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Image 1 - 2831 Otis St NE, Washington, District of Columbia, 20018 - House for sale

Image 2 - 2831 Otis St NE, Washington, District of Columbia, 20018 - House for sale

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Home For Sale In Washington, District Of Columbia

2831 Otis St NE, Washington, District of Columbia, 20018

Home For Sale In Washington, District Of Columbia

house for sale

Listed: 06/19/24

2831 Otis St NE, Washington, District of Columbia, 20018

3 Bed:

1 Bath:

2,140 Sq Ft Living Area:

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Price

$ 650,000

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About This House

Attention Investors! This property offers substantial potential for renovation and expansion. Situated on a spacious 7200 sqft lot with alley access, the house includes a walk-out basement, allowing for expansion on three levels by extending the rear of the property. It is ideal for investors looking to maximize returns through strategic upgrades. Investors take note! This property boasts a prime location on a one-way street directly across from the Missionaries of Charity. The area is witnessing a trend of investors expanding homes and adding garages or accessory dwellings to maximize space and value. Expansion Potential: With alley access and a walk-out basement, this property offers ample opportunity for renovation and multi-level expansion. Consider 203k rehab loans or cash purchases to capitalize on this promising investment.

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Original listing

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Woodridge Housing & Living

Household Income

Median household income: $85,203

Number of households: 287,476

The average household income in Washington, DC grew from $82,372 to $85,203 in the past year. This data is an estimate based upon 287,476 households in Washington, DC.
The chart below presents how household income is distributed in Washington, DC in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Washington, DC compared to median property taxes around the country. The prevalent amount of property taxes in Washington, DC equals $3k+ , which is more than the national average.