7 months on rocket

1500 Oates St NE, Washington, DC, 20002

$900,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,602 SqFt
$250/SqFt
Multi

Location

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1500 Oates St NE, Washington$900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDriveway, Detached Carport, Off Street
Year Built1938
HeatingRadiant
CoolingCentral Air
MLS #DCDC2137458
Lot Size0.12 Acres
StatusActive
(ACTIVE)

About 1500 Oates St NE

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

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.

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Washington, DC

City

Med. Sold Price

$672.3K

Med. Price/SqFt

$511

Avg. Days On Market

43

# of Sold Homes

485

1500 Oates St NE vs Washington

219 DAYS ON ROCKET

+176 Days

$900,000

+$227.6K More

$250/SqFt

-$261 Less

KEY TAKEAWAY

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

IDX 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.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,504$624,840
2019$1,435$573,930
2018$1,373$507,140
2017$1,252$452,720

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

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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.

Nearby Schools

school-card-donut-571134
6
/10

  • Kipp Dc - Spring Academy Public Charter School

  • 1375 Mount Olivet Rd NE

  • 0.29 miles

  • Public Charter Grades 1-4

school-card-donut-571135
3
/10

  • Miner Elementary School

  • 601 15th St NE

  • 0.42 miles

  • Public District Grades EE-5

school-card-donut-571136
8
/10

  • School-Within-School at Goding

  • 704 26th St NE

  • 0.62 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,895. The most common annual income of people living in Washington, DC is between $35k-100k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›District of Columbia›Washington›20002›1500 Oates St NE

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.

Washington, DC housing market in October 2024 saw over 142 listings sold above listed price, more than 118 sold at listed price and over 225 sold below. In October 2024 in Washington, DC there were 21.3% more homes for sale than in September 2024. While the average time on the market in October 2024 was 43 days, the median list price was $672,329.

From Rocket Homes Real Estate and based on county public records data.

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