16 GALVESTON PL SW, Washington, DC 20032
16 GALVESTON PL SW, Washington, DC 20032
16 GALVESTON PL SW, Washington, DC 20032
16 GALVESTON PL SW, Washington, DC 20032
16 GALVESTON PL SW, Washington, DC 20032
16 GALVESTON PL SW, Washington, DC 20032
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$ 599,000
Est. payment | /mo

2,800 SqFt


$ 599,000
Est. payment | /mo

2,800 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,800 sqft

Price per Sqft $213

Lot Size 5,008 Sqft

MLS Listing ID DCDC2269264

Financing Assumption

Style Other

Total Units 3

Short Sale No

Originating MLS BRIGHT

Property Description

Rare opportunity to acquire a 3-unit property with a low 2.375% FHA assumable loan, originally originated in December 2021 with a maturity date of January 2052. With today's higher interest rate environment, this assumable financing may offer significant long-term savings compared to obtaining a new loan.

This property presents a strong house-hacking opportunity for an owner-occupant. A buyer may choose to live in the spacious 3-bedroom unit while using rental income from the two additional 2-bedroom units to help offset the monthly mortgage payment.
Investors and owner-occupants may also explore potential rental strategies, including market-rate rentals or participation in the DC voucher program, subject to all applicable rules, licensing, and buyer due diligence.

Property is being sold strictly AS-IS. Asking price reflects the approximate current loan balance.

Buyer must also complete all due diligence regarding the Certificate of Occupancy, Basic Business License, rental compliance, zoning, and any applicable regulatory requirements. Seller and listing agent make no representations or guarantees regarding future rental income, financing approval, or regulatory compliance.

Location

State DC

County Washington

Zoning R-2

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Fireplace N

Heat Source Electric

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Building

New Construction N

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Schools

School District District Of Columbia Public Schools

Others

Tax Amount $6,192

Tax Year 2025

Tax ID 6239/S/0027

Ownership Fee Simple

SqFt Source 2800

Acceptable Financing Assumption

Special Sale Standard

Bright MLS (BMLS)
Listed by NWABUEZE OKWODU • Samson Properties

Nearby Locations

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