Duplex with Basement Unit
15 GALVESTON PLACE SW, Washington, DC 20032
For Sale
$699,900
Two updated residences sit above an unfinished basement arranged for a one-bedroom apartment.
Property Size2,720 SF
Days on Market49
Property Features for 15 GALVESTON PLACE SW
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Samson Properties
Listed By:
Dagmawi Alemayehu · License DC SP200201930
(202) 222-5704
Source:
Barnesrealestatecompany
Added: Sep 27
Changed: Nov 11
Last Checked: Nov 14 at 11:24AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
Built in 1943, this duplex contains two five-bedroom, two-bathroom residences, with renovations completed in 2022. Both units feature updated cabinetry, stainless steel appliances, and quartz countertops. One residence is currently leased; the tenant may remain or leave.
The unfinished basement is arranged for a potential one-bedroom, one-bathroom apartment, with plumbing rough-ins, egress windows, and ceiling heights exceeding 7 feet.
The unfinished basement is arranged for a potential one-bedroom, one-bathroom apartment, with plumbing rough-ins, egress windows, and ceiling heights exceeding 7 feet.
Key Highlights
- Two units, each with 5 bedrooms and 2 full bathrooms
- Renovations completed in 2022; updated cabinetry, stainless steel appliances, and quartz countertops in both units
- Unfinished basement laid out for a potential 1‑bedroom, 1‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,735
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,700
$974.7K
Cap Rate 7%
$696,214
$696.2K
Cap Rate 9%
$541,500
$541.5K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$73.4K $27.00/SF
− Vacancy
−$3.8K −$1.40/SF
EGI
$69.6K $25.60/SF
− OpEx
−$20.9K −$7.68/SF
NOI
$48.7K $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 Rate 5%
$974,700
Cap Rate 7%
$696,214
Cap Rate 9%
$541,500
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.
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Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
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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
$391,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Washington, DC
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences sit above an unfinished basement arranged for a one-bedroom apartment.
Where is this duplex located?
The property is located at 15 GALVESTON PLACE SW Washington, DC.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two units, each with 5 bedrooms and 2 full bathrooms; Renovations completed in 2022; updated cabinetry, stainless steel appliances, and quartz countertops in both units; Unfinished basement laid out for a potential 1‑bedroom, 1‑bath apartment
