Updated Four-Unit
For Sale
$1,000,000
113 GALVESTON Place SW, Washington, DC 20032
MULTI_FAMILY - Cape Cod, Colonial - WASHINGTON, DC
Property Size2,960 SF
Lot Size0.10 Acres
Price / SF$337.84
Days on Market10
Property Features for 113 GALVESTON Place SW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Standard status
Active
Size
2,960 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
5695
Building Details
Year built
1943
Number of units
4
Building materials
Brick
Architectural style
Cape Cod, Colonial
Listing Agency:
Keller Williams Capital Properties · Keller Williams Realty
(202) 243-7700
Listed By:
Marlena D McWilliams · License #SP98372051
(303) 263-9739
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 13 at 9:06AM
MLS# DCDC2256894
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 brick quadplex at 113 Galveston Place SW contains four residential units totaling 2,960 square feet. Each residence provides two bedrooms and one full bathroom, creating a consistent layout across the building. The property includes eight bedrooms and four bathrooms overall, and all units received updates in 2022. Built in 1943, the building features Colonial and Cape Cod architectural elements on a 0.1041-acre lot.
The property is positioned near Metrobus service and major commuter routes serving Washington, DC, Maryland, and Northern Virginia. Southern Avenue Metro, Suitland Parkway, I-295, I-495, and the Capital Beltway are identified as nearby connections. The setting also provides access to Downtown Washington, Capitol Hill, the Navy Yard, National Harbor, Joint Base Anacostia-Bolling, and employment centers in Maryland. The four residences can remain in rental operation or support an owner-occupant strategy with income from the other units.
The property is positioned near Metrobus service and major commuter routes serving Washington, DC, Maryland, and Northern Virginia. Southern Avenue Metro, Suitland Parkway, I-295, I-495, and the Capital Beltway are identified as nearby connections. The setting also provides access to Downtown Washington, Capitol Hill, the Navy Yard, National Harbor, Joint Base Anacostia-Bolling, and employment centers in Maryland. The four residences can remain in rental operation or support an owner-occupant strategy with income from the other units.
Key Highlights
- Four residential units with a uniform two‑bedroom, one‑bathroom layout
- 2,960 square feet across the building
- All four units updated in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,035
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,060,700
$1.1M
Cap Rate 7%
$757,643
$757.6K
Cap Rate 9%
$589,278
$589.3K
Market Conditions
NOI Build-Up for 2,960 SF
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.
Gross rent
$79.9K $27.00/SF
− Vacancy
−$4.2K −$1.40/SF
EGI
$75.8K $25.60/SF
− OpEx
−$22.7K −$7.68/SF
NOI
$53.0K $17.92/SF
Area
Washington, DC
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,060,700
Cap Rate 7%
$757,643
Cap Rate 9%
$589,278
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
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 20032, DC
38,904
Population
19,708
Households
2
Avg Household Size
33
Median Age
23%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
7,482
Density / Sq Mi
$48,146
Median Household Income
$44,487
Median Earnings
$1,285
Median Rent
$391,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Uniform two-bedroom residences were updated in 2022 for continued rental operations.
Where is this quadplex located?
The property is located at 113 GALVESTON Place SW 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 residential units with a uniform two‑bedroom, one‑bathroom layout; 2,960 square feet across the building; All four units updated in 2022
