15 Halley Pl Se, Washington, DC 20032
Local realty services provided by:Better Homes and Gardens Real Estate Community Realty
15 Halley Pl Se,Washington, DC 20032
$690,000
- 5 Beds
- - Baths
- 2,442 sq. ft.
- Multi-family
- Active
Listed by:kirk chatman
Office:fairfax realty premier
MLS#:DCDC2212176
Source:BRIGHTMLS
Price summary
- Price:$690,000
- Price per sq. ft.:$282.56
About this home
Opportunity Alert – Assumable 2.5% FHA Loan ($530K Balance, $3,113/Month!)
This is a rare chance to assume a 2.5% FHA loan with an outstanding balance of $530,000 and a low monthly payment of $3,113 (including principal, insurance, and interest). That’s still over $1,400 per month in potential savings compared to today’s rates, offering unbeatable cash flow and long-term affordability. This is a move-in-ready, revenue-generating 4-unit multifamily in Washington, DC, located just steps from I-295 and Joint Base Anacostia-Bolling. It features stable Section 8 tenants and upstairs units currently under renovation, including the owner’s unit that is being reconfigured into a two-bedroom setup, unlocking tremendous value-add potential. Unit 1 (Section 8) rents for $1,330/month, and Unit 2 (Section 8) rents for $1,250/month. Unit 3 is vacant and under renovation, and Unit 4, the owner’s unit, is being converted into a two-bedroom with projected rent of $1,700 month. The downstairs tenant has expressed willingness to move upstairs, which would allow her current unit to also be converted into a two-bedroom with projected rent of another $1,700/month. Once fully stabilized and rented, the property will generate approximately $5,980/month in gross rent. With the assumable FHA loan at a 2.5% interest rate and a monthly mortgage of about $3,113, a buyer would net around $3,000 month in positive cash flow from day one. This kind of return is virtually unheard of in today’s market. It far surpasses any high-yield savings account or traditional investment vehicle. Beyond immediate cash flow, buyers also benefit from long-term appreciation, principal paydown, and significant tax advantages that only real estate provides. This property represents a rare opportunity to acquire a stabilized, high-yield asset in a prime location with built-in upside.
Call now to learn about assumption requirements and unlock serious savings.
Contact an agent
Home facts
- Year built:1953
- Listing ID #:DCDC2212176
- Added:137 day(s) ago
- Updated:September 30, 2025 at 01:34 PM
Rooms and interior
- Bedrooms:5
- Living area:2,442 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Flat, Rubber
- Year built:1953
- Building area:2,442 sq. ft.
- Lot area:0.08 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$690,000
- Price per sq. ft.:$282.56
- Tax amount:$3,654 (2024)
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