414 Oklahoma Avenue Northeast

Washington, DC 20002

$735,000
Last Sold Price
Beds
1,120 Sq. Ft.
$656 / Sq. Ft.
1,120
Sq. Ft.
$656
per Sq. Ft.

Description

This is a rare opportunity to own a well-maintained duplex (with an assumable loan) in the heart of Kingman Park, complete with tenants generating over $60,000/yr in rental income. Both units are currently leased using the voucher program, providing immediate cash flow for the savvy investor. Rented at $2,648/unit, each unit features 1 bedroom, 1 bathroom with an in-unit washer/dryer, H/W floors, and ample storage space. Conveniently located directly across from RFK Stadium, this property offers...This is a rare opportunity to own a well-maintained duplex (with an assumable loan) in the heart of Kingman Park, complete with tenants generating over $60,000/yr in rental income. Both units are currently leased using the voucher program, providing immediate cash flow for the savvy investor. Rented at $2,648/unit, each unit features 1 bedroom, 1 bathroom with an in-unit washer/dryer, H/W floors, and ample storage space. Conveniently located directly across from RFK Stadium, this property offers a prime location with strong rental demand. Don't miss out on this incredible investment opportunity! Photos are from prior sale in 2017. Both units are currently occupied month-to-month. All tenants are current on payments. T-12 available upon request.
  1. Listed by Taelor Salmon • Coldwell Banker Realty - Washington
    P: (240)-447-0711 taelor.salmon@cbmove.com

Property Details for 414 Oklahoma Avenue Northeast

Tax ID Number
4522//0014
Ownership
Fee Simple
Structure Type
Other
Style
Dwelling with Rental
Waterfront
No
Garage
No
Legal Subdivision
Old City 1
Central Air
No
LISTING UPDATED: 07/03/2024 12:02 AM

Property Details for 414 Oklahoma Avenue Northeast

StatusClosed
MLS #DCDC2134006
Days on Market72
Taxes$6,178 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1945
Lot Size0.02 AC / 892 SF
CountyDistrict of Columbia

Building Information for 414 Oklahoma Avenue Northeast

Stories-Residences2Year Built1945Building Size-Lot Size0.02 AC / 892 SF

Property Information for 414 Oklahoma Avenue Northeast

Location
Location
  • In City Limits: Yes
  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District County ID: 121140357950
  • SchoolDistrictSource: Listing Agent
  • County: WASHINGTON
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $726,870
  • Year Assessed: 2023
  • Improvement Assessed Value: $356,970
  • City Town Tax: $6,178
  • Land Assessed Value: $369,900
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: R1
  • Tax Lot: 14
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Units Leased Count: 2
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 2
Financial Information
Expenses
  • Operating Expense: $10,222
  • Water Avg Month: $176
  • Water Prev 12 Months: $2,112
  • Electric Avg Month: $99
  • Electric Prev 12 Months: $1,194
  • Gas Avg Month: $83
  • Gas Prev 12 Months: $999
Financial Information
  • Gross Income: $63,552
  • Net Operating Income: $53,330
  • Annual Rental Income: $63,552
  • Income Includes: Apartment Rentals
  • Cap Rate: 6.70
  • Existing Lease Type: Ground Lease, Month to Month
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 1,120.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Soil Types: Chillum-Urban Land Complex
  • Parcel ID: 16080488
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Appliances: Disposal, Washer, Refrigerator, Oven/Range - Gas
  • Accessibility Features: 32"+ wide Doors
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Utilities: Electric Available, Natural Gas Available
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Private, Private/Community Water
  • Sewer Septic: Approved System
Confidential Data
Listing Office
  • List Agent AOR: Greater Capital Area Association of REALTORS

Property History for 414 Oklahoma Avenue Northeast

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 414 Oklahoma Avenue Northeast

Taxable ValueLand$369,900Additions$356,970Total$726,870
Tax Record2023$6,247 ($521 / month)
Home Facts
Baths2Total Finished SqFt1,120 SqFtAbove Grade Finished SqFt1,120 SqFtStories2Lot Size892 SqFtStyleMulti-Family Dwelling (2-4)Year Built1945Year Renovated2017ZoningRF-1CountyDISTRICT OF COLUMBIAAPN4522 0014

Schools near 414 Oklahoma Avenue Northeast

This home is within District Of Columbia Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Miner Elementary School
PublicPK to 5

Eliot-Hine Middle School
Public6 to 8

Eastern High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty - Washington

© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 07/03/2024 12:02 AM