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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Listed by Abel Gebremichael • Keller Williams Capital Properties
$ 655,000
Est. payment | /mo

2,800 SqFt


Save
$ 655,000
Est. payment | /mo
Save

2,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,800 sqft

Price per Sqft $233

MLS Listing ID DCDC2250342

Style Other

Abv Grd Liv Area 2,800

Year Built 1944

Available Date 2026-04-03

Annual Tax Amount $6,192

Tax Year 2025

Lot Size 5,008 Sqft

Acres 0.11

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

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

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Above Ground Finished SqFt 2800

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 6239/S/0027

Ownership Fee Simple

SqFt Source 2800

Acceptable Financing Assumption

Listing Terms Assumption

Financing Assumption

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Lee & Angela Goldstein

"At Northgate Realty, we’re your trusted resource for real estate in Bethesda and beyond—offering expert guidance, local insight, and personalized service every step of the way."

+1(202) 744-8060

team@northgaterealty.com

7920 Norfolk Avenue, Suite 330, Bethesda, 20814, USA

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16 GALVESTON PL SW