Renovated Duplex with
For Sale
$699,900
15 GALVESTON PLACE SW, Washington, DC 20032
Two substantial apartments sit above an unfinished lower level configured for a potential additional residence.
Property Size2,720 SF
Price / SF$257.32
Days on Market10
Property Features for 15 GALVESTON PLACE SW
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Triplex
Units
Unit Mix
2 x 5BR/2BA
Multifamily Units
2
Building Details
Year Built
1943
Year Renovated
2022
Listing Agency:
Samson Properties
(301) 755-5613
Listed By:
Dagmawi Alemayehu · License #0225274849
(202) 222-5704
Source:
Cummingsrealtors
Added: Sep 27
Changed: Oct 4
Last Checked: Oct 5 at 6:42PM
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
Investment Insights
Based on property information with market context.
This 2,720-SF duplex, built in 1943, contains two apartments, each with five bedrooms and two full bathrooms. Renovation work was completed in 2022, with updated cabinetry, stainless steel appliances, and quartz countertops in both units. One apartment is currently leased.
The unfinished basement is arranged for a potential one-bedroom, one-bath apartment. Existing features include plumbing rough-ins, egress windows, and ceiling heights exceeding 7 feet.
The unfinished basement is arranged for a potential one-bedroom, one-bath apartment. Existing features include plumbing rough-ins, egress windows, and ceiling heights exceeding 7 feet.
Key Highlights
- Two apartments, each with 5 bedrooms and 2 full bathrooms
- 2,720 SF duplex built in 1943
- Renovated in 2022 with updated cabinetry, stainless steel appliances, and quartz countertops in both units
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
723
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two substantial apartments sit above an unfinished lower level configured for a potential additional residence.
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 apartments, each with 5 bedrooms and 2 full bathrooms; 2,720 SF duplex built in 1943; Renovated in 2022 with updated cabinetry, stainless steel appliances, and quartz countertops in both units
