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Property Description
CASH-FLOWING 5-UNIT VALUE-ADD OPPORTUNITY IN LAUREL, MD 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 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, all existing tenants are current on rent, 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 to buyers who provide proof of funds or appropriate financing approval. Located in the City of Laurel 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.
Full Property Details
Full Property Details for 306 Montgomery St
General
- Price: $674,900
- Taxes: $11,008 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: MDPG2214636
- Updated: 8/14/2026
- Added to Site: 5 day(s) ago
Business
- Business Type: Apartment Building
Rooms
Bathrooms
- Restrooms: 5
Parking
- Total Spaces: 10
- Parking Features: Paved Parking, Private, Unassigned
- Parking Type: Parking Lot
Location
- Municipality: Laurel
- County: PRINCE GEORGES
- Subdivision: TALBOTT ESTATES
- Driving Directions: GPS
- City Limits: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 3
- Building Size: 7600
- Year Built: 1900
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.31
- Lot Size (Sq. Ft.): 13,596
- Lot Size Source: Assessor
- Zoning: LAUR
- Lot Description: Backs to Trees, Cleared, Private, Rear Yard
Financial Considerations
- Price Per Sq. Ft.: $88.8
- Assessment Year: 2026
- City/TownTax: $4,242
- City/TownTax Freq: Annually
- County Tax: $5,821
- County Tax Freq: Annually
- Tax w/Assessment: $612,667
- Tax Amount: $11,008
- Tax Year: 2025
- Owner Pays: Common Area Maintenance, Accounting/Legal, Insurance, Lawn/Shrub Care, Heater Maintenance Contract, Repairs, Reserves for Replacement, Snow Removal, Taxes - Personal property, Taxes - Real Estate
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 4
Listed by HomeSmart, India Hall
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Schools
Schools serving 306 Montgomery St
School District:Prince George's County Public Schools
| Name | Grades | Distance |
|---|---|---|
Laurel Elementary School, Laurel, MD 516 Montgomery Street, Laurel, MD 20707 | PK-5 | 0.3 mi |
Dwight D. Eisenhower Middle School 13725 Briarwood Drive, Laurel, MD 20708 | 6-8 | 1.6 mi |
Laurel High School 8000 Cherry Lane, Laurel, MD 20707 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 306 Montgomery St
Date
Details
Price
Change
Source
8/14/2026
Listed
$674,900
42.08%
MLS
5/03/2022
Sold
$475,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 306 Montgomery St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,599
—
$490,200
18%
2023
$5,599
—
$414,867
22%
2023
$5,599
29%
$339,533
29%
2022
$4,357
7%
$264,200
8%
2019
$4,061
-2%
$245,233
8%
2021
$4,127
9%
$226,267
9%
2020
$3,793
—
$207,300
—
2019
$3,797
—
$207,300
—
2018
$3,807
-7%
$207,300
-6%
2017
$4,080
—
$221,200
—
2016
$4,087
3%
$221,200
—
2015
$3,979
-13%
$221,200
-19%
2014
$4,597
—
$273,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 306 Montgomery St
306 Montgomery Street, Laurel, MD 20707 (MLS# MDPG2214636) is a Apartment property. 306 Montgomery Street is currently listed for $674,900 and was received on August 14, 2026. Want to learn more about 306 Montgomery Street? Do you have questions about finding other Apartment real estate for sale in Laurel? You can browse all Laurel real estate or contact a Coldwell Banker agent to request more information.

