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Washington,DC 20032
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,720 sqft
Price per Sqft $291
MLS Listing ID DCDC2187598
Style Traditional
Abv Grd Liv Area 2,720
Originating Board BRIGHT
Year Built 1943
Annual Tax Amount $4,372
Tax Year 2024
Lot Size 4,414 Sqft
Acres 0.1
Property Sub-Type Twin/Semi-Detached
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
Location
State DC
County Washington
Zoning R
Interior
Hot Water Electric
Heating Hot Water
Cooling None
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 6239//0067
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard