242 Oakwood Street Southeast

Washington, DC 20032

$450,000
Price
Beds
2,484 Sq. Ft.
$181 / Sq. Ft.
2,484
Sq. Ft.
$181
per Sq. Ft.

Description

Investment Opportunity in Congress Heights! This 4-unit multifamily property offers excellent potential for the savvy investor. Each of the four units features 1 bedroom and 1 bathroom, providing stable rental income with room for growth. With ample space at the rear of the property, there’s an exciting opportunity to expand the building footprint, improve the existing parking lot, or explore conversion options. The building requires a general overhaul and is priced accordingly, allowing the next...Investment Opportunity in Congress Heights! This 4-unit multifamily property offers excellent potential for the savvy investor. Each of the four units features 1 bedroom and 1 bathroom, providing stable rental income with room for growth. With ample space at the rear of the property, there’s an exciting opportunity to expand the building footprint, improve the existing parking lot, or explore conversion options. The building requires a general overhaul and is priced accordingly, allowing the next owner to add modern updates and possibly reconfigure into two larger units for a more tailored rental portfolio. Located in the heart of Congress Heights, close to transit, shopping, and city amenities. Don't miss this value-add investment with endless possibilities!
  1. Listed by Kendell Brian Simpson • Samson Properties
    P: (202)-656-8271 kendellsimpsonrealtor@gmail.com

Property Details for 242 Oakwood Street Southeast

Tax ID Number
5999//0003
Ownership
Fee Simple
Structure Type
Other
Style
Traditional, Unit/Flat
Waterfront
No
Garage
No
Expected On Market Date
12-05-2024
Legal Subdivision
Congress Heights
LISTING UPDATED: 11/14/2024 02:28 PM

Property Details for 242 Oakwood Street Southeast

StatusActive
MLS #DCDC2165650
Days on Market4
Taxes$3,437 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1943
Lot Size0.11 AC / 4,905 SF
CountyDistrict of Columbia

Building Information for 242 Oakwood Street Southeast

Stories-Residences4Year Built1943Building Size-Lot Size0.11 AC / 4,905 SF

Property Information for 242 Oakwood Street Southeast

Location
Location
  • In City Limits: Yes
  • Transportation: Bus Stop less than 1 mile
  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District County ID: 121140357950
  • SchoolDistrictSource: Listing Agent
  • Elementary School: KING (WASHINGTON DC)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: HART (WASHINGTON DC)
  • MiddleSchoolSource: Listing Agent
  • High School: BALLOU SENIOR (WASHINGTON DC)
  • HighSchoolSource: Listing Agent
  • County: WASHINGTON
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $404,350
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $249,300
  • City Town Tax: $3,437
  • Land Assessed Value: $155,050
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: R-3
  • Tax Lot: 3
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 4
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Number Of Units Vacant: 2
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,484.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Soil Types: Chillum-Urban Land Complex
  • Parcel ID: 16106203
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Parking Lot
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Hot Water
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Private Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Capital Area Association of REALTORS

Property History for 242 Oakwood Street Southeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 242 Oakwood Street Southeast

Taxable ValueLand$159,560Additions$261,430Total$420,990
Tax Record2024$3,578 ($298 / month)
Home Facts
Baths4Total Finished SqFt2,484 SqFtAbove Grade Finished SqFt2,484 SqFtStories2Lot Size4,905 SqFtStyleMulti-Family Dwelling (2-4)Year Built1943ZoningR-3CountyDISTRICT OF COLUMBIAAPN5999 0003

Schools near 242 Oakwood Street Southeast

This home is within District Of Columbia Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
King Elementary School
PublicPK to 5

Hart Middle School
Public6 to 8

Ballou High School
Public9 to 12

Ballou STAY High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

242 Oakwood Street Southeast is a multi-family home for sale in Washington, DC 20032. This property was listed for sale on November 11, 2024 by Samson Properties, it's currently listed at $450,000. This listing's school district is District Of Columbia Public Schools. Nearby schools include King Elementary School, Hart Middle School and Ballou High School. 242 Oakwood Street Southeast is a 0-bed, 0-bath, 2,484 sqft multi-family home built in 1943.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Samson Properties

© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 11/14/2024 02:28 PM