8 days on rocket

242 Oakwood St SE, Washington, DC, 20032

$450,000

Home List Price

$5,344*

Closing Credit

0 Baths
2,484 SqFt
$181/SqFt
Multi

Location

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242 Oakwood St SE, Washington$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingParking Lot
Year Built1943
HeatingHot Water
CoolingNone
MLS #DCDC2165650
Lot Size0.11 Acres
StatusActive
(ACTIVE)

About 242 Oakwood St SE

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional, Unit/Flat
  • Year Built: 1943
  • Living Area: 2,484 SqFt

Listing Office:

  • Office Name: Samson Properties
  • Office Phone: (202) 938-0228
  • Listing Agent: Kendell Brian Simpson

Exterior Features

Parking Information:

  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: None

Other

Directions Information:

  • Directions: Please use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $181/SqFt

Tax Information:

  • Annual Amount: $2,584
  • 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

242 Oakwood St SE vs Washington

8 DAYS ON ROCKET

-35 Days

$450,000

-$222.3K Less

$181/SqFt

-$330 Less

KEY TAKEAWAY

This property is $222.3K less than the Median Sold Price and $330/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: #DCDC2165650

Listing Office:

  • Office Name: Samson Properties
  • Office Phone: (202) 938-0228
  • Listing Agent: Kendell Brian Simpson

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: 11/17/2024, 9:20:53 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$2,584$303,950
2019$2,461$289,640
2018$2,301$270,760
2017$2,248$264,510

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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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-418981
3
/10

  • Martin Luther King Elementary School

  • 3200 6th St SE

  • 0.49 miles

  • Public District Grades EE-5

school-card-donut-418982
3
/10

  • Simon Elementary School

  • 401 Mississippi Ave SE

  • 0.85 miles

  • Public District Grades EE-5

school-card-donut-418983
5
/10

  • Kipp Dc - Heights Academy Public Charter School

  • 2600 Douglass Rd SE

  • 0.99 miles

  • Public Charter Grades 1-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,893. Residents of Washington, DC typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›District of Columbia›Washington›20032›242 Oakwood St SE

This home is located at 242 Oakwood St SE in Washington, DC and zip code 20032 in the Congress Heights / Bellevue / Washington Highlands neighborhood. This 2,484 square foot home, which was built in 1943, sits on a 0.11 acre lot. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $450,000.

While more than 142 listings in Washington, DC in October 2024 were sold above asking price, there were more than 118 listings sold at asking price, and 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%. In October 2024, listings were on the market for 43 days. During the same period, the median list price in this real estate market was $672,329.

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

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