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Multi-Unit Residential Income Property

1107 48TH Place NE Washington, DC 20019

1107 48TH Place NE, Washington, DC, 20019

$560,000

For Sale

$560,000

MULTI_FAMILY - Contemporary - WASHINGTON, DC

Property Size2,730 SF

Lot Size0.05 Acres

Price / SF$205.13

AddedJun 23

Days on Market24

Last RefreshJul 16 at 5:06 am

Property Features for 1107 48TH Place NE

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: On Street, Driveway, Parking Lot
Standard status: Active
Size: 2,730 SF
Lot size: 0.05 Acres

Taxes and HOA fees

Tax Annual Amount: 4337

Utilities

Heating system: Hot Water(Heating)

Building Details

Year built: 1952
Number of units: 4
Building materials: Brick
Architectural style: Contemporary

Listing agent Meshelle Van Allen License #SP98367292

Listing office Bennett Realty Solutions 6301 Ivy Lane unit: 805, GREENBELT, DC

Listing date Jun 23, 2026

MLS# DCDC2269434 Listing URL

Investment Insights

Based on property information with market context.

This for-sale multi-unit residential income property is a contemporary asset with a total size of 2,730 square feet on a 0.0496-acre lot. The public remarks indicate the property is well maintained and includes an opportunity to expand through potential development or the possibility of adding another structure, subject to tax records and zoning requirements. A separate vacant lot is referenced in the listing materials as 5158//0005 and 5158//0004, which the remarks suggest could be purchased to create a larger combined deal.

The property is located at 1107 48th Place NE, Washington, DC 20019, in the N.E. Deanwood Corridor. The listing also notes it is just minutes from the New Commanders’ Stadium location, based on the seller’s description.

For tenants, buyers, or investors seeking a multi-unit holding, this asset presents an entry point into a residential income strategy, with additional planning options tied to the adjacent vacant lot. Buyers should review tax records for construction and zoning requirements and confirm all development or expansion feasibility through the appropriate local channels before moving forward.

Key Highlights

Brick construction with contemporary architectural style
Year built 1952
Hot water heating

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$91.1k	$33.36
− Vacancy	−$5.5k	−$2.00
EGI	$85.6k	$31.36
− OpEx	−$38.5k	−$14.11
NOI	$47.1k	$17.25

2,730 SF · lease $33.36/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use

Multifamily LT 5

$752.9K

$658.8K – $878.3K (±1% cap)

NOI $52,700 @ 7.0% cap · market cap 9.41%

Second Best

Apartment 5plus

$672.6K

$588.6K – $784.8K (±1% cap)

NOI $47,085 @ 7.0% cap · market cap 8.41%

Theoretical Best

Office A

$1.47M

$1.28M – $1.71M (±1% cap)

NOI $102,693 @ 7.0% cap · market cap 18.34%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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