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$1,395,000 -$100,000 (-6.69%) Price Reduced

  • For Sale
  • Active
  • Commercial Institutional
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Portfolio Sale - Prime Mixed-Use Opportunity in Downtown Laurel. An opportunity to acquire a mixed-use portfolio consisting of a fully leased mixed-use building plus two additional contiguous residential lots, all offered together and not to be sold separately. The mixed-use property features three second-floor residential apartments generating rental income, along with a first-floor retail space offering strong visibility and income potential. Ideal for investors seeking steady cash flow with upside. Also included are two separate residential lots located at 601 and 603 Park Avenue, the lots are contiguous providing tremendous development or expansion potential. 601 Park Ave lot: 6,809 sq ft 603 Park Ave lot: 6,371 sq ft. The building is located just minutes from downtown Laurel, this portfolio offers proximity to shops, dining, transportation, and ongoing area growth. A unique opportunity to own income-producing mixed-use real estate plus additional land in a high-demand location.

Full Property Details for 602 Montgomery St

General

  • Price: $1,395,000
  • Taxes: $11,044 (2025)
  • Status: Active
  • Type: Commercial Institutional
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDPG2186352
  • Updated: 5/18/2026
  • Added to Site: 152 day(s) ago

Business

  • Business Type: Day Care Facility, Hair Salon and Spa, Other/General

Interior

  • Flooring: Vinyl, Wood

Parking

  • Total Spaces: 20
  • Parking Features: Unassigned
  • Parking Type: Driveway, On Street, Parking Lot

Location

  • Municipality: Laurel
  • County: PRINCE GEORGES
  • Subdivision: LAUREL PARK
  • Cross Streets: 6th Street
  • Driving Directions: Directions from I-95/Take I-95 to Exit 33B for MD-198 East toward Laurel/Continue on MD-198 E (Fort Meade Rd) for about 2.5 miles/Turn left onto Montgomery St/Continue straight — 602 Montgomery St will be on your right.
  • Location Details: Free Standing
  • City Limits: Yes

School Information

  • High School: Laurel

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Window Unit(s), Central A/C
  • Cooling Fuel: Electric
  • Heating Type: 90% Forced Air, Central
  • Heating Fuel: Oil
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Multiple Phone Lines, Natural Gas Available

Structural Information

  • Construction: Brick, Block, Vinyl Siding
  • Foundation: Brick/Mortar
  • Roof: Tar/Gravel
  • Stories/Levels: 2
  • Building Size: 6185
  • Year Built: 1947
  • Year Built Source: Assessor
  • Property Condition: Good

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 3

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 7,023
  • Lot Size Source: Assessor
  • Street/Road Desc.: Black Top
  • Zoning: LAUR
  • Lot Description: Adjoins - Open Space

Financial Considerations

  • Price Per Sq. Ft.: $225.55
  • Assessment Year: 2025
  • City/TownTax: $4,257
  • City/TownTax Freq: Annually
  • County Tax: $5,840
  • County Tax Freq: Annually
  • Tax w/Assessment: $599,600
  • Tax Amount: $11,044
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 13

Listed by Samson Properties, Noemy M Conaway

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Listing agent

— 602 Montgomery St —

  • Noemy M Conaway

    Samson Properties

Listing Office Email: donnysamson@samsonproperties.net

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 602 Montgomery St

School District:Prince George's County Public Schools
NameGradesDistance
Laurel Elementary School, Laurel, MD
516 Montgomery Street, Laurel, MD 20707
PK-50.1 mi
Dwight D. Eisenhower Middle School
13725 Briarwood Drive, Laurel, MD 20708
6-81.8 mi
Laurel High School
8000 Cherry Lane, Laurel, MD 20707
9-121.1 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 602 Montgomery St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/18/2026
Price Reduced
$1,395,000
-6.69%
MLS
12/18/2025
Listed
$1,495,000
86.88%
MLS
11/08/2021
Sold
$800,000
—
Public Record
Get Price Alerts and Save Property
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 for 602 Montgomery St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,990
—
$599,600
5%
2023
$8,990
—
$572,400
5%
2023
$8,990
5%
$545,200
5%
2022
$8,542
-8%
$518,000
3%
2019
$9,325
4%
$504,000
3%
2021
$8,986
-7%
$490,000
3%
2020
$9,696
—
$476,000
—
2019
$9,705
—
$475,967
—
2018
$9,728
—
$475,933
—
2017
$9,775
1%
$475,900
—
2016
$9,704
2%
$473,533
1%
2015
$9,473
1%
$471,067
1%
2014
$9,368
—
$468,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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with our affiliated lender
NMLS#: 1598647

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Listed by Samson Properties, Noemy M Conaway

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602 Montgomery Street, Laurel, MD 20707 (MLS# MDPG2186352) is a Commercial Institutional property. 602 Montgomery Street is currently listed for $1,395,000 and was received on December 18, 2025. Want to learn more about 602 Montgomery Street? Do you have questions about finding other Commercial Institutional real estate for sale in Laurel? You can browse all Laurel real estate or contact a Coldwell Banker agent to request more information.

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