Two-Unit Multifamily with
For Sale
$699,900
15 GALVESTON Place SW, Washington, DC 20032
Multi-Family, WASHINGTON, DC
Property Size2,720 SF
Lot Size0.09 Acres
Price / SF$257.32
Days on Market11
Property Features for 15 GALVESTON Place SW
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Appliances
Stove, Microwave, Refrigerator, Disposal
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
2,720 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 Agency:
Samson Properties
(301) 755-5613
Listed By:
Dagmawi Alemayehu · License #SP200201930
(202) 222-5704
Added: Sep 27
Changed: Sep 29
Last Checked: Oct 7 at 2:06AM
MLS# DCDC2285032
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 2,720-square-foot brick multifamily property contains two residences, each with five bedrooms and two full bathrooms. Renovated in 2022, both units have updated cabinetry, stainless steel appliances, and quartz countertops. Central air and hot-water heating serve the building, which was constructed in 1943. The 0.0929-acre parcel has on-street parking.
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. One of the existing units is leased; the tenant may remain or vacate. The property is located at 15 Galveston Place SW in Washington, DC.
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. One of the existing units is leased; the tenant may remain or vacate. The property is located at 15 Galveston Place SW in Washington, DC.
Key Highlights
- Two five‑bedroom, two‑bathroom residences
- 2,720 square feet on a 0.0929‑acre parcel
- Basement laid out for a potential 1‑bedroom, 1‑bathroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,194
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,880
$903.9K
Cap Rate 7%
$645,629
$645.6K
Cap Rate 9%
$502,156
$502.2K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$86.5K $31.80/SF
− Vacancy
−$4.3K −$1.59/SF
EGI
$82.2K $30.21/SF
− OpEx
−$37.0K −$13.59/SF
NOI
$45.2K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,880
Cap Rate 7%
$645,629
Cap Rate 9%
$502,156
Alternative Uses
Best Use
Apartment 5plus
$645.6K
$564.9K – $753.2K
NOI $45,194 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
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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Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - The lower level has plumbing rough-ins and egress windows for a potential one-bedroom apartment.
Where is this multifamily property 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 five‑bedroom, two‑bathroom residences; 2,720 square feet on a 0.0929‑acre parcel; Basement laid out for a potential 1‑bedroom, 1‑bathroom apartment
