Five-Unit Apartment
For Sale
$674,900
306 Montgomery St, Laurel, MD 20707
Income-producing property with four occupied apartments, one vacancy, rear parking, and varied unit improvements.
Property SizeContact for details
Days on Market9
Property Features for 306 Montgomery St
General Information
Standard status
Active
Property subtype
Commercial
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$11,008
Amenities
Backs to Trees
Cleared
Private
Rear Yard
Building Details
Year Built
1900
Listing Agency:
HOMESMART
(301) 352-4065
Listed By:
INDIA HALL · License #SP200205324
Source:
Corcoran
Added: Aug 13
Changed: Aug 18
Last Checked: Aug 20 at 6:31AM
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 HOMESMART
Investment Insights
Based on property information with market context.
Built in 1900, this multifamily property contains five apartments, each configured with 2 bedrooms and 1 bath. Four units are occupied and one is vacant, creating an existing income base alongside a unit available for renovation. Two occupied apartments have updated kitchens, while finishes and conditions vary among the units.
Rear parking serves the property, and established management has been in place for years. The building is located at 306 Montgomery St in Laurel, MD 20707, with access to the Baltimore-Washington corridor and major commuter routes. Current tenants are described as being current on rent, and the property is currently producing rental income. Interior listing photos depict the vacant unit only.
Rear parking serves the property, and established management has been in place for years. The building is located at 306 Montgomery St in Laurel, MD 20707, with access to the Baltimore-Washington corridor and major commuter routes. Current tenants are described as being current on rent, and the property is currently producing rental income. Interior listing photos depict the vacant unit only.
Key Highlights
- Five apartments, each with 2 bedrooms and 1 bath
- Four units occupied; Unit 5 is vacant
- Two occupied units have received kitchen updates
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,906
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing property with four occupied apartments, one vacancy, rear parking, and varied unit improvements.
Where is this apartment building located?
The property is located at 306 Montgomery St Laurel, MD.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Five apartments, each with 2 bedrooms and 1 bath; Four units occupied; Unit 5 is vacant; Two occupied units have received kitchen updates
