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MLS: #DCDC2240284, Listed By: Deborah Reynolds, Keller Williams Realty, Source:Bright MLS

145 Galveston Place

WASHINGTON, DC 20032
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$475,000 $2,002/Mo
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Bed 4

Bed

Bath 0

Bath

SqFt2,720

Sqft

Acres0.10

Acre(Lot)

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 Washington, DC's emerging growth corridors. Photos may be virtually staged.

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Detail Ic Property Details

Property Type : Residential Income

Price : $475,000

AD Id : 74735204

MLS Id : DCDC2240284

Beds : 4

Lot Size : 0.10 Acre

Living Area Size : 2,720

Year Built : 1943

County : WASHINGTON

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Feature Features

  • Bedroom Information

    Total beds: 4

  • Interior Features

    Appliances: Gas Water Heater

  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Radiant Has Cooling: Yes Cooling: Window Unit(s), Electric

  • Building Information

    Year Built: 1943 Building Area Total: 3332 Construction Materials: Brick Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.1 Lot Size Source: Assessor Lot Size Square Feet: 4536

  • Listing Price Information

    Listing Price: $475000

  • Tax Information

    Parcel Number: 6239//0092 Tax Lot: 92 Tax Year: 2025 Annual Tax: $5017

  • Parking Information

    Off Street

  • School Information

    Elementary School: PATTERSON
    Junior High School: HART
    Senior High School: BALLOU

  • Location Information

    Direction: 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 WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
325 Parkland Place, Washington, DC, 20032 $399,000 10 -- 2,720 2,720 SqFt
2812 2nd Street, Washington, DC, 20032 $650,000 6 -- 3,712 3,712 SqFt

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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 07/23/2026 @ 16:12

MLS: DCDC2240284 LISTED BY: Deborah Reynolds, Keller Williams Realty 703-679-1700 SOURCE: Bright MLS

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