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 Market118
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: May 11
Changed: Sep 4
Last Checked: Sep 5 at 8:38AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,793
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,515,860
$1.5M
Cap Rate 7%
$1,082,757
$1.1M
Cap Rate 9%
$842,144
$842.1K
Market Conditions
NOI Build-Up for 5,616 SF
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.
Gross rent
$146.9K $26.16/SF
− Vacancy
−$9.1K −$1.62/SF
EGI
$137.8K $24.54/SF
− OpEx
−$62.0K −$11.04/SF
NOI
$75.8K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,515,860
Cap Rate 7%
$1,082,757
Cap Rate 9%
$842,144
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 authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
