Change Real Estate Presents:

507 Oakwood Street
Washington DC 20032

For Sale: $239,900.00 Active

List Date: 2026-01-13

Washington
3 bedrooms
2 bathrooms
1,744 build ft2
2,475 land ft2

About This Property

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. 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. Property Being Sold Strictly As-Is. Reasonably Motivated Seller. 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. Market rent, $2200. Property has 1 conventional tenant paying $1,800 per month, plus all utilities (gas, water and electric). GREAT rent payment history. Tenant is on a month-to-month lease. 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!!!

Listing Agent: Nefretiti N Makenta. Bennett Realty Solutions 202-792-2722 re@livefascinated.com

Property Features

Location Information
County:
Subdivision: CONGRESS HEIGHTS
click to open map in a new window
Interior Features
Appliances:
Interior: Floor Plan - Traditional, Formal/Separate Dining Room
Laundry:
Furnished: None
Flooring:
Water: Public
Cooling: Central A/C, Window Unit(s)
Heating: Radiator
Fireplaces: 1
Windows:
Utilities: Electric Available, Natural Gas Available, Sewer Available
Sewer: Public Sewer
Rooms
Room Type: Bedroom 1
Level: Upper 1
Room Type: Bedroom 2
Level: Upper 1
Room Type: Bathroom 1
Level: Upper 1
Room Type: Living Room
Level: Main
Room Type: Dining Room
Level: Main
Room Type: Kitchen
Level: Main
Room Type: Bedroom 2
Level: Lower 1
Room Type: Bathroom 2
Level: Lower 1
Room Type: Den
Level: Lower 1
Room Type: Laundry
Level: Lower 1
Room Type: Utility Room
Level: Lower 1
Room Type: Storage Room
Level: Lower 1
Exterior Features
Year Built: 1941
Subdivision Name: Congress Heights
Exterior Features: Awning(s), Sidewalks, Street Lights
Parking: Paved Parking, Public
Schools
Elementary School: None
Junior High School: None
High School: None

IDXListing Courtesy of Nefretiti N Makenta. Bennett Realty Solutions 202-792-2722 re@livefascinated.com

Property Photos [Click to enlarge]

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