145 Galveston Pl SW,WASHINGTON, DC 20032
WASHINGTON, DC 20032
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.
Details
| MLS # | DCDC2240284 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract-bright |
| Year | 1943 |
| Days On Site | 299 |
| Listing Provided By | Keller Williams Realty | Greg S Schwartz |
Features
| SQ Feet | 2,720 |
|---|---|
| Units | 4 |
| Zoning | R5A |
| Acreage | 0.10 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 5017 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20032 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Elementary School | PATTERSON |
| High School | BALLOU |
| Listing VS Median (in 20032) | |
Price: $450,000 low | high Med: $184,000 sqft: 2,720 low | high Med: 615 $ / sqft: $165 low | high Med: $299 On site: 299 low | high Med: 56 | |
Market Activity 20032
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20032 |
| Area | WASHINGTON DC |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Elementary School | PATTERSON |
| High School | BALLOU |
| Listing VS Median (in 20032) | |
Price: $450,000 low | high Med: $184,000 sqft: 2,720 low | high Med: 615 $ / sqft: $165 low | high Med: $299 On site: 299 low | high Med: 56 | |
