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Listed by Steve Miller • Cummings & Co. Realtors
$ 375,000
Est. payment /mo
Active
417 PRINCE GEORGE ST Laurel, MD 20707
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDPG2224154
Year Built 1930
Annual Tax Amount $10,513
Tax Year 2026
Lot Size 0.318 Acres
Acres 0.32
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Investor special in the heart of Laurel. An opportunity for investors, contractors, or buyers looking to take on a substantial renovation project and unlock the potential of a 5-unit multifamily property. This property features five separate units, each offering one bedroom and one full bathroom plus living space. A common entrance services all units. The first floor has two units and second floor has two units. Per Seller roof was replaced in 2023 and there is a warranty from the roofing company via GAF that will transfer to the new owner.
The building requires extensive repairs and renovation, offering an opportunity for a buyer to reimagine the property with a nod to its historic charm and features, and add value through improvements. Value adds could include coin-operated laundry for the tenants in the basement, storage space rentals, adding off street parking pending local government approval and more pending approval.
Situated in historic downtown Laurel, residents can enjoy convenient access to local shops, restaurants, parks, public transportation, and commuter routes. With its established location and five-unit configuration, this property presents an opportunity for an investor with vision to undertake a renovation and explore its long-term income-producing potential. With all five units vacant, a new owner can evaluate the property as a whole and plan renovations with their investment strategy in mind. Bring your contractor, evaluate the possibilities, and envision the potential.
The building requires extensive repairs and renovation, offering an opportunity for a buyer to reimagine the property with a nod to its historic charm and features, and add value through improvements. Value adds could include coin-operated laundry for the tenants in the basement, storage space rentals, adding off street parking pending local government approval and more pending approval.
Situated in historic downtown Laurel, residents can enjoy convenient access to local shops, restaurants, parks, public transportation, and commuter routes. With its established location and five-unit configuration, this property presents an opportunity for an investor with vision to undertake a renovation and explore its long-term income-producing potential. With all five units vacant, a new owner can evaluate the property as a whole and plan renovations with their investment strategy in mind. Bring your contractor, evaluate the possibilities, and envision the potential.
Location
State MD
County Prince Georges
Zoning LAUR
Interior
Hot Water Other
Heating Forced Air
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Tax ID 17101045772
Ownership Fee Simple
Special Listing Condition Standard
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