145 GALVESTON PLACE SW, WASHINGTON, DC 20032
WASHINGTON County
Key Facts
Description
Investor Alert! Turnkey four-unit multifamily opportunity with stable in-place income, low operating expenses, and significant upside potential in Washington, DC's rapidly developing Congress Heights neighborhood. This versatile asset is an excellent opportunity for both first-time multifamily investors looking to enter the market and experienced investors seeking to add a stabilized, income-producing property to their portfolio. This fully renovated property currently generates $4,000/month in gross rental income and is anchored by three long-term tenants with a proven history of on-time payments, providing immediate and reliable cash flow. Existing rents offer future upside, with the opportunity to strategically adjust rates toward market value over time. One unit is expected to become available, creating flexibility for lease-up at current market rates or potential owner-occupancy. Designed for efficient ownership, the property features separately metered utilities and exceptionally low owner expenses of approximately $150/month for water and common-area electricity. Renovations include restored hardwood floors, updated kitchens, modern finishes, abundant natural light, private decks, and a rear porch. The four-unit configuration appeals to both investors and owner-occupants, offering the potential to occupy one unit while rental income from the remaining units helps offset ownership costs. Ideally situated near Joint Base Anacostia-Bolling, Entertainment and Sports Arena, and the planned RFK Stadium redevelopment, the property benefits from strong rental demand drivers and convenient access to I-295, I-395, I-695, and I-495. A rare opportunity to acquire a renovated, income-producing multifamily asset with immediate cash flow, value-add potential, and long-term appreciation prospects in one of Washington, DC's emerging growth corridors. Photos may be virtually staged.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Structure Type
House
Year Built
1943
Living Area
3,332 sq ft
Lot Size
0.10 acres
Zoning
R5A
Days on Market
162
MLS® Listing#
DCDC2240284
Property Features
Appliances
Cooling
Heating
Pool
Parking
Construction
Foundation
Sewer
Water Source
Schools
- Elementary:
- PATTERSON
- Middle:
- HART
- High:
- BALLOU
- District:
- DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Financial Details
Annual Taxes
$5,017
Tax year 2025
Assessed Value
$588,790
Parcel Number
6239//0092
Directions
Take I-295 N, Exit 2, S Capitol St SW and Martin Luther King Jr Ave SW to Galveston Pl SW, turn left onto Galveston Pl SW, destination will be on the left
Affordability Calculator
$95,000
Estimated monthly payment
$2,528/mo
Principal $380,000 · Est. interest $530,134 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in WASHINGTON, DC
- $551,977
- Median Listing Price
- 66
- Median Days on Market
- 1,250
- Median Sq Ft
- $481
- Median Price / Sq Ft
- 2,946
- Active Listings
- This home’s price is 14% below the area median.
- Its price per sq ft is 70% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in WASHINGTON, DC.
Location
- 145 GALVESTON PLACE SW, WASHINGTON, DC 20032
Getting Around
Points of Interest in WASHINGTON, DC
Showing the WASHINGTON area map.
Nearby Schools
W.B. Patterson Elementary School
Elementary · 0.2 mi away
Leckie Education Campus
Elementary · 0.3 mi away
Ingenuity Prep Public Charter School
Elementary · 0.5 mi away
National Collegiate Prep Public Charter High School
Secondary · 0.5 mi away
St. Thomas More Catholic Academy
School · 0.6 mi away
Hendley Elementary School
Elementary · 0.7 mi away
Forest Heights Elementary School
Elementary · 0.8 mi away
Simon Elementary School
Elementary · 1.0 mi away
Ballou Stay Opportunity Academy
Secondary · 1.1 mi away
Charles Hart Middle School
Secondary · 1.2 mi away
Early Childhood Academy PCS
School · 1.2 mi away
Assumption Catholic Church
School · 1.2 mi away
Center City Public Charter School
Elementary · 1.2 mi away
Glassmanor Community Center
School · 1.3 mi away
Martin Luther King, Jr. Elementary School
Elementary · 1.4 mi away
Democracy Prep Congress Heights
Elementary · 1.5 mi away
Somerset Preparatory Academy Charter DC PCS
School · 1.5 mi away
MC Terrell Elementary School
Elementary · 1.5 mi away
Flintstone Elementary School
Elementary · 1.5 mi away
Love and Care Educational Center
School · 1.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4018 PENNSYLVANIA AVENUE SE, WASHINGTON, DC | $337,000 | 3 | 2 | 1,408 |
| 2436 SKYLAND PLACE SE, WASHINGTON, DC | $339,000 | 3 | 4 | 1,586 |
| 2435 WAGNER STREET SE, WASHINGTON, DC | $339,900 | 3 | 4 | 1,911 |
| 881-A BARNABY STREET SE, WASHINGTON, DC | $339,900 | 3 | 3 | 1,884 |
| 2409 23RD STREET SE, WASHINGTON, DC | $344,990 | 3 | 1 | 1,226 |
| 3714 ROOSEVELT PLACE NE, WASHINGTON, DC | $345,000 | 3 | 2 | 1,243 |
Moving Cost Estimate
EXIT Agents in WASHINGTON
Listing Courtesy: Keller Williams Realty - 7036791700