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Listed by Ari Firoozabadi • Greysteel Company LLC
$ 550,000
Est. payment /mo
New
27 GALVESTON PL SW Washington, DC 20032
4,130 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2240572
Year Built 1943
Annual Tax Amount $5,827
Tax Year 2026
Lot Size 4,130 Sqft
Acres 0.09
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
"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 to major employment, retail, and entertainment hubs across the District and Prince George's County, further strengthening its rental appeal."
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 to major employment, retail, and entertainment hubs across the District and Prince George's County, further strengthening its rental appeal."
Location
State DC
County Washington
Zoning UNKNOWN
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Ballou Senior
School District District Of Columbia Public Schools
Others
Tax ID 6239//0071
Ownership Fee Simple
Special Listing Condition Standard
