Six-Unit Mixed-Use
For Sale
$1,059,000
120 2ND Street, Laurel, MD 20707
Renovated six-unit property with one commercial unit and 20+ parking spaces, currently reported as 100% occupied.
Property Size5,616 SF
Price / SF$188.57
Days on Market231
Property Features for 120 2ND Street
General Information
Standard status
Active
Size
5,616 SF
Property subtype
Multi-family
Zoning
CG
Occupancy
100%
Lease Term
[]
Site & Location
Traffic Count
30,000 vehicles/day
Road Access
Yes
Additional Details
Multifamily Units
5
Building Details
Year Built
1900
Listing Agency:
Samson Properties
Listed By:
Joseph Obeid · License #0673810
(301) 741-7411
Source:
Deepcreeklake
Added: Mar 16
Changed: Oct 31
Last Checked: Oct 30 at 6:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Samson Properties
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Investment Insights
Based on property information with market context.
Renovated six-unit mixed-use building with 5 residential units and 1 commercial unit. The property totals 5,616 SF and is reported as 100% occupied.
Located at 120 2nd Street in Laurel, Maryland, the building is described as situated on Route 1, with 30,000 cars passing by each day. Zoning is listed as CG, and the property includes 20+ commercial parking spaces.
This configuration supports both residential and commercial tenancy within a single, renovated income property.
Located at 120 2nd Street in Laurel, Maryland, the building is described as situated on Route 1, with 30,000 cars passing by each day. Zoning is listed as CG, and the property includes 20+ commercial parking spaces.
This configuration supports both residential and commercial tenancy within a single, renovated income property.
Key Highlights
- Renovated 6‑unit building with 5 residential units and 1 commercial unit
- 5,616 total SF (6 units) built in 1900
- Zoned CG and located at 120 Second Street in Laurel, MD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,606
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,512,120
$1.5M
Cap Rate 7%
$1,080,086
$1.1M
Cap Rate 9%
$840,067
$840.1K
Market Conditions
NOI Build-Up for 5,616 SF
Gross rent
$146.2K $26.04/SF
− Vacancy
−$8.8K −$1.56/SF
EGI
$137.5K $24.48/SF
− OpEx
−$61.9K −$11.01/SF
NOI
$75.6K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,512,120
Cap Rate 7%
$1,080,086
Cap Rate 9%
$840,067
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$945.1K – $1.26M
NOI $75,606 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.81M
$1.59M – $2.11M
NOI $126,819 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
30,000 VPD
Traffic count
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 20707, MD
37,702
Population
15,146
Households
2.5
Avg Household Size
37
Median Age
45%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
2,992
Density / Sq Mi
$104,093
Median Household Income
$58,633
Median Earnings
$1,880
Median Rent
$411,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated six-unit property with one commercial unit and 20+ parking spaces, currently reported as 100% occupied.
Where is this apartment building located?
The property is located at 120 2ND Street Laurel, MD.
What is the asking price?
The asking price for this property is $1,059,000.
What are key features of this property?
This property features: Renovated 6‑unit building with 5 residential units and 1 commercial unit; 5,616 total SF (6 units) built in 1900; Zoned CG and located at 120 Second Street in Laurel, MD
