Brick Three-Unit
For Sale
$599,000
16 GALVESTON Place SW, Washington, DC 20032
Multi-Family, WASHINGTON, DC
Property Size2,800 SF
Lot Size0.12 Acres
Price / SF$213.93
Days on Market116
Property Features for 16 GALVESTON Place SW
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
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
2,800 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
6192
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1944
Number of units
3
Building materials
Brick
Listing Agency:
Fairfax Realty Premier
(301) 439-9500
Listed By:
NWABUEZE KENNETH OKWODU · License #SP200201583
(703) 533-8660
Added: Jun 22
Changed: Sep 29
Last Checked: Oct 15 at 10:06AM
MLS# DCDC2269264
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 2,800-square-foot triplex contains three residential units: one three-bedroom unit and two two-bedroom units. Built in 1944, the brick property includes central air conditioning, heat-pump heating, and on-street parking. The approximately 0.115-acre parcel is being sold strictly as-is.
The property is located at 16 GALVESTON Place SW in Washington, DC 20032. Certificate of Occupancy, Basic Business License, rental compliance, zoning, and other applicable regulatory matters require buyer due diligence. The available information does not establish future rental income, financing approval, or regulatory compliance.
The property is located at 16 GALVESTON Place SW in Washington, DC 20032. Certificate of Occupancy, Basic Business License, rental compliance, zoning, and other applicable regulatory matters require buyer due diligence. The available information does not establish future rental income, financing approval, or regulatory compliance.
Key Highlights
- Three‑unit configuration with one 3‑bedroom unit and two 2‑bedroom units
- 2,800 square feet on an approximately 0.115‑acre parcel
- Brick construction completed in 1944
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,168
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,360
$1.0M
Cap Rate 7%
$716,686
$716.7K
Cap Rate 9%
$557,422
$557.4K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$75.6K $27.00/SF
− Vacancy
−$3.9K −$1.40/SF
EGI
$71.7K $25.60/SF
− OpEx
−$21.5K −$7.68/SF
NOI
$50.2K $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%
$1,003,360
Cap Rate 7%
$716,686
Cap Rate 9%
$557,422
Alternative Uses
Best Use
Multifamily LT 5
$716.7K
$627.1K – $836.1K
NOI $50,168 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$664.6K
$581.5K – $775.4K
NOI $46,523 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,816 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
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
Check the figures for this property
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?
Triplex - The property includes one three-bedroom residence and two two-bedroom residences with central air conditioning.
Where is this triplex located?
The property is located at 16 GALVESTON Place SW Washington, DC.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three‑unit configuration with one 3‑bedroom unit and two 2‑bedroom units; 2,800 square feet on an approximately 0.115‑acre parcel; Brick construction completed in 1944
