Renovated Triplex with Basement
15 Galveston Place Southwest Washington, DC 20032
For Sale
$799,900
Pending
Renovated 2022 triplex with two 5-bedroom, 2-bath units and a third unfinished one-bedroom, one-bath unit.
Property Size2,720 SF
Days on Market120
Property Features for 15 Galveston Place Southwest
General Information
- Standard status
- Pending
- Size
- 2,720 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1943
Listing Agency:
EXP Realty, LLC
(202) 222-5704
Listed By:
Dagmawi Alemayehu · License #5020761
(202) 222-5704
Source:
Compass
Added: Mar 27
Changed: Jul 23
Last Checked: Jul 23 at 5:05AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This renovated triplex includes two completed units: each offers 5 bedrooms and 2 full bathrooms. The property was renovated in 2022 with updated cabinetry, stainless steel appliances, and quartz countertops throughout the renovated areas.
The third unit is an unfinished 1-bedroom, 1-bath space. It is already configured for occupancy with plumbing rough-ins in place, an egress window, and ceiling height exceeding 7 feet.
The building is located in city limits in Washington, DC, within the District of Columbia Public Schools school district.
The third unit is an unfinished 1-bedroom, 1-bath space. It is already configured for occupancy with plumbing rough-ins in place, an egress window, and ceiling height exceeding 7 feet.
The building is located in city limits in Washington, DC, within the District of Columbia Public Schools school district.
Key Highlights
- Renovated 2022 triplex with updated cabinetry, stainless steel appliances, and quartz countertops throughout
- Two finished units: each has 5 bedrooms and 2 full bathrooms
- Third unit is unfinished as a 1‑bedroom, 1‑bath setup with plumbing rough‑ins, an egress window, and ceiling height over 7 ft
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 6.09%
Second Best
Apartment 5plus
$645.6K
$564.9K – $753.2K
NOI $45,194 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,936 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Renovated 2022 triplex with two 5-bedroom, 2-bath units and a third unfinished one-bedroom, one-bath unit.
Where is this triplex located?
The property is located at 15 Galveston Place Southwest 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: Renovated 2022 triplex with updated cabinetry, stainless steel appliances, and quartz countertops throughout; Two finished units: each has 5 bedrooms and 2 full bathrooms; Third unit is unfinished as a 1‑bedroom, 1‑bath setup with plumbing rough‑ins, an egress window, and ceiling height over 7 ft
