District of Columbia
Washington
807 48TH PLACE

$540,000

807 48TH PLACE, Washington, DC 20019

1,995 sqft

Multi-Family Home
Built in 1933
1,742sqft lot
—— car garage
$271/sqft
Listed 2 months ago

Property Description

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

Listing Status:: Active
Date Added:: March 12, 2025 at 05:00AM
Listing Office:: Area Real Estate : 2023707910
Listing Agent:: Anna-Marie G Ashe : 7173321369
MLS ID:: DCDC2189604

A/C: Window Unit(s)
Heating: YHot WaterElectric
Disability Feature: None

This listing courtesy of Anna-Marie G Ashe, Area Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Aiton Elementary School

533 48th Pl NE, Washington, DC, 20019

Grades EE-5

0.24 miles away

Kelly Miller Middle School

301 49th St NE, Washington, DC, 20019

Grades 6-8

0.46 miles away

Ron Brown College Preparatory High School

4800 Meade St NE, Washington, DC, 20019

Grades 9-12

0.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.