Well-Maintained Multiunit
For Sale
$560,000
1107 48TH NE, Washington, DC 20019
Well-maintained multiunit property with adjacent vacant lot(s) that may support future expansion plans.
Property Size2,730 SF
Days on Market104
Property Features for 1107 48TH NE
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$4,337
Building Details
Building Size
2,730 SF
Year Built
1952
Units
4
Listing Agency:
Exit Bennett Realty
Listed By:
Meshelle Van Allen · License #SP98367292
(301) 404-8396
Source:
Elliman
Added: Jun 25
Changed: Sep 23
Last Checked: Oct 5 at 7:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit Bennett Realty
Investment Insights
Based on property information with market context.
This well-maintained multiunit residential property is offered for sale and includes the possibility of expanding by adding another structure. The listing notes adjacent vacant lots identified as 5158/0005 and 5158/0004, which may be purchased to create a “two for one” package; consult tax records for construction and zoning requirements.
The property is located in the heart of the N.E. Deanwood Corridor in Washington, DC, and the listing states it is just minutes from the new Commanders’ stadium location. Walk Score is listed as 65 (somewhat walkable), Bike Score is 63 (bikeable), and Transit Score is 68 (good transit).
For buyers and investors, the current configuration provides a multiunit setup while the adjacent vacant lot(s) offer an additional path to consider for future development. Qualified buyers are scheduled for showings through an appointment.
The property is located in the heart of the N.E. Deanwood Corridor in Washington, DC, and the listing states it is just minutes from the new Commanders’ stadium location. Walk Score is listed as 65 (somewhat walkable), Bike Score is 63 (bikeable), and Transit Score is 68 (good transit).
For buyers and investors, the current configuration provides a multiunit setup while the adjacent vacant lot(s) offer an additional path to consider for future development. Qualified buyers are scheduled for showings through an appointment.
Key Highlights
- Well‑maintained multiunit property built in 1952
- Includes adjacent vacant lot(s) (5158//0005 and 5158//0004) that may support future expansion
- Located in the N.E. Deanwood Corridor of Washington, DC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,085
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,700
$941.7K
Cap Rate 7%
$672,643
$672.6K
Cap Rate 9%
$523,167
$523.2K
Market Conditions
NOI Build-Up for 2,730 SF
Gross rent
$91.1K $33.36/SF
− Vacancy
−$5.5K −$2.00/SF
EGI
$85.6K $31.36/SF
− OpEx
−$38.5K −$14.11/SF
NOI
$47.1K $17.25/SF
Area
ZIP 20019
Vacancy
6.00%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,700
Cap Rate 7%
$672,643
Cap Rate 9%
$523,167
Alternative Uses
Best Use
Multifamily LT 5
$752.9K
$658.8K – $878.3K
NOI $52,700 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$672.6K
$588.6K – $784.8K
NOI $47,085 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,693 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 20019, DC
59,601
Population
29,244
Households
2
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
6.1 sq mi
ZIP Area
9,771
Density / Sq Mi
$57,031
Median Household Income
$49,707
Median Earnings
$1,174
Median Rent
$437,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained multiunit property with adjacent vacant lot(s) that may support future expansion plans.
Where is this duplex located?
The property is located at 1107 48TH NE Washington, DC.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Well‑maintained multiunit property built in 1952; Includes adjacent vacant lot(s) (5158//0005 and 5158//0004) that may support future expansion; Located in the N.E. Deanwood Corridor of Washington, DC
