145 GALVESTON PLACE SW
Washington, DC 20032
Price Upon Request
Investor Alert! Turnkey four-unit multifamily opportunity with stable in-place income, low operating expenses, and significant upside potential in Washington, DC's rapidly developing Congress Heights neighborhood. This versatile asset is an excellent opportunity for both first-time multifamily investors looking to enter the market and experienced investors seeking to add a stabilized, income-producing property to their portfolio.
This fully renovated property currently generates $4,000/month in gross rental income and is anchored by three long-term tenants with a proven history of on-time payments, providing immediate and reliable cash flow. Existing rents offer future upside, with the opportunity to strategically adjust rates toward market value over time. One unit is expected to become available, creating flexibility for lease-up at current market rates or potential owner-occupancy.
Designed for efficient ownership, the property features separately metered utilities and exceptionally low owner expenses of approximately $150/month for water and common-area electricity. Renovations include restored hardwood floors, updated kitchens, modern finishes, abundant natural light, private decks, and a rear porch.
The four-unit configuration appeals to both investors and owner-occupants, offering the potential to occupy one unit while rental income from the remaining units helps offset ownership costs.
Ideally situated near Joint Base Anacostia-Bolling, Entertainment and Sports Arena, and the planned RFK Stadium redevelopment, the property benefits from strong rental demand drivers and convenient access to I-295, I-395, I-695, and I-495.
A rare opportunity to acquire a renovated, income-producing multifamily asset with immediate cash flow, value-add potential, and long-term appreciation prospects in one of ...
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Listing Courtesy of: Keller Williams Realty
202-915-6472
| Listing Id: | DCDC2240284 |
|---|---|
| Property Type: | Multi-Family |
| Property Sub Type: | Quadruplex |
| Status: | Active Under Contract |
| Living Area: | 2,720 |
| Tax Annual Amount: | $5,017 |
| Lot Size Square Feet: | 4,536.0 |
| Lot Size Acres: | 0.1 |
| Architectural Style: | Colonial |
| Waterfront?: | No |
| City: | Washington |
| Counties Or Regions: | Washington |
| Postal Code: | 20032 |
| Year Built: | 1943 |
| Number Of Units Total: | 4 |
| Listing Agreement: | Exclusive Right |
| Frequency: | Annually |
| One Bedroom Units: | 4 |
| Client Application Edited Yn: | Yes |
| Mls List Date: | 2026-01-28 |
| Expected On Market Date: | 2026-01-28 |
| State Or Province: | DC |
| Postal Code Plus4: | 1113 |
| Legal Subdivision: | Congress Heights |
| Possession: | Settlement |
| Directions: | Take I-295 N, Exit 2, S Capitol St SW and Martin Luther King Jr Ave SW to Galveston Pl SW, turn left onto Galveston Pl SW, destination will be on the left |
| Elementary School: | PATTERSON |
| Elementary School Source: | Listing Agent |
| High School: | BALLOU |
| High School Source: | Listing Agent |
| Middle Or Junior School: | HART |
| Middle School Source: | Listing Agent |
| School District Sources: | Listing Agent |
| School District Key: | 121140357950 |
| Above Grade Finished Area: | 2,720 |
| Above Grade Finished Area Units: | Square Feet |
| Below Grade Finished Area Source: | Assessor |
| Below Grade Finished Area Units: | Square Feet |
| Cooling: | Window Unit(s) |
| Construction Materials: | Brick |
| Foundation Details: | Other |
| Accessibility Features: | None |
| Heating: | Radiator |
| Heating?: | Yes |
| Above Grade Finished Area Source: | Assessor |
| Living Area Source: | Assessor |
| Other Structures: | Above Grade, Below Grade |
| Year Built Source: | Assessor |
| Basement Yn: | No |
| Below Grade Unfinished Area: | 612 |
| Below Grade Unfinished Area Source: | Assessor |
| Below Grade Unfinished Area Units: | Square Feet |
| Cooling Fuel: | Electric |
| Heating Fuel: | Natural Gas |
| Hot Water: | Natural Gas |
| Other Units: | Unit 1, Unit 1 |
| Type: | Twin/Semi-Detached |
| Type Of Parking: | Off Street |
| Below Grade Area Total: | 612 |
| Source Of Measure Bg: | Assessor |
| Area Total: | 3,332 |
| Source Of Measure: | Assessor |
| Assessment Year: | 2025 |
| In City Limits Yn: | Yes |
| City Town Tax: | $5,017.00 |
| City Tax Frequency: | Annually |
| County Tax Frequency: | Annually |
| Land Use Code: | 0 |
| Tax Assessment Amount: | $588,790.00 |
| Tax Total Finished Sq Ft: | 2,720 |
| Tax Year: | 2025 |
| Zoning: | R5A |
| Listing Tax: | 6239//0092 |
| Ownership: | Fee Simple |
| Special Listing Conditions: | Standard |
| Lot Size Source: | Assessor |
| Lot Size Units: | Square Feet |
| Pool Types: | No Pool |
| Soil Types: | Clay |
| Sewer: | Public Sewer |
| Water Source: | Public |
| School District NameSchool District: | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
| Short Sales: | No |
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Property Last Updated: October 26, 2026 09:23 PM - ET







