Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15 GALVESTON Place SW Washington, DC 20032

    View on Map
    Claim this Listing
    New
    For Sale
    $799,900

    MULTI_FAMILY - Federal - WASHINGTON, DC

    Property size:
    2,720 SF
    Lot size:
    0.09 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 14 at 4:06 pm

    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

    We can help!

    Listing Contact
    Dagmawi Alemayehu

    Listing agent Dagmawi Alemayehu License #SP200201930

    Listing office Samson Properties 8455 Colesville Road unit: 11, Chantilly, DC

    Listing date Apr 14, 2026

    MLS# DCDC2250174 Listing URL

    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.

    Overview

    Renovated Triplex with Income Potential

    This renovated triplex, located in WASHINGTON, DC, features two units with 5 bedrooms and 2 full bathrooms each. A third, unfinished unit in the basement is configured as a one-bedroom, one-bathroom apartment, complete with plumbing, egress windows, and a ceiling height exceeding 7 feet. Renovated in 2022, the property includes updated cabinetry, stainless steel appliances, and quartz countertops. The property generates $8,400 per month in cash flow from the two finished units. The basement unit presents a value-add opportunity. The property size is 2,720 square feet, situated on a lot of 0.0929 acres. This property is suitable for investors and first-time homebuyers, offering flexibility with tenant options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Washington
    County
    District of Columbia
    State
    District of Columbia
    Longitude
    -77.0083581
    Latitude
    38.8246422

    Nearby Similar for Sale

    • $599,900

      Dental Office Near Dupont Circle

      Ideally located dental office condominium near Dupont Circle's amenities.
      1330 NEW HAMPSHIRE Avenue NW unit: B3, WASHINGTON, DC 20036
      View Details
    • $365,000

      Unique Floating Home Opportunity

      60-foot yacht offering a unique waterfront living experience.
      650 WHARF Street SW unit: X48, WASHINGTON, DC 20024
      View Details
    • $999,900

      Three-Unit Office Building For Sale

      Three-unit office building with flexible uses, for sale or lease.
      1235 PENNSYLVANIA Avenue SE, WASHINGTON, DC 20003
      View Details
    • $359,000

      Commercial/Industrial Unit in Washington, DC

      Commercial/Industrial unit for sale in a rapidly developing neighborhood.
      1812 H PL NE #104, WASHINGTON, DC 20002
      View Details
    • $1,100,000

      Turnkey Restaurant/Bar Opportunity on Georgia Avenue

      Fully built-out restaurant/bar in vibrant Northwest DC corridor.
      5217 GEORGIA Avenue NW, WASHINGTON, DC 20011
      View Details
    • $1,550,000
      1,920 SF

      Renovated Mixed-Use Building on H Street

      Two-unit commercial building in the heart of H Street Corridor.
      521 H Street NE, WASHINGTON, DC 20002
      View Details
    • $1,550,000

      Renovated Commercial Building on H Street

      Two-unit commercial building in the heart of H Street Corridor.
      521 H Street NE, WASHINGTON, DC 20002
      View Details
    • $699,000
      3,280 SF

      Fort Dupont Multi-Family Opportunity

      Versatile 4-plex in Fort Dupont with income potential.
      324 34TH Street SE, WASHINGTON, DC 20019
      View Details
    • $899,000
      2,964 SF

      Anacostia Multifamily Investment Opportunity

      Four-unit property with income potential in Washington, DC.
      2335 GREEN Street SE, WASHINGTON, DC 20020
      View Details
    • $500,000
      3,228 SF

      Partially Completed Four-Unit Building

      Partially completed four-unit building near the arboretum.
      1223 18TH Place NE, WASHINGTON, DC 20002
      View Details
    • $900,000
      3,296 SF

      Brookland Multifamily Investment Opportunity

      Four renovated units in Brookland, Washington, D.C. with income potential.
      2916 8TH Street NE, WASHINGTON, DC 20017
      View Details
    • $730,000
      3,360 SF

      High-Income Washington DC Multifamily Property

      Turn-key 4-unit investment property with expansion potential.
      1612 17TH Place SE, WASHINGTON, DC 20020
      View Details

    FAQs

    What type of property is this?
    Triplex - Fully renovated triplex generating $8,400/month from two units.
    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 $799,900.
    What are key features of this property?
    This property features: Fully renovated triplex generating $8,400/month cash flow from two units.; Two units feature 5 bedrooms and 2 full bathrooms each.; Unfinished basement unit configured for a 1‑bedroom, 1‑bathroom apartment with plumbing, egress window, and 7ft ceiling.
    (202) 222-5704
    We can help!
    Listing Contact
    Dagmawi Alemayehu
    Real Estate License ID: SP200201930
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!