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$320,000

  • Sold
  • Closed
  • Multi-Family
See This Home
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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!

Full Property Details for 242 Oakwood St SE

General

  • Sold For: $320,000
  • Taxes: $3,578 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: DCDC2165650
  • Added to Site: 433 day(s) ago

Parking

  • Parking Type: Parking Lot

Location

  • County: Washington
  • Driving Directions: Please use GPS
  • City Limits: Yes

School Information

  • School District: District Of Columbia Public Schools
  • Elementary School: King
  • Middle School: Hart
  • High School: Ballou Senior

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Private Sewer
  • Water: Public

Structural Information

  • Architectural Info: Traditional, Unit/Flat
  • Architectural Style: Traditional, Unit/Flat
  • Structure Type: Other
  • Construction: Brick
  • Stories/Levels: 0
  • Square Feet: 2,484
  • Sq. Ft. Source: Assessor
  • Living Area: 2,484 Sq. Ft.
  • Year Built: 1943
  • Year Built Source: Assessor

Unit Information

  • 1 Bedroom Units: 4

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,905
  • Lot Size Source: Assessor
  • Zoning: R-3

Financial Considerations

  • Price Per Sq. Ft.: $181.16
  • Assessment Year: 2024
  • City/TownTax: $3,578
  • City/TownTax Freq: Annually
  • Tax w/Assessment: $435,500
  • Tax Amount: $3,578
  • Tax Year: 2024
  • Terms: Standard Sale
  • Tax Total Finished Sq. Ft.: 2484

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 3

Listed by Samson Properties, Kendell Brian Simpson
Sold by Reynolds Real Estate Co. LLC, Stuart L Reynolds

Listing agent

— 242 Oakwood St SE —

  • Kendell Brian Simpson

    Samson Properties

Get Pre-Approved Today

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NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 242 Oakwood St SE

School District:District of Columbia Public Schools
NameGradesDistance
King Elementary School
3200 6th Street Southeast, Washington, DC 20032
K-50.5 mi
Hart Middle School
601 Mississippi Avenue Southeast, Washington, DC 20032
6-80.8 mi
Ballou High School
3401 4th Street Southeast, Washington, DC 20032
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 242 Oakwood St SE

Date
Details
Price
Change
Source
8/04/2025
Sold
$320,000
-28.89%
MLS
11/09/2024
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Samson Properties, Kendell Brian Simpson
Sold by Reynolds Real Estate Co. LLC, Stuart L Reynolds

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242 Oakwood Street SE, Washington, DC 20032 (MLS# DCDC2165650) is a Multi-Family property that was sold at $320,000 on August 04, 2025. Want to learn more about 242 Oakwood Street SE? Do you have questions about finding other Multi-Family real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.