We study the structural, electronic, vibrational and magnetic properties of a novel C48N12 azafullerene using density functional theory and restricted Hartree-Fock theory. Optimized geometries and total energy of this fullerene have been calculated. We find that for C48N12 the total ground state energy is about -67617 eV, the HOMO-LUMO gap is about 1.9 eV, five strong IR spectral lines are located at the vibrational frequencies, 461.5 cm −1 , 568.4 cm −1 , 579.3 cm −1 , 1236.1 cm −1 , 1338.9 cm −1 , the Raman scattering activities and depolarization ratios are zero, and 10 NMR spectral signals are predicted. Calculations of diamagnetic shielding factor, static dipole polarizabilities and hyperpolarizabilities of C48N12 are performed and discussed. Our results suggest that C48N12 may have potential applications as semiconductor components and possible building materials for nanometer electronics, photonic devices and diamagnetic superconductors.