Skip main navigation
Under contract
  • $690,000

    15 Halley Pl SE, Washington, DC 20032

    5beds
    --baths
    2,442sqft
    : 
    Quadruplex
    Built in 1953
    -- sqft lot
    $-- Zestimate®
    $283/sqft
    $-- HOA

    What's special

    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). 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.
    141 days
    |
    21
    |
    0
    |

    Zillow last checked: 8 hours ago

    Listing updated: November 12, 2025 at 04:01pm

    Listed by:

    Mr. Kirk Chatman 240-447-1977,

    Fairfax Realty Premier

    Source: Bright MLS,MLS#: DCDC2212176MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    Basement
    • Area: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Gas Water Heater
    Features
    • Flooring: Luxury Vinyl, Hardwood, Ceramic Tile
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 2,442
    • Total interior livable area: 2,442 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 3,304 Square Feet
    • Features: Unknown Soil Type
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 6116//0060
    • Zoning: R5A
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Quadruplex
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Rubber,Flat
    Condition
    • Excellent,Very Good
    • New construction: No
    • Year built: 1953

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Fiber Optic, Cable, Satellite Internet Service

    Community & HOA

    Location
    • Region: Washington

    Financial & listing details

    • Price per square foot: $283/sqft
    • Tax assessed value: $441,110
    • Annual tax amount: $3,654
    • Date on market: 7/23/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Assumable,Conventional,Cash,FHA 203(k),VA Loan
    • Ownership: Fee Simple
    Kirk Chatman

    (301) 794-9400

    By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $4,829/mo

    Price history

    Price history
    DateEventPrice
    10/3/2025Contingent$690,000$283/sqft
    Source: Bright MLS #DCDC2212176 Report a problem
    9/3/2025Price change$690,000-1.4%$283/sqft
    Source: Bright MLS #DCDC2212176 Report a problem
    8/21/2025Price change$699,800+0.1%$287/sqft
    Source: Bright MLS #DCDC2212176 Report a problem
    8/5/2025Price change$699,000-2.9%$286/sqft
    Source: Bright MLS #DCDC2212176 Report a problem
    7/29/2025Price change$719,999-2%$295/sqft
    Source: Bright MLS #DCDC2212176 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$3,749 +2.6%$441,110 +2.6%
    2024$3,654 +3.3%$429,860 +3.3%
    2023$3,536 +10.9%$416,020 +10.9%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $3,892/mo
    Principal & interest
    $3288
    Property taxes
    $362
    Home insurance
    $242

      Climate risks

      Neighborhood: Congress Heights

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • District: District Of Columbia Public Schools

      Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

      Similar homes

      Skip to the end of the carouselSkip to the beginning of the carousel
      • Loading