Bought with Stuart L Reynolds • Reynolds Real Estate Co. LLC
$320,000
$450,000
28.9%For more information regarding the value of a property, please contact us for a free consultation.
242 OAKWOOD ST SE Washington, DC 20032
2,484 SqFt
Key Details
Sold Price $320,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,484 sqft
Price per Sqft $128
MLS Listing ID DCDC2165650
Sold Date 08/04/25
Style Traditional,Unit/Flat
Abv Grd Liv Area 2,484
Year Built 1943
Available Date 2024-12-05
Annual Tax Amount $3,578
Tax Year 2024
Lot Size 4,905 Sqft
Acres 0.11
Property Sub-Type Quadruplex
Source BRIGHT
Property 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 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!
Location
State DC
County Washington
Zoning R-3
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Private Sewer
Water Public
Architectural Style Traditional, Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools King
Middle Schools Hart
High Schools Ballou Senior
School District District Of Columbia Public Schools
Others
Tax ID 5999//0003
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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