120 2ND Street Laurel, MD 20707
MULTI_FAMILY - Colonial - LAUREL, MD
- Added:
- Jul 8, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 10 at 10:06 pm
Property Features for 120 2ND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room
- Parking features
- Special Needs, Parking Lot, Fenced
- Interior features
- Combination Kitchen/Dining, Attic, Bathroom - Tub Shower, Store/Office
- Appliances
- Dryer, Microwave, Oven/Range - Gas, Refrigerator, Washer
- Standard status
- Active
- Size
- 5,616 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8660
Utilities
- Heating system
- Forced Air, Other (Heating)
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1900
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Colonial
Listing agent Joseph Obeid License #0673810 (301) 741-7411
Listing office Samson Properties 5021 Wilson Lane, Chantilly, MD (301) 760-2136
Listing date Jul 8, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The building is located at 120 2nd Street in Laurel, Maryland, and is described as being situated on Route 1, where 30,000 cars pass by each day. The property is listed as zoned CG.
The unit mix and on-site parking support tenants seeking a combined residential and commercial setup under one ownership. The listing indicates the property is 100% occupied, and it is being offered for sale with a stated recent $100,000 price reduction. For investors and operators evaluating a low-rise, garden-style multifamily asset with an included commercial component, this property presents a straightforward option centered on its existing occupancy and established parking.
Key Highlights
- 6‑unit multifamily building with 5,616 total SF, including 5 residential units and 1 commercial unit
- Zoned CG and located on RT 1, with 30,000 cars passing by each day
- 20+ commercial parking spaces with fenced parking lot and special‑needs parking
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.9k | $26.16 |
| − Vacancy | −$9.1k | −$1.62 |
| EGI | $137.8k | $24.54 |
| − OpEx | −$62.0k | −$11.04 |
| NOI | $75.8k | $13.50 |
