27 GALVESTON PLACE SW
Washington, DC 20032
Price Upon Request
"THE OPPORTUNITY
27 Galveston Place SW presents a fully occupied five-unit multifamily property in the Bellevue neighborhood of Southwest Washington, DC. The building includes four 2BR/1BA units and one 4BR/2BA unit, with an average in-place rent of $1,663. The property offers strong day-one cash flow with further upside in a rapidly transitioning submarket.
DIVERSE UNIT MIX WITH STRONG TENANT DEMAND
The unit mix includes a rare 4BR/2BA layout alongside four traditional 2BR/1BA units, appealing to a wide range of renters—from families seeking larger living space to individuals and roommates seeking affordability in the city. The fully leased status and consistent rental demand make this a stable investment in a high-demand rental corridor.
IN-PLACE CASH FLOW WITH RENTAL UPSIDE
With 100% occupancy and reliable income in place, this asset offers immediate yield. Current rents remain below market for the area, allowing room for future rent growth through targeted unit updates and improved property management over time.
ESTABLISHED, RESILIENT LOCATION
Located in the Bellevue submarket, just west of Congress Heights, the property sits within a growing residential community with long-term tenants and new development nearby. It offers easy access to major roadways including South Capitol Street and I-295, positioning the property well for long-term value appreciation.
CONNECTED THROUGH MULTIPLE METROBUS LINES
The property is adjacent to the C11, C17, and C27 Metrobus lines, offering direct transit service north to the Anacostia and Potomac Ave Metro stations and south to National Harbor and Washington Highlands. These routes provide residents with efficient access ...
Listing Courtesy of: Greysteel Company LLC
202-280-2722
| Listing Id: | DCDC2273350 |
|---|---|
| Property Type: | Commercial Sale |
| Property Sub Type: | Five Or More Units |
| Status: | Active Under Contract |
| Tax Annual Amount: | $5,827 |
| Lot Size Square Feet: | 4,130.0 |
| Lot Size Acres: | 0.09 |
| Waterfront?: | No |
| City: | Washington |
| Counties Or Regions: | Washington |
| Postal Code: | 20032 |
| Year Built: | 1943 |
| Listing Agreement: | Exclusive Agency |
| Frequency: | Annually |
| Client Application Edited Yn: | Yes |
| Mls List Date: | 2026-07-14 |
| State Or Province: | DC |
| Postal Code Plus4: | 2076 |
| Legal Subdivision: | Congress Heights |
| Possession: | Other |
| Directions: | . |
| High School: | BALLOU SENIOR |
| School District Sources: | Listing Agent |
| School District Key: | 121140357950 |
| Cooling: | None |
| Construction Materials: | Brick |
| Building Area Total: | 4,130.0 |
| Accessibility Features: | None |
| Heating: | None |
| Building Area Source: | Estimated |
| Year Built Source: | Estimated |
| Basement Yn: | No |
| Cooling Fuel: | None |
| Heating Fuel: | None |
| Hot Water: | None |
| Other Units: | Unit 1, Unit 1, Unit 1, Unit 1, Unit 1 |
| Net Square Feet: | 2,720.0 |
| Type Of Parking: | On Street |
| In City Limits Yn: | Yes |
| County Tax Frequency: | Annually |
| Land Use Code: | 0 |
| Tax Assessment Amount: | $685,550.00 |
| Tax Year: | 2026 |
| Zoning: | UNKNOWN |
| Listing Tax: | 6239//0071 |
| Ownership: | Fee Simple |
| Special Listing Conditions: | Standard |
| Lot Size Source: | Estimated |
| Lot Size Units: | Square Feet |
| Soil Types: | Unknown |
| Sewer: | Public Sewer |
| Water Source: | Public |
| Business Type: | Apartment Building |
| School District NameSchool District: | DISTRICT OF COLUMBIA PUBLIC SCHOOLS |
| Short Sales: | No |
| Tenancy Svo: | Multiple |
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Property Last Updated: October 26, 2026 11:09 PM - ET

