Updated Triplex with Three
807 48th Place Northeast Washington, DC 20019
For Sale
$485,000
Triplex with three fully occupied units and recent updates to the top unit and building hallway.
Property Size1,995 SF
Price / SF$243.11
Days on Market52
Property Features for 807 48th Place Northeast
General Information
Standard status
Active
Size
1,995 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1933
Listing Agency:
Area Real Estate
(717) 332-1369
Listed By:
Anna-Marie G Ashe · License #BR200200296
(717) 332-1369
Source:
Compass
Added: Jun 8
Changed: Jul 21
Last Checked: Jul 29 at 12:00PM
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
Investment Insights
Based on property information with market context.
This triplex includes a basement unit plus two additional units, all currently fully occupied. Monthly rent totals $4,358, comprised of $1,552 for the basement unit, $1,456 for unit #1, and $1,350 for the top unit.
The seller notes that the top unit and the building hallway have just been updated. The seller has started the TOPA process, and the listing indicates all offers will be considered.
Per the listing details, the property is in Washington County and within city limits, with the Washington, DC Public Schools school district noted as District of Columbia Public Schools. Showings are scheduled upon an accepted offer.
The seller notes that the top unit and the building hallway have just been updated. The seller has started the TOPA process, and the listing indicates all offers will be considered.
Per the listing details, the property is in Washington County and within city limits, with the Washington, DC Public Schools school district noted as District of Columbia Public Schools. Showings are scheduled upon an accepted offer.
Key Highlights
- Triplex with three fully occupied units generating $4,358/month total rent
- Unit rents: basement $1,552; unit #1 $1,456; top unit $1,350
- Top unit and building hallway have just been updated
Financial Insights For Multifamily LT 5
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 | $58.7k | $29.40 |
| − Vacancy | −$3.6k | −$1.82 |
| EGI | $55.0k | $27.58 |
| − OpEx | −$16.5k | −$8.27 |
| NOI | $38.5k | $19.30 |
1,995 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three fully occupied units and recent updates to the top unit and building hallway.
Where is this triplex located?
The property is located at 807 48th Place Northeast 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: Triplex with three fully occupied units generating $4,358/month total rent; Unit rents: basement $1,552; unit #1 $1,456; top unit $1,350; Top unit and building hallway have just been updated
