Property

Washington, DC 20032 15 Halley Place SE

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Presented By: Fairfax Realty Premier
  • MLS# DCDC2212176
  • 07/23/2025
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  • Beds • 5

Home Details

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). Thats still over $1,400 per month in potential savings compared to todays 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 owners 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 owners 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 todays 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.
Presented By: Fairfax Realty Premier

Interior Features for 15 Halley Place SE

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Basement (Y/N)No
Central Air Y/NYes
Fireplace Y/NNo
FlooringLuxury Vinyl Plank, Hardwood, Ceramic Tile
Furnished UnitsAll
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 15 Halley Place SE

Acceptable FinancingAssumption, Conventional, Cash, FHA 203(k), VA
AccessibilityNone
Architectural StyleTraditional
Association Recreation FeeN
CityWASHINGTON
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyWASHINGTON
DirectionsUse navigation system
DisclosuresNone
Garage Y/NNo
HeatingForced Air
Historic Y/NNo
Home Warranty Y/NNo
Legal SubdivisionCongress Heights
Living Area2442
Lot Size Square Feet3304.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-10-02T23:01:44
New ConstructionNo
Number Of Units Total4
Number of Units Leased2
One Bedroom Units Count3
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG282.56
Property ConditionExcellent, Very Good
Property SubtypeQuadruplex
Property TypeMulti-Family
RoofRubber, Flat
School DistrictDISTRICT OF COLUMBIA PUBLIC SCHOOLS
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeOther
Tax Annual Amount3654.0
Tax Assessed Value441110.0
Tax Year2024
Total SQFT2442
TransportationAirport less than 10 miles, Metro/Subway Station 1 to 3 miles, Bus Stop less than 1 mile, Commuter Rail Station 1 to 5 miles
Two Bedroom1
UtilitiesCable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1953
Year Built SourceAssessor
ZoningR5A

Exterior for 15 Halley Place SE

Foundation DetailsSlab
Lot Size Acres0.08
Lot Size SourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Soil TypesUnknown
SpaNo
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $690,000
MLS#DCDC2212176
List Date 07/23/2025
Property Type Contingent
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