Multi-Unit Residential Income
For Sale
$560,000
1107 48TH Place NE, Washington, DC 20019
MULTI_FAMILY - Contemporary - WASHINGTON, DC
Property Size2,730 SF
Lot Size0.05 Acres
Price / SF$205.13
Days on Market53
Property Features for 1107 48TH Place NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street, Driveway, Parking Lot
Elementary school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Middle school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
High school district
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
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 Agency:
Bennett Realty Solutions
(301) 459-5040
Listed By:
Meshelle Van Allen · License #SP98367292
(301) 404-8396
Added: Jun 23
Changed: Jul 13
Last Checked: Aug 14 at 6:06AM
MLS# DCDC2269434
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,085
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained multi-unit property near a vacant lot offers flexibility for investors or first-time buyers.
Where is this quadplex located?
The property is located at 1107 48TH Place 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: Brick construction with contemporary architectural style; Year built 1952; Hot water heating
