Multifamily
For Sale
$560,000
1107 48th Pl NE, Washington, DC 20019
Multifamily asset in Washington, DC’s Northeast Deanwood corridor with expansion considerations noted in the property information.
Property Size2,730 SF
Price / SF$205.13
Days on Market51
Property Features for 1107 48th Pl NE
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Multi-Family
Building Details
Year Built
1952
Listing Agency:
Bennett Realty Solutions
Listed By:
Meshelle Van Allen · License #SP98367292
(301) 404-8396
Source:
Themelaninteam
Added: Aug 26
Changed: Oct 8
Last Checked: Oct 7 at 5:01PM
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 Bennett Realty Solutions
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Investment Insights
Based on property information with market context.
This multifamily property contains 2,730 square feet and was built in 1952. The asset is located at 1107 48th Pl NE in Washington, DC 20019, within the Northeast Deanwood corridor.
The property information also references potential expansion or construction of another structure, subject to applicable tax-record review and zoning and construction requirements. A separate vacant lot at 5158//0004 is identified as potentially available for purchase, but it is not represented as part of this property.
The property information also references potential expansion or construction of another structure, subject to applicable tax-record review and zoning and construction requirements. A separate vacant lot at 5158//0004 is identified as potentially available for purchase, but it is not represented as part of this property.
Key Highlights
- 2,730‑square‑foot multifamily property
- Built in 1952
- Located at 1107 48th Pl NE, Washington, DC 20019
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
Apartment 5plus
$672.6K
$588.6K – $784.8K
NOI $47,085 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
703
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily asset in Washington, DC’s Northeast Deanwood corridor with expansion considerations noted in the property information.
Where is this multifamily property located?
The property is located at 1107 48th Pl 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: 2,730‑square‑foot multifamily property; Built in 1952; Located at 1107 48th Pl NE, Washington, DC 20019
