Back to Search
16 Galveston Pl
For Sale $655,000 ($233.93 per Sq Ft)
$655,000 ($233.93 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 2,800 Sq Ft
- 5,008 Sq Ft
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.
--------------------------------------------------------------------------------------------
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.
Loading map...
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $655,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 2,800 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1944 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 6239/S/0027 |
| MLS # | DCDC2250342 |
| Property ID | 322725554 |
| Lot Sqft | 5,008 |
| Zoning | R-2 |
| Total Units | 2 |
| Days on Market | 33 |
| Original List Price | Unknown |
| Date Updated | April 22, 2026 |
| Date Created | April 02, 2026 |
Listing Provided By
Abel M Gebremichael an agent of . Lic #SP98377913
© 2026 Copyright BRIGHT, All Rights Reserved
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.
Information Deemed Reliable But Not Guaranteed
Data last updated: May 05, 2026.
Robert Crawford
REAL ESTATE AGENT