16 GALVESTON PLACE SW, WASHINGTON, DC 20032
WASHINGTON County
Key Facts
Description
Rare opportunity to acquire a 3-unit property with a low 2.375% FHA assumable loan, originally originated in December 2021 with a maturity date of January 2052. With today’s higher interest rate environment, this assumable financing may offer significant long-term savings compared to obtaining a new loan. This property presents a strong house-hacking opportunity for an owner-occupant. A buyer may choose to live in the spacious 3-bedroom unit while using rental income from the two additional 2-bedroom units to help offset the monthly mortgage payment. With a current total PITI of approximately $4,121.45, this setup is ideal for buyers looking to reduce out-of-pocket housing costs while building long-term equity. Investors and owner-occupants may also explore potential rental strategies, including market-rate rentals or participation in the DC voucher program, subject to all applicable rules, licensing, and buyer due diligence. Property is being sold strictly AS-IS. Asking price reflects the approximate current loan balance. Buyer is responsible for 100% of closing costs and all broker fees. To the seller’s best knowledge, the existing FHA loan may be assumable; however, buyer is solely responsible for verifying loan assumption eligibility, lender requirements, terms, timelines, and approval process. Buyer must also complete all due diligence regarding the Certificate of Occupancy, Basic Business License, rental compliance, zoning, and any applicable regulatory requirements. Seller and listing agent make no representations or guarantees regarding future rental income, financing approval, or regulatory compliance.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Structure Type
House
Year Built
1944
Living Area
3,290 sq ft
Lot Size
0.11 acres
Zoning
R-2
Days on Market
10
MLS® Listing#
DCDC2269264
Property Features
- Appliances:
- Electric Water Heater
- Cooling:
- Central Air
- Heating:
- Electric, Heat Pump
- Pool:
- None
- Parking:
- On Street
- Construction:
- Brick
- Foundation:
- Other
- Sewer:
- Public Sewer
- Water Source:
- Public
Schools
- District:
- DISTRICT OF COLUMBIA PUBLIC SCHOOLS
HOA & Tax
- Annual Tax:
- $6,192 (2025)
- Assessed Value:
- $718,400
- Parcel #:
- 6239/S/0027
Directions
Please refer to Google Maps
Affordability Calculator
$119,800
Estimated monthly payment
$3,188/mo
Principal $479,200 · Est. interest $668,527 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in WASHINGTON, DC
- $553,153
- Median Listing Price
- 66
- Median Days on Market
- 1,248
- Median Sq Ft
- $482
- Median Price / Sq Ft
- 2,898
- Active Listings
- This home’s price is 8% above the area median.
- Its price per sq ft is 62% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in WASHINGTON, DC.
Location
- 16 GALVESTON PLACE SW, WASHINGTON, DC 20032
Nearby Schools
W.B. Patterson Elementary School
Elementary · 0.2 mi away
Ingenuity Prep Public Charter School
Elementary · 0.3 mi away
National Collegiate Prep Public Charter High School
Secondary · 0.3 mi away
Leckie Education Campus
Elementary · 0.4 mi away
St. Thomas More Catholic Academy
School · 0.4 mi away
Hendley Elementary School
Elementary · 0.5 mi away
Forest Heights Elementary School
Elementary · 0.7 mi away
Simon Elementary School
Elementary · 0.9 mi away
Early Childhood Academy PCS
School · 1.0 mi away
Ballou Stay Opportunity Academy
Secondary · 1.0 mi away
Charles Hart Middle School
Secondary · 1.1 mi away
Glassmanor Community Center
School · 1.1 mi away
Assumption Catholic Church
School · 1.2 mi away
Center City Public Charter School
Elementary · 1.2 mi away
Martin Luther King, Jr. Elementary School
Elementary · 1.4 mi away
Somerset Preparatory Academy Charter DC PCS
School · 1.4 mi away
MC Terrell Elementary School
Elementary · 1.4 mi away
Flintstone Elementary School
Elementary · 1.4 mi away
Democracy Prep Congress Heights
Elementary · 1.4 mi away
Love and Care Educational Center
School · 1.5 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in WASHINGTON
Listing Courtesy: Samson Properties - 3018500255