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!
Sold for $320,000
$320,000
242 Oakwood St SE, Washington, DC 20032
4beds
--baths
2,484sqft
Quadruplex
Built in 1943
-- sqft lot
$-- Zestimate®
$129/sqft
$4,717 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,717/mo
Zestimate® history
Owner options
List your home for rent
$4,717/mo
Rent Zestimate®
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$4,717/mo
Rent Zestimate®
Refinance and save
$1,526/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,526/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Kendell Simpson 202-656-8271,
Samson Properties
Bought with:
Stu Reynolds, BR98357863
Reynolds Real Estate Co. LLC
Source: Bright MLS,MLS#: DCDC2165650
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 0
Heating
- Hot Water, Electric
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,484
- Total interior livable area: 2,484 sqft
Property
Parking
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 4,905 sqft
- Features: Chillum-Urban Land Complex
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 5999//0003
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
Materials
- Brick
Condition
- New construction: No
- Year built: 1943
Utilities & green energy
- Sewer: Private Sewer
- Water: Public
Community & neighborhood
Location
- Region: Washington
Other
Other facts
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2025 | Sold | $320,000-28.9%$129/sqft |
Source:  Bright MLS #DCDC2165650 Report a problem | ||
| 3/18/2025 | Contingent | $450,000$181/sqft |
Source: Bright MLS #DCDC2165650 Report a problem | ||
| 11/14/2024 | Listed for sale | $450,000$181/sqft |
Source: Bright MLS #DCDC2165650 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,702 +3.4% | $435,500 +3.4% |
| 2024 | $3,578 +4.1% | $420,990 +4.1% |
| 2023 | $3,437 +12% | $404,350 +12% |
| 2022 | $3,069 +10.2% | $361,040 +10.2% |
| 2021 | $2,784 +7.8% | $327,580 +7.8% |
| 2020 | $2,584 +12.3% | $303,950 +12.3% |
| 2018 | $2,301 +2.4% | $270,760 +2.4% |
| 2017 | $2,248 +19.6% | $264,510 +19.6% |
| 2016 | $1,880 +11.1% | $221,150 +11.1% |
| 2015 | $1,692 +8.5% | $199,090 +8.5% |
| 2014 | $1,560 -1.4% | $183,560 -1.4% |
| 2013 | $1,582 -5.7% | $186,130 -5.7% |
| 2012 | $1,677 | $197,280 |
| 2011 | $1,677 -24.3% | $197,280 -24.3% |
| 2010 | $2,216 -4.6% | $260,730 -4.6% |
| 2009 | $2,322 +25.4% | $273,190 +29.8% |
| 2007 | $1,852 +34.8% | $210,480 +40.9% |
| 2006 | $1,374 +15.1% | $149,340 +20.1% |
| 2005 | $1,194 +15.5% | $124,370 +15.5% |
| 2004 | $1,034 +39.1% | $107,710 +39.1% |
| 2003 | $743 +6% | $77,440 +6% |
| 2002 | $701 -34.2% | $73,059 -21.2% |
| 2001 | $1,066 | $92,715 |
Find assessor info on the county website
Neighborhood: Congress Heights
Nearby schools
GreatSchools rating
- 3/10King Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Hart Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Ballou High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: King
- Middle: Hart
- High: Ballou Senior
- District: District Of Columbia Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Washington, DC
- District of Columbia
- Washington
- 20032
- Congress Heights
- 242 Oakwood St SE
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