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For sale
    • Price increase: $15K (8/2)
    $250,000

    507 Oakwood St SE, Washington, DC 20032

    3beds
    1,744sqft
    : 
    $1,557/mo
    Get pre-qualified
    Single Family Residence
    Built in 1941
    2,475 Square Feet Lot
    $262,400 Zestimate®
    $143/sqft
    $-- HOA

    What's special

    Tree-lined homeowner blockBeautiful wood-burning fireplace
    THIS IS A WONDERFUL FIXER-UPPER "BUY AND HOLD" INVESTMENT (*OPPORTUNITY ZONE*, see below) OR OWNER OCCUPANT PROPERTY ON A LOVELY TREE-LINED, HOMEOWNER BLOCK. PLEASE NOTE, PER DC, AS LONG AS THE NEW (BUY AND HOLD) BUYER IS NOT UNDER DC RENT CONTROL AT THE TIME OF PURCHASE, INVESTOR BUYER CAN INCREASE RENT UP TO MARKET RENT IMMEDIATELY UPON PURCHASE. Market Rent upon renovation is approximately $2400-$3000 for conventional tenant. Tenant is on a month-to-month lease. Property has 1 conventional tenant paying $1,800 per month, plus all utilities (gas, water and electric). GREAT rent payment history. Property Being Sold Strictly As-Is. TWO (2) LARGE BEDROOMS ON THE TOP FLOOR; ONE (1) DECENT-SIZED BEDROOM IN BASEMENT. BASED ON THE CURRENT CONFIGURATION AND WITH >1900SF OF INTERIOR SPACE. BUYER CAN EASILY ADD ADDITIONAL BEDROOMS AND A 1/2 BATH ON THE MAIN FLOOR, WHICH INCLUDES A BEAUTIFUL WOOD-BURNING FIREPLACE. PROPERTY ALREADY HAS A GOOD BASEMENT CEILING HEIGHT, APPROXIMATELY 7-FEET, NO NEED TO DIG DOWN FOR ADDED VALUE. ARV $425K, EST. (THE CONNECTED PROPERTY NEXT DOOR, SAME SF SOLD FOR $495K a few years ago) PROPERTY HAS GREAT POTENTIAL, BUT NEEDS WORK. DATED BATHROOMS AND KITCHEN. GREAT BONES. INVESTOR ALERT. INVESTOR SPECIAL. Buying and investing in a property in an *OPPORTUNITY ZONE can provide a great opportunity for capital gains tax deferral, reduction and abatement, ETC., possibly even better than the 1031 Exchange, they say... TOPA Process Completed. PHOTOS SHOW BEFORE TENANT MOVE-IN years ago (before 2018) AND RECENT CONDITION. Seller prefers KVS Title, which is very far along in the title clearance process and is offering a $250 closing credit to Buyer. BUYER FULLY RESPONSIBLE FOR THEIR OWN DUE DILIGENCE. #thisgemcouldbeyours!!!
    223 days
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    584
    |
    19
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    Zillow last checked:

    Listing updated:

    Listed by:

    Nefretiti Makenta 202-792-2722,

    Bennett Realty Solutions

    Source: Bright MLS,MLS#: DCDC2240840MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Living Room, Dining Room, Bedroom 2, Kitchen, Den, Bedroom 1, Laundry, Storage Room, Utility Room, Bathroom 1, Bathroom 2
      Bedroom 1
      • Level: Upper
      Bedroom 2
      • Level: Upper
      Bedroom 2
      • Level: Lower
      Bathroom 1
      • Level: Upper
      Bathroom 2
      • Level: Lower
      Den
      • Level: Lower
      Dining room
      • Level: Main
      Kitchen
      • Level: Main
      Laundry
      • Level: Lower
      Living room
      • Level: Main
      Storage room
      • Level: Lower
      Utility room
      • Level: Lower
      Heating
      • Radiator, Natural Gas
      Cooling
      • Central Air, Window Unit(s)
      Appliances
      • Included: Gas Water Heater
      • Laundry: In Basement, Has Laundry, Dryer In Unit, Washer In Unit, Lower Level, Laundry Room
      Features
      • Floor Plan - Traditional, Formal/Separate Dining Room
      • Basement: Unfinished,Connecting Stairway,Full,Windows,Walk-Out Access,Rear Entrance
      • Number of fireplaces: 1
      • Fireplace features: Mantel(s), Brick
      Interior area
      • Total structure area: 1,926
      • Total interior livable area: 1,744 sqft
      • Finished area above ground: 1,284
      • Finished area below ground: 460

      Property

      Parking
      • Parking features: Paved, Public, On Street
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Three
      • Stories: 3
      • Patio & porch: Porch, Deck
      • Exterior features: Awning(s), Sidewalks, Street Lights
      • Pool features: None
      • Fencing: Wrought Iron,Decorative,Chain Link,Full,Back Yard
      Lot
      • Size: 2,475 Square Feet
      • Features: Front Yard, SideYard(s), Rear Yard, Landlocked, Urban, Urban Land-Sassafras-Chillum
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 6001//0029
      • Zoning: R-3
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Colonial
      • Property subtype: Single Family Residence
      • Attached to another structure: Yes
      Materials
      • Brick
      • Foundation: Slab
      Condition
      • Average
      • New construction: No
      • Year built: 1941

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Natural Gas Available, Sewer Available
      Green energy
      • Energy efficient items: Fireplace/Wood Stove

      Community & HOA

      Community
      • Security: Window Bars
      • Subdivision: Congress Heights
      HOA
      • Has HOA: No
      Location
      • Region: Washington

      Financial & listing details

      • Price per square foot: $143/sqft
      • Tax assessed value: $318,400
      • Annual tax amount: $2,627
      • Date on market: 1/13/2026
      • Listing agreement: Exclusive Agency
      • Listing terms: Cash,Private Financing Available,FHA 203(k),Other
      • Ownership: Fee Simple
      • Total actual rent: 21600
      • Road surface type: Paved

        Estimated market value

        $262,400

        $249,000 - $276,000

        $3,395/mo

        Price history

        DateEventPrice
        8/2/2026Price change$250,000+6.4%$143/sqft
        Source: Bright MLS #DCDC2240840 Report a problem
        4/24/2026Price change$235,000-2%$135/sqft
        Source: Bright MLS #DCDC2240840 Report a problem
        3/20/2026Price change$239,900-3.7%$138/sqft
        Source: Bright MLS #DCDC2240840 Report a problem
        2/13/2026Price change$249,000-3.9%$143/sqft
        Source: Bright MLS #DCDC2240840 Report a problem
        1/13/2026Price change$259,000-5.8%$149/sqft
        Source: Bright MLS #DCDC2240840 Report a problem
        12/2/2025Price change$275,000-8%$158/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        11/30/2025Listed for sale$299,000+6.8%$171/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        11/3/2024Listing removed$280,000+13.1%$161/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        10/16/2024Price change$247,500-0.2%$142/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        10/12/2024Price change$248,000-0.2%$142/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        10/3/2024Price change$248,500-0.2%$142/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        9/6/2024Price change$249,000-11.1%$143/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        8/5/2024Price change$280,000-6.7%$161/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        7/25/2024Listed for sale$299,999-1.6%$172/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        7/20/2024Contingent$305,000+1.7%$175/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        7/17/2024Listed for sale$299,999+7.7%$172/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        4/6/2024Listing removed--
        Source: Bright MLS #DCDC2121516 Report a problem
        3/28/2024Price change$278,600-0.1%$160/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        3/14/2024Price change$278,8000%$160/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        3/8/2024Price change$278,9000%$160/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        2/26/2024Price change$279,000-6.7%$160/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        2/16/2024Price change$299,000-3.2%$171/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        2/8/2024Listed for sale$309,000+34.3%$177/sqft
        Source: Bright MLS #DCDC2121516 Report a problem
        1/12/2006Sold$230,000$132/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,804 +3.6%$329,920 +3.6%
        2024$2,706 +3%$318,400 +3%
        2023$2,628 +9.5%$309,140 +9.5%
        2022$2,399 +4.4%$282,270 +4.4%
        2021$2,299 +4.9%$270,410 +4.9%
        2020$2,191 +8.3%$257,720 +8.3%
        2018$2,024 +1.8%$238,060 +1.8%
        2017$1,989 +18.4%$233,950 +18.4%
        2016$1,679 +11.1%$197,520 +11.1%
        2015$1,512 +5.3%$177,840 +5.3%
        2014$1,435 +219.3%$168,840 -3.4%
        2013$449 -10.1%$174,840 -5.5%
        2012$500 $185,070
        2011$500 -28.2%$185,070 -20%
        2010$696 +6.5%$231,280 -6.1%
        2009$653 +10.9%$246,430 +27.1%
        2007$589 +109.4%$193,960 +38.6%
        2006$281 -22.5%$139,910 +17.1%
        2005$363 +12%$119,520 +13.3%
        2004$324 -17.4%$105,520 -5.5%
        2003$392 +8.4%$111,700 +6%
        2002$362 +8.4%$105,377 +5.9%
        2001$334 $99,506
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Congress Heights

        Getting around

        80 / 100
        Very Walkable
        53 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • 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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