$793,700

11 GALVESTON PLACE, Washington, DC 20032

  • 2,720 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1943
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $292/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Turnkey Investment Opportunity – 11 Galveston Place, Washington, D.C. A prime, income-generating property in the rapidly growing Congress Heights (Sub-Neighborhood A, Ward 8)! 11 Galveston Place is a corner lot featuring two fully rented 3-bedroom, 2-bathroom apartments, both occupied by long-term tenants through the DC Housing Choice Voucher Program, ensuring immediate and stable cash flow from day one. Key Property Features: ✅ Corner Lot with Expansive Land – Offers ample outdoor space and potential for future development or enhancements. ✅ Unfinished Basement with Rental Potential – Convert into an additional income-generating unit or use for storage/flex space. ✅ Fully Rented with Guaranteed Income – Government-backed rental payments provide consistent, reliable cash flow. ✅ Long-Term, Stable Tenants – One tenant has been in place for over 7 years The second tenant has been there for over 1 year Proven rental stability with tenants who have maintained their leases long-term. ✅ Spacious 3BR/2BA Units – Well-designed apartments that attract and retain tenants. ✅ Proximity to Major Employment Centers – Located minutes from key federal and military institutions, ensuring a strong and consistent rental demand: Joint Base Anacostia-Bolling U.S. Naval Research Laboratory United Medical Center New Homeland Security Main Campus Upcoming ATF Headquarters A Smart Investment in a High-Growth Area Congress Heights is experiencing major redevelopment, making it one of D.C.’s fastest-growing and appreciating neighborhoods. With infrastructure improvements, new federal and private-sector investments, and increasing property values, this is a prime opportunity for investors seeking long-term appreciation and cash flow stability. 💰 Built-in equity, expansion potential, and a high-demand rental market—don’t miss out! Asking Price: $793,700

Listing Status:
Active
Listing Office:
Samson Properties : 3018500255
Listing Agent:
NWABUEZE KENNETH OKWODU : 3015592872
MLS ID:
DCDC2187598
  • A/C: None
  • Heating: YHot WaterElectric
  • Disability Feature: None

This listing courtesy of NWABUEZE KENNETH OKWODU, Samson Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Patterson Elementary School

4399 S Capitol Ter SW, Washington, DC, 20032

Grades EE-5

0.14 miles away

H

Hart Middle School

601 Mississippi Ave SE, Washington, DC, 20032

Grades 6-8

1.06 miles away

B

Ballou Stay High School

3401 4th St SE, Washington, DC, 20032

Grades 9-12

1.02 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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