15 HALLEY PL SE Washington, DC 20032
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,304 sqft
Price per Sqft $208
MLS Listing ID DCDC2212176
Style Traditional
Abv Grd Liv Area 2,442
Year Built 1953
Annual Tax Amount $3,654
Tax Year 2024
Lot Size 3,304 Sqft
Acres 0.08
Property Sub-Type Quadruplex
Source BRIGHT
Property Description
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.
Location
State DC
County Washington
Zoning R5A
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Luxury Vinyl Plank, Hardwood, Ceramic Tile
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Roof Type Rubber,Flat
Accessibility None
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 6116//0060
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Assumption, Conventional, Cash, FHA 203(k), VA
Listing Terms Assumption, Conventional, Cash, FHA 203(k), VA
Financing Assumption,Conventional,Cash,FHA 203(k),VA
Special Listing Condition Standard
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