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120 2nd StreetLaurel, MD 20707Price: $1,059,000

  • Price: $1,059,000
  • 50 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Jul 9, 2026
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  • 0.21Acreage
  • 1900Year Built
  • LaurelUsmArea
  • SuburbanLocationType
Introducing a prime investment opportunity at 120 Second Street, Laurel, MD. This beautifully renovated 6- UNIT building spanning 5,616 total SF is ideal for a discerning Multifamily / Low-Rise investor who wants to add Commercial to their portfolio. Zoned CG and strategically located in the sought-after Laurel area, this property offers a lucrative rental potential and a strong foundation for long-term growth. Don't miss the chance to add this exceptional asset to your portfolio and capitalize on the thriving real estate market. This property includes 5 residential units and 1 commercial unit, and 20 commercial parking spaces. Situated on RT 1 where 30,000 cars pass by each day. 100% Occupied. Some units are rented below market- value add opportunity.
Listed by Joseph Obeid of Samson Properties

Driving Directions

Railey Vacations
Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

More Info

Location Information

  • UsmAreaLaurel

Parking

  • Parking FeaturesFenced, Handicap Parking, Lighted Parking, Paved Parking, Private
  • Parking TypesParking Lot

Basic Information

  • Date Listed05/26/2026

Location

  • Address120 2nd Street
  • Building Number120
  • CountyPrince Georges
  • DirectionsFrom 95 north, take the 216 exit (35A). Drive straight past All Saints Rd, turn left on Montgomery St. drive down until you get to 2nd St, then turn left. Building will be on your right hand side
  • In City Limits YNYes
  • IncorporatedcitynameLaurel
  • StateMD
  • TownLaurel
  • Zip20707

Amenities

  • Accessibility Amenities2+ Access Exits, Level Entry - Main

Basic Information

  • Broker NameSamson Properties
  • List Price$1,059,000
  • LocationTypeSuburban
  • MLS NumberMDPG2204552
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot189
  • Security FeaturesCarbon Monoxide Detector(s), Smoke Detector
  • StatusACT
  • Units6

Building

  • Building Area SourceAssessor
  • Building Area Total5616
  • Construction MaterialsBrick
  • FoundationSlab
  • Total Garage And Parking Spaces20
  • Year Built1900
  • Year Built Effective2020

Utilities

  • Central Air YNYes
  • CoolingCentral A/C, Window Unit(s)
  • Cooling FuelElectric
  • Heat SystemForced Air, Radiator
  • Heating FuelNatural Gas
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterNatural Gas
  • Water SourcePublic

Tax Information

  • Assessment Year2026
  • City Town Tax$3,338
  • City Town Tax Payment FrequencyAnnually
  • County Tax$4,580
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$473,933
  • Tax Year2025
  • Taxes$8,660
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.21
  • Business TypeApartment Building, Bed and Breakfast, Flex, Hair Salon and Spa, Health Club, Medical, Other/General Retail, Professional, School
  • Lot Size SourceAssessor
  • Lot Size Square Feet8,959
  • New Construction YNN
  • Property ConditionExcellent
  • Property SubTypeFive Or More Units
  • ZoningLAUR
  • Zoning DescriptionCG

Other

  • Gross Scheduled Income99600

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Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated July 14, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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