Six-Unit Mixed-Use
120 2ND Street Laurel, MD 20707
120 2ND Street, Laurel, MD, 20707
$1,059,000
For Sale
$1,059,000
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 Market26
Property Features for 120 2ND Street
General Information
- Standard status
- Active
- Size
- 5,616 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Samson Properties
(301) 741-7411
Listed by
Joseph Obeid · License #0673810
Source
Deepcreeklake
Added: Jun 26 Updated: Jul 21 at 5:45PM Checked: Jul 21 at 5:45PM
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
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
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 |
5,616 SF · lease $26.16/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$947.4K – $1.26M
NOI $75,793 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,998 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Providence Auto Rentals
Car Rental Facility
meovalor electric
General Contractor
Construction Law Group
Law Firm
Nichols & Hurtt Lawyers
Law Firm
James Nancy
Law Firm
Similar For Sale Nearby
FAQs
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
