About the Listing GRYS1 - 136386

"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."

Listing Highlights