Triplex with Updated Common
For Sale
$485,000
Pending
807 48TH Pl NE, Washington, DC 20019
Fully occupied income property with an updated upper unit and building hallway.
Property Size1,995 SF
Days on Market117
Property Features for 807 48TH Pl NE
General Information
Standard status
Pending
Size
1,995 SF
Property subtype
Investment
Occupancy
100%
Site & Location
Neighborhood
Hillbrook
Additional Details
Gross Income
$52,296
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,579
Building Details
Building Size
1,995 SF
Year Built
1933
Units
3
Listing Agency:
Area Real Estate
Listed By:
Anna-Marie G Ashe · License #BR200200296
(717) 332-1369
Source:
Elliman
Added: Jul 4
Changed: Oct 26
Last Checked: Oct 28 at 10:39AM
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 Area Real Estate
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Investment Insights
Based on property information with market context.
This three-unit residential income property was built in 1933 and includes a basement apartment, a first-floor unit, and an upper-level unit. The upper unit and shared building hallway have been updated, while the property is reported fully occupied.
Located at 807 48TH NE in Washington, DC’s Deanwood neighborhood, the property offers walkability, bike access, and transit connectivity, with a Walk Score of 65, Bike Score of 63, and Transit Score of 68. The TOPA process has started.
Located at 807 48TH NE in Washington, DC’s Deanwood neighborhood, the property offers walkability, bike access, and transit connectivity, with a Walk Score of 65, Bike Score of 63, and Transit Score of 68. The TOPA process has started.
Key Highlights
- Three‑unit triplex with basement, first‑floor, and upper‑level residences
- Upper unit and building hallway have been updated
- Reported fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,512
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,240
$770.2K
Cap Rate 7%
$550,171
$550.2K
Cap Rate 9%
$427,911
$427.9K
Market Conditions
NOI Build-Up for 1,995 SF
Gross rent
$58.7K $29.40/SF
− Vacancy
−$3.6K −$1.82/SF
EGI
$55.0K $27.58/SF
− OpEx
−$16.5K −$8.27/SF
NOI
$38.5K $19.30/SF
Area
ZIP 20019
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,240
Cap Rate 7%
$550,171
Cap Rate 9%
$427,911
Alternative Uses
Best Use
Multifamily LT 5
$550.2K
$481.4K – $641.9K
NOI $38,512 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$491.5K
$430.1K – $573.5K
NOI $34,408 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$1.07M
$938.1K – $1.25M
NOI $75,045 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
655
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied income property with an updated upper unit and building hallway.
Where is this triplex located?
The property is located at 807 48TH Pl NE Washington, DC.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Three‑unit triplex with basement, first‑floor, and upper‑level residences; Upper unit and building hallway have been updated; Reported fully occupied
