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$663,000
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Property Description
Opportunity Alert - Assumable 2.5% FHA Loan ($530K Balance, $3,113/Month!) This is a rare chance to assume a 2.5% FHA loan with an outstanding balance of $530,000 and a low monthly payment of $3,113 (including principal, insurance, and interest). That's still over $1,400 per month in potential savings compared to today's rates, offering unbeatable cash flow and long-term affordability. This is a move-in-ready, revenue-generating 4-unit multifamily in Washington, DC, located just steps from I-295 and Joint Base Anacostia-Bolling. It features stable Section 8 tenants and upstairs units currently under renovation, including the owner's unit that is being reconfigured into a two-bedroom setup, unlocking tremendous value-add potential. Unit 1 (Section 8) rents for $1,330/month, and Unit 2 (Section 8) rents for $1,250/month. Unit 3 is vacant and under renovation, and Unit 4, the owner's unit, is being converted into a two-bedroom with projected rent of $1,700 month. The downstairs tenant has expressed willingness to move upstairs, which would allow her current unit to also be converted into a two-bedroom with projected rent of another $1,700/month. Once fully stabilized and rented, the property will generate approximately $5,980/month in gross rent. With the assumable FHA loan at a 2.5% interest rate and a monthly mortgage of about $3,113, a buyer would net around $3,000 month in positive cash flow from day one. This kind of return is virtually unheard of in today's market. It far surpasses any high-yield savings account or traditional investment vehicle. Beyond immediate cash flow, buyers also benefit from long-term appreciation, principal paydown, and significant tax advantages that only real estate provides. This property represents a rare opportunity to acquire a stabilized, high-yield asset in a prime location with built-in upside. Call now to learn about assumption requirements and unlock serious savings.
Full Property Details
Full Property Details for 15 Halley Pl SE
General
- Sold For: $663,000
- Taxes: $3,654 (2024)
- Status: Closed
- Type: Multi-Family
- Source: BrightMLSMidAtlantic
- MLS ID: DCDC2212176
- Added to Site: 212 day(s) ago
Interior
- Flooring: Luxury Vinyl Plank, Hardwood, Ceramic Tile
Parking
- Parking Type: On Street
Location
- County: WASHINGTON
- Driving Directions: Use navigation system
- City Limits: Yes
School Information
- School District: District Of Columbia Public Schools
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Architectural Style: Traditional
- Structure Type: Other
- Construction: Brick
- Foundation: Slab
- Roof: Rubber, Flat
- Square Feet: 2,442
- Sq. Ft. Source: Estimated
- Living Area: 2,442 Sq. Ft.
- Finished Above Grnd: 2,442 Sq. Ft.
- Year Built: 1953
- Year Built Source: Assessor
- Property Condition: Excellent, Very Good
Unit Information
- Other Units: Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,304
- Lot Size Source: Assessor
- Zoning: R5A
Financial Considerations
- Price Per Sq. Ft.: $282.56
- City/TownTax: $3,654
- City/TownTax Freq: Annually
- Tax w/Assessment: $441,110
- Tax Amount: $3,654
- Tax Year: 2024
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
Listed by Fairfax Realty Premier, Kirk Chatman
Sold by Samson Properties, Babak Binesh
Get Pre-Approved Today
Schools
Schools serving 15 Halley Pl SE
School District:District of Columbia Public Schools
| Name | Grades | Distance |
|---|---|---|
Simon Elementary School 401 Mississippi Avenue Southeast, Washington, DC 20032 | K-5 | 0.4 mi |
Hart Middle School 601 Mississippi Avenue Southeast, Washington, DC 20032 | 6-8 | 0.6 mi |
Ballou High School 3401 4th Street Southeast, Washington, DC 20032 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 15 Halley Pl SE
Date
Details
Price
Change
Source
12/23/2025
Sold
$663,000
-3.91%
MLS
9/02/2025
Price Reduced
$690,000
-1.4%
MLS
8/21/2025
Price Increased
$699,800
0.11%
MLS
8/05/2025
Price Reduced
$699,000
-2.92%
MLS
7/29/2025
Price Reduced
$719,999
-2.04%
MLS
7/23/2025
Listed
$735,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
15 Halley Place SE, Washington, DC 20032 (MLS# DCDC2212176) is a Multi-Family property that was sold at $663,000 on December 23, 2025. Want to learn more about 15 Halley Place SE? Do you have questions about finding other Multi-Family real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.

