15 GALVESTON Place SW Washington, DC 20032
MULTI_FAMILY - Federal - WASHINGTON, DC
Property Features for 15 GALVESTON Place SW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Stove, Microwave, Refrigerator, Disposal
- Standard status
- Active
- Size
- 2,720 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3683
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1943
- Number of units
- 3
- Building materials
- Brick
- Architectural style
- Federal
Listing agent Dagmawi Alemayehu License #SP200201930 (202) 222-5704
Listing office Samson Properties 8455 Colesville Road unit: 11, Chantilly, DC (301) 755-5613
Listing date Apr 14, 2026
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.
The property is located at 15 Galveston Place SW in Washington, DC 20032. According to the current offering remarks, it is generating $8,400 per month in cash flow from the two existing units.
From a tenant or buyer perspective, the configuration provides two fully established, larger-format apartments, plus a basement unit plan that may support added income after completion. The existing plumbing rough-ins, egress windows, and height are documented, which can help streamline the path to finishing the third unit. The listing also notes that the buyer may qualify for financing and closing cost assistance, which could be relevant for eligible purchasers planning their acquisition timeline.
Key Highlights
- High Cash Flow: Generating $8,400/month from two renovated units.
- Value‑Add Opportunity: Unfinished basement configured for a 1‑bedroom, 1‑bathroom apartment.
- Fully Renovated: Triplex renovated in 2022 with updated cabinetry, stainless steel appliances, and quartz countertops.
Local 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 |
