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306 1/2 Montgomery St, Laurel
$674,900
10 Beds ⋅ 5 Baths
CASH-FLOWING 5-UNIT VALUE-ADD OPPORTUNITY IN THE CITY OF LAUREL HISTORIC DISTRICT An opportunity for the investor looking for income today with room to create additional value tomorrow. 306 1/2 Montgomery Street is an established five-unit multifamily property (apartment building) featuring five 2-bedroom, 1-bath apartments, with four units currently occupied and one vacant. Large lot with rear parking. The property is currently cash-flowing and consistent property management has been in place for years—providing an incoming owner with an established operational foundation from day one. This is not being positioned as a fully renovated or turnkey asset. It is a value-add opportunity for an investor who recognizes the potential in improving an already income-producing property over time. Two of the four occupied units have received kitchen updates, while additional improvements throughout the building provide an opportunity to further enhance the property, rents, and long-term asset value. Unit 5 is currently vacant and represents the most immediate opportunity for renovation and repositioning. Interior photos shown in the listing are of Unit 5 only. Individual units have different interior layouts and flow, and the condition and improvements vary by unit. For investors who prefer to evaluate the numbers before pursuing an opportunity, a selling portfolio is available to qualified buyers and includes property financials, existing leases, rent information, and additional photographs of the occupied units. To respect tenant privacy and minimize unnecessary disruption, this information will be made available upon request taking proper steps for confidentiality. Located in the City of Laurel Historic District with access to the Baltimore-Washington corridor, major commuter routes and a strong surrounding employment base, this property offers the combination value-add investors look for: existing income, established tenancy and management, a vacant unit ready for improvement, and additional opportunity to strengthen performance over time. Acquire the income that is already in place—and bring your strategy for what comes next. DO NOT DISTURB TENANTS.

306 1/2 Montgomery St, Laurel

Listing courtesy of HomeSmart. Contact:

1103 Montgomery St, Laurel
$499,900
4 Beds ⋅ 3 Baths
This charming detached home offers a perfect blend of historic character and modern comfort. With 1,960 sq. ft. of living space, the interior features a spacious layout with four inviting bedrooms and two and a half bathrooms, ideal for both relaxation and entertaining. The unfinished basement provides ample storage or the potential for a creative workspace. Nestled on a 0.15-acre lot, the property boasts a convenient asphalt driveway with space for two vehicles. The attic offers additional storage or the opportunity to create a cozy retreat. Located in a vibrant neighborhood, you'll enjoy easy access to local parks, shops, and dining options, making it a wonderful place to call home. Embrace the charm and potential of this delightful residence, where comfort and convenience come together beautifully.

1103 Montgomery St, Laurel

Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty. Contact: