Ratio: 12:1 Students/Teacher Gender: 60% Male / 40% Female Student/Teacher ratio Enrollment
The Julia Brown School	Private	Elementary	PK-3	9450 Madison Ave, Laurel, MD 20723
Grade Span: PK - 3 Admission: Private Address: 9450 Madison Ave, Laurel, MD 20723 Phone: 301-498-0604 Teachers: 2 Students: 47 Ratio: 24:1 Students/Teacher Gender: 57% Male / 43% Female Student/Teacher ratio Enrollment

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306 1/2 MONTGOMERY STREET, LAUREL, MD, 20707

$674,900

306 1/2 MONTGOMERY STREET, LAUREL, MD, 20707
$674,900 Active JUST LISTED

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Student/Teacher ratio

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Student/Teacher ratio

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Student/Teacher ratio

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Buying a Home

Selling a Home

Relocating with New Millennium

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Careers at New Millennium

306 1/2 MONTGOMERY STREET, LAUREL, MD, 20707

$674,900

306 1/2 MONTGOMERY STREET, LAUREL, MD, 20707$674,900 Active JUST LISTED

Request More Information

Schools

Student/Teacher ratio

Enrollment

Student/Teacher ratio

Enrollment

Student/Teacher ratio

Enrollment

Student/Teacher ratio

Enrollment

Student/Teacher ratio

Enrollment

Student/Teacher ratio

Enrollment

Student/Teacher ratio

Enrollment

Student/Teacher ratio

Enrollment

Student/Teacher ratio

Enrollment

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306 1/2 MONTGOMERY STREET, LAUREL, MD, 20707
$674,900 Active JUST LISTED