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Listed by Mr. Greg S Schwartz • Keller Williams Realty

$450,000

Est. payment - /mo

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2,720 SqFt

Under Contract

145 GALVESTON PL SW Washington, DC 20032

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Gwendolyn Honsell

gwenhonsell@gmail.com +1(856) 478-1890

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Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,720 sqft

Price per Sqft $165

MLS Listing ID DCDC2240284

Style Colonial

Abv Grd Liv Area 2,720

Year Built 1943

Available Date 2026-01-28

Annual Tax Amount $5,017

Tax Year 2025

Lot Size 4,536 Sqft

Acres 0.1

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property 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.

Location

State DC

County Washington

Zoning R5A

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Window Unit(s)

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Other

Above Ground Finished SqFt 2720

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Patterson

Middle Schools Hart

High Schools Ballou

School District District Of Columbia Public Schools

Others

Tax ID 6239//0092

Ownership Fee Simple

SqFt Source 2720

Special Listing Condition Standard

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Gwendolyn Honsell

Agent License ID: 2295551

+1(856) 478-1890

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145 GALVESTON PL SW Washington, DC 20032

Gwendolyn Honsell

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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145 GALVESTON PL SW