16 Galveston Pl Sw, Washington, DC 20032

Washington
Local realty services provided by:ERA Valley Realty
16 Galveston Pl Sw,Washington, DC 20032
$655,000
  • 7 Beds
  • - Baths
  • 2,800 sq. ft.
  • Multi-family
  • Active
Listed by: abel m gebremichael
Office: keller williams capital properties
MLS#:DCDC2250342
Source:BRIGHTMLS

Price summary

  • Price:$655,000
  • Price per sq. ft.:$233.93

About this home

2.375% ASSUMABLE FHA LOAN | $655,000 BALANCE | $4,121.45 PITI. This 3-unit property offers a rare opportunity to assume an FHA loan at a 2.375% interest rate, originated in December 2021 with a maturity date of January 2052. Based on current market rates, this assumption represents a projected savings of over $400,000 in interest over the life of the loan. STRATEGY: Total PITI is currently $4,121.45. An owner-occupant can reside in the 3-bedroom unit while utilizing the rental income from the two 2-bedroom units to offset the monthly mortgage payment. This asset is well-positioned for those seeking to maximize cash flow through the DC voucher program or market-rate rentals in a resilient submarket. -------------------------------------------------------------------------------------------- DISCLAIMER & DISCLOSURE: Property sold strictly AS-IS. To the seller's best knowledge, the loan is FHA assumable; however, the Buyer is solely responsible for performing all due diligence regarding...

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Home facts

  • Year built:1944
  • Listing ID #:DCDC2250342
  • Added:1 day(s) ago
  • Updated:April 03, 2026 at 05:37 AM

Rooms and interior

  • Bedrooms:7
  • Living area:2,800 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Electric, Heat Pump(s)

Structure and exterior

  • Year built:1944
  • Building area:2,800 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Brick

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$655,000
  • Price per sq. ft.:$233.93
  • Tax amount:$6,192 (2025)

Parking

  • Parking description:On Street

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