PRICE IMPROVEMENT!! **Seller is willing to offer a concession to points to buy down the rate to help increase your PROFIT. **This home is eligible for a $10k Welcome Home GRANT toward an eligible buyer's down payment. This is what you've been waiting for as your start to build wealth in the developing neighborhood of Deanwood. This property is investor friendly or for a first-time homebuyer. Live in the vacant top unit and rent out the rest of the property. Basement unit brings in $1,552 and unit #1 brings $1,456. This is an opportunity to buy a cash flowing property with room to increase the value as the neighborhood progresses. The top unit and building hallway has just been updated and ready to rent or move into as a primary residence, while the other units pay your mortgage. The property can bring in $4,560 a month fully occupied. TOPA process is complete. All offers will be considered.
Listed by Anna-Marie G Ashe
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License #BR200200296
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Area Real Estate
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7173321369
Last updated August 19, 2025
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Source: BrightMLS #DCDC2208958
Listing Facts
TypeMulti-family
NeighborhoodDeanwood
Days on Prevu71
Taxes$3,579/year
Size1,995 sqft
Price per sqft$266
Location
Mortgage Calculator
Listing History
07/01/2025
Listed by Area Real Estate
$530,000
Property Details for 807 48TH Place NE
Exterior
Construction
New Construction: No
Number Of Units Total: 3
Year Built: 1933
Architectural Style: Traditional
Construction Materials: Brick
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Size Acres: 0.04
Lot Size Source: Estimated
Lot Size Square Feet: 1,677
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $3,579.00
Tax Year: 2023
Interior
Measurements
Living Area: 1,995
Living Area Source: Estimated
Other
Location
Tax Lot: 807
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Window Unit(s)
Heating: Hot Water
Has Heating: Yes
Sewer: No Septic System
Water Source: Public
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