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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$ 655,000
Est. payment | /mo

2,800 SqFt


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$ 655,000
Est. payment | /mo
Save

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 $233

Lot Size 5,008 Sqft

MLS Listing ID DCDC2250342

Financing Assumption

Style Other

Total Units 2

Short Sale No

Originating MLS BRIGHT

Available Date 2026-04-03

Property Description

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.
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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 loan assumption requirements, eligibility, and lender terms. Buyer is responsible for confirming and completing all due diligence related to the Certificate of Occupancy (CFO) and Basic Business License (BBL). Seller and listing agent make no representations regarding future rental income or regulatory compliance.
TRANSACTION TERMS: Asking price reflects the loan balance. Buyer is responsible for 100% of closing costs and all broker fees.

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 Abel Gebremichael • Keller Williams Capital Properties

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16 GALVESTON PL SW