$ 475,000
-
$475,000
Price -
4
Bed -
4
Bath -
2,848
SqFt -
0.1
Acre
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About the Listing HWRS1 - 137002
Back on the market due to buyer's financing. Great investment opportunity in Congress Heights! This turn-key brick multi-family structure features four updated 1-bedroom, 1-bathroom units. Fifty percent occupancy is generating $2065 gross monthly income which is anchored by two longstanding tenants. The two vacant units provides the opportunity for leases at current market rates or potential for owner-occupancy. 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. Tenants will love the premium amenities, including hardwood floors, built-in microwaves, icemakers, and in-unit stackable washers and dryers. The property offers energy-efficient systems, low expenses, and 3 rear spaces that provide off-street parking for up to two regular sized vehicles and one bike/motorcycle. The off-street parking can also generate additional income. Situated on a manageable 0.1-acre lot, it requires minimal maintenance, ensuring a quicker return on investment. Unit also includes a basement with the potential to be converted into an additional unit (with some excavation and renovation) or generate income from storage. Located just 1 to 3 miles from buses, subways, and major transportation routes (I-295, I-395, I-695, and I-495). Perfect for a savvy investor or an owner-occupant looking to live in one unit while generating steady rental income. Don't miss this excellent addition to acquire this renovated, income-producing, multifamily asset with immediate cash flow, long-term appreciation potential, and value-added potential, in one of DC's emerging growth corridors!
Listing Highlights for 125 Galveston Pl SW
Status
Pending
Days on Site
173
Property Type
Multi-Family
MLS ®
DCDC2263270
Year Built
1943
Total Square Footage
2,848
Lot/Acreage
0.1
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Built-In Microwave, Disposal, Icemaker, Oven/Range - Gas, Refrigerator, Washer/Dryer Stacked
- Air Cond: Ceiling Fan(s),Window Unit(s)
- Heating: Radiator
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft: 2848
- Basement: Outside Entrance,Rear Entrance
- Other: Ceiling Fan(s),Combination Dining/Living,Wood Floors
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 3
- Zoning: Residential
- Roof: Unknown
- Others: Good
- Sewer: Public Sewer
- Parking Features: Off Street,On Street,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $874
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
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Listing Location
Questions About..
125 Galveston Pl SW Washington, DC 20032
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