507 Oakwood St Se, Washington, DC 20032
Local realty services provided by:ERA Liberty Realty
507 Oakwood St Se,Washington, DC 20032
$235,000
- 3 Beds
- 2 Baths
- 1,744 sq. ft.
- Single family
- Active
Listed by: nefretiti n makenta
Office: bennett realty solutions
MLS#:DCDC2240840
Source:BRIGHTMLS
Price summary
- Price:$235,000
- Price per sq. ft.:$134.75
About this home
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!!!...
Contact an agent
Home facts
- Year built:1941
- Listing ID #:DCDC2240840
- Added:161 day(s) ago
- Updated:June 24, 2026 at 01:49 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Dining Description:Dining Room, Formal/Separate Dining Room
- Bathrooms Description:Bathroom 1, Bathroom 2
- Basement:Yes
- Basement Description:Connecting Stairway, Daylight, Full, Rear Entrance, Unfinished, Walkout Level, Walkout Stairs, Windows
- Living area:1,744 sq. ft.
Heating and cooling
- Cooling:Central A/C, Window Unit(s)
- Heating:Natural Gas, Radiator
Structure and exterior
- Year built:1941
- Building area:1,744 sq. ft.
- Lot area:0.06 Acres
- Lot Features:Front Yard, Landlocked, Rear Yard, SideYard(s), Urban
- Architectural Style:Colonial
- Construction Materials:Brick
- Exterior Features:Awning(s), Deck(s), Porch(es), Sidewalks, Street Lights
- Foundation Description:Slab
- Levels:3 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$235,000
- Price per sq. ft.:$134.75
- Tax amount:$2,627 (2023)
Features and amenities
- Laundry features:Dryer In Unit, Has Laundry, Laundry, Washer In Unit
- Amenities:Electric Available, Natural Gas Available, Window Grills
Parking
- Parking description:On Street, Paved Parking, Public
New listings near 507 Oakwood St Se
- New
$436,000Active2 beds 1 baths952 sq. ft.800 4th St Sw #s221, WASHINGTON, DC 20024
MLS# DCDC2268850Listed by: COMPASS - New
$595,000Active5 beds 2 baths3,988 sq. ft.3001 Channing St Ne, WASHINGTON, DC 20018
MLS# DCDC2269632Listed by: NETREALTYNOW.COM, LLC - New
$899,888Active4 beds 4 baths1,952 sq. ft.1005 Irving St Nw, WASHINGTON, DC 20010
MLS# DCDC2260746Listed by: COMPASS - New
$519,000Active1 beds 1 baths710 sq. ft.555 Massachusetts Ave Nw #1419, WASHINGTON, DC 20001
MLS# DCDC2269286Listed by: COMPASS - Open Sun, 2 to 4pmNew
$739,900Active2 beds 2 baths921 sq. ft.1794 Lanier Pl Nw #212, WASHINGTON, DC 20009
MLS# DCDC2269288Listed by: TTR SOTHEBY'S INTERNATIONAL REALTY - New
$250,000Active1 beds 1 baths518 sq. ft.1 Scott Cir Nw #6, WASHINGTON, DC 20036
MLS# DCDC2269546Listed by: NETREALTYNOW.COM, LLC - New
$250,000Active-- beds -- baths1,910 sq. ft.3002 24th St Ne, WASHINGTON, DC 20018
MLS# DCDC2269514Listed by: APEX HOME REALTY - New
$250,000Active3 beds 1 baths1,254 sq. ft.2232 Chester St Se, WASHINGTON, DC 20020
MLS# DCDC2269598Listed by: CLARK PREMIER REALTY GROUP - New
$349,000Active3 beds -- baths1,330 sq. ft.501 Brandywine St Se, WASHINGTON, DC 20032
MLS# DCDC2269602Listed by: URBAN CITY MANAGEMENT, LLC. - New
$474,999Active1 beds 1 baths735 sq. ft.910 M St Nw #1006, WASHINGTON, DC 20001
MLS# DCDC2269580Listed by: COLDWELL BANKER REALTY - WASHINGTON