Multiunit Residential Income
1107 48th Place Northeast Washington, DC 20019
For Sale
$590,000
Well-maintained multiunit property with an included vacant lot, near metro/subway and bus service.
Property Size2,730 SF
Price / SF$216.12
Days on Market170
Property Features for 1107 48th Place Northeast
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1952
Listing Agency:
Bennett Realty Solutions
(301) 404-8396
Listed By:
Meshelle Van Allen · License #614645
(301) 404-8396
Source:
Compass
Added: Feb 10
Changed: Jul 23
Last Checked: Jul 29 at 12:16PM
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
Investment Insights
Based on property information with market context.
This well-maintained multiunit residential income property offers a straightforward setup for buyers seeking an income-generating asset. The listing also references parcels 5158/0005 and 5158/0004 as a vacant lot, creating a “two for one” arrangement that may support expansion options, subject to applicable tax records for construction and zoning requirements.
The property is located in Washington, DC, in the N. E. Deanwood Corridor, described as being in the heart of the area. It is also noted as being just minutes from the NEW COMMANDERS STADIUM LOCATION. Transportation access is listed as a Metro/subway station less than one mile away, with a bus stop also less than one mile away.
For buyers and investors, the home is presented as an entry opportunity with the ability to plan for updates and renovations, with showings requiring qualified buyer scheduling.
The property is located in Washington, DC, in the N. E. Deanwood Corridor, described as being in the heart of the area. It is also noted as being just minutes from the NEW COMMANDERS STADIUM LOCATION. Transportation access is listed as a Metro/subway station less than one mile away, with a bus stop also less than one mile away.
For buyers and investors, the home is presented as an entry opportunity with the ability to plan for updates and renovations, with showings requiring qualified buyer scheduling.
Key Highlights
- Well‑maintained multiunit property with an included vacant lot (5158//0005, 5158//0004)
- Vacant lot provides the option to expand or add another structure (per tax records for zoning requirements)
- Year built: 1952
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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
Apartment 5plus
$672.6K
$588.6K – $784.8K
NOI $47,085 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,693 @ 7.0% cap · market cap 17.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Well-maintained multiunit property with an included vacant lot, near metro/subway and bus service.
Where is this multifamily property located?
The property is located at 1107 48th Place Northeast Washington, DC.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Well‑maintained multiunit property with an included vacant lot (5158//0005, 5158//0004); Vacant lot provides the option to expand or add another structure (per tax records for zoning requirements); Year built: 1952
