WOW!!!! This is an Amazing Opportunity to Own a great home, in a great neighborhood, and have two 2 units for you to supplement the Mortgage. Use a DSCR loan and use the rental units' income to help you pay for the property!! Or turn the spacious upstairs Owner's Suite unit into 2 units, live in one, and rent out 3 units. Either way, you win! Sooooo many options. This Apartment Building is well maintained and features Central Air Conditioning, Gas Hot Water Radiator Heating, a Washer and Dryer in each unit, a Covered Carport with Off-Street parking for two cars, a storage shed, a small yard, and most of all AN AWESOME LOCATION, LOCATION, LOCATION!!! ***Showing will be by Appointment only, with the Listing agent.***** As per standard procedure, Buyer(s) must provide Proof of Funds and an approval letter from a local, reputable lender, before the appointment will be set. There is no lockbox. This building has great tenants with short-term Leases. This is a fantastic opportunity to create generational wealth and City living. This property is a short distance from H St, Gallaudet, Hechinger Mall and so much more. I look forward to the excitement on your face, once you see this place! No Hard Money deals please. Buyer must show Proof of Funds in the Bank under their name!!! Please contact me, or your Realtor, to schedule an appointment. 2 of the units are rented, so I must be with you for the showing. No Appointment, No Access!! Note the 3rd unit is the entire top level. This home may have been a 4 unit at one time.
Property Details
Property Features
Property Information:
Architectural Style: Traditional, Unit/Flat
Year Built: 1938
Living Area: 3,602 SqFt
Listing Office:
Office Name: Sellstate Dominion Realty
Office Phone: (301) 333-1111
Listing Agent: Lorence C Ottley
Interior Features
Interior Information:
Appliances: Dryer, Refrigerator, Stove, Washer
Exterior Features
Parking Information:
Parking: Driveway, Detached Carport, Off Street
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Radiant
Cooling: Central Air
School Info
Assigned Schools Information:
Dunbar High School, Public District Grades 9-12
Wheatley Education Campus, Public District Grades EE-8
Other
Directions Information:
Directions: NY Ave to Bladensberg Rd toward H St NE. Right turn on Oates St NE to 1500 (No Sign)
Price Information
Listing Price Info
Price Summary:
List Price: $900,000
Price Per SqFt: $250/SqFt
Tax Information:
Annual Amount: $1,504
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Washington, DC.
This property is $227.6K more than the Median Sold Price and $261/SqFt less than other homes in Washington, DC.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #DCDC2137458
Listing Office:
Office Name: Sellstate Dominion Realty
Office Phone: (301) 333-1111
Listing Agent: Lorence C Ottley
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 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. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Wheatley Education Campus
1299 Neal St NE
Distance between this listing and this school0.29 miles
Public District Grades EE-8
High School
4
/10
Dunbar High School
101 North St Nw
Distance between this listing and this school1.74 miles
Public District Grades 9-12
Assigned Schools
4
/10
Wheatley Education Campus
1299 Neal St NE
Distance between this listing and this school0.29 miles
Public District Grades EE-8
Nearby Schools
6
/10
Kipp Dc Spring Academy
1375 Mount Olivet Rd NE
Distance between this listing and this school0.29 miles
Public Charter Grades KG-KG
3
/10
Miner Elementary School
601 15th St NE
Distance between this listing and this school0.38 miles
Public District Grades EE-5
Nearby Schools
5
/10
McKinley Middle School
1200 I St NE
Distance between this listing and this school0.39 miles
Public District Grades 6-8
4
/10
Center City Trinidad Campus Public Charter School
1217 W Virginia Ave NE
Distance between this listing and this school0.47 miles
Public Charter Grades PK-8
4
/10
Friendship Public Charter School Blow-Pierce Middle School
725 19th St NE
Distance between this listing and this school0.50 miles
Public Charter Grades 6-8
Assigned Schools
4
/10
Dunbar High School
101 North St Nw
Distance between this listing and this school1.74 miles
Public District Grades 9-12
Nearby Schools
8
/10
Phelps Architecture Construction and Engineering H
704 26th St NE
Distance between this listing and this school0.60 miles
Public Magnet Grades 9-12
2
/10
Eastern High School
1700 E Capitol St NE
Distance between this listing and this school0.92 miles
The neighbors living near this home have an average income of $42,895. The majority of Washington, DC residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 1500 Oates St NE in Washington, DC and zip code 20002 in the Northeast neighborhood. This 3,602 square foot home, which was built in 1938, sits on a 0.12 acre lot. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $900,000.
In October 2024 more than 142 listings in Washington, DC were sold above the asking price. During the same period more than 118 listings were sold at asking price, while more than 225 were sold below. Between September 2024 and October 2024, Washington, DC real estate market has seen increase in the number of listings by 21.3%. The median list price of listings available in October 2024 was $672,329, while the average time on the real estate market was 43 days.
From Rocket Homes Real Estate and based on county public records data.