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$550,000 Just Listed
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Property Description
"THE OPPORTUNITY 27 Galveston Place SW presents a fully occupied five-unit multifamily property in the Bellevue neighborhood of Southwest Washington, DC. The building includes four 2BR/1BA units and one 4BR/2BA unit, with an average in-place rent of $1,663. The property offers strong day-one cash flow with further upside in a rapidly transitioning submarket. DIVERSE UNIT MIX WITH STRONG TENANT DEMAND The unit mix includes a rare 4BR/2BA layout alongside four traditional 2BR/1BA units, appealing to a wide range of renters-from families seeking larger living space to individuals and roommates seeking affordability in the city. The fully leased status and consistent rental demand make this a stable investment in a high-demand rental corridor. IN-PLACE CASH FLOW WITH RENTAL UPSIDE With 100% occupancy and reliable income in place, this asset offers immediate yield. Current rents remain below market for the area, allowing room for future rent growth through targeted unit updates and improved property management over time. ESTABLISHED, RESILIENT LOCATION Located in the Bellevue submarket, just west of Congress Heights, the property sits within a growing residential community with long-term tenants and new development nearby. It offers easy access to major roadways including South Capitol Street and I-295, positioning the property well for long-term value appreciation. CONNECTED THROUGH MULTIPLE METROBUS LINES The property is adjacent to the C11, C17, and C27 Metrobus lines, offering direct transit service north to the Anacostia and Potomac Ave Metro stations and south to National Harbor and Washington Highlands. These routes provide residents with efficient access to major employment, retail, and entertainment hubs across the District and Prince George's County, further strengthening its rental appeal."
Full Property Details
Full Property Details for 27 Galveston Pl SW
General
- Price: $550,000
- Taxes: $5,827 (2026)
- Status: Active
- Type: Apartment
- Source: BrightMLSMidAtlantic
- MLS ID: DCDC2240572
- Updated: 1/12/2026
- Added to Site: 7 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Parking Type: On Street
Location
- County: WASHINGTON
- Driving Directions: .
- City Limits: Yes
School Information
- High School: Ballou Senior
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Water Heater: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Building Size: 3332
- Year Built: 1943
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 4,130
- Lot Size Source: Assessor
Financial Considerations
- Price Per Sq. Ft.: $165.07
- County Tax Freq: Annually
- Tax w/Assessment: $685,550
- Tax Amount: $5,827
- Tax Year: 2026
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 71
Listed by Greysteel Company LLC, Ari Firoozabadi
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Schools
Schools serving 27 Galveston Pl SW
School District:District of Columbia Public Schools
| Name | Grades | Distance |
|---|---|---|
Patterson Elementary School 4399 South Capitol Terrace Southwest, Washington, DC 20032 | K-5 | 0.2 mi |
Hart Middle School 601 Mississippi Avenue Southeast, Washington, DC 20032 | 6-8 | 1.1 mi |
Ballou High School 3401 4th Street Southeast, Washington, DC 20032 | 9-12 | 1.1 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 27 Galveston Pl SW
Date
Details
Price
Change
Source
1/12/2026
Listed
$550,000
120%
MLS
11/04/2016
Sold
$250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 27 Galveston Pl SW
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,892
4%
$693,200
4%
2024
$5,669
3%
$666,920
6%
2023
$5,519
16%
$631,730
13%
2022
$4,766
12%
$560,710
12%
2021
$4,238
8%
$498,600
8%
2020
$3,933
-88%
$462,730
—
2019
$33,632
1907%
$461,450
134%
2018
$1,676
8%
$197,230
8%
2017
$1,558
-91%
$183,250
10%
2016
$16,658
18%
$166,580
18%
2015
$14,155
109%
$141,550
5%
2014
$6,772
—
$135,430
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 27 Galveston Pl SW
27 Galveston Place SW, Washington, DC 20032 (MLS# DCDC2240572) is a Apartment property. 27 Galveston Place SW is currently listed for $550,000 and was received on January 12, 2026. Want to learn more about 27 Galveston Place SW? Do you have questions about finding other Apartment real estate for sale in Anacostia? You can browse all Anacostia real estate or contact a Coldwell Banker agent to request more information.

