$899,000
SOLD SEP 26, 2024
-- Bed
-- Bath
2,800 Sq Ft
4,300 Sq Ft Lot

Recently Sold

$321 Per Sq Ft

65 Days on Market

About This Home

As of September 2024

Presenting 58 Galveston Place SW, a compelling investment opportunity featuring a development of four luxury units in the vibrant Congress Heights community. These meticulously designed residences offer upscale urban living within close proximity to the Entertainment Sports Arena, Gateway DC, Congress Heights Art & Cultural Center, and National Harbor. The allure of sophistication and energy is evident in each space, making this an enticing investment prospect.

Of the four units, three boast 3 bedrooms and 1 bathroom, while the fourth unit features 2 bedrooms and 2 bathrooms, catering to a diverse range of potential tenants. Each unit offers approximately 815 square feet of living space, re-engineered wood flooring, quartz countertops, white shaker style cabinets, and stainless-steel appliances, ensuring an attractive modern living environment.

The building is currently 100% vacant, presenting an opportunity for investors to capitalize on this prime real estate. Additionally, voucher rent support is available at $1,893 per month for each 3-bedroom unit and $1,360 per month for the 2-bedroom/2-bath unit, resulting in a total monthly income of $7,039.

This is a compelling chance for savvy investors to acquire a lucrative property in a sought-after location. Don't miss out on the potential of 58 Galveston Place SW as a rewarding addition to your investment portfolio.

Last Agent to Sell the Property

Sam Nassar

Compass

Compass

Last Buyer's Agent

Pauli Gomez

KW Metro Center License #0225232038

KW Metro Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,410

Year Built

  • Built in 1944 | Remodeled in 2020

Lot Details

  • 4,300 Sq Ft Lot

Home Design

  • Quadruplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Brick Foundation

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Partially Finished Basement

Community Details

  • 4 Units
  • 4 Vacant Units

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 6239/S/0013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,410

Year Built

Built in 1944 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1944
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Presenting 58 Galveston Place SW, a compelling investment opportunity featuring a development of four luxury units in the vibrant Congress Heights community. These meticulously designed residences offer upscale urban living within close proximity to the Entertainment Sports Arena, Gateway DC, Congress Heights Art & Cultural Center, and National Harbor. The allure of sophistication and energy is evident in each space, making this an enticing investment prospect. Of the four units, three boast 3 bedrooms and 1 bathroom, while the fourth unit features 2 bedrooms and 2 bathrooms, catering to a diverse range of potential tenants. Each unit offers approximately 815 square feet of living space, re-engineered wood flooring, quartz countertops, white shaker style cabinets, and stainless-steel appliances, ensuring an attractive modern living environment. The building is currently 100% vacant, presenting an opportunity for investors to capitalize on this prime real estate. Additionally, voucher rent support is available at $1,893 per month for each 3-bedroom unit and $1,360 per month for the 2-bedroom/2-bath unit, resulting in a total monthly income of $7,039. This is a compelling chance for savvy investors to acquire a lucrative property in a sought-after location. Don't miss out on the potential of 58 Galveston Place SW as a rewarding addition to your investment portfolio.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Room Count: 18
  • Basement: Yes
  • Basement Type: Partially Finished
  • Total Sq Ft: 3290
  • Living Area Sq Ft: 2800
  • Price Per Sq Ft: 321.39
  • Above Grade Finished Sq Ft: 2800
  • Below Grade Sq Ft: 490
  • Total Below Grade Sq Ft: 490
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 58

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4300.00
  • Soil Types: Unknown
  • Year Assessed: 2023
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 4

Tax Info

  • Tax Annual Amount: 6410.00
  • Assessor Parcel Number: 6239/S/0013
  • Tax Lot: 13
  • Tax Total Finished Sq Ft: 2800
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 09/26/2024

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2024 09/26/24 Sold $899,000 -0.1% $321 / Sq Ft
08/08/2024 08/08/24 Pending -- -- --
06/04/2024 06/04/24 For Sale $899,900 -- $321 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: DCDC2144856

Bright MLS

APN: 6239 S 0013