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 on 08/04/25
$320,000
242 Oakwood St SE, Washington, DC 20032
4beds
--baths
2,484sqft
Quadruplex
Built in 1943
-- sqft lot
$320,000 Zestimate®
$129/sqft
$2,699 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 12:08pm
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