242 Oakwood Street SE
Washington, DC 20032
- – beds
- – baths
- 2,484 sqft
- 4,905 sqft lot
- $181 per sqft
- 1943 build
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!
Listing courtesy of BRIGHT / Samson Properties
Last checked:
Checking…
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Last updated Nov 15, 2024
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MLS# DCDC2165650 —
The Building
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Year Built:1943
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick
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Structure Type:Other
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Architectural Style:Traditional, Unit/Flat
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Building Units Total:4
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Accessibility Features:None
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:2484
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:2484
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Living Area SqFt:2,484 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional
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Possession:0-30 Days CD, 120-180 Days
Location
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Directions:Please use GPS
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Latitude:38.84789000
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Longitude:-77.00389000
The Property
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Property Type:Multi-Family
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Property Subtype:Quadruplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.11
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Lot Size Source:Assessor
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Lot SqFt:4,905 Sqft
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Zoning:R-3
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Water View:No
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Soil Types:Chillum-Urban Land Complex
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (202) 656-8271
- Office phone:
- (202) 938-0228
Taxes
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Tax ID Number:5999//0003
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Tax Year:2023
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Tax Lot:3
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Tax Annual Amount:$3,437
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Tax Assessed Value:$404,350
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Year Assessed:2023
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City/Town Tax:3437.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Hot Water
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Private Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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Elementary School:King
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Middle School:Hart
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High School:BALLOU SENIOR
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School District Name:District Of Columbia Public Schools
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Association Recreation Fee:No
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Transportation:Bus Stop less than 1 mile
Parking
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Garage:No
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Type of Parking:Parking Lot
Extra Units
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Vacation Rental:No
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One Bedroom Units:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/14/24
Nov 14, 2024
|
Listed / Active | BRIGHT | $450,000 |