145 Galveston Pl Sw, Washington, DC 20032
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
Listed by: greg s schwartz
Office: keller williams realty
MLS#:DCDC2240284
Source:BRIGHTMLS
Price summary
- Price:$475,000
- Price per sq. ft.:$174.63
About this home
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....
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Home facts
- Year built:1943
- Listing ID #:DCDC2240284
- Added:241 day(s) ago
- Updated:September 08, 2026 at 01:38 PM
Rooms and interior
- Bedrooms:4
- Living area:2,720 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Natural Gas, Radiator
Structure and exterior
- Year built:1943
- Building area:2,720 sq. ft.
- Lot area:0.1 Acres
- Architectural Style:Colonial
- Construction Materials:Brick
Schools
- High school:BALLOU
- Middle school:HART
- Elementary school:PATTERSON
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$475,000
- Price per sq. ft.:$174.63
- Tax amount:$5,017 (2025)
Parking
- Parking description:Off Street
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