Four-Unit Residential Income
113 Galveston Place Southwest Washington, DC 20032
For Sale
$1,000,000
Pending
Four two-bedroom, one-bath units were updated in 2022 and offer separate residential rental space.
Property Size2,960 SF
Days on Market11
Property Features for 113 Galveston Place Southwest
General Information
Standard status
Pending
Size
2,960 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1943
Listing Agency:
Keller Williams Capital Properties
(303) 263-9739
Listed By:
Marlena D McWilliams · License #0225235066
(303) 263-9739
Source:
Compass
Added: Jul 20
Changed: Jul 22
Last Checked: Jul 29 at 12:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Capital Properties
Investment Insights
Based on property information with market context.
This four-unit residential building includes four separate residences, each laid out with two bedrooms and one full bathroom. Across the property, there are eight bedrooms and four bathrooms, providing multiple independent, income-producing units within a single asset. Updates were completed for all four units in 2022, creating a refreshed foundation for continued rental operations.
The property is located in Washington, DC within city limits. Public remarks note nearby Metrobus service and major commuter corridors, with access to Southern Avenue Metro, Suitland Parkway, I-295, I-495, and the Capital Beltway, supporting regional commuting throughout the Washington metropolitan area.
With a consistent unit mix and four distinct residences, the building can be operated as a traditional rental property or structured to accommodate varied owner-occupant and rental arrangements.
The property is located in Washington, DC within city limits. Public remarks note nearby Metrobus service and major commuter corridors, with access to Southern Avenue Metro, Suitland Parkway, I-295, I-495, and the Capital Beltway, supporting regional commuting throughout the Washington metropolitan area.
With a consistent unit mix and four distinct residences, the building can be operated as a traditional rental property or structured to accommodate varied owner-occupant and rental arrangements.
Key Highlights
- Four‑unit residential building with a uniform mix of four 2‑bedroom, 1‑bath units
- All four units were updated in 2022
- Total layout includes 8 bedrooms and 4 full bathrooms across the building
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 | $79.9k | $27.00 |
| − Vacancy | −$4.2k | −$1.40 |
| EGI | $75.8k | $25.60 |
| − OpEx | −$22.7k | −$7.68 |
| NOI | $53.0k | $17.92 |
2,960 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$757.6K
$662.9K – $883.9K
NOI $53,035 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$702.6K
$614.8K – $819.7K
NOI $49,182 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,577 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom, one-bath units were updated in 2022 and offer separate residential rental space.
Where is this quadplex located?
The property is located at 113 Galveston Place Southwest Washington, DC.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four‑unit residential building with a uniform mix of four 2‑bedroom, 1‑bath units; All four units were updated in 2022; Total layout includes 8 bedrooms and 4 full bathrooms across the building
