Renovated Triplex with Basement
15 GALVESTON Place SW Washington, DC 20032
For Sale
$699,990
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Size2,720 SF
Lot Size0.09 Acres
Price / SF$257.35
Days on Market108
Property Features for 15 GALVESTON Place SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Appliances
Stove, Microwave, Refrigerator, Disposal
Standard status
Active
Size
2,720 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3683
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1943
Number of units
3
Building materials
Brick
Architectural style
Federal
Listing Agency:
Samson Properties
(301) 755-5613
Listed By:
Dagmawi Alemayehu · License #SP200201930
(202) 222-5704
Added: Apr 14
Changed: Jun 9
Last Checked: Jul 30 at 1:06AM
MLS# DCDC2250174
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated triplex includes two upper units, each offering 5 bedrooms and 2 full bathrooms. The building was renovated in 2022 with updated cabinetry, stainless steel appliances, and quartz countertops throughout. A third unit is located in the basement and is currently unfinished but already set up as a 1-bedroom, 1-bath layout, with all plumbing and egress windows in place. The basement also has a ceiling height exceeding 7 feet, supporting completion as a functional residential unit.
The property is located at 15 Galveston Place SW in Washington, DC 20032. According to the current offering remarks, it is generating $8,400 per month in cash flow from the two existing units.
From a tenant or buyer perspective, the configuration provides two fully established, larger-format apartments, plus a basement unit plan that may support added income after completion. The existing plumbing rough-ins, egress windows, and height are documented, which can help streamline the path to finishing the third unit. The listing also notes that the buyer may qualify for financing and closing cost assistance, which could be relevant for eligible purchasers planning their acquisition timeline.
The property is located at 15 Galveston Place SW in Washington, DC 20032. According to the current offering remarks, it is generating $8,400 per month in cash flow from the two existing units.
From a tenant or buyer perspective, the configuration provides two fully established, larger-format apartments, plus a basement unit plan that may support added income after completion. The existing plumbing rough-ins, egress windows, and height are documented, which can help streamline the path to finishing the third unit. The listing also notes that the buyer may qualify for financing and closing cost assistance, which could be relevant for eligible purchasers planning their acquisition timeline.
Key Highlights
- High Cash Flow: Generating $8,400/month from two renovated units.
- Value‑Add Opportunity: Unfinished basement configured for a 1‑bedroom, 1‑bathroom apartment.
- Fully Renovated: Triplex renovated in 2022 with updated cabinetry, stainless steel appliances, and quartz countertops.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.4k | $27.00 |
| − Vacancy | −$3.8k | −$1.40 |
| EGI | $69.6k | $25.60 |
| − OpEx | −$20.9k | −$7.68 |
| NOI | $48.7k | $17.92 |
2,720 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$696.2K
$609.2K – $812.3K
NOI $48,735 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$645.6K
$564.9K – $753.2K
NOI $45,194 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,936 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with two renovated 5-bedroom units and a basement space configured for a finished 1-bedroom apartment.
Where is this triplex located?
The property is located at 15 GALVESTON Place SW Washington, DC.
What is the asking price?
The asking price for this property is $699,990.
What are key features of this property?
This property features: High Cash Flow: Generating $8,400/month from two renovated units.; Value‑Add Opportunity: Unfinished basement configured for a 1‑bedroom, 1‑bathroom apartment.; Fully Renovated: Triplex renovated in 2022 with updated cabinetry, stainless steel appliances, and quartz countertops.
