Renovated Six-Unit Apartment
For Sale
$1,059,000
120 2ND Street, Laurel, MD 20707
Multi-Family, LAUREL, MD
Property Size5,616 SF
Lot Size0.21 Acres
Price / SF$188.57
Days on Market95
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
Elementary school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Middle school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
High school district
PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
5,616 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
8660
Utilities
Heating system
Other (Heating), Forced Air
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1900
Number of units
4
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Samson Properties
(301) 760-2136
Listed By:
Joseph Obeid · License #0673810
(301) 741-7411
Added: Jul 8
Changed: Sep 16
Last Checked: Oct 10 at 2:06AM
MLS# MDPG2210260
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.
This renovated six-unit apartment building contains five residential units and one commercial unit within 5,616 square feet. The brick Colonial property was built in 1900 and includes combination kitchen and dining areas, an attic, a store or office area, and bathroom tub-shower configurations. Appliances include gas cooking equipment, refrigerators, microwaves, washers, and dryers. Heating is provided by forced air and other systems, with both central air and window units present.
The property occupies 0.2057 acres at 120 2nd Street in Laurel, Maryland, with frontage along RT 1. The site includes a fenced parking lot with 20+ commercial parking spaces and special-needs parking. Zoned CG, the building is reported as 100% occupied and combines residential and commercial occupancy in one asset.
The property occupies 0.2057 acres at 120 2nd Street in Laurel, Maryland, with frontage along RT 1. The site includes a fenced parking lot with 20+ commercial parking spaces and special-needs parking. Zoned CG, the building is reported as 100% occupied and combines residential and commercial occupancy in one asset.
Key Highlights
- Six‑unit configuration with 5 residential units and 1 commercial unit
- 5,616 square feet on 0.2057 acres
- CG zoning with mixed residential and commercial occupancy
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
Mixed Use
$1.01M
$885.1K – $1.18M
NOI $70,804 @ 7.0% cap · market cap 6.69%
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.
Property Analytics
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Current Use
Lease Details
5
Residential units
30,000 VPD
Traffic count
100%
Occupancy
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated mixed-use property with residential units, a commercial suite, and dedicated parking.
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: Six‑unit configuration with 5 residential units and 1 commercial unit; 5,616 square feet on 0.2057 acres; CG zoning with mixed residential and commercial occupancy
